Recent Search and Popular Product
Business Loan
Personal Loan
Home Loan
Education Loan
Car Loan
Credit Card
Loan Against Security
Loan Against Property
Here are a few factors
Location | 50Km from Branch Location |
CIBIL Score | 650+ |
Applicant | Salaried & Self Employed Both |
Applicant Age | Salaried-21 Year to 60 Year, Self Employed-21 Year to 70 Year |
Loan Amount & Tenure | 20
Lac to 5 Cr (5 Year to 20 Year) |
Login Fees | Loan<30 Lac-2950, Loan>30 Lac-5900 |
Rate of Interest & Type | 10% to 11% (Reducing) |
TAT | 15 Days |
Processing Fees | 1% |
Insurance & Other Charges | Insurance Charges:1%-4% |
Foreclosure Charges | Nil for Individual, If Applicant is other than company-2% |
Minimum Income | Which is fit to cover EMI |
Lock In Period | 6 Month |
Part Payment Allowed | Yes |
Home Loan OD Product | No |
LTV | 100% of Registry Value or 80% of Market Value which ever is lower |
Product | New Purchase, Plot Purchase, Plot Purchase+Construction |
Program | 1.
Banking Program-1 Cr 2. LIP Progra-50 Lac 3.Without ITR 30 Lac 4.BT+Topup-1 Cr 5. Normal Income -5 Cr |
CO - Applicant | Yes |
FOIR | If Salary<30K-45% of Net Salary,If Salary>30K-50-70% |
Negative Profile | Any profile where collection is not comfortable |
Funded Property Type | (i)
Residential Property (ii) Residential Plot Purchase (iii) Residential Plot Purchase & Construction |
Negative Property | Basement, Bachha Flat, Khasra Khatauni Plot, Unapproved 4th Floor & above, Freehold unapproved Property, Home Renovation |
Accepted Collateral | Approved Residential Property, Without Map Property, Dual Unit without MAP, Khasra Khatauni Property, Lal Dora Property, Lal Dora Plot, Sub-Divided Property, Demolition Property if entire property is coming |
Business Vintage for Self Employed Person | 3 Year |
Minimum Job Experience for Salaried Person | 2 Year |
Experience with Current Employer | 3 Month |
Any Specific Product for Professionals | Yes, For Chartered Accountant & Doctors : ROI is lower |
USP | Seller BT, Funding to Cash Salary Applicant, Funding to NRI Applicant |
Documents Required
Proof of Identification
Proof of Residency
Proof of age
Proof of income (if you are a salaried applicant),
proof of property (if you have selected a property),
If relevant, information about your current loan.
Basic Eligibility Criteria
Salaried applicants must be between the age of 21-60.
Self-employed applicants must be between 21-70 years.
The longest loan term available is 5–20 years.
Rs. 5 crore is the maximum loan amount
About Hero Housing Finance Home Loan
Hero Housing Finance is an arm of Hero Fincorp. This provides consumers with housing loans at competitive interest rates, along with a number of other advantages. Hero Housing loans are easily applied for across the nation. This may be for building, renovating, or extending a home, or for purchasing ready-to-move-in or under-construction properties for residential use.