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| Step 3: Apply for a loan |
Applying for a loan with Home First is very simple & convenient. Just provide the documents as listed below and we would ensure hassle free processing of your Home Loan application
DOCUMENTATION
| DOCUMENT |
DETAILS |
| Identity Proof (Any one) |
Pan Card
Passport
Voter Id Card
Driving License
Identity Card issued by Employer |
| Address Proof (Any one) |
Passport
Electricity Bill
Telephone Bill
Ration Card
Lease Agreement |
| Photographs |
1 passport size photograph |
| Income Proof |
Salaried:
- Latest 3 months salary slips
- Form 16 (latest year)
- ITR (latest year)
Self-Employed:
- ITR, P&L and Balance sheet for latest 3 years OR
Proof of business (3 years)
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| Bank Statements |
Latest 6 months |
Note: Applications are currently accepted only for the following approved projects |
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Some of the queries you may have regarding the loan are answered below:
1. What % of the property price can be financed?
Home First can provide finance up to 90%* of the property value. The balance amount has to be arranged by you from other sources such as your savings, etc. (*For loan amounts less than Rs. 20 lakhs)
2. What will be the duration of the loan?
Home First offers loan tenure of 1 year to 20 years. If you opt for a long tenure, you can get the advantage of a lower monthly outflow in the form of EMI.
3. What is the rate of interest and other charges?
INTEREST RATE, FEES AND CHARGES
| Housing Loans |
| Category |
Loan Amount Slab |
Fixed |
Floating |
One Time
Processing Fees
|
| Min |
Max |
Min |
Max |
| Salaried |
Upto Rs. 5 lakhs |
15.50% |
16.00% |
12.90% |
14.00% |
| Rs. 6500 + Service Tax* |
| Rs. 8500 + Service Tax* |
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Above Rs. 5 lakhs |
15.50% |
16.00% |
12.90% |
14.00% |
| Self-Employed |
Upto Rs. 5 lakhs |
16.50% |
17.50% |
12.90% |
15.00% |
| Rs. 7500 + Service Tax* |
| Rs. 10000 + Service Tax* |
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| |
Above Rs. 5 lakhs |
16.50% |
17.50% |
12.90% |
15.00% |
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| Home-Equity/Loan Against Property |
| Salaried |
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16.50% |
18.50% |
Rs. 10000 + Service Tax* |
| Self-Employed |
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16.50% |
18.50% |
Rs. 12500 + Service Tax* |
*Service Tax @ 12.36% HFFC PLR - 14.5% Wef: 1st Feb' 2013
Note:
- For Home-Equity/Loan Against Property cases, legal and technical charges will be charged in addition to above fees
- Stamp duty applicable for Memorandum of Equitable Mortgage will vary depending on location and will be charged for all cases in addition to above fees
- Other Charges
4. Will I be charged any fee for early pre-payment?
No prepayment fee will be charged byHome First for early pre-payment of the loan (both entire and partial).
5. Who can be co-applicants to the loan?
All co-owners of the property have to become co-applicants to the loan. A person who is not a co-owner can also become a co-applicant to the loan. |
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| © Copyrights 2011, HFFC |
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