Get complete details on Sundaram Home Finance Home Loan eligibility, benefits, charges, and repayment options to simplify your housing journey.
Buying or building a home often requires financial support and choosing the right loan can make all the difference. A Sundaram Home Finance Home Loan gives you access to funds for purchasing, constructing, or renovating your property while ensuring flexible terms. As part of a trusted financial institution, the Sundaram Home Finance housing loan combines reliability with customer-friendly features to help you achieve your home ownership goals with confidence. By understanding the key benefits, eligibility, and repayment options, you can make an informed choice and secure your dream home without unnecessary stress.
Here is a detailed overview of the home loan interest rates offered by Sundaram Home Finance for both salaried and self-employed individuals:
| Loan Type | Interest Rate |
|---|---|
| Housing – Salaried |
9.15% onwards |
| Housing – Self-employed - Individual |
9.65% onwards |
Disclaimer: The fees and charges mentioned in this table are subject to change at the lender’s discretion and may vary based on the loan terms and applicable regulations.
Here is a breakdown of the additional fees and charges associated with Sundaram Home Finance Home Loan, providing clarity on the costs involved:
| Fee Type | Details |
|---|---|
| Housing Loan Fee |
Up to 0.75% of the loan amount excluding GST |
| Prepayment Charges (Individuals) |
2% applicable for takeover loans |
| Prepayment Charges (Non-Individuals) |
2% of the loan amount |
Disclaimer: The fees and charges mentioned in this table are subject to change at the lender’s discretion and may vary based on the loan terms and applicable regulations.
Here are the features that make a Sundaram Home Finance housing Loan a reliable and value-driven choice for your housing needs:
Enjoy attractive interest rates that keep your monthly EMIs within budget.
Choose repayment tenures that align with your financial comfort and future plans.
Get your loan sanctioned and disbursed swiftly to meet your housing requirements on time.
Transfer your existing loan to Sundaram Home Finance for improved terms and possible savings.
Avail additional funds over your existing loan for renovations or other personal needs.
Save with tax deductions on both principal repayment and interest, as per applicable laws.
Experience complete clarity with no hidden charges or unexpected costs.
Protect your home loan with an insurance scheme offered in partnership with Royal Sundaram.
Receive professional in-house support for accurate legal and technical checks.
Benefit from a customer-friendly approach designed to match your specific financial needs.
Stay assured with state-of-the-art systems that keep your documents safe and confidential.
Access more than 120 branches across India for convenient and reliable service.
Here are the key criteria that define Sundaram Home Finance home loan eligibility for applicants:
You must be an Indian citizen
Your age should be between 18 and 65 years
You can be salaried or self-employed
All genders are eligible to apply
Adding a co-applicant can help increase the loan amount
A co-applicant can be your spouse or a close family member
All co-owners of the property must also be co-applicants
Getting your documents ready in advance ensures faster approval and avoids unnecessary delays in your home loan application. Here is a clear breakdown of the documents you need to apply for a Sundaram Home Finance housing Loan:
| Requirement | Accepted Documents |
|---|---|
| Mandatory |
PAN card (or Form 60 if PAN not available) |
| Identity / Address Proof |
Aadhaar (masked), Passport, Driving Licence, Voter ID, NREGA Job Card, NPR Letter |
| If Current Address Not Available |
Recent utility bill (within 2 months), property tax receipt, pension order, employer allotment letter |
| For NRI / PIO / OCI |
Passport, overseas address proof, attested by Embassy/Consulate/Notary or authorised bank official |
| Applicant Type | Documents Needed |
|---|---|
| Resident Indian |
Last 3 months’ salary slips (6 if variable pay), Form 16 (if applicable), 6 months’ bank statements (salary credit + EMI debit) |
| NRI / PIO / OCI |
Valid Visa/Work Permit, PIO/OCI Card, General POA in SHFL format, last 3 months’ salary slips, NRE/NRO statements (6 months), Merchant Navy: Continuous Discharge Certificate |
| Applicant Type | Documents Needed |
|---|---|
| Business Proof |
GST Registration, Shop & Establishment Certificate, Factory Licence, Importer Exporter Code, or MSME Certificate |
| Financial Proof |
IT returns, P&L and Balance Sheet with tax computation (last 2 years), GST returns (latest 1 year) |
| Bank Records |
Primary business accounts and EMI debit bank statements (12 months) |
| For Partnership/LLP/Company |
Partnership deed / MOA & AOA, PAN, board resolution, shareholding pattern, beneficial ownership declaration, LEI if applicable |
| Situation | Documents Required |
|---|---|
| Constructing on Own Plot |
Registered title deed, 15 years’ parent documents, 13+ years’ encumbrance certificate, approved plan/layout, Patta, cost estimate |
| Purchasing New Flat (Builder) |
Registered sale deed (undivided share), sale & construction agreement, stamped payment receipts, 13+ years’ parent docs, builder mortgage permission letter, approved plan, possession letter, completion certificate |
| Buying Resale House |
Sale agreement, seller’s sale deed, 13+ years’ parent docs, 13+ years’ encumbrance certificate, Patta, house tax/EB receipt, stamped payment receipt, approved building plan, draft sale deed, possession proof |
| Buying Resale Flat |
Sale agreement, seller’s sale deed + construction agreement, builder receipts, 13+ years’ parent docs, 13+ years’ encumbrance certificate, property tax/EB/water receipt, stamped payment receipt, approved plan, possession proof |
Here are the different types of home loans you can choose from based on your needs and financial goals:
These loans help you purchase a residential plot of land for building your home in the future. Flexible repayment options ensure you can plan construction when the time is right.
This option provides funds for repairs, renovations, or upgrades to your existing home. It allows you to enhance both comfort and property value without straining your savings.
If you need to add more space to your home, this loan supports construction of extra rooms or floors. It is ideal for growing families or evolving lifestyle needs.
A top-up loan gives you additional funds over your existing home loan without new documentation. It can be used for personal needs such as education, medical expenses, or home upgrades.
With this loan, you can transfer your existing home loan from another lender to Sundaram Home Finance. This often helps reduce your interest rate and overall repayment burden.
This scheme supports eligible borrowers under the government’s Pradhan Mantri Awas Yojana (Urban). It helps you access subsidies on your home loan and make housing more affordable.
These loans are designed to support small and emerging business owners in purchasing or expanding property. They provide financial flexibility to grow business infrastructure alongside housing needs.
Here are the simple steps you can follow to apply for a Sundaram Home Finance Home Loan online:
Visit the official Sundaram Home Finance website
Navigate to the home loan application section
Enter your personal, employment, and income details in the application form
Select the desired loan amount and repayment tenure
Upload the required KYC, income, and property documents in the specified format
Review the application details carefully before submitting
Submit the application and note the reference number for future tracking
Wait for a representative to contact you for further verification and processing
Here are the simple steps you can follow to check the status of your Sundaram Home Finance Home Loan application:
Visit the official Sundaram Home Finance website
Log in to the customer portal with your customer ID and password
Enter your loan application reference number
Provide any additional details requested for verification
Submit the details to view your current application status
Note down the displayed status for future reference or follow-up
Here are the simple steps you can follow to view and download your Sundaram Home Finance Home Loan statement:
Visit the official Sundaram Home Finance website
Log in to the customer portal using your customer ID and password
Select the home loan account linked to your profile
Navigate to the option for viewing or downloading statements
Choose the desired period for which you need the statement
Download or save the statement for your records and future reference
If you need help with your home loan, Sundaram Home Finance offers multiple support options to assist you quickly and conveniently.
73054 24448
89255 76775
97908 00700
Toll-Free: 1800 419 7722
loans@sundaramhome.in
Fill in the customer call back form available on the website to get a quick response from the support team
Use the online branch locator on the website to find and visit the nearest Sundaram Home Finance branch
Here are the repayment options you can choose to manage your Sundaram Home Finance Home Loan with ease and flexibility:
Pay fixed monthly instalments that cover both principal and interest throughout the loan tenure.
Reduce your loan balance anytime by making lump-sum part-payments.
Close your loan early by paying the outstanding balance in full, subject to applicable conditions.
Select from a wide range of repayment periods to match your financial comfort.
Repay conveniently using internet banking, debit instructions, or other digital payment options.
Yes, Sundaram Home Finance checks your CIBIL score before approving a home loan. A strong score improves eligibility, lowers risk, and may help secure better loan terms and interest rates.
Yes, you can club your spouse’s income with yours when applying for a Sundaram Home Finance Home Loan. This increases loan eligibility and enhances the approved loan amount, making property purchase more affordable.
The Sundaram Home Finance home loan processing fee is usually a percentage of the loan amount. Exact charges vary based on loan type and borrower profile, and applicants should confirm current rates before applying
Yes, Sundaram Home Finance Home Loan is available for under-construction properties. The loan amount is typically disbursed in stages, aligned with the construction progress and builder’s demand schedule.
Yes, you can prepay your Sundaram Home Finance Home Loan in part or full. Up to three part-prepayments are allowed in a financial year, with each payment equal to at least six EMIs, helping reduce your loan tenure and interest burden.
Sundaram Home Finance Home Loan processing time generally ranges from a few days to a few weeks. It depends on document submission, property verification, and borrower profile. Faster approvals are possible with complete paperwork.
Yes, you can apply for a joint home loan with a close family member, including your spouse. All co-owners of the property must be co-applicants to enhance eligibility and loan sanction amount.
Yes, Sundaram Home Finance offers a balance transfer facility that lets you shift your existing home loan. This helps reduce interest rates, EMI burden, and overall repayment cost while enjoying Sundaram’s service benefits.