Avail HFFC home loan from Bajaj Markets with 90% of the property value as a home loan with affordable HFFC interest rates starting at 9.50% p.a.
One of the striking features of the Home First Finance home loan is its quick disbursal period. When you apply for a Home First Finance Company home loan, the approved loan amount gets credited to your bank account within 48 hours, provided you meet the eligibility criteria.
HFFC Home Loan Rate (Floating Rate) |
9.50% p.a. onwards |
Loan Amount |
Up to 90% of the value of the property can be availed |
Processing Charges |
₹9,990 - ₹21,990 in addition to the applicable GST |
Foreclosure Charges |
Nil |
Penalty Interest Rate (charged on EMIs that are paid late) |
Up to 2% per month |
EMI Bounce Charges (if the EMIs are paid through cheques) |
₹500 + 18% GST |
Disclaimer: Above-mentioned rates and loan particulars are subject to change at the lender’s discretion.
As you are familiar with HFFC home loan rate of interest along with other charges, here is a breakdown of the processing charges, depending on the type of loan.
Type of Home Loan |
Processing Fee (exclusive of GST) |
Home loan for salaried people |
Anywhere between ₹9,990 - ₹21,990 |
Home loan for self-employed people |
Anywhere between ₹11,990 - ₹23,990 |
Loan for home construction |
|
Loan for home renovation and/or extension |
|
Home loan for NRIs |
|
Home loans for senior citizens |
|
Home loan balance transfer facility |
|
Home loan top-up facility |
The applicable processing fees will be subject to the existing home loan amount. |
Disclaimer: Above-mentioned loan particulars are subject to change at the lender’s discretion.
Now that you know HFFC home loan processing fees in detail, here is a tabulated comparison of HFFC home loan interest rates with other lending partners on Bajaj Markets.
Name of the Financial Institution |
Interest rates (% p.a.) |
8.50% onwards |
|
9.00% onwards |
|
10.50% onwards |
|
9.00% onwards |
|
8.65% onwards |
|
8.50% onwards |
|
11.50% onwards |
|
10.90% onwards |
|
8.50% onwards |
Disclaimer: Interest rates are subject to change as per the change in the financial institution’s terms and policies.
With an auto prepay facility, you can pay an extra amount towards your principal outstanding amount every month and save on interest.
Meeting the HFFC eligibility criteria is important to enjoy hassle-free approval on home loans:
Borrower’s Profile |
Non-Resident Indians (NRIs)/Indian Residents/Persons of Indian Origins (PIOs) |
Type of Employment |
Self-employed or salaried individuals |
Credit Score Requirements |
Equal to or above 750 |
Income Criteria |
The same will vary on a case-to-case basis |
In addition to those mentioned above, your home loan approval will also depend on factors such as the following:
Current income of your family
Your credit score history
Note that the same will also depend on the type of home loan you opt for. This is why knowing the Home First Finance rate of interest and other essential information is key to borrowing wisely.
Apart from submitting a copy of the duly filled and signed home loan application form, you must submit the following HFFC home loan documents:
Identity Proof: PAN card, Aadhaar card, Passport, driving licence, among other government-issued credentials bearing your name and photograph
Residence Proof: Passport, ration card, Aadhaar card, latest utility bills, or rental agreement
Income proof for salaried professionals: Latest salary slips for three months, latest Form 16, and income tax returns
Income proof for self-employed individuals: Latest income tax returns, profit and loss statements, and balance sheets of the previous three years
Other financial documents, such as bank statements for the last six months
Passport-size photographs
Applying for a Home First Finance Company home loan on Bajaj Markets is straightforward. Simply follow the steps mentioned below:
Click on the ‘Apply Now’ tab in the ‘Home Loan’ section
Enter your personal and income details and get instant home loan eligibility
Select Home First Finance Company (HFFC) from the list of lending partners
Check the home loan amount you can avail
Fill in your required home loan amount & details of the property
Find out your loan details, associated charges and net disbursal amount Furthermore, a loan expert will contact you to process your application further. Finally, you can clarify doubts about processing charges and Home First Finance interest rates
Currently, there are no penalty charges for prepaying the HFFC home loan.
The maximum loan repayment period for Home First Finance Company (HFFC) home loans is 240 months.
There are no prepayment charges on loan.
You can apply for a HFFC Loan on Bajaj Markets by visiting the home loan page and filling the easy application form. The entire process is digital and hassle-free.
Yes, it is necessary to get a guarantor if you are a senior citizen.
When availing a home loan, your blood relatives or spouse can be your co-applicants.
Yes, you have to provide Indian residence details as an NRI when applying for a home loan.
The exact Home Loan amount disbursed depends on the salary as well as various other factors such as age, credit history, and financial obligations. You can use the Home Loan eligibility calculator to get a better idea of the Home Loan amount you might be eligible for.
If you are a salaried employee, the minimum net monthly salary must be ₹10,000. As a self-employed applicant, the minimum PAT must be ₹15,000.
Based on your CIBIL Score, income, repayment history, details of the co-applicant, you can get in touch with your lender to increase the HFFC Home Loan limit.
You can avail a home loan of ₹40 Lakhs from HFFC for a tenure of 20 years at an interest rate starting from 9.50% per annum. The exact rate of interest applicable might vary based on your credit profile.
You can reduce your interest rate on Home Loan by lowering your repayment tenure or going for prepayment.
Yes. Section 24 and Section 80C of the Indian Income Tax Act of 1961 allow Indian residents to avail tax benefits on the principal amount as well as interest payments for a home loan.