✓ Home Loan from ₹2 Lakhs to ₹15 Crores ✓ Interest Rates Starting @ 8.50% Apply Now

Home loans are a great option to secure funding to purchase a residential property, and the Sundaram Finance Home Loan is a worthwhile option. This loan facility is made available by Sundaram BNP Home Finance Limited, a trusted name in the market.

You can use the Sundaram Home Loan to purchase, construct or renovate your house. Read on to know more about the Sundaram Finance Housing Loan and hw you can avail of this lending facility.

Here are the details of the Sundaram Finance Home Loan:

Sundaram Finance Home Loan Details

Interest Rate

7.85% p.a. onwards

Loan tenure

Up to 240 months

Disclaimer: The interest rate mentioned is subject to change at the lender’s discretion. 

Sundaram Finance Home Loan Interest Rate & Charges 2024

Sundaram Finance Home Loan interest rate starts from 7.85% p.a. However, note that these rates may differ depending on various factors, which include:

  • Your annual income

  • Your credit score 

  • Your repayment history

The processing fee to avail of a Sundaram Finance Housing Loan is ₹3,000 plus GST. On the other hand, you do not have to pay any fee if you decide to foreclose the loan.

Compare Sundaram Finance Home Loan with Partner Lenders (Banks/HFCs)

Here is a table that presents the interest rates on home loans offered by partner lenders on Bajaj Markets. You can compare these with the Sundaram Finance Home Loan rate of interest.

Name of the Partner

Interest Rates

Bajaj Housing Finance Limited

8.50% p.a. onwards

Home First Finance Company

9.50% p.a. onwards

ICICI Bank

9.00% p.a. onwards

India Shelter

10.50% p.a. onwards

Kotak Mahindra Bank

9.00% p.a. onwards 

LIC Housing Finance

8.65% p.a. onwards

PNB Housing Finance Limited

8.50% p.a. onwards

Shriram Housing Finance

11.50% p.a. onwards

Shubham Housing Finance

10.90% p.a. onwards

Union Bank of India

8.50% p.a. onwards

Disclaimer: Interest rates mentioned are subject to change at the lender’s discretion. 

Sundaram Finance Home Loan EMI Calculator

Loan Amount
Tenure
  • Months
  • Years
Rate of Interest
%

Monthly EMI

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest Amount
Year Principal Interest Balance

A home loan is a major commitment as its repayment tenure can extend up to two or three decades. This requires you to make long-term financial planning. For that, you will need to know about your monthly outflow towards the Sundaram Finance Housing Loan.

The Sundaram Finance Home Loan EMI calculator allows you to determine the amount of EMI that you will have to pay. Having a clearly drawn-out amortisation schedule can help you plan your budget efficiently and streamline payments for the years to come. 

Documents Required for Sundaram Finance Home Loan

When you apply for the Sundaram Finance Home Loan, you will need to submit an application form along with a few  documents. Here is the list of the Sundaram Finance Home Loan documents:

1. KYC Documents

  • Aadhaar card

  • Driver’s licence

  • PAN card

  • Passport

  • Voter’s ID

  • Bank Passbook

2. Proof of Income

A. Salaried

  • Salary slips and bank statements from last 6 months

  • Form 16 and IT returns

B. Self-employed

  • GST returns of last year

  • Bank statements of last 6 months

  • IT returns for last 3 months

Sundaram Finance Home Loan Eligibility

To get a home loan from Sundaram Finance, you must fulfil certain requirements set by the lender. Here are the details of the Sundaram finance home loan eligibility requirements:

  • Your age must be between 18 and 65 years

  • You must be employed (either self-employed or salaried)

  • You must be an Indian citizen

Features and Benefits of Sundaram Finance Home Loan

The following are some of the features and benefits of the Sundaram Finance Housing Loan:

Quick Disbursal

<p>Since you can apply for a Sundaram Finance Home Loan online, the entire process is pretty quick. The institution also makes loan disbursals to the borrower’s bank account instantly.</p>

Insurance

Sundaram Financing also provides insurance from Royal Sundaram to home loan buyers.&nbsp;

Personalised Service

This financial institution also provides hassle-free and customised services to their home loan buyers

Wide Network

You can avail of this loan from a wide network of over 120 branches across India.

Safety

&nbsp;Its state-of-the-art digital infrastructure ensures that the documents you submitted are secured.

Types of Home Loan Schemes Offered by Sundaram Finance

Sundaram Finance offers varied lending options under the home loan facility. You can avail of any of the following based on your financial requirement. 

  • Home Loan

  • Plot Loan

  • Home Improvement Loan

  • Home Extension Loans

  • Top Up Loans

  • Take Over Loans

  • Loan Against Property

How to Apply for Sundaram Finance Housing Loan Online

You can apply for a Sundaram Finance Housing Loan online by following these simple steps:

  • Visit the Sundaram Finance official website

  • Select the ‘Home Loan’ from the ‘Loans’ category available on the top dashboard 

  • Choose the home loan type based on your financial requirement

  • Check your eligibility and open the application form

  • Fill in the application form with your personal details and employment information

  • Submit your application and the lender will review your request 

Sundaram Finance Customer Care

For any Sundaram Finance Home Loan related query or complaint, you can contact the lender on 9289220125.

In conclusion, you can apply for a home loan from Sundaram Finance if you also aspire to own a house. To get the best home loan interest rate, you can compare different lenders and offers using a home loan EMI calculator

Moreover, if you already have an existing home loan with higher interest rates, you can opt for a home loan balance transfer facility to shift to lower rates. 

Disclaimer

The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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FAQs About the Sundaram Finance Home Loan

Does Sundaram Finance check CIBIL for a home loan?

Yes, Sundaram Finance checks your CIBIL score before approving your request for a home loan. 

 

What is the maximum loan tenure I can opt for under Sundaram Finance Home Loan?

You can opt for a maximum tenure of up to 20 years on your Sundaram Finance Home Loan.

 

Can I transfer my house loan from another bank to Sundaram Finance?

Yes, Sundaram Bank offers the facility to transfer your remaining home loan balance to their bank for lower interest rates.

 

What is the maximum limit of a Sundaram Finance Home Loan?

You can avail of a maximum loan amount of ₹4 Crores on your Sundaram Finance Housing Loan. 

 

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