Home First Finance Company Loan Against Property

Home First Finance Company is a lender that provides loans against property. They have helped many families, institutions and businesses fulfil their dreams and goals, not letting the lack of funds break anyone’s stride. The company was established in 2010 and ever since, they have approved more than 55,000 loans, disbursing an approximate loan amount of ₹3,000 Crores across the country. 

They provide a hassle-free loan application process with flexible documentation requirements, quick loan approvals, great interest rates and speedy disbursal of loan amount. The aim is to make loans against property accessible for everyone regardless of their economic or social background. Find everything you need to know about HFFC Loan Against Property (LAP) on Bajaj Markets!

In succession to this, you shall find the specifications surrounding the Home First Finance Company’s interest rates and other charges implied on loans against property.

Disclaimer: The values stated above are subject to change with accordance to alteration of policies and regulations laid by the financial organisation.

Also Check: Loan Against Property Interest Rate

It is an extremely archaic task to manually calculate the LAP EMIs of your loan. Thus, Home First Finance Company offers you an EMI calculator that can help you understand the values surrounding your desired loan amount, loan tenure, rate of interest and interest amount in a matter of seconds. You can use the following guidelines to use HFFC’s EMI calculator to find the exact number of the EMIs that can help you repay your loan and the exact EMI amount to cover over each month of the loan tenure. 

• Step 1: Enter your desired loan amount.

• Step 2: Fill in a loan tenure in the form of years.

• Step 3: Put in the rate of interest ranging between 14% to 16% for a reading as accurate as possible. 

• Step 4: Once you have entered all the relevant values, the EMI amount payable on a monthly basis will be displayed on your screen.

Below is a breakdown of the HFFC eligibility criteria that every borrower is required to meet before applying for an LAP from HFFC.

• Age Criteria: An applying borrower’s age must lie in the bracket of 18 years to 65 years to be eligible for a loan against property from Home First Finance Company. 
• Monthly Income: For salaried individuals, their monthly income must be a minimum of ₹10,000. A self-employed applicant should have a minimum of ₹15,000 as Profit After Tax (PAT).
• Work History: At least 1 year of work experience is required for a salaried person to qualify for a loan against property. A self-employed individual is required to have three years and more in work experience to apply.

Also Check: Loan Against Property Eligibility Criteria

An applicant is required to submit essential documents for a verification process as well as fulfilling an application of a loan against property. Listed below are all the documents needed.

• KYC documents such as Aadhaar Card, PAN Card/Passport, Driving Licence, etc.
• Address Proof
• Bank Statement (last 6 months)
• Salary Slips of last 3 months (salaried applicants)
• Certificate and proof of existence of business (self-employed applicants)
• Form 16 or Income Tax Returns

Following are the ways in which you can establish contact with the Home First Finance Company head office:

Head Office: 511 Acme Plaza, Opposite Sangam Cinema, JB Nagar, Andheri East, Mumbai, Maharashtra, 400059

Phone Numbers: +91 888-054-9911 or  +91 992-009-8834

Email: loanfirst@homefirstindia.com