Hi dear readers, hope you are doing well, today we will know about How to get Sundaram Finance Home Loan, Eligibility, Interest Rate, EMI Calculator, Minimum Salary, Cibil Score and more details that we read in this article please read till the last.
If you want to take advantage of Sundaram Home Finance home loan then this article is for you. Home loan comes under the category of secured loan.
To take this loan, the bank has to give you a guarantor or collateral. Like other banks and financial institutions, Sundaram Home Finance also provides home loan provides |
Sundaram Finance offers a variety of home loan schemes that you can apply for. In this article, we will know in detail what is Sundaram Finance Home Loan, what is the interest rate, eligibility, documents of this loan and how can we apply for this home loan etc., so you can complete this article at the end. read till
Sundaram Finance Home loan
You can take home loan to fulfill your dream of home. You can get a home loan to build, buy or renovate a house or flat. You can apply online and offline for this home loan.
You can get subsidy on home loan under Sundaram Finance Pradhan Mantri Awas Yojana(PMAY). The loan amount given by the bank for the loan depends on many factors of the applicant such as the applicant’s CIBIL Score , income, place of residence, means of earning etc.
Sundaram Finance Home Loan interest rate starts from 8.60% per annum. Under this home loan, you can get loan amount up to Rs.400 lakh. The loan amount offered under home loan depends on your credit history and your income. If your income is high and your credit history is very good, then you can get home loan amount up to high loan amount and at attractive interest rates.
Key Features of Sundaram Finance Home Loan
- Loan Name: Sundaram Finance Home Loan 2024
- Lender Name: Sundaram Finance
- Loan tenure: Up to 25 years
- Interest Rate: Starting from 8.60% pa
- Official Website: https://www.sundaramhome.in/
Sundaram Finance Home Loan Interest Rate 2024
Sundaram Finance Home Loan interest rate starts from 8.60% per annum. If you are an existing customer of the bank and fulfill all the conditions of the home loan, then you can take advantage of the attractive interest rates of the bank.
Just as personal loan before we take Personal Loan Interest Rate Similarly, before taking a home loan, we need to know about Home Loan Interest Rate It is important to have information about the loan so that we do not face any kind of trouble at the time of repayment of the loan.
Sundaram Finance Home Loan Benefits and Features
- You can take a home loan to buy, build or renovate a house.
- Competitive interest rates, flexible tenors, convenient repayment options and personalized service, Sundaram Finance offers home loans to its customers.
- Benefit of insurance plan in association with Royal Sundaram.
- The maximum loan tenure of the loan is 25 years.
- Legal and technical assistance is provided to the customer through Sundaram Home Finance.
- Sundaram Finance Home loan The interest rate starts from 8.60% per annum.
- You can get maximum loan amount based on your credit score and your income.
- To provide better service to the customers, Sundaram Finance has 120+ branches across India from where you can apply for home loan.
- Any salaried / self-employed person can apply for this home loan.
- You can become eligible for the maximum loan amount by adding a co-applicant to your home loan.
- You can add spouse or close family member as a co-applicant.
- All the co-owners of the property should be co-applicants.
- If you fulfill all the conditions of this home loan, then your loan is approved within about 7 – 10 working days.
- Sundaram Homes offers floating (variable) interest rate which keeps on changing.
- You Sundaram Finance Home loan EMI can be paid through Electronic Clearance System (ECS) or by auto debit with select banks.
- In places where ECS/Auto Debit is not available, EMI can be paid by post dated cheque.
- EMI can also be paid as salary deduction.
- benefits on home loan under Section 80C and 24( B) of the Income Tax Act, 1961.
- You can prepay your home loan amount either partly or in full.
Sundaram Finance Home Loan Schemes
Sundaram Home Finance offers a wide variety of home loan schemes. You can apply for the home loan scheme you want to take advantage of. These home loan schemes are as follows :
- Plot Loans
- Home Improvement Loans
- Home Extension Loans
- Top Up Loans
- Take Over Loans
- Loan Against Property
Sundaram Finance Home Loan Eligibility
apply for a home loan, you have to fulfill all its conditions. You can calculate your loan eligibility with the help of Home Loan Eligibility Calculator by visiting the official website of the bank. By which you will get to know how much loan amount you are eligible for. Following are the eligibility to apply for Sundaram Finance Home Loan :
- Applicant’s age should be between 18 to 65 years.
- Any salaried / self-employed person can apply for this home loan.
- Applicant must be a permanent resident of India.
Documents Need for Sundaram Finance Home Loan
Before applying, you should keep all your documents together so that whenever the bank asks for documents from you, you can show them all the documents immediately. To apply for Sundaram Finance Home Loan, you must have the following documents:
KYC Documents: Identity and address proof
- Aadhar Card
- driving license
- PAN Card (Mandatory)
- Passport
- Voter ID Card
- bank passbook with photo
- photo credit card
- Any other photo ID (subject to the satisfaction of the company)
proof of income: For Salaried Person:-
- Salary slip of last 6 months
- showing salary credits of last 6 months
- Latest Form- 16 & IT Returns
Proof of Income : For Self Employed Person:
- last 12 months
- last 6 months
- IT return of last 3 years
Property related documents:
On building your house on your plot of land:
- Original registered title deed in your favor
- Original Document Copies * Adding up the chain of transactions in the last 15 years
- @ for minimum 13 years or (for earlier period)
- Preparing the original plan approved by the competent authority and the approved plan
- lease in your name
- original estimate
Buying a flat from a builder:
- Original registered sale deed for undivided share in favor of the customer
- Original sale and manufacture agreement in favor of the customer (to be registered if applicable)
- Original stamped receipt for payment made by the customer to the builder (i.e. total property cost – home loan amount)
- Encumbrance certificate for minimum 13 years or for earlier period if applicable
- Copies of parent’s document for a minimum of 13 years or for the earlier period of the documents, if applicable
- Letter of Mortgage allowed by the builder in favor of the design of Sundaram Homes
- Approved plan and copy of floor plan
- handing over of flat
- Completion certificate from builder
Buying a home on resale basis:
- Original sales agreement between seller and customer
- Original sale deed in favor of seller
- Documents of parents * for a minimum of 13 years *
- Encumbrance certificate @ for minimum 13 years
- Lease and House Tax Receipt/EB Receipt (Latest)
- Original stamped receipt from seller (ie = Total property cost – Home loan amount)
- Prepare a copy of the approved building plan and outline the approved plan
- draft sale deed
- Evidence of seller handing over possession
Buying flats on resale basis:
- Original sales agreement between seller and customer
- Original sale deed in favor of seller
- Original construction agreement in favor of seller
- Original stamped receipts given by builder in favor of seller
- Documents of parents * for a minimum of 13 years *
- Encumbrance certificate @ for minimum 13 years
- Latest Property Tax / EB / Water & Sewerage receipt in favor of seller
- Original stamped receipt from seller (ie = Total property cost – Home loan amount)
- Approved plan and copy of floor plan
- Evidence of seller handing over possession
Sundaram Finance Home Loan Apply
If you fulfill all the conditions of this home loan, then you can apply for the loan both online and offline. Information about the process of applying is given here.
Sundaram Finance Home Loan Apply Online
- To apply online, first you need to visit the official website of Sundaram Finance sundaramhome.in But have to come
- On the home page of the website you will find Apply Online Click on this option will appear.
- on the next page you Apply Now Click on this option will appear.
- On the next page the registration form will open in front of you.
- Submit the form by entering the requested information in the form.
- After filling the form, the bank officials will contact you and the loan process will be issued further.
How to apply offline ?
- To apply offline, you have to first go to your nearest branch of Sundaram Home Finance.
- You have to contact the bank employee by going to the bank branch.
- The bank employee will provide you all the information related to the home loan.
- After that your documents will be verified.
- Then you have to fill a form and attach the documents with it and submit it there.
- After submitting the form, the loan process will be continued.
- If your loan is approved then the loan amount will be transferred to your bank account.
Sundaram Finance Home Loan Login
- To login, you have to first visit the official website of Sundaram Finance.
- On the home page of the website, the option of home loan will appear in the option of Customer Login, click on it.
- The login form will open in front of you on the next page.
- You can log in by entering your Customer ID and Password.
Sundaram Finance Home Loan EMI Calculator
Before applying for a home loan, you should calculate the EMI (Equated Monthly Installment) of your loan so that you can know how much you will have to pay at the time of loan repayment. You can visit the official website of Sundaram Finance Home Loan EMI Calculator With the help of this you can calculate the EMI of your loan. EMI mainly depends on the loan amount, interest rate and loan tenure. If you apply for that loan without calculating the EMI of the loan, then you may face difficulties at the time of repayment of the loan.
Sundaram Home Finance Customer Care Number
- Toll Free Number : 1800 419 7722
My Final Word:
In this article we have you Sundaram Finance Home loan Provided complete information about You can understand the complete process of Sundaram Finance Home Loan by reading this article.
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FAQs on Sundaram Finance Home Loan
Q. What is the home loan interest rate of Sundaram Finance ?
Ans. The interest rate of this home loan starts from 8.60% per annum.
Q. What is the loan tenure of Sundaram Finance Home Loan ?
Ans. 25 years.
Q. How can I get a home loan from Sundaram Finance ?
Ans. You have to apply for this home loan. You can apply for this loan by reading this article.
Q. What is Sundaram Finance Home Loan ?
Ans. When any person takes a loan to fulfill his dream of home, it is a home loan. Like other banks and financial institutions, Sundaram Finance also provides home loan facility to its customers.