Any individual engaged in employment or any profession or self-employment can apply for the loan. Loan eligibility is determined by various factors like age,number of dependents,saving history, assets, liabilities, and business/employment stability

Note: Non-Individual Entities like Partnership Firms,Private & Public Limited Companies cannot be the applicant or owner of the property.

• The interest rate we offer is a Hybrid (Semi-Fixed) rate. For the first three years, the interest rate will remain fixed.
• After this period, the rate will become variable and will be revised in line with changes to the HHF PLR (Prime Lending Rate).

• EMI stands for Equated Monthly Installment. It is the fixed amount a borrower pays to HHF every month until the loan is fully repaid. Each EMI includes both principal and interest components.
• The EMI typically commences once the full loan amount is disbursed. However, in cases of partial disbursement (such as for under-construction properties), the borrower may be required to pay pre-EMI interest—this is the interest only on the disbursed amount—until full disbursement is made and regular EMIs begin.

Interest is payable on partly disbursed loans and must be paid every month on the amounts cumulatively disbursed till the loan is fully disbursed. This Interest is known as Pre-EMI.

• The primary security is the first mortgage of the property to be financed.
• Title deeds need to be deposited with us.
• If required, we may ask for additional security like LIC Policies or a Third-party guarantee.
• The property title should be clear, marketable, free from encumbrances, and to our satisfaction.

Guarantor to loan application is not mandatory. The requirement depends on credit appraisal process on a case-to-case basis.

Own Contribution refers to the difference between the total cost of the property and the loan amount sanctioned by HHF.

• The maximum loan amount depends on your repayment capacity, loan purpose, and property cost/value
• For home loans up to Rs. 30 lakhs, you can borrow up to 90% of the property cost.
• For home loans above Rs. 30 lakhs, you can borrow up to 80% of the property cost.

The maximum loan tenure is determined by the borrower's age and the specific loan product selected.

EMI can be paid through National automated clearing house (NACH)

• Yes, you can prepay your loan (either in full or in part) before the completion of the loan tenure
• However, pre-closure charges will apply if the prepayment is made during the fixed interest rate period. There are no prepayment charges applicable once the loan enters the floating interest rate phase.

The time period within which the loan will get sanctioned depends on the credit appraisal process and would differ from case-to-case basis.

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The PMAY scheme refers to the Pradhan Mantri Awas Yojana, a government initiative launched by the Government of India to provide affordable housing to the urban.

It aims to achieve the vision of "Housing for All".

Maximum Subsidy

1. Rs.1.80 Lakhs in 5 tranches subject to eligibility criteria

Eligibility for PMAY Scheme

1. Income up to ₹9 lakh.
2. Loan value up to ₹25 lakh.
3. Property value up to ₹35 lakh.
4. Woman property ownership.
5. Subsidy at 4.0 % on first ₹8 lakh for a tenure up to 12 years.
6. The carpet area of houses under this component shall be up to 120 sqm.
7. Subsidy to the beneficiaries will be released in 5 equal yearly instalments.
8. The subsidy amount is credited upfront to the loan account, reducing the effective loan amount and EMI.

Encumbrance on a property refers to claims or charges on the property due to liabilities such as unpaid loans and bills. It is critical that during your home search you consider properties which are free of encumbrances of any sort.

The loan will be disbursed, once.

1. All necessary documents to establish clear and marketable title are submitted,
2. Sufficient progress in construction that is proportionate to the own contribution is evident
3. Loan agreements executed and sanction conditions, if any, are satisfied.

The loan will be disbursed in a maximum of 10 tranches, with each tranche being proportional to the progress of the construction of your home.

Yes, you can avail tax benefits on your home loan under the Income Tax Act, 1961. Sec 80C: You can claim a deduction of up to ₹1.5 lakh per financial year on the principal repayment of the home loan.

Sec 24(B): You can claim a deduction of up to ₹2 lakh per financial year on the interest paid on a home loan for a self-occupied property.

Based on Loan product, property documents may differ but typically you will need to submit.

• Title Deed
• Sale agreement
• Construction plan approval
• Tax receipts
• Occupancy certificate
• Encumbrance certificate
• Revenue records like patta, chitta, khasra, khatian etc...

• New Property Loan.
• Resale Home Loan.
• Home Extension Loans.
• Home Improvement Loans.
• Composite Loans.
• Balance Transfer & Top-u.p
• Self-Construction Loan.
• Loan Against Property.

The loans will be extended for properties which are duly approved by the competent authority.

• Mortgage registration depends on the state laws where the loan is taken.
• In Tamil Nadu, a Memorandum confirming Deposit of Title Deeds (MODT) must be registered with the Sub Registrar’s office.
• In Karnataka and Andhra Pradesh, a Simple Mortgage Deed must be registered with the Sub Registrar’s office for housing loans.
• In Maharashtra, a Notice of Intimation must be given to the Registrar.