Hero Fincorp Home Loan

Features & Benefits of Hero FinCorp Home Loan

• A home loan with quick documentation. 
• Up to 50% higher amounts. 
• Options for lowering EMIs by 20%. 
• 30-year loan tenures for both self-employed and salaried applicants. 
• The higher age limits up to 75 for self-employed borrowers and pensioners with 70 years for salaried applicants. 

Hero Fincorp Home Loan Overview

Hero Housing Finance is a subsidiary entity of Hero Fincorp and offers home loans at attractive interest rates to customers with several other benefits. You can readily apply for Hero FinCorp home loans throughout the country to buy under-construction or ready to move residential properties or even for constructing, improving or expanding a house. You can choose Hero FinCorp home loan online application options with maximum amounts going up to Rs. 5 crores.

Hero FinCorp Home Loan Eligibility Criteria

Here are some of the Hero Fincorp home loan requirements:

• Age limit (at time of loan maturity) – Up to 70% or retirement for salaried applicants and up to 75 years for self-employed applicants. 
• The minimum age of the applicant should be 18 years. 
• Maximum loan amount- Rs. 5 crore. 
• Thirty years is the highest loan tenure. 
• Monthly income commensurate with the amount applied.  
• Credit score and repayment track record as deemed fit.

Factors Affecting Eligibility

• Gross monthly income
• Loan tenure
• Co-applicant or not
• Profession 
• Purpose of home loan
• Debt to Income Ratio (existing debts against income) 

Hero FinCorp Home Loan Fees & Charges

When you apply online for Hero FinCorp home loans, you will find the applicable charges. They include the following:

Hero FinCorp Home Loan Interest Rates

The bank charges competitive interest rates from 9.50% onwards. The minimum loan amount is Rs. 10 lakh. The loan tenures are up to 30 years for salaried applicants and 20 years for self-employed applicants. The LTV (loan-to-value) ratio is up to 90% of the property value.

Documents Required for Hero FinCorp Home Loan

The following documents required for Hero FinCorp home loans are a must:

How does the EMI Calculation Work for Hero FinCorp Home Loans?

The EMI calculation is a simple procedure for availing Hero FinCorp home loans. Just enter the rate of interest, tenure and home loan amount. It will give you the EMI results that you require.

Balance Transfer Hero FinCorp Home Loan

There are three balance transfer or home loan top-up programs at Hero FinCorp. Government employees can get 30-year (maximum tenure) home loans with a maximum age limit of 60 years. The LTV is 90% for loans up to Rs. 30 lakh, while it is 80% for loans between Rs. 30-75 lakh and 75% for loans higher than Rs. 75 lakh. The same applies to other borrowers and pensioners as well. There are several attractive balance transfer offers available at Hero FinCorp.

Hero FinCorp Home Loan Customer Care Number

You can contact this number- 1800 212 8800. It is the customer care number at Hero FinCorp