Hero FinCorp Home Loan for Bank Employees

Hero FinCorp Home Loan for Bank Employees is designed to help bank employees easily purchase their dream homes. This loan offers a maximum amount of up to 5 crores and a flexible repayment tenure of up to 30 years. You can benefit from competitive interest rates and a straightforward application process, one of the key features of Hero FinCorp home loan.

One of the key advantages is the simple documentation required, making it convenient to apply. The eligibility age extends up to 70 years for salaried individuals, ensuring a wide range of bank employee applicants qualify.

Hero FinCorp understands the specific needs of bank employees and provides solutions to meet those needs. With a focus on customer service and quick processing times, the Hero FinCorp Home Loan for Bank Employees is an excellent option for those looking to secure a home loan with favourable terms.

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Thejus KS
Thejus KS
A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.
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Piyush Bothra
Piyush Bothra
Chief Financial Officer, Square Yards
Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

Hero FinCorp Home Loan for Bank Employees – Highlights

The key features of the Hero FinCorp Home Loan for bank employees are listed in the table below:

Interest rate 9.50% p.a. onwards
Loan Amount Up to 5 crores
Loan Tenure Up to 30 years
Eligibility  Bank employees between 21 to 75 years of age

Hero FinCorp Home Loan for Bank Employees- Fees & Charges

The fees and charges related to the Hero FinCorp home loan for bank employees are mentioned below:

Fee/Charge Amount
Processing fee Up to 3.5% of loan amount + applicable taxes
Foreclosure charges 5% of the loan amount + GST

Hero FinCorp Home Loan for Bank Employees – Documents Required

Bank employees applying for a Hero FinCorp Home Loan must provide the following documents:

  • Identity, age, and address verification
  • Income proof
  • Details of any current loans
  • Property-related documents (if the property has been selected)

Hero FinCorp Home Loan for Bank Employees – Eligibility Criteria

The eligibility criteria for a Hero FinCorp home loan for bank employees are:

Minimum age requirements:

  • Applicants must be at least 21 years old to generate income.
  • General minimum age: 18 years old.

Maximum loan details:

  • Amount: Up to 5 Crores.
  • Tenure: Up to 30 years.

Frequently Asked Questions (FAQs)

Can we avail of PMAY subsidy with Hero FinCorp staff home loan?

The MIG-I Category offers a 4% interest subsidy for loans up to ₹9 lakh, while the MIG-II Category provides a 3% subsidy for loans up to ₹12 lakh. The house should have a carpet area of 2150 sq. ft. Any Indian citizen in the eligible PMAY categories can use the subsidy to buy, build, or renovate a house.

Who is eligible for a Hero FinCorp staff home loan?

Bank employees above 21 are eligible for a Hero FinCorp staff home loan.

What are the benefits of Hero FinCorp employee home loan?

As an employee, you can benefit from preferential interest rates, faster loan processing, and flexible repayment options with Hero FinCorp. You may also qualify for higher loan amounts based on income and enjoy exclusive staff discounts and special offers.

Bank Wise Home Loan Interest Rate

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