Hero FinCorp Home Loan for Self Employed

Hero FinCorp home loan recognises the unique needs of self-employed individuals seeking to buy or build their dream home. They offer a range of home loan products specifically designed to accommodate the diverse financial backgrounds of self-employed applicants. With a commitment to simplifying the loan process, Hero FinCorp provides easy documentation, competitive interest rates, and extended loan tenures of up to 30 years.

Obtaining a home loan can often seem hectic for self-employed individuals due to variable income streams. However, Hero FinCorp addresses this challenge by offering up to 50% higher loan amounts and possibly reducing EMIs by up to 20%. Their eligibility criteria are flexible, accommodating ages up to 75, ensuring that more people can qualify for a loan.

Hero FinCorp focuses on enabling self-employed clients to achieve their homeownership goals efficiently, supported by a foundation of trust and customer-centric service. Whether for personal or commercial property, Hero FinCorp stands as a reliable partner in your journey to owning a home.

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Written By
Kirti Bansal
Kirti Bansal
Kirti Bansal is an esteemed financial expert and accomplished writer, specializing in a range of financial topics, including Financial Services, Investments, Loan Assessments, Mutual Funds, and Banking. With a wealth of experience in the financial industry, she has earned a reputation as a trusted voice! Her expertise serves as a beacon for those navigating the intricacies of finance.
Reviewed By
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 Self-Employed – Highlights

The main features of the Hero FinCorp Home Loan for self-employed are given below in the following table:

Interest rate 9.50% p.a. onwards
Loan Amount Up to 5 crores
Loan Tenure Up to 30 years
Eligibility  Self-employed individuals between 21 and 75 years of age

Hero FinCorp Home Loan for Self-Employed – Fees & Charges

The following details the fees and charges associated with the Hero FinCorp home loan for self-employed:

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

Hero FinCorp Home Loan for Self-Employed – Documents Required

The necessary documents for self-employed persons seeking a Hero FinCorp Home Loan are:

  • Verification of identity, age, and residence
  • Proofs of income
  • Information on existing loans
  • Documents related to the property (if the property has been identified)

Hero FinCorp Home Loan for Self-Employed Person – Eligibility Criteria

The eligibility criteria for a Hero FinCorp home loan for self-employed individuals are:

Age limit criteria at loan maturity:

  • Up to 75 years of age.

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)

What is the repayment term for Hero FinCorp home loan for self-employed?

The maximum repayment term for a Hero FinCorp home loan for self-employed is 30 years.

What is the minimum age for Hero FinCorp home loans for non-salaried persons?

A self-employed individual must be at least 21 to apply for a Hero FinCorp home loan.

What is a non-salaried person's minimum and maximum Hero FinCorp home loan amount?

A self-employed individual can secure up to Rs 5 crores in a home loan from Hero FinCorp.

Bank Wise Home Loan Interest Rate

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