Hero Housing Finance Home Loan for Bank Employees

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Hero Housing Finance offers specialised home loans to various professional groups. This includes home loans specifically designed for bank employees, providing them with various benefits and competitive interest rates. The Hero Housing Finance Home Loan for Bank Employees aims to facilitate the dream of homeownership for banking professionals, ensuring they have access to financial solutions that meet their unique needs.

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Table of Content

1. Hero Housing Finance Home Loan for Bank Employees Highlights

2. Hero Housing Finance Home Loan for Bank Employees Fees and Charges

3. Hero Housing Finance Home Loan for Bank Employees Documents Required

4. Hero Housing Finance Home Loan for Bank Employees Eligibility Criteria

Read more
Written By
Amrita Sinha
Amrita Sinha
Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal 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 Housing Finance Home Loan for Bank Employees – Highlights 

Hero Housing Finance Home Loan for Bank Employees provides attractive terms and benefits. Below is a summary of the key highlights:

Feature Description
Maximum Loan Amount ₹5 Crores
Maximum Repayment Tenure 30 Years
Interest Rate Starts at 9.50% p.a.
Processing Fees Up to 1% of the loan amount

Hero Housing Finance Home Loan for Bank Employees – Fees and Charges 

Hero Housing Finance ensures transparent fee structures for its home loans. Below are the primary fees and charges:

Fee Type Amount/Rate
Processing Fees Up to 1% of the loan amount
Initial Processing Fees Upto Rs 5000 

Hero Housing Finance Home Loan for Bank Employees – Documents Required 

Applicants need to submit the following documents to avail Hero Housing Finance Home Loan for Bank Employees:

  • Proof of Identity and Age: Aadhar Card, Passport, PAN Card, Driving License, Voter ID Card
  • Proof of Address: Aadhar Card, Passport, Utility Bill, Rent Agreement
  • Income Documents : 
    • Last 2 months’ salary slips (6 months if variable)
    • Latest Form 16, 
    • Bank statements for the last 3 months reflecting salary credits, 
    • Appointment letter with salary breakup if current employment is less than 1 year 
    • Details of current loans, 
    • Bank statements reflecting the last 6 months’ EMI payment/SOA of running loans

Hero Housing Finance Home Loan for Bank Employees – Eligibility Criteria

Here are the eligibility criteria to qualify for the Hero Housing Finance Home Loan for Bank Employees.

  • Applicant must be a bank employee
  • Minimum age for income applicant: 21 years
  • Maximum age at loan maturity: 70 years

Frequently Asked Questions (FAQs)

Can we avail of the PMAY subsidy with a Hero Housing Finance staff home loan?

Yes, eligible applicants can avail of the PMAY subsidy with the Hero Housing Finance staff home loan.

Who is eligible for a Hero Housing Finance staff home loan?

Bank employees who meet the eligibility criteria, such as age, employment tenure, and credit history, are eligible for the Hero Housing Finance staff home loan.

What are the benefits of Hero Housing Finance employee home loan?

The benefits include competitive interest rates, no prepayment charges for floating rate loans, and specialised terms tailored for bank employees.

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