Home First Finance Company Home Construction Loan

Home First Finance Company Construction Loan is a trusted financial aid dedicated to making homeownership dreams a reality. Specialising in providing hassle-free housing loans, HFFC caters to a wide range of customers, including salaried professionals, self-employed individuals, and those without formal income proofs. The Home First Finance Company Home Construction Loan is tailored to support individuals in building or renovating their homes. It ensures quick approval and flexible loan amounts to cover up to 85% of construction costs. With competitive interest rates and a commitment to customer satisfaction, HFFC stands out as a reliable partner in your journey to creating a perfect home.

Home First Finance Company Home Construction Loan –  An Overview

Here is a highlights table with key information about Home First Finance Company Home Construction Loan:

Home First Finance Company Construction Loan Interest Rates

The following table outlines the interest rates for Home Construction Loans provided by Home First Finance Company, which vary depending on the borrower’s credit profile and loan specific:

Home First Finance Company Construction Loan Fees And Charges

Here are the fees and charges associated with the Home First Finance Company Construction Loan:

• Login Fees: Rs 2,500 + GST* (18.00% GST applies)
• Stamp Duty: Varies based on location
• E-filing Charges: Applicable
• CERSAI Filing Charges: Applicable
• Other Statutory Dues: Applicable based on location

*These charges are in addition to the processing fees and depend on the specific details of the loan and its location.

Home First Finance Company Construction Loan Eligibility Criteria For Salaried and Self-Employed

Home First Finance Company offers construction loans to all individuals, regardless of income level. Your eligibility depends on various factors, including:

• Current Family Income: Combined income of all earning family members.
• Credit History: Past credit performance.
• Existing Financial Obligations: Any other loans or debts.

You can also use the HomeFirst home loan eligibility calculator to determine your eligibility, or you can leave your contact details on their website for further assistance. The Urban Money home loan eligibility calculator is also a helpful tool. The lender evaluates your income and repayment capacity, ensuring your EMI does not exceed 50% of your monthly income.

Home First Finance Company Construction Loan Documents Required For Salaried and Self-Employed

Here’s the scoop on the documents you’ll need:

• Loan Application
• Identity Proof (any one)
• Address Proof (any one)
• Photograph

Income Proof

• For Salaried: Latest 3 months’ salary slips, latest Form 16, and recent ITR.
• For Self-Employed: Latest 3 years’ ITR, Profit & Loss statement, balance sheet, and proof of business for the last 3 years.
• Bank Statements: Last 6 months.

For NRIs

• Visa stamped Passport.

Property Details

• Have detailed property documents ready, including house size, construction resources, and contractor details.

Features Of Home First Finance Company Construction Loans

The salient features of Home First Finance Company are as follows:

• Maximum Loan Amount: Up to 90% of the property value can be provided, with a tenure of up to 25 years.
• Auto-Prepay: Allows pre-payments in addition to EMI with no pre-payment charges for existing customers.
• Loan Enhancement: Additional amounts can be added to your existing loan for unexpected expenses or increased property value.
• Flexible Home Loans: Tailored for various purposes like building or adding floors to your home.
• Dedicated Relationship Managers: You have a single point of contact throughout the loan process who is always available to assist.