Home First Finance Company Home Loan for Bank Employees

The HomeFirst Finance Company home loan scheme is offered to bank employees wanting to own their dream homes. With HomeFirst Finance Company home loans for bank employees, there is no requirement to show proof of income. With competitive interest rates starting at 8.00% per annum, bank employees can avail of a home loan and choose a repayment tenure of up to 25 years. Whether the bank employee is looking forward to purchasing a home or adding another floor to the current property, HomeFirst Finance Company caters to both requirements. The home loan applicant can avail of a home loan of up to 90% of the property’s value and choose to pay in flexible EMIs. Keep reading further to know more about the HomeFirst Finance Company home loan for bank employees.

HomeFirst Finance Company Home Loan For Bank Employees – Highlights

Let us take a look at the attractive highlights of the HomeFirst Finance Company home loan for bank employees:

HomeFirst Finance Company Home Loan For Bank Employees – Fees & Charges

The schedule of charges includes various fees associated with HomeFirst Finance Company  home loans for bank employees:

There are no charges for part-prepayment or foreclosure on the Home; in case of a bounced cheque, ECS, or ACH transaction, a cheque return charge of INR 500 plus applicable GST per instrument will be levied. For delayed payments, pre-EMI/EMI bounce charges are Rs. 500 plus 18% GST per bounce, with a default penalty of 2% per annum compounded monthly. 

HomeFirst Finance Company Home Loan For Bank Employees – Documents Required

Following are the documents required for the bank employee to avail of a HomeFirst Finance Company home loan for bank employees:

• Identity Proof
• Address Proof
• Passport Sized Photographs
• Income Proof
• Last 6 month’s bank statements

HomeFirst Finance Company Home Loan For Bank Employees – Eligibility Criteria

HomeFirst Finance Company has an eligibility criteria that has to be met by the bank employee:

• Eligible applicants include Indian residents, NRIs, and PIOs, whether salaried professionals or self-employed individuals. 
• A credit score of 750 or higher is preferred
• Income requirements may vary depending on individual cases.