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Home First Finance Company Home Loan for Government Employees

Home First Finance Company Home Loan for Government Employees

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The Home First Finance Company home loan for government employees is an appealing credit option. Home First Finance Company recognises the stable income of government workers and offers special benefits to simplify and improve the home loan process for them. Namely, the company is committed to making homeownership accessible to all, focusing on affordable and flexible financial solutions. They cater to various income levels, ensuring that every government employee has the opportunity to own a home. Borrowers can enjoy low interest rates, personalised repayment plans, high loan amounts, and quick fund disbursement. This all-in-one guide details Home First Finance Company's home loan interest rate for government employees, expected eligibility criteria, required documents, and more. For more detailed information, keep reading!

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Table of Content

1. Home First Finance Company Home Loan for Government Employees Highlights

2. Home First Finance Company Home Loan for Government Employees Fees and Charges

3. Home First Finance Company Home Loan for Government Employees Documents Required

4. Home First Finance Company Home Loan for Government Employees Eligibility Criteria

5. Home First Finance Company Home Loan Schemes for Government Employees

Written By

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

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Home First Finance Company Home Loan for Government Employees – Highlights

Here are the Home First Finance Company home loan interest rates for government employees and other highlights:

Interest Rates	8% p.a. onwards
Loan Amount	Up to 90% of the property value
Loan Tenure	25 years or 60 years old, whichever comes earlier
Eligibility	State and central government employees

Home First Finance Company Home Loan for Government Employees – Fees and Charges

Below are the applicable fees and charges associated with the Home First Finance Company home loan for government employees:

Fee/Charge	Amount
Login fees	Rs 2,500 + GST*
Prepayment charges	Nil
Penal Interest Rate	2% per month
Legal & other statutory charges	As per actual

Home First Finance Company Home Loan for Government Employees – Documents Required

The Home First Finance Company home loan documents for government employees are as follows:

Identity Proof: PAN card, passport, voter ID, aadhar card, or driving license.
Address Proof: Aadhar card, driving license, voter ID, passport, utility bills.
Income Proof: Salary slips, Form 16, IT returns, and bank statements.

Home First Finance Company Home Loan for Government Employees – Eligibility Criteria

The following are the applicable eligibility criteria for a Home First Finance Company home loan for central government employees:

Age Range: The applicant must be between 21 and 65 years old.
Income Requirement: The applicant must receive a monthly salary sufficient to cover the loan EMIs.
Credit Score: The applicants must have a good credit score, preferably 700 or above.
Nationality: The applicant must be an Indian citizen.

Home First Finance Company Home Loan Schemes for Government Employees

Let’s examine the applicable schemes regarding the Home First Finance Company home loan for government employees:

Home Loan for Salaried Professionals
Home Construction Loan
Home Extension and Renovation Loan
Home Loan Balance Transfer
Home Loan Top Up

Frequently Asked Questions (FAQs)

How much can a government employee take a home loan from Home First Finance Company?

Government employees can obtain a home loan from Home First Finance Company for up to 90% of the property's value.

Which are the two home loan schemes provided by Home First Finance Company to government employees?

Home First Finance Company offers government employees two primary home loan schemes. These are Home Loan for Salaried Professionals and Home Construction Loans.

What is the maximum age for government employees to repay the Home First Finance Company home loan?

Government employees can repay their Home First Finance Company home loan up to the age of 60 years.

Who is eligible for Home First Finance Company home loan for government employees?

The Home First Finance Company home loan for government employees is available to state and central government employees.

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