Home First Finance Company Home Loan for Salaried Person

The Home First Finance Company home loan for salaried persons is a multipurpose credit option. Whether you want to purchase, construct, or renovate a home, this financial institution ensures you will get the required financial support with the best internet rates and terms. The Home First Finance Company understand the typical challenges an individual must face to own a house. Thus, applicants can expect customised repayment plans, reduced processing fees, easy-to-meet eligibility criteria, hassle-free documentation, and fast loan approval. To bring life to your aspiration for homeownership, Urban Money presents everything you need to know about this remarkable credit option. We cover details such as Home First Finance Company home loan eligibility for salaried persons, available loan tenure, associated fees, and required documents. Let’s get started!

Get in Touch for Home Loan Expert Advice
Connect with our Home Loan Advisor Now!
  • Personalized Home Loan solutions
  • Expert guidance
  • Application assistance
  • Credit score discussion
  • Home Loan Interest rate comparison
+91
Choose City

Written By
Thejus KS
Thejus KS
A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.
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.

Home First Finance Company Home Loan for Salaried Person – Highlights 

Following are the Home First Finance Company home loan criteria for salaried persons:

Interest rate 8.00% – 17.50% per annum
Loan Amount 90% of the property price
Loan Tenure 25 years
Eligibility  Applicants must have at least 3 years of work experience 

Home First Finance Company Home Loan for Salaried Person – Fees and Charges 

Following are the expected fees and charges of the Home First Finance Company home loan for salaried employees:

Fee/Charge Amount
Login Fees INR 2,500
Prepayment Charges  Nil
Late Payment Penalty  2% per annum compounded monthly
Legal and Valuation Charges As per actual 

Home First Finance Company Home Loan for Salaried Person – Documents Required

Following are the applicable Home First Finance Company home loan documents for salaried persons:

  • KYC Documents: Aadhaar card, PAN card, passport, voter’s ID, driving license, or employer-issued ID card.
  • Residential Documents: Aadhaar card, passport, electricity bill, telephone bill, ration card, or lease agreement.
  • Income Proof: Latest 3-month salary slips, 6-month bank statements, 1-year Form 16, and income tax report.
  • Additional Documents: A completed application form, a cheque for the processing fee, and recent passport-sized photographs.

Home First Finance Company Home Loan for Salaried Person – Eligibility Criteria 

Following are the applicable Home First Finance Company home loan eligibility for salaried persons:

  • Age Limit: You must be somewhere between 23 and 62 years old.
  • Work experience: You need at least 3 years of employment experience.
  • Income Criteria: You must earn a minimum salary of ₹25,000 per annum. 
  • Credit Score: You must have a good CIBIL score, preferably 750 or above.
  • Nationality: You must be Indian or Non-Residential Indian. 

Frequently Asked Questions (FAQs)

What is the repayment term for a Home First Finance Company home loan for a salaried person?

The repayment term for a Home First Finance Company home loan for a salaried person can extend up to 25 years.

What is the minimum age for a Home First Finance Company home loan to a salaried person?

A salaried person must be 23 years old to be eligible for a Home First Finance Company home loan.

What is the minimum and maximum Home First Finance Company home loan amount for a salaried person?

The minimum Home First Finance Company home loan amount for a salaried person is ₹1 lakh, while the maximum loan amount can go up to 90% of your property price.

Loan Offers By Home First Finance Company's

Bank Wise Home Loan Interest Rate

Urban Money