Home
Home Loan
Home First Finance Company
Home First Finance Company Home Loan for Salaried Person

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

Full Name

+91Mobile No.

Choose City

You hereby consent to Urban Money being appointed as your authorised representative to receive your Credit Information from CIBIL for the purpose of Credit Risk Assessment. You hereby agree to terms and conditions.

Table of Content

1. Home First Finance Company Home Loan for Salaried Person Highlights

2. Home First Finance Company Home Loan for Salaried Person Fees and Charges

3. Home First Finance Company Home Loan for Salaried Person Documents Required

4. Home First Finance Company Home Loan for Salaried Person Eligibility Criteria

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 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.

Loans

Bank Wise Home Loan Eligibility Calculator

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.