Home First Finance Company Home Loan for Senior Citizens and Pensioners

Home First Finance Company is a renowned provider in the housing finance sector. Dedicated to making homeownership accessible for a broad spectrum of customers, the company also offers home loans to senior citizens. Home First Finance Company home loan for senior citizens allows applicants up to age 65 to secure home financing, possibly extending the loan tenure up to 25 years when including co-applicants. The company prides itself on a streamlined, paperless process, ensuring that getting a home loan is hassle-free and efficient. With features like no prepayment penalties and various loan tenure options, Home First offers its services to meet the unique needs of older customers.

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Written By
Utsah Sharma
Utsah Sharma
Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.
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 Senior Citizen – Highlights 

Here are the highlights of Home First Finance Company’s home loan for senior citizens and pensioners:

Feature Detail
Age Limit Up to 65 years
Loan Tenure Up to 25 years with co-applicants
Fees Processing fee + GST, no prepayment penalties

Home First Finance Company Home Loan for Senior Citizen – Fees and Charges 

Home First Finance Company charges a processing fee and GST for senior citizen home loans. Additional costs may include stamp duty, e-filing, and CERSAI filing charges. There are no prepayment penalties for such loan schemes.

Home First Finance Company Home Loan for Senior Citizen – Documents Required 

For a Home First Finance Company senior citizen home loan, required documents include identity and address proofs (like Aadhaar and PAN), income evidence for salaried or self-employed individuals, and property insurance documents. Co-applicants must also provide the same documentation.

Home First Finance Company Home Loan for Senior Citizen – Eligibility Criteria 

Home First Finance Company provides home loans to senior citizens up to 65 years old. Eligibility criteria include mandatory property insurance and the possibility of adding co-applicants to strengthen the application. The process supports long tenures of up to 25 years for added flexibility.

Frequently Asked Questions (FAQs)

What is the new Home First Finance Company home loan scheme for senior citizens?

Home First offers special home loans for older people, with terms of up to 25 years. To make it easier, more than one person can apply together.

What is the maximum age limit for a Senior Citizen Home Loan at Home First Finance Company?

The maximum age limit for a Senior Citizen Home Loan at Home First Finance Company is 65 years.

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