Home Loan - Apply for House Loan  

Benefits of Taking SMFG Grihashakti Housing Loan:

 

Things to Keep in Mind While Applying for a Home Loan

When it comes to applying for a home loan online with SMFG Grihashakti, the entire process is seamless with only the submission of an application form and a few essential documents. Keep in mind the following points while applying for a house loan in India:

• Check your Eligibility: While choosing a lender, go through the basic eligibility criteria to ensure that your profile matches the lender’s expectations.
• Always check for the type of interest rate: Do your research well, and choose a lender who is offering the best interest rate as per your eligibility. At SMFG Grihashakti, we offer floating rates of interest starting from 10% (subject to revision in RPLR as per market trends as well as our policy).
• Choose the best loan tenure: Use our free home loan EMI calculator and select a tenure that is comfortable for you for repayment.
• Down Payment: In India, most lenders including SMFG Grihashakti offer up to 90% of the value of the property you wish to purchase as a loan. The final loan amount offered to you will depend on several factors, including your eligibility and the lender’s policy. Use our free home loan eligibility calculator to get an estimate. Ensure you have the remaining amount available to give as a down payment before applying for the home financing loan.
• Collect all documents: You will need to have all the documents ready – including KYC, income proof, ITR statements, bank statements as well as the documents pertaining to the property you wish to buy. Ensure that all documents have legal, self-authorized information without inconsistencies.

Home Loan Interest Rate

We offer competitive interest rates on house loans as per each applicant’s individual profile and eligibility. The final interest rate offered to an applicant will depend on many factors including credit score & history, repayment capacity, nature & value of property, income, nature of employment, etc.

Documents Required for Home Loan

Once your pre-assessment and eligibility by SMFG Grihashakti have been confirmed, you need to check out the Documents Required for Home Loan.

Here is a home loan document list for easy reference.

Documents pertaining to the property you wish to purchase will also be requested.

*Terms and conditions applicable. Loans are sanctioned at the discretion of SMFG Grihashakti. Please note that Aadhaar numbers should be masked before submission as per regulatory guidelines.

Home Loan Eligibility Criteria

Before you submit your house loan application to SMFG Grihashakti, make sure that you have done the necessary research to check your eligibility to avail of a loan for a home. Common housing loan eligibility criteria include:

For salaried

• Multinational cos / listed public ltd cos/govt.
• Organizations private Ltd cos / closely held or unlisted companies/partnerships/proprietorship firms

For Self-employed

• Self-employed individual businessmen/ sole proprietorship
• Self-employed professionals - doctors /architects / CAs
• Partnership firms
• Private limited companies/ closely held/ unlisted companies

How do I apply for a Home Loan?

Here are the steps below to apply for a housing loan online from SMFG Grihashakti:

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  Step 1:
  Check your eligibility

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  Step 2:
  Check the required documents

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  Step 3:
  Click on the “Apply now” button on this page

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  Step 4:
  Enter the requested information & upload documents carefully.

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  Step 5:
  Our representative will get in touch with you to take the process ahead.

Home Loan Fees and Charges

In addition to interest, here are some of the basic fees and charges applicable while applying for a home loan from SMFG Grihashakti.

For a complete list of additional fees and charges, please visit our page.