Hero Housing Finance Home Loan

Hero Housing Finance Home Loans starting at just 10.00% p.a.

Hero Housing Finance offers a comprehensive home loan solution tailored to meet the diverse needs of prospective homeowners. Read More...

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Hero Housing Finance Home Loan Highlights

Loan AmountUpto ₹5 cr
TenureUpto 20 years
Rate of Interest10% onward
Processing FeeUpto 3% of the loan amount
Max Tenure20 years
Foreclosure ChargesNil

Hero Housing Finance Home Loans Comparison Table

Compare Hero Housing Finance Home loan interest rates with other lenders to find the best deal. See how Hero Housing Finance competitive rates stack up in our comprehensive comparison table.

Name of LenderAmount Up toInterest RateTenure
Axis Bank₹10 cr8.75% OnwardsUp to 20 years

Hero Housing Finance Home Loan EMI calculator

Enter the loan amount, interest rate, and loan tenure into the Hero Housing Finance home loan EMI calculator below to determine your monthly EMI and the total interest due over the loan period.

EMI: ₹63,337.89
Total interest: ₹26,00,546.8
Total principal: ₹50,00,000

Hero Housing Finance Home Loans Eligibility

Hero Housing Finance offers attractive interest rates on home loans starting at 10% p.a. The maximum loan tenure can be up to 20 years, ensuring a comfortable repayment period. The processing fee on these loans is up to 3% of the loan amount plus GST.

Hero Housing Finance Home Extension Loans

Hero Housing Finance Plot Purchase Loans

Hero Housing Finance Home Loan Balance Transfer

Hero Housing Finance Home Extension Loans

Hero Housing Finance offers home improvement loans to help homeowners enhance and renovate their properties. These loans come with competitive interest rates starting from 10% per annum, making them an affordable option for financing home improvements. Borrowers can enjoy flexible repayment tenures of up to 20 years, quick loan approvals, and minimal documentation requirements, ensuring a hassle-free application process. Additionally, Hero Housing Finance provides excellent customer service and support throughout the loan tenure​.

Hero Housing Finance Home Loan Processing Fees and Charges

Hero Housing Finance Home Loan Processing Fees

Hero Housing Finance Home Loan Prepayment charges

Upto 3% of the loan amount

How to Apply for Hero Housing Finance Home Loan?

Prospective borrowers interested in an Hero Housing Finance home loan have the option to apply online either through the bank's official website, as outlined below:
Apply here

Via the Hero Housing Finance Official Website

  1. Visit the Hero Housing Finance Home Loan official website.
  2. Click on Apply now
  3. Enter the necessary details to determine the eligible loan amount.
  4. Complete the required information on right side and tap "Submit".

Documents Required for Hero Housing Finance Home Loan

Following is the list of documents required for different categories of customers


Hero Housing Finance Home Loan list of documents for Salaried

Hero Housing Finance Home Loan list of documents for Self-employed professionals

Hero Housing Finance Home Loan list of documents for Self-employed

Hero Housing Finance Home Loan list of documents for Farmers

Hero Housing Finance Home Loan list of documents for NRIs

Hero Housing Finance Home Loan list of documents for Salaried

  1. Identity and residence proof (KYC), such as an Aadhaar, PAN card, or Voter ID card.
  2. Income proof, such as the last 3 months salary slip, the latest Form 16, and a six-month bank statement.
  3. A Cheque for The Processing Fee for The Loan Application.
  4. Property Documents Such as Sale Deed, NOC From the Builder or Housing Society, Advance Payment Receipt to The Builder, And Approved Construction Plan.

Property Related Documents

For New Home
  1. Allotment letter copy/Buyer agreement
  2. Payment receipt made to the developer
For Resale Home
  1. Title deeds including previous chain of property documents
  2. Agreement to sell copy
  3. Initial payment receipt made to the seller
For Construction
  1. Title deed of plot
  2. Copy of the plan approved by Local Authorities
  3. No encumbrance proof on the property
  4. The total estimate of construction by a Civil Engineer/Architect

Hero Housing Finance Home Loan FAQ’S

Here are some of the frequently asked questions with regards to Hero Housing Finance Home Loan

Hero Housing Finance offers home loans starting from 10% p.a., varying based on the applicant's credit profile.
You can determine the interest cost using the Hero Housing Finance Home Loan EMI Calculator. Simply input your loan amount, tenure, and interest rate into the calculator to obtain instant results.
Hero Housing Finance adjusts its housing loan rates in accordance with the repo rate. Changes in the repo rate prompt adjustments in the rates for existing Hero Housing Finance home loan borrowers. Additionally, Hero Housing Finance may modify the spread over benchmark rates during special or festive home loan offers.
Co-owners of the property must also be co-applicants for the Hero Housing Finance Housing Loan. However, not all co-applicants need to be co-owners; close family members are typically permitted as co-applicants.
Yes, partial or full prepayment of your home loan amount is allowed before the loan tenure ends. Hero Housing Finance does not impose prepayment charges on home loans with floating interest rates.
You can reduce your Hero Housing Finance Housing Loan interest rate by transitioning from a higher interest rate to a lower one. Hero Housing Finance charges a conversion fee for rate reductions, or alternatively, you can transfer your home loan to another lender offering lower rates.
Kotak Mahindra Bank does not levy prepayment fees on home loans with floating interest rates. For fixed-rate home loans, prepayment incurs a fee on the outstanding loan amount plus applicable taxes, except when using own sources for pre-closure.
After property and document verification and completion of the 'own contribution' or down payment, Hero Housing Finance sanctions the home loan. Disbursement can be requested online or offline and is contingent on construction progress.
Yes, your spouse's income can bolster your home loan eligibility. Your spouse must provide income documents to Hero Housing Finance for consideration.
While Hero Housing Finance doesn't specify a minimum credit score, it offers lower rates to applicants with scores of 750 and above.
Yes, you can apply for pre-approved home loan facilities based on your financial status, creditworthiness, and income. Property selection must occur within 6 months of loan sanction.
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