Gruh Finance Home Loan Bangalore | Apply online for lowest rate of interest home loan
Gruh Finance Limited is a housing finance company and is a subsidiary of HDFC Ltd. It provides loans for the purchase, construction, renovation and repair of the housing units. The company has a wide network of 152 offices across 8 states in the country.
Features and Benefits of Gruh Finance Home Loan Bangalore
- Gruh Finance Limited offers variable rate of interest, semi fixed rate of interest and fixed rate of interest. The variable rate of interest is linked to the Prime Lending Rate announced by Gruh from time to time.
- There are various home loan products available at Gruh Finance:
- Gruh Suraksha: This is offered for construction or purchase of dwellings in villages, towns and cities for a maximum up to 25 years. The rate of interest is variable and is around 10.15%-12.90%.
- Gruh Suvidha: This loan is offered for the construction or purchase of dwellings in villages, towns and cities for a maximum up to 15 years. The rate of interest charged is around 10.15%-13.50%.
- Gruh Sajavat: It is a loan provided for repair and renovation of the existing dwellings in villages, towns and cities for maximum loan tenure up to 15 years. The rate of interest charged for this loan is between 11.25%-14.00%
- Gruh Samriddhi: This loan is offered to professionals for purchase of offices for their business. The interest rate is in the range of 12.50%-15.25%.
- There are special home loan features offered by Gruh Finance at fixed rate of interest:
- Flexible Installment Plan : Suitable where there are more than one earning member in the family with income earning age ending at different point of time
- Pension Flexible Installment Plan: This product includes pension and salary income of family members where pensioner’s income is considered maximum up to 65 years
- Step Up Repayment Facility: This facility helps to match the expected future increase in the income of a household.
- Gruh Finance offers loan up to maximium75% or 80% or 85% of the property cost linked to the loan amount as per NHB guidelines.
Applying Gruh Finance Home Loan through Home Loan Bangalore
Home Loan Bangalore has joined hands with Gruh Finance to provide quick and hassle free home loan to its clients.
- Home Loan Banglore provides details of the various schemes offered by Gruh Finance Ltd and other major banks. The loan seekers get to compare the features and benefits of the different home loans and choose the best options.
- Home Loan Bangalore has a team of experts which are well versed with the home loan schemes in the market. They provide advisory services to the clients to help them choose the loan that suits their requirements.
- We at Home Loan Bangalore.com also help our clients with the entire documentation process to provide them easy and convenient loan procedure.
Eligibility for Gruh Finance Home Loan in Bangalore - Salaried
Gruh Finance considers following factors to determine repaying capacity of an applicant
- Applicant’s income
- Stability of income
- Assets and liabilities
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