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Disclaimer: Equitas Small Finance Bank is not a Paisabazaar partner and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to Equitas Small Finance Bank for home loans. No offers/services from Equitas Small Finance Bank are being provided by Paisabazaar for home loans. For further information about Equitas Small Finance Bank for home loans, users are required to reach out directly to Equitas Small Finance Bank.
| Equitas Small Finance Bank Home Loan Highlights | |
| Interest rate | 10.50%-15.50% p.a. |
| Loan amount | Up to Rs 3 crore (up to 90% of the property value) |
| Repayment tenure | Up to 20 years |
| Processing fee | Up to 2% of the loan amount |
| LTV Ratio | Up to 90% of property value |
Note: Interest rates as of 6th November 2024
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Table of Contents
Equitas Small Finance Bank Home Loan Interest Rate
| Type of Home Loan | Effective Rate of Interest |
| Micro Home Finance | 15.50% p.a. |
| Other Home Loans | 10.50%-15.50% p.a. |
The above-mentioned rates are fixed for three years and floating thereafter.
The final home loan interest rates offered to the home loan applicant would vary according to the credit score, monthly income, job profile, employer’s profile, etc. of the loan applicant.
Apply for Home Loan at Attractive Interest Rates Click Here
Also Check: Home Loan EMI Calculator
Equitas Small Finance Bank Home Loan Fees and Charges
Processing Fees
Equitas Small Finance Bank charges a processing fee of up to 2% of the loan amount.
Foreclosure and Part-prepayment Charges
| Foreclosure charges | Fixed rate of interest: 2% on the outstanding principal amount
Floating rate of interest: NIL |
| Part-prepayment Charges | NIL (on both fixed and floating rate of interest) |
Other Fees and Charges
| Admin fee | 0.15% |
| Login fee | Rs 1,500 for cases upto 5 lacs and Rs 3,000/- for cases more than Rs 5 lakh |
| Cersai Charges | Rs 50 for all loans up to Rs 5 Lakhs and Rs 100 for all other loans |
| Cheque bounce charges | Rs 500 |
| Delayed payment charges | 24% per annum for the delayed days from EMI bounced date till the date of payment |
| Documentation charges | Rs 1150 |
| Field visit charges | Rs 250 per visit for EMI collection |
Apply for Home Loan at Attractive Interest Rates Click Here
Comparison of Home Loan Interest Rates offered by Various Banks/HFCs
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
| SBI | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | Apply Now |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| LIC Housing Finance | 8.50% - 10.35% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Apply Now |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Apply Now |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Apply Now |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Apply Now |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Apply Now |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Apply Now |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Apply Now |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Apply Now |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Apply Now |
Compare Home Loan Schemes Offered by Top Lenders Compare Now
Equitas Small Finance Bank Home Loan Eligibility Criteria
The individual applying for Equitas Home Loan should either be salaried or self-employed. In addition to this, Equitas Small Finance Bank may also consider the credit score, occupation profile, employer’s profile, etc of its home loan applicants, as used by many lenders for evaluating the home loan eligibility of its applicants.
Equitas Small Finance Bank Home Loan Documents Required
Equitas Small Finance Bank has not specified the list of documents required for availing Equitas Home Loan. However, just like any other bank/NBFC/SFB, Equitas Small Finance Bank may also ask for KYC/Income/Property documents such as Adhaar Card, PAN Card, Voter ID card, salary slips of the last 3 months, balance sheet, profit and loss statement, rent agreement etc, from its home loan and home loan balance transfer applicants.
Apply for Home Loan at Attractive Interest Rates Click Here
Equitas Small Finance Home Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395