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| Easy Home Finance Limited Home Loan Highlights – 2025 | |
| Interest Rate | 8.95% p.a. onwards |
| Loan Repayment Tenure | Up to 20 years |
| Processing Fee | Rs 10,000 |
| Loan Process | End-to-End Digital and 100% Paperless process |
| Collateral/Security | Immovable property owned by the applicants |
| Doorstep Service | Available |
| Co-applicants Options | Need not be co-owners, can be husband/wife, father/son, etc. |
| Turnaround Time of Application’s Approval | 5 Working Days (Subject to credit verification checks) |
| Tax Benefits under Home Loan | Can be availed under the Income Tax Act, 1961. |
Updated as on 3 February 2025
Features of Easy Home Loans
Easy Home Loan Interest Rates
EHFL home loan interest rates start from 8.95% p.a. The lender has not specified its differential interest rates based on the credit score, repayment history, job profile, employer’s profile, etc. However, like other lenders, the HFC may consider the above factors while setting home loan interest rates of their applicants.
Easy Home Loan – Loan Amount
Easy Home Finance has not yet specified the minimum or maximum limit for its home loan amount. However, most housing loan companies determine the loan amount based on the applicant’s loan repayment capacity. On the other hand, some housing loan companies calculate the maximum home loan eligibility using the Multiplier Method.
The qualifying loan amount is established by multiplying the applicant’s net monthly income by a predefined factor. Usually, loan amounts are offered up to 72 times the applicant’s gross monthly income or, for non-salaried applicants, 6 times their gross annual income.
Easy Home Loan Tenure
The repayment tenure offered by EHFL is up to 20 years. However, the repayment term should not stretch out past 65 years old or the retirement age, whichever is prior.
Easy Home Loan Fees & Charges
Easy Home Finance charges a processing fee of Rs 10,000. Besides processing fee, the HFC has not yet mentioned any specific fee and charges applicable for the loan but lenders usually levy processing fees, documentation charges, administrative fees and other event-based charges including penal charges, conversion fee, etc. Also, before availing the loan also check for the preclosure/prepayment charges and related conditions, if any.
Individuals thinking of applying for home loan with Easy Home Finance can take help from the Home Loan EMI Calculator to determine the total interest cost and EMI by entering their interest rate, loan amount and repayment tenure. They can also find their optimum tenure after factoring in their interest cost and loan repayment capacity.
Easy Home Finance EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Eligibility Criteria to Apply for Easy Home Loan
The eligibility criteria as defined by Easy Home Finance is below mentioned:
- Age: 18 years at time of loan application and 70 years at time of loan maturity
- Applicant shall be salaried or self-employed
- Indian residents or Non Resident Indian (NRI) are eligible
Documents Required to Avail EHFL Loans
Easy Home Finance has not revealed the complete list of documents required for making the loan application. However, lenders offering home loans usually require their applicants to furnish these documents:
- Identity Proof – Aadhaar Card, PAN Card, Driving License, etc.
- Age Proof – Aadhaar Card, Voter ID, Driving License, etc.
- Current Residence Proof – Voter ID, Rent Agreement, Aadhaar Card, etc.
- Bank account statements