Disclaimer: Nido Home Finance 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 Nido Home Finance for home loans. No offers/services from Nido Home Finance are being provided by Paisabazaar for home loans. For further information about Nido Home Finance for home loans, users are required to reach out directly to Nido Home Finance.
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Nido Home Finance Home Loan Highlights |
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| Interest Rate | Depends on the applicant’s credit profile |
| Loan Amount | Up to Rs 25 lakhs |
| Loan Tenure | 10 years to 20 years |
| Processing Fees | Up to 2% of the loan amount |
Updated as of 11 November 2024
Table of Content
Nido Home Finance Interest Rates
Nido Home Finance has not disclosed the interest rates for home loan. However, the HFC has specified the Annual Percentage Rate (APR) @ 12.26% p.a. The APR of a home loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination.
The lender may consider the credit score, monthly income, employment profile, employer’s profile, loan amount, etc. of its home loan applicants while setting their home loan interest rates, just like many lenders do. The home loan interest rates offered by the housing finance company are floating, fixed and partially fixed partially floating in nature.
Compare Interest Rates of Home Loans for Top 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. | Check Eligibility |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| LIC Housing Finance | 8.50% - 11.25% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Check Eligibility |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Check Eligibility |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Check Eligibility |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Check Eligibility |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Check Eligibility |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Check Eligibility |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Check Eligibility |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Check Eligibility |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Check Eligibility |
Compare Home Loan Schemes Offered by Top Lenders Compare Now
Nido Home Finance Fees and Charges
Part-Prepayment/Foreclosure Charges
| Particulars | Charges |
| Fixed Rate Loans | · 3% of the outstanding loan amount
· NIL, if paid from own sources |
| Floating Rate Loans | NIL |
Processing Fees & Other Charges
| Particulars | Charges |
| Processing Fees | Up to 2% of the loan amount |
| Charges for late payment | 2% per month for the number of days delayed in EMI/PEMI payment from due date |
| CERSAI Fees | Rs 50 (for loans up to Rs 5 lakhs) |
| Rs 100 (for loans above Rs 5 lakhs) | |
| Stamp Duty | As per applicable law of the state |
| Cheque Bounce Charges | Up to Rs 500/bounce |
| Cheque Swap Charges | Up to Rs. 500/swap |
| Document Retrieval Charges | Up to Rs 500 |
| Duplicate Statement issuance | NIL |
| Cheque Pick up Charge | Up to Rs 150/pick up |
| Repayment | Rs 500 |
Check Lenders Offering Home Loan at Attractive Interest Rates Click Here
Types of Nido Home Finance Home Loan
Nido Home Finance offers the following variants of home loans:
- Home Loan (HL) – for purchase and construction of house
- Home Improvement Loan (HIL) – for repair and renovation of dwelling units
- Plot Purchase and Construction (PCL) – for purchasing a plot and constructing house on the purchased plot
Existing home loan borrowers can transfer their existing home loans to Nido Home Finance (known as Edelweiss Housing Finance) through the Balance Transfer Home Loan facility.
Eligibility Criteria for Nido Home Finance
Nido Home Finance considers the credit score, age, monthly income, nature of business (self-employed applicants), job profile (salaried applicants), etc. of its applicants while evaluating their home loan eligibility. The home loans are assessed after a cash flow assessment, scrutiny of business financials and detailed field investigation. Stated below are the applicants who can apply for home loans:
- Salaried Applicants
- Self-employed and Professional applicants based on their formal income proof
- Self Employed applicants with assessed income
Check Lenders Offering Home Loan With Overdraft Facility Click Here
Nido Home Finance Documents Requirements
Stated below are the documents required for availing home loan from Nido Home Finance:
For Salaried Individuals
- Recent salary slip or salary certificate
- In the case of Cash Salary, Form No.16/Appointment letter/PF statement
- Any other documents as required
For Self Employed Individuals
- Income Tax returns of last 2 years, duly certified by CA
- Balance Sheet and Profit and Loss A/C of last 2 years, with Annexures & Schedules
- Any other documents as required
KYC Documents
- Identification Proof
- Passport size Photograph
- Age Proof
- Last 3 to 6 months copy of Bank statement/Passbook