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Disclaimer: SRG Housing 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 SRG Housing Finance for home loans. No offers/services from SRG Housing Finance are being provided by Paisabazaar for home loans. For further information about SRG Housing Finance for home loans, users are required to reach out directly to SRG Housing Finance.
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SRG Housing Finance Home Loan Highlights |
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| Interest Rate | 15.00%-26.00% p.a. |
| Loan Amount | As per the applicant’s profile |
| Loan Tenure | As per the applicant’s profile |
| Processing Fees | Up to 3% of the loan amount |
Note: Rates as of 14 October 2024
Table of Contents
SRG Housing Finance Home Loan Interest Rates
SRG Housing Finance interest rates start from 15.00% p.a. onwards. The home loan interest rates offered by the housing finance are fixed in nature.
| Particulars | Interest Rates (p.a.) |
| Home Loan | 15.00%-26.00% |
Compare Interest Rates on 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. | 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 |
Check Your Home Loan Eligibility with Top Lenders Click Here
SRG Housing Finance Home Loan Fees and Charges
Part-Prepayment Charges
| Particulars | Fixed Rate |
| Part-prepayment or foreclosure | NIL (if foreclosed from own sources) |
| If prepayment through Balance Transfer from other Banks/NBFC//HFC and/or Financial Institution etc. | · If the loan is closed within 12 months of the 1st disbursement: 5% on the outstanding principle amount would be charged and all part prepayments done
· If the loan is closed after 12 months of the 1st disbursement: 3% on the outstanding principle would be charged and all part prepayments done in the last 12 months. |
Processing Fees & Other Charges
| Particulars | Charges |
| Processing Fees | Up to 3% of the sanctioned loan amount |
| CERSAI Fees | Up to Rs 100 |
| Login Fees |
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| Stamp Duty/Non Postal Stamp | As per applicable law of the state |
| Technical Fee /Valuation Fees (per Property) | · For loans up to Rs 15 lakhs: Rs 2,500 (Rs 4,000 in Maharashtra)
· For loans above Rs 15 lakhs: Rs 3,500 (Rs 4,000 in Maharashtra) |
| Late Payment Interest/Penal Interest | 3% p.m. (36% p.a.) for defaulted/delayed on the interest/charges due/instalments |
| Cheque/ECS Bounce Charges/Late Payment Charges (Per Instrument/Transaction) | Rs 500 per instrument |
| Duplicate No dues certificate | Rs. 500 |
| Non-encumbrance Certificate / Search Report (per Property) |
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| List of document (LOD) Charges | Rs 550 |
| Copy of property documents | Rs 550 |
| Duplicate Annual Account statement, provisional certificate | Rs 500 |
| File Cancellation Charges | Minimum Rs 5,500 + Actual expenses incurred |
| Recovery Charges | As actual |
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Types of SRG Housing Finance Home Loan
SRG Home Loan for New Purchase
Home Loan for New Purchase from SRG Housing Finance provide financing for the purchase of a new home.
SRG Home Loan for Construction
Prospective borrowers can avail construction home loans from SRG Housing Finance to construct new house on land/plots already owned by them.
SRG Home Loan for Repair, Renovation & Extension
SRG Housing Finance offers Home Loan for Repair, Renovation & Extension for extending, repairing and renovating their existing properties.
SRG Home Loan for Resale Home Purchase
Home loan applicants planning to purchase previously owned residential properties can avail Home Loan for Resale Home Purchase from SRG Housing Finance.
SRG Home Loan for Plot & Construction
SRG Housing Finance offers a Home Loan for Plot & Construction facility for plot purchase and thereafter financing the construction of residential property on the plot purchased through loan.
SRG Housing Finance Balance Transfer Loan
Existing home loan borrowers can transfer their existing home loans to SRG Housing Finance through the Balance Transfer Home Loan facility. Borrowers can also avail top-up loan, renovation, or repair or construction loan along with a balance transfer.
SRG Housing Finance Top-up Loan
The HFC offers Top-up Loan i.e., an additional loan amount over and above your existing home loan to meet marriage, child’s education, medical, working capital, home renovation or any other personal and professional requirements. This facility is offered to existing home loan borrowers of other lenders.
Eligibility Criteria for SRG Housing Finance
Stated below are the eligibility criteria for availing home loans from SRG Housing Finance:
- The applicant should be Indian Resident
- The home loan is offered to only self-employed and salaried individuals
- The housing finance also consider age, income, tenure and credit score for determining the home loan eligibility of an applicant
SRG Housing Finance Home Loan Documents
Stated below are the documents required for availing home loan from SRG Housing Finance:
For Salaried Individuals
- KYC Documents
- Original and photocopies of Property documents against which home loans is to be taken
- Copy of all bank statements for the last 6 months including front page
- Last 3 months salary slip/salary certificate
- Latest Form – 16 if applicant’s salary is above Rs.10,000/- per month
- Company profile (for lesser known organization)
For Self Employed Individuals
- KYC Documents
- Original and photocopies of property documents against which home loans is to be taken
- Income Tax Returns of last 3 years along with income computation duly attested by a Chartered Accountant
- Balance Sheet and Profit & Loss Account of the firm of last 3 years duly attested by a Chartered Accountant
- Last 1 year bank statement for savings and current account
- Copy of either VAT Registration or Shop & Establishment License or any other mandatory license or registration
- Copy of the Partnership Deed (if Applicable)
- Copy of Tax Deduction certificate / Form – 16A (if applicable)
- Contract Details (if applicable)
- Copy of Advance Tax paid / self-assessment tax paid Challan
- Copy of educational qualification certificate (applicable for professionals)
- Copy of professional practice certificate (applicable for professionals)
KYC Compliance
- PAN Card
- Aadhar Card
- Driving License
- Passport
- Voters ID Card
- Letter from a recognized public authority or public servant verifying the identity and residence of the customer to the satisfaction of company.
- Residence Proof (any one required):
- Telephone bill
- Electricity Bill
- Ration Card
- Bank account statement
- Aadhar Card
- Letter from employer
- Passport and photograph
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How to Apply for SRG Housing Finance Home Loan
Customers can apply for SRG Housing Finance Home Loan by visiting the nearest SRG Housing Finance Ltd. branch. But before you apply for the loan, check your credit score and home loan eligibility to reduce the chances of loan rejection. To improve home loan eligibility, customers can also apply for the home loan jointly.
Check Home Loan EMI Calculator
SRG Housing Finance Customer Care
Customers with home loan related queries and complaints can get them resolved through the following ways:
Call: 1800 121 2399 (toll-free number)
Alternate number: +91-800 374 7666
Email ID: info@srghousing.com
Postal Address of Registered Office:
1046, 10th Floor, Hubtown Solaris,
N.S.Phadke Marg, Near East West Flyover, Andheri (E),
Mumbai, Maharashtra – 400 069
Pgostal Address of Corporate Office:
321 S.M. Lodha Complex, Near Shastri Circle,
Udaipur, Rajasthan, India – 313001
FAQs on SRG Housing Finance
1. What is the maximum loan amount that an applicant can borrow from SRG Housing Finance?
Ans. SRG Housing Finance usually offers home loan in the range of 45% to 75% of the property’s market value. The amount of loan varies from one home loan scheme to another and may vary from Rs. 1 lakh to Rs. 2 crore.
2. What is the repayment period of SRG Housing Finance Home Loans?
Ans. The loan tenure of SRG Housing Finance Home loan repayment period usually ranges from 5 to 15 years. In special case SRG HFCs also offer a 20-year repayment period, usually at a higher interest rate. NRIs can avail the loan for a maximum period of 7 years.
3. How will SRG Housing Finance determine home loan eligibility of a loan applicant?
Ans. Your loan repayment capacity is the primary factor that SRG Housing Finance will look at when considering your loan application. Your lender will have no problem in lending you money if you have regular and stable income to repay it bank on time. To assess your repayment capacity, several parameters are taken into consideration such as your income, age, qualifications, number of dependents, spouse’s income, assets, liabilities, stability and continuity of occupation and savings history.
4. Who all are eligible as co-applicants of the SRG Housing Finance loan?
Ans. All co-owners of the property need to be co-applicants of the loan. And as far as joint home loans are concerned, it is usually taken by husband-wife, father-son or mother-son.