Home Loan
Edelweiss Housing Finance Ltd. is a housing finance company that offers Home Loan solutions for purchase, construction, repair and renovation of homes. Edelweiss Housing Finance Ltd. offers quick Home Loans to customers from both self-employed and salaried segment. Our strength is in our ability to closely understand our customer’s needs and repayment ability and customise our Home Loan offerings to suit their need.
We also have an Assessed Income Program under which we provide Home Loans to customers who might not have formal income documents available. Each Home Loan offer is made after assessing the applicant through field investigation and cash flow assessment. Under Assessed Income program we offer big and small Home Loans of up to 25 lacs subject to eligibility as computed by Edelweiss Housing Finance Ltd.
Edelweiss Housing Finance Ltd. is one of the best Housing Finance Companies in India having a vast and growing network of branches catering to more than 800 talukas. Our amiable and solution oriented staff is trained in ensuring a fast and seamless customer experience with the help of the robust technological infrastructure in our branches.
Edelweiss Housing Finance Ltd. offers attractively priced products which capture the individual details of each customer through a customised credit underwriting model.
Edelweiss Housing Finance Ltd. is offering Home Loan Balance Transfer facility to help customers lower their EMI cash outflows and also avail of attractive Top Up facilities subject to their eligibility.
| Salaried Individuals | Self-Employed Individuals |
|---|---|
| Latest salary slip or salary certificate | Last 2 years Income Tax returns duly certified by CA |
| Form No.16 or PF statement or appointment letter in case of Cash Salary | Last 2 Years Balance Sheet and Profit and Loss A/C with Annexures and Schedules |
| Any other documents, as may be required | Any other documents, as may be required |
| Passport size Photograph | |
| Identification Proof | |
| Age Proof | |
| Bank statement / Passbook copy for last 3-6 months | |
Overview
We offer Loans for the following purposes-
- For purchase and construction of house (Home Loan-HL)
- Repair and renovation of dwelling units (Home Improvement Loan- HIL)
- Plot Purchase and Construction thereon (PCL)
- Loan against Property (LAP)
- Balance Transfer Facility of existing Home Loans from other Financial Institutions (BT)
Our strength is in our ability to closely understand our customer’s repayment ability and customise our Home Loan offerings i.e. interest, duration/tenor, loan amount for Home Loan as per the convenience of customers. At Edelweiss Housing Finance Ltd. we also offer Home Loans to customer segments where formal income documents may not be available, and each loan offer is made after assessing the applicant through field investigation and cash flow assessment.
Our LTV range from 50% to 90% depending upon product category with interest rates being calculated based on monthly rests. The Home Loan tenure ranges from small duration Home Loans to longer duration Home Loans ranging from 10 years to 20 years depending upon the product category.
At Edelweiss Housing Finance Ltd we have structured our Home Loan product suite to cater to the following variety of customer segments-
- Employed customers with regular Bank Salary
- Self-employed and Professional customers based on their formal income proof
- Self Employed customers with Assessed Income
- Home Loans for customers with regular bank salaries
- Customized eligibility calculation based on actual repayment ability
- Calculated based on a combination of formal incomes and individual’s asset creation history
Home Loan eligibility is assessed based on factors like customer’s financials, age, vintage, qualification, asset creation, nature of business, continuity of income, financial discipline and savings history etc. Home Loans are assessed after:
- Detailed field investigation
- Cash flow assessment
- Scrutiny of business financials
Our Home Loan Eligibility calculator helps in analysing eligibility on the basis of certain criteria.
The Rate of Interest for Home Loan varies depending on individual credit assessment of customers with the help of Home Loan EMI calculator and is at the sole discretion of Edelweiss Housing Finance Ltd Limited.
|
GRANTED TO INDIVIDUAL HOME LOAN BORROWERS |
||||
|
HOUSING LOANS |
Min % |
Max % |
Wt. Avg % |
Mean % |
|
Q1 FY 23 |
10.00 |
13.95 |
11.45 |
11.48 |
|
Q2 FY 23 |
9.50 |
16.45 |
11.33 |
11.80 |
|
Q3 FY 23 |
9.50 |
16.00 |
11.52 |
11.70 |
Overview
We offer Loans for the following purposes-
- For purchase and construction of house (Home Loan-HL)
- Repair and renovation of dwelling units (Home Improvement Loan- HIL)
- Plot Purchase and Construction thereon (PCL)
- Loan against Property (LAP)
- Balance Transfer Facility from other Financial Institutions (BT)
At Edelweiss Housing Finance Ltd. our strength is in our ability to closely understand our customer’s needs and repayment ability and customize our Home Loan offerings to their needs. Being one of the best Home Finance companies in India. We offer loans to customer segments where formal income documents may not be available and each loan offer is made after assessing the applicant through thorough field investigation and cash flow assessment.
Our LTV range from 50% to 90% depending upon product category with interest rates being calculated based on monthly rests. The Housing Loan tenure ranges from 10 years to 20 years depending upon the product category.
We at Edelweiss Housing Finance Ltd. have also structured our Home Loan product suite to cater to the other customer segments-
- Products for Employed customers with Cash Salary / Self Employed customers with Assessed Income
- Products for Employed customers with regular bank salaries / Self- employed and Professional customers based on their formal income proof
√ Home Loans for Self-employed and Professional customers based on their formal income proof
√ Home Loans for Self Employed customers with Assessed Income program
√ Customized eligibility calculation based on actual repayment ability
- Calculated based on a combination of formal incomes and individual’s asset creation history
Home Loan eligibility is assessed based on factors like customer’s financials, age, vintage, qualification, asset creation, nature of business, continuity of income, financial discipline and savings history etc. Home Loans are assessed after:
- Detailed field investigation
- Cash flow assessment
- Scrutiny of business financials
Home Loan Eligibility calculator helps in analysing eligibility on the basis of certain criteria.
The Rate of Interest for Home Loan will vary depending on individual credit assessment of customers with the help of Home Loan EMI calculator and is at the sole discretion of Edelweiss Housing Finance Ltd.
|
GRANTED TO INDIVIDUAL HOME LOAN BORROWERS |
||||
|
HOUSING LOANS |
Min % |
Max % |
Wt. Avg % |
Mean % |
|
Q1 FY 23 |
10.00 |
13.95 |
11.45 | 11.48 |
|
Q2 FY 23 |
9.50 |
16.45 |
11.33 |
11.80 |
|
Q3 FY 23 |
9.50 |
16.00 |
11.52 |
11.70 |
PMAY
The Pradhan Mantri Awas Yojana (PMAY) is a government-backed housing scheme that aims to provide affordable housing finance to the urban and rural poor community of India. Launched in June 2015, the PMAY scheme provides interest subsidy through Home Loans. The interest subsidy depends on the economic category of the beneficiary and is limited by a maximum cap. Also known as CLSS (Credit Linked Subsidy Scheme) it is available only up to the maximum loan value set for each category.
Beneficiaries can be identified under two economic categories, i.e. LIG (Low Income Group), and EWS (Economically Weaker Section) for interest subsidy benefit transfer. Customers need to meet the minimum eligibility requirements to be able to apply for the benefits under this scheme.
