Equitas Small Finance Bank understands that owning a home is not just about providing a secure haven—it’s also a smart investment move. By offering home loans with competitive rates starting @10.50% p.a. and financing up to 90% of your property’s cost, Equitas Small Finance Bank creates a seamless and reliable path to homeownership.
Tailored to meet the needs of both families and investors, Equitas Small Finance Bank home loan interest rates pave the way for turning your property dreams into reality.
Equitas Small Finance Bank Home Loan Interest Rates by Employment
Equitas Small Finance Bank adjusts home loan interest rates based on whether you’re salaried, self-employed, or have a professional practice. Below is a quick look at how your employment type can influence your rate.
Equitas Small Finance Bank Home Loan Interest Rates for Salaried Employees
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Home Loan For Salaried | 10.50% p.a. onwards |
Equitas Small Finance Bank Home Loan Interest Rates for Self Employed
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Home Loan For Self Employed | 10.50% p.a. onwards |
Equitas Small Finance Bank All Schemes Home Loan Interest Rates
Equitas Small Finance Bank offers multiple home loan schemes, each with its own interest rate structure and features. Here’s an overview of the current rates for various Equitas Small Finance Bank schemes.
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Equitas Small Finance Bank Home Loan | 10.50% p.a. – 19.00% p.a. |
| Equitas Small Finance Bank Loan Against Property | 10.75% p.a. – 24.00% p.a. |
Check: Equitas Small Finance Bank Home Loan Eligibility Calculator
All Schemes Offered by Equitas Small Finance Bank: A Detailed Overview
Equitas Small Finance Bank has a range of home loan schemes catering to diverse needs, from home loans for salaried and self-employed to loans against property. Read on to find the best fit for your housing requirements.
Equitas Small Finance Bank Home Loan Interest Rates
- Tailored for both salaried and self-employed individuals seeking flexible home financing options.
- Home loan is also provided for the purpose of self-construction, home purchase, repairs & renovations, and loan takeovers.
- Competitive home loan interest rates provide attractive borrowing options.
- Nominal documentation charges of Rs.2580/- simplify the process for individual borrowers.
| Features | Details |
|---|---|
| Interest rate | 10.50% p.a. onwards |
| Loan tenure | Up to 20 years |
| Processing fees | Up to 2% on the sanctioned home loan |
Equitas Small Finance Bank Loan Against Property Interest Rates
- Equitas Small Finance Bank designed loan against property for salaried individuals, self-employed professionals, and self-employed non-professionals seeking flexible financing.
- Served for various multiple purposes including business expansion, balance transfers, and top-up loans.
- Foreclosure charges vary: 3% if payment is made through the borrower’s own funds, and 5% when using funds from other financial institutions.
- Competitive Loan Against Property Interest Rates makes it an attractive option for individuals leveraging property value.
| Features | Details |
|---|---|
| Interest rate | 10.75% p.a. onwards |
| Loan tenure | 3 years – 15 years |
| Processing fees | Up to 2% |
Read More: Loan Against Property Without Income Proof
How to Get Lowest and Best Equitas Small Finance Bank Home Loan Interest Rates?
- Aim for a 750+ Credit Score to secure preferential rates.
- Select the Right Equitas Small Finance Bank Scheme that matches personal requirements for cost efficiency.
- Leverage Special Concessions offered to government employees, women borrowers, and defense personnel.
- Use the Check-Off Facility for direct salary deductions, which may lower interest rates.
- Make a Higher Down Payment to reduce the principal and potentially get better terms.
- Watch Out for Festive Offers or promotional discounts from Equitas Small Finance Bank.
- Keep Income Documents Updated for quicker approvals and more favorable rates.
- Maintain Steady Employment to boost financial credibility and rate eligibility.
- Build a Strong Relationship with Equitas Small Finance Bank for possible preferential pricing.
- Always Negotiate to explore discounts on interest rates or processing fees.
Also Read: How to Increase CIBIL Score
Types of Home Loan Interest Rates
| Interest Rate Type | Definition | Pros | Cons |
|---|---|---|---|
| Fixed | Rate remains constant throughout a predetermined period or entire tenure. | – Predictable EMIs for budgeting- Protection against rising interest rates | – Typically, higher rates compared to floating- No benefit if market rates go down |
| Floating (Variable) | Linked to market benchmarks (e.g., Repo Rate, MCLR) and changes over time | – Often cheaper when rates fall- Can partly or fully prepay with lower penalties | – EMIs fluctuate with market conditions- Costs may rise if rates increase |
| Hybrid | Combination of fixed and floating phases. | – Stability in the initial fixed period- Potential cost savings in the variable phase | – Transition from fixed to floating can carry uncertainties- May incur a shift-related fee |
Secure the Lowest Equitas Small Finance Bank Home Loan Interest Rates with Credit Dharma
Buying a home is a big step. Getting a home loan can be hard, but we make it easy. Choosing Credit Dharma for your home loan simplifies this process. We offer expert advice and personalized assistance to make everything hassle-free. You’ll receive timely updates on your loan application and disbursement progress.
From the initial application to the final disbursement, we provide comprehensive support. Enjoy clear and honest communication at every stage, with no hidden surprises.
Frequently Asked Questions
Equitas Small Finance Bank offers home loan interest rates starting from 10.50% p.a. to 19.00% p.a., depending on the applicant’s profile, loan amount, and tenure.
Equitas provides home loans up to Rs. 3 crore, with a flexible repayment tenure of up to 20 years.
The home loan approval process with Equitas typically takes 3 to 7 working days, subject to document verification and eligibility checks.
Key eligibility criteria include a stable income source, good credit score, and necessary documents like ID proof, address proof, and income proof.
Equitas Small Finance Bank offers home loans starting from Rs. 1 lakh, with a maximum loan amount of up to Rs. 3 crore, depending on eligibility and property value.
HDFC Home Loan
SBI Home Loan
