Equitas Small Finance Home Loan
In today’s rapidly evolving world, owning a home remains a cherished dream for many. Equitas Small Finance Bank, a growing name in the financial sector, is dedicated to helping individuals turn this dream into reality through its comprehensive range of home loan products.
Rate of Interest
11.00% - 14.00%
Loan to Value
80% - 90%
Loan Tenure
Max 20 years
Max Loan Amount
Upto 3cr
| Rate of Interest | 11.00% - 14.00% |
| Loan Tenure | Max 20 years |
| Age | Salaried : 21 - 60years Self Employed : 18 - 75 years |
| Profession | Salaried/Self Employed |
| Income | Metro Cities : 20,000/Month & Above Other Cities : 15,000/Month & Above |
| Nationality | Resident Indian/ NRI |
| Max Loan Amount | Upto 3cr |
| Plot Purchase | |
| Independent Building | |
| Apartment | |
| Resale Property | |
| New Construction | |
| LTV | 80% - 90% |
| Home Loan | |
| Plot Cum Construction Loan | |
| Balance Transfer | |
| Overdraft Facility | |
| Top Up Facility | |
| Other Offerings | Loan Against Property |
| Processing Fees | Up to 2% on the sanctioned home loan |
| Other Charges | Part Pre-Payment Charges (Fixed ROI period) - 2% Foreclosure Charges (Fixed ROI Period) - 2% |
| Overdraft Facilities | |
| Highlights | • Enjoy affordable EMI • Get speedy approvals • Pay at your convenience with flexible repayments • Get loan of up to ₹300 Lakhs |
*Disclaimer: The interest rate, maximum tenure, and other charges are subject to change, it's advisable to check with our experts for the latest information.
| Loan Amount | ₹ 50,00,000 |
| Loan Tenure | 20 years |
| Rate of Interest | 11.00% - 14.00% |
| Monthly EMI | ₹ 51,609 - ₹ 62,176 |
With attractive interest rates, tailored repayment plans, and a focus on customer-centric solutions, Equitas Small Finance Bank is the perfect partner to support you on your path to homeownership.
Eligibility Criteria for Equitas Small Finance Home Loan
| Criteria | Salaried | Non-Salaried |
|---|---|---|
| Age Range | 21-60 | 21-60 |
| Nationality | Indian | Indian |
| Maximum Age at Final Repayment | 60 | 60 |
Calculate your Equitas Small Finance Home Loan eligibility and unlock exclusive offers for you!
Equitas Small Finance Home Loan Interest Rates
Standard Home Loan Rates
| Category | Rate of Interest (ROI) |
|---|---|
| Salaried | 11% to 14% |
| Self Employed | 11% to 14% |
Get the best Home Loan interest rates tailored for you
If you’re looking to choose the right home loan perfectly made according to your needs, then book a call with our experts here.
Equitas Small Finance Home Loan Processing Fee and Charges
Processing Charges
| Charge Type | Amount |
|---|---|
| Processing Fees | Up to 2% on the sanctioned home loan |
| Documentation Charges | Rs. 1,500 |
| Legal, Valuation and Technical Charges | Rs. 2,000 for loan amount less than or equal to 5 lakhs Rs. 3,000 for loans greater than 5 to 25 lakhs Rs. 5,000 for loans greater than 25 lakhs |
| Administrative Charges | Up to 0.2% on the sanctioned home loan |
Identity Documents
| Doc Name | Salaried | Self Employed |
|---|---|---|
| PAN | ✔ | ✔ |
| Voter ID | ✔ | ✔ |
| Passport | ✔ | ✔ |
| Driving Licence | ✔ | ✔ |
| Aadhar Card | ✔ | ✔ |
| Bank Account Statement or Passbook with Photograph & Bank Stamp on Photo | ✔ | ✔ |
Proof of Income
| Document | Salaried | Self Employed |
|---|---|---|
| Latest Salary Slip/Certificate | ✔ | ✖ |
| Latest 6 months bank statements/copy of passbook of all bank accounts | ✔ | ✖ |
| Form-16 (if available) | ✔ | ✖ |
| Latest 3 years ITRs copy | ✖ | ✔ |
| Latest 9 months bank statements/copy of passbook of all bank accounts | ✖ | ✔ |
| Latest 3 years computation of Income along with Profit & Loss Account and Balance Sheet | ✖ | ✔ |
Equitas Small Finance Home Loan Schemes and Top Plans
Comparison
| Feature | Home Loan For Salaried | Home Loan For Self Employed | Loan Against Property |
|---|---|---|---|
| Minimum Loan Amount | – | – | Rs 10 Lakhs |
| Maximum Loan Amount | Up to Rs 300 Lakhs | Up to Rs 300 Lakhs | Up to Rs 300 Lakhs |
| Interest Rate | 11% to 14% | 11% to 14% | 11.00% to 24.00% |
| Tenure | Up to 20 years | Up to 20 years | 3 years up to 15 years |
| Eligible Applicants | Salaried or self-employed | Both salaried and self-employed individuals | Salaried person, self-employed professional, self-employed non-professional |
Details
Home Loan For Salaried
• Maximum Loan Amount: Up to Rs 300 Lakhs
• Interest Rate: 11% to 14%
• Tenure: Up to 20 years
• Eligible Applicants: Salaried or self-employed
Home Loan For Self Employed
• Maximum Loan Amount: Up to Rs 300 Lakhs
• Interest Rate: 11% to 14%
• Tenure: Up to 20 years
• Eligible Applicants: Both salaried and self-employed individuals
Loan Against Property
• Minimum Loan Amount: Rs 10 Lakhs
• Maximum Loan Amount: Up to Rs 300 Lakhs
• Interest Rate: 11.00% to 24.00%
• Tenure: 3 years up to 15 years
• Eligible Applicants: Salaried person, self-employed professional, self-employed non-professional
How to Apply
Applying for an Equitas Small Finance Home Loan is a straightforward process:
1. Check Eligibility:
Verify that you meet the eligibility criteria for your selected loan product.
2. Collect Documents:
Gather all the required documents.
3. Visit a Local Branch:
Visit your nearest Equitas Small Finance Bank branch and fill out the application form.
4. Submit Documents:
Submit your application along with the required documents.
5. Application Review:
The bank will review your application and documents.
6. Loan Approval:
Upon approval, your loan will be sanctioned, and you can start your homeownership journey.
Do not want to get into this hassle? Get Equitas Small Finance Home Loan Bank’s best rates in a single call.
Comparison
For detailed comparison between top banks you can visit our compare banks page.
| Bank | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
|---|---|---|---|
| SBI Bank | 8.5% p.a. onwards | 8.5% p.a. onwards | 8.5% p.a. onwards |
| HDFC Bank | 8.7% p.a. onwards | 8.7% p.a. onwards | 8.7% p.a. onwards |
| LIC Bank | 8.50% – 10.35% p.a. | 8.50% – 10.55% p.a. | 8.50% – 10.75% p.a. |
| ICICI Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards |
| Kotak Mahindra Bank | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards |
| Punjab National Bank | 8.40% – 12.10% p.a. | 8.40% – 12.10% p.a. | 8.40% – 12.10% p.a. |
| Bank Of Baroda | 8.40% – 10.65% p.a. | 8.40% – 10.65% p.a. | 8.40% – 10.90% p.a. |
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. |
| Bank of India | 8.4% p.a onwards | 8.4% p.a onwards | 8.4% p.a onwards |
| TATA Capital | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
Equitas Small Finance Bank is ranked 3. It was established in 2007 and started operations as a Small Finance Bank in 2016, previously functioning as an NBFC Micro Financing Institution.
Equitas Small Finance Bank Ltd. has an average target of 105.67, indicating positive market expectations. The consensus estimate represents an upside of 41.65% from the last price of 74.60.
Equitas Small Finance Bank offers premium family banking services, including travel benefits and an International Debit Card. Interest rates are subject to change, so check the website regularly for the latest rates on Savings Account balances and Fixed Deposits.
Equitas Small Finance Bank (erstwhile Equitas Microfinance Ltd) is a small finance bank founded in 2016 as a microfinance lender. The Bank has its headquarters in Chennai and is a subsidiary of holding company Equitas Holdings Ltd.