Grihum Housing Finance recognizes that owning property fulfills two key purposes: providing a secure home and offering a solid investment opportunity. With competitive home loan interest rates starting at 11% p.a. and financing of up to 90% of the property’s value, Grihum Housing Finance ensures a seamless, accessible path to homeownership—ideal for both aspiring homeowners and savvy investors alike.
Grihum Housing Finance Home Loan Interest Rates by Employment
Grihum Housing Finance 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.
Grihum Housing Finance Home Loan Interest Rates for Salaried Employees
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Home Loan For Salaried | 11% p.a. onwards |
Grihum Housing Finance Home Loan Interest Rates for Self Employed
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Home Loan For Self Employed | 11% p.a. onwards |
Grihum Housing Finance All Schemes Home Loan Interest Rates
Grihum Housing Finance offers multiple home loan schemes, each with its own interest rate structure and features. Here’s an overview of the current rates for various Grihum Housing Finance schemes.
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Grihum Housing Finance Home Loan | 11.00% p.a. – 22.00% p.a. |
| Grihum Housing Finance Home Improvement Loan | 11.00% p.a. – 22.00% p.a. |
| Grihum Housing Finance Home Extension Loan | 11.00% p.a. – 22.00% p.a. |
| Grihum Housing Finance Home Construction Loan | 11.00% p.a. – 22.00% p.a. |
| Grihum Housing Finance Home Loan Balance Transfer | 11.00% p.a. – 22.00% p.a. |
| Grihum Housing Finance loan Against Property | 11.00% p.a. – 24.00% p.a. |
Check: Grihum Housing Finance Home Loan EMI Calculator
All Schemes Offered by Grihum Housing Finance: A Detailed Overview
Grihum Housing Finance has a range of home loan schemes catering to diverse needs, from Home Improvement to Home Loan Balance Transfer. Read on to find the best fit for your housing requirements.
Grihum Housing Finance Home Loan Interest Rates
- Minimal documentation for salaried individuals earning a minimum ₹20,000 per month and self-employed with ₹3 Lakh annual income.
- Assistance through a dedicated relationship manager, ensuring a smooth loan journey from application to disbursement.
- Grihum Housing Finance caters to a variety of applicants, including employees from government, semi-government, PSU, private, and MNCs.
| Features | Details |
|---|---|
| Interest rate | 11% p.a. – 22% p.a. |
| Loan tenure | Upto 30 years |
| Age | 21 years – 65 years |
| Processing fees | 0.50% on your sanctioned loan amount + GST |
Grihum Housing Finance Home Improvement Loan Interest Rates
- Grihum Housing Finance offers home improvement loans starting at ₹5 Lakhs.
- Whether you need interior redesigns, essential repairs, or modern upgrades, It provides the flexibility to meet diverse needs.
- Competitive rates and financing options available for lower-income segments.
| Features | Details |
|---|---|
| Interest rate | 11% p.a. – 22% p.a. |
| Loan Tenure | Upto 30 years |
| Age | 21 years – 65 years |
| Processing fees | 0.50% on your sanctioned loan amount + GST |
Also Read: Home Improvement Loan Eligibility
Grihum Housing Finance Home Extension Loan Interest Rates
- Offers flexible Home Improvement Loans, helping you transform your home into the space you’ve always dreamed of.
- With competitive interest rates and no foreclosure charges, easy repayment options are available for your home improvement needs.
- 90% financing on your home’s value is offered.
| Features | Details |
|---|---|
| Interest rate | 11% p.a. – 22% p.a. |
| Loan Tenure | Upto 30 years |
| Age | 21 years – 65 years |
| Processing fees | 0.50% on your sanctioned loan amount + GST |
Grihum Housing Finance Home Construction Loan Interest Rates
- Grihum Housing Finance offers attractive home construction loan interest rates, making it easier for homeowners to fund their dream home.
- Existing construction loans to Grihum can be transferred and enjoy reduced monthly EMIs, making repayment more affordable.
- Flexible financing options are available to bring your customized home vision to life.
| Features | Details |
|---|---|
| Interest rate | 11% p.a. – 22% p.a. |
| Loan Tenure | Upto 30 years |
| Age | 21 years – 65 years |
| Processing fees | 0.50% on your sanctioned loan amount + GST |
Read More: Types of Home Construction Loan
Grihum Housing Finance Home Loan Balance Transfer Interest Rates
- Affordable Home Loan Balance Transfer service with competitive interest rates, making it easier for homeowners to lower their EMI payments.
- By transferring your home loan to Grihum Housing Finance, you can reduce your interest rate.
- You can transfer your existing loan to enjoy better rates and ease your financial burden, starting at a minimal ₹5 Lakhs.
| Features | Details |
|---|---|
| Interest rate | 11% p.a. – 22% p.a. |
| Loan Tenure | Upto 30 years |
| Age | 21 years – 65 years |
| Processing fees | 0.50% on your sanctioned loan amount + GST |
Grihum Housing Finance loan Against Property Interest Rates
- Grihum Housing Finance offers attractive interest rates on Loan Against Property.
- Leveraging your property for a loan is straightforward and secure with Grihum Housing Finance.
| Features | Details |
|---|---|
| Interest rate | 11% p.a. – 24% p.a. |
| Loan Tenure | Upto 30 years |
| Age | 21 years – 65 years |
| Processing fees | 0.50% on your sanctioned loan amount + GST |
How to Get Lowest and Best Grihum Housing Finance Home Loan Interest Rates?
- Aim for a 750+ Credit Score to secure preferential rates.
- Select the Right Grihum Housing Finance 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 Grihum Housing Finance.
- 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 Grihum Housing Finance 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 |
How to Switch Your Grihum Housing Finance Home Loan from Fixed to Floating Rate?
Grihum Housing Finance allows you to switch from fixed to floating at a fee of 0.50% of your outstanding loan amount.
- Visit your Grihum Housing Finance branch or contact your relationship manager.
- Complete the necessary forms or applications for the switch.
- Once approved, sign a supplemental agreement reflecting the new floating-rate terms.
- Pay the conversion charge (0.50% of the outstanding principal) and any other administrative costs.
- Verify updated EMIs, as floating rates can fluctuate with market conditions.
Secure the Lowest Grihum Housing Finance 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
Grihum Housing Finance offers home loans with interest rates starting at 11% p.a., subject to individual eligibility, loan amount, and tenure, ensuring competitive and flexible financing options for homebuyers.
Yes, you can add a co-applicant to your home loan with Grihum Housing Finance. This can help increase your loan eligibility and improve the chances of securing a favorable loan amount and interest rate.
Yes, Grihum Housing Finance allows early loan repayment or foreclosure. However, certain charges or fees may apply. It’s advisable to check the specific terms and conditions for prepayment before proceeding.
Eligibility for a Grihum Housing Finance home loan depends on factors like your age, income, credit score, property value, and repayment capacity. Meeting these criteria increases your chances of approval for a loan.
For a home loan with Grihum Housing Finance, you’ll need to submit documents such as proof of identity, address, income, property details, and bank statements. Additional documents may be requested based on your loan profile.
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