Home First Finance Home Loan Details

Purpose of the loan
  • For purchase of a new house or flat.
  • For the repurchase of a house/flat
  • Constructing a residential property on a pre-owned plot
  • For the purchase of a plot and construction thereon
  • For extensions to the existing property
  • For refurbishing the existing property
Loan quantumUp to 90% of the market value of the property depending on the repayment capacity of the applicant.
Interest rate8.00% - 17.50% The interest rates depend on the loan quantum, type of employment, credit score and internal credit rating
Repayment periodMaximum repayment period permitted will be 25 years.

Pre-sanction charges of Rs. 2500 plus GST

Project Appraisal charges ranging from 17500 plus GST to Rs. 25500 plus GST. The appraisal charges depend on the loan amount.

Pre-payment/foreclosure chargesNil

Home First Finance Company offers home loans at affordable interest rates with attractive features. To avail of an HFFC home loan providing income, the proof is not mandatory, which is what makes home first home loan different from other home loans.

You can also check Home First Loan Against Property Online to avail offer.

Apply for IDFC Loan Against Property

Home First Finance Home Loan Features and Benefits

The following are the features and benefits of Home First Finance Home Loan:

  • A home loan is provided for both salaried individuals and the self-employed.
  • Non-Resident Indians can also apply for Home First Finance Home Loan.
  • A maximum loan quantum of up to 90% of the market value of the property will be provided.
  • The rate of interest will be applied in accordance with the loan amount. It ranges from 8.00% - 17.50%.
  • Flexible repayment option with a maximum tenure of 25 years
  • Though income proof forms a part of the documents required to be submitted, the loan sanction will be done even without income proof. 
  • A credit score of 750 and above is required for the loan to be approved.
  • A loan will be considered even when the credit score is low by considering the other aspects like the addition of a co-applicant with a consistent income.
  • The turnaround time for the loan approval will be less than 48 hours.
  • Prepayments to the loan account can be done without any prepayment charges.
  • A top-up to the existing home loan will be considered whenever you have additional funds requirements if the overall loan does not exceed 90% of the market value of the property. A provision for revaluation of the property at the time of applying for the top-up loan is also available.
  • Door-step services will be provided. A representative of the Company will come to your doorstep to assist you with the loan application process and will coordinate with you till the disbursal of the loan. 
  • You will receive regular updates about the status of the loan application.
  • The loan process is made totally paperless. There is a provision for online home loan applications. Soft copies of the required documents are accepted.
  • There is a dedicated Home First Customer Portal to track the status of your loan application.
  • There are different mobile applications for different functions like accessing the loan statement, making prepayments to the loan, and raising service requests.

Best Home Loan Interest Rates Starting @8.50%, Check EMI & Apply Now

HDFC Home Loan Offer

Home First Finance Home Loan Interest Rates 

HFFC Home Loan Interest Rates depend on various factors like the loan quantum, purpose of home loan, credit score, type of occupation etc. It ranges between 8.50%.

You can also check Loan Against Property Interest Rates Online from Top Lenders. 

Home First finance (HFFC) Home Loan Comparison with Other Top Banks

Given below is a comparison of HFFC Home Loan with the Home Loan of other Top Banks.

BankLoan AmountInterest RateProcessing FeeTenure
HFFC Home LoanMaximum 90% of the property value8% to 22% p.a.

Login Fee: Rs. 2500 plus GST

Project Appraisal Fee: Rs. 17500 to Rs. 25500 plus GST

Maximum 25 years
HDFC Home LoanUp to 90% of property value8.75% - 9.65%0.50% of the loan amount or Rs. 3000 whichever is higherMaximum 30 years
PNB Housing LoanNeed-based as per the project cost and the repayment capacity. Maximum 90% of the property value8.50%up to 0.50% of the loan amount. Minimum processing fees is Rs. 10000.Maximum 30 years
SBI Home Loan75% to 90% of the property value8.50% - 10.05%0.35% of the loan amountMaximum 30 years
Kotak Mahindra Bank Home LoanUp to 80% of the project cost8.70%0.50% of the loan amountMaximum 20 years
Canara Bank Home Loan75% to 90% of the project cost depending on the loan amount8.40% to 11.75%0.50% of the loan amount with a minimum of Rs. 1500 and a maximum of Rs. 10000Maximum 30 years
ICICI Home LoanUp to 90% of the value of the property{{CITI_BANK_HL_INTEREST_RATE}}0.50% to 2% of the loan amountMaximum 30 years
Bank of Baroda Home LoanUp to 90% of the property value with a maximum of Rs. 10.00 Crores depending on the repayment capacity8.40% - 10.60%0.25% to 0.50% of the loan amountMaximum 30 years

Home First Finance Home Loan Eligibility Criteria

To qualify for Home First Finance Home Loan, you will have to fulfil the Home Loan Eligibility Criteria mentioned below.

  • Resident Indians, Non-Resident Indians and Persons of Indian Origin are eligible for the home loan.
  • Both salaried individuals and the self-employed can apply for a home loan.
  • The minimum credit score required is 750 and above.
  • The minimum income required will be decided on a case to case basis.

Besides the above criteria, the number of dependants, the existing financial obligations, and work/business experience will also be looked into before taking a credit decision. 

Documents Required HFFC Home Loan

The following documents have to be submitted along with the loan application. If applying for an HFFC home loan online, you can upload the soft copies of the Home Loan Documents Required mentioned below.

Document TypeDocuments to be submitted
Address Proof
  • Aadhar Card
  • Voter’s ID Card
  • Passport
  • Driving Licence
Photo ID Proof
  • PAN Card
  • ID Card issued by employer
  • Aadhar Card
  • Voter’s ID Card
  • Passport
  • Driving Licence
Income Proof

For Salaried Individuals

  • Latest salary slips (3 months)
  • Form 16
  • Latest IT Returns
  • Bank Account statement for the last 6 months

For the self-employed

  • Audited Balance Sheet and Profit and Loss Account for the last 3 years
  • IT returns with income computation for the last 3 years.
  • Bank account statement for the last one year
  • Proof of business existence like GST Certificate, Partnership Deed, Memorandum of Association, Articles of Association etc.
Property Documents

Document to establish the marketable title of the property like

  • Registered Sale Deed
  • Possession Certificate
  • Agreement of Sale/Occupancy Certificate (in the case of flat)
  • NOC from Housing Society/Builder wherever applicable
  • Encumbrance Certificate for the last 13 years
Other documents
  • A cheque for the log-in fee
  • 2 passport size photographs

HFFC Home Loan Processing Fee and Other Charges

The schedule of HFFC Home Loan Processing Fee and other charges are given below:

Type of ChargeAmount
Login FeeRs 2500 plus GST
Project Appraisal Charges
  • For a loan Up to Rs. 10 lakhs: Rs. 17500 plus GST
  • For a loan between 10 lakhs to 20 lakhs: Rs. 21500 plus GST
  • For a loan above 20 lakhs: Rs. 25500 plus GST
NACH/ECS/Cheque BounceRs. 500 plus GST per instance
Late payment penalty
  • 2% of the defaulted amount for the default period
Retrieving documentsNil

How to Calculate Home First finance Home Loan EMI? 

The Home First Finance home loan EMI depends on various factors. 

Loan Quantum: The loan quantum will be decided depending on the repayment capacity and the value of the property. The EMI will vary according to the loan amount. 

Interest Rate: The interest rate is a critical factor that impacts the EMI of HFFC Home Loan. If the rate of interest is a floating one the EMI will fluctuate every time there is a change in the interest rate. If the interest rate goes up the EMI will go up and if the Home Loan Interest Rates go down the EMI will come down.

Tenure: Tenure of the HFFC home loan is another critical factor. You will have the option of choosing the maximum tenure i.e., 25 years if you cannot afford a higher EMI. Otherwise, you can choose a shorter tenure and reduce the interest cost on the loan.

You can calculate the EMI using the Home Loan EMI Calculator provided on the official website of Home First Finance Company. Follow the steps given below to calculate the home loan EMI before applying for the loan.

  • Access the official website of HFFC
  • Choose a home loan under the ‘loans’ option.
  • Under the ‘Calculators’ option choose the home loan EMI calculator
  • Enter the loan amount, interest and tenure
  • EMI will be calculated immediately.

HFFC Home Loan Customer Care

If you have any queries regarding HFFC Home Loan you can reach out to the Customer Care Centre of HFFC by dialling the HFFC home loan contact numbers given below:

For enquiry regarding a fresh home loan: +91-8880649911

For enquiry regarding existing home loans: +91-8880549911

Additional Info: SBI Home Loan Customer Care Number

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Home First Home Loan FAQs

✅ How to apply for HFFC Home Loan?

  • Access the official website of HFFC
  • On the home loan page click on the ‘Apply Now’ button
  • You will be directed to a page with a simple loan application.
  • Fill in the details like Name, Mobile Number, Profession (salaried or self-employed), Type of Loan and Date of Birth.
  • You then click on the’‘Next’ button.
  • By doing so you will authorise the representative of HFFC to contact you.
  • You will receive an OTP on your mobile number.
  • Enter the OTP and click on the ‘Verify OTP’ button.
  • On the next page, you will have to provide the PIN Code, details of employment, income and existing commitments and click on the ‘Next’ button.
  • Further, you will have to give the value of the property if you have identified one and click on the ‘Next’ button.

On the next page, you will have to provide details like gender, email address, PAN, and Aadhar Number. You should also upload the soft copy of PAN and Aadhar before you hit the submit button.

✅ Is Home First Finance Company (HFFC) Home Loan eligible for tax benefits?


Yes. You will be eligible for tax benefits on HFFC Home Loans under Sections 24 and 80C of the Income Tax Act 1961. You can claim a deduction of up to Rs. 2.00 lakhs for interest paid and Up to Rs. 1.50 lakhs under 80C for the principal repayment.

✅ I am self-employed and want to apply for an HFFC home loan. Should I provide a guarantor for the home loan?


No. A guarantor is not required to avail of an HFFC home even if you are self-employed.

Are senior citizens required to provide a guarantor if they want to avail of an HFFC home loan?

No. Senior Citizens need not provide a guarantor to avail of an HFFC Home Loan.

✅ What is the eligible Home First Finance Home Loan amount for a salary of Rs. 40000/-?


The loan amount depends on various factors like the interest rate, tenure and existing financial commitments. If you do not have any existing financial commitments and the interest applicable is 10% the tenure provided is 25 years you will be eligible for Rs. 26,4113/- 

✅ What is the interest rate for HFFC Home Loan?


The interest rate for HFFC Home Loan ranges between 8% to 18%. The interest depends on the loan amount, profession, credit score and internal credit risk rating.