Sundaram BNP Paribas Home Finance Home Loan

Sundaram BNP Paribas Home Finance Ltd. is a leading NBFC in India. With a remarkable stint of over two decades in housing loan operations, the company enjoys a pan India presence and presently has over 112 branches across India. Sundaram home loan through its plethora of home finance schemes offers tailored home loan solutions to eligible customers at a competitive rate of interest alongside a host of features and benefits.

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Home loans from Sundaram BNP Paribas Home Finance offer a range of benefits to home loan seekers. These include:

• Quick processing and loan disbursal within 10 working days
• Home Loans are available under varied categories like Plot Loans, Home Improvement Loans, Home Extension Loans, etc.
• Up to 85% Loan-to-Value Ratio
• Loan Top-Up facility available
• Home loan eligibility above 18 years of age
• Option to add co-applicants to maximize loan amount 
• Competitive Sundaram home loan interest rates start at 10.00% p.a. for salaried individuals and 9.50% p.a. for self-employed individuals.
• Widespread eligibility includes salaried and self-employed individuals.
• Easy documentation process
• Balance transfer facility available
• Flexible loan repayment term up to 20 years
• No prepayment and foreclosure charges
• Low processing fees charged at 0.05% of the loan amount
• Repayment through easy EMIs
• In-house legal and technical assistance
• No guarantor required

Sundaram Home Loan is offered at a floating rate of interest. The rate of interest is linked to market lending rates. The current Sundaram Finance home loan interest rate starts from 10.00% p.a. and 10.50% p.a., for salaried and self-employed individuals, respectively.  

The rate of interest applicable on a home loan application will vary according to the type of home loan applied for, amount of the home loan applied for, credit rating, the loan term, etc.

Sundaram Home Loan offers customized home loan schemes to address customer needs. The different home loan schemes offered by Sundaram Home Loan are:

• Regular Home Loan – A regular home loan scheme available to all salaried and self-employed individuals who meet all the eligibility conditions set up by the company. A regular home loan provides the financial assistance required to buy a house. The loan proceeds can be used to purchase a new house/apartment or the self-construction of an independent house.
• Plot Loan – The Plot loan can be availed by both salaried and self-employed individuals to buy a piece of land.
• Balance Transfer and Top-Up Loan – While balance transfer scheme is available to home loan customers who wish to balance transfer their ongoing home loans to Sundaram BNP Paribas Home Finance. Whereas, a loan Top-Up facility allows availing an additional loan on the ongoing loan after certain terms and conditions are met.
• Affordable Housing Loan – Home loan under the Affordable Housing Scheme is offered under NHB’s Affordable Housing Fund scheme. Customers who wish to avail of a home loan under this scheme enjoy home loans at a lower rate of interest fixed for seven years and thus enjoy incredible savings.
• Pradhan Mantri Awas Yojna – Under the government’s housing for all scheme, customers can apply for home loans as under the Pradhan Mantri Awas Yojana Credit Linked Subsidy Scheme (PMAY CLSS). This scheme offers an interest subsidy of up to Rs. 2.67 lakh on home loans which can be availed for purchase, construction, extension, and renovation of homes. 

Check for 50 lakh home loan EMI and apply easily on MyMoneyMantra.

The eligibility criteria to avail of a Sundaram BNP home loan is as under:

• Salaried individuals
• Self-employed professionals
• Self-employed non-professionals

In addition to the customer profile, the quantum of the home loan the applicant is eligible for will depend upon their monthly income, existing liabilities, financial history, credit score, etc. 

To increase home loan eligibility, the applicant can consider applying for a Sundaram home loan with a co-applicant. 

Also Check - Axis Bank Home Loan Eligibility

Salaried and Self-Employed individuals are required to furnish a different set of documents for availing a Sundaram home loan. The documents required include:

Also Check - Income Tax Documents Required for Home Loans

The fee and other charges applicable on a Sundaram BNP Paribas Home Finance Home Loan are: 

Please note that the processing fee is payable along with the loan application and is non-refundable. Other charges like the Property & Personal Insurance, Documentation charges, CERSAI charges, etc. become payable after loan sanction, but before loan disbursement.

Also Read - 5 Home Loan Providers in India That Charge Zero Processing Fees

For any home loan related query, customers can reach Sundaram BNP Paribas Home Finance customer care @ toll-free number 1800 419 7722. 

Alternatively, customers can also request a call back or submit a written query by filling up request form @ www.sundaramhome.in

Also Check - Axis Bank Home Loan Customer Care

Customers can apply for a Sundaram BNP Home Loan online through MyMoneyMantra.com. The process is simple and hassle-free and involves the following steps: 

• Visit the official website of MyMoneyMantra
• Scroll down the home page. Click on the Home Loan link.
• Fill the form and provide the required details.
• Submit the loan request form by clicking on the ‘Proceed’ button.

A representative from MyMoneyMantra will get in touch with you on the provided contact number and process your Sundaram BNP home loan request further.

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