Loan amount | Up to 90% of Property Value |
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Rate of interest | 8.60% onwards |
Tenure | Up to 30 years |
Lowest EMI possible | Rs. 776 Per Lakh |
Processing fee | NIL |
Foreclosure Charges | Nil for floating rates |
Penal Interest Rate | 2% per month |
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.
Also Read - Sundaram BNP Paribas Home Finance EMI Calculator
Home loans from Sundaram BNP Paribas Home Finance offer a range of benefits to home loan seekers. These include:
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 8.60% p.a. and 9.50% 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:
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:
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:
PAN Card (Mandatory) | ||
Passport size latest, colored photograph | ||
KYC Documents (Any One) |
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Income Documents (All) | Salaried Individuals |
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Self-Employed Individuals |
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Property Documents | Title documents of the property against which loan is sought |
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:
Charge Head | Charge Amount |
Loan Processing Fee | 0.05% of the loan amount + applicable GST |
Loan Prepayment Charge | NIL |
Loan Foreclosure Charge | NIL |
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:
A representative from MyMoneyMantra will get in touch with you on the provided contact number and process your Sundaram BNP home loan request further.
Also Read - Tax Benefit on Second Home Loan
Apply for instant home loan online at Interest Rate starting from as low as 8.50% p.a. Pay EMI of just Rs. 758 per Lakh. Loan can be repaid in flexible tenure of up to 30 years. Apply now with minimal documentation. Check eligibility & get instant approval here.
People who are salaried, those who are self-employed professionals and self-employed non-professionals are eligible for a home loan from Sundaram BNP Home Finance.
Sundaram BNP Home Finance has a quick loan application and disbursal process. The online home loan applications are processed within 7-10 working days. Loan sanction and disbursal is subject to the condition that all required KYC and property related documents are in order.
Sundaram BNP Paribas Home Finance allows more than one co-applicant for home loan. This maximizes the home loan amount. Co-applicants can be a spouse or close family member like father, son, mother, daughter, etc. All co-owners of the property against which the home loan is sought must be the co-applicants of the Sundaram BNP home loan. However, all co-applicants may not necessarily be the co-owners of the property.
Sundaram BNP Paribas Home Finance allows a maximum loan amount of up to 85% of the property value.
Yes, Sundaram BNP home loans can be prepaid or foreclosed ahead of schedule at no prepayment charge. However, part prepayments cannot be more than three installments in a financial year. Also, the amount of each prepayment installment cannot be less than 6 EMIs.
Sundaram BNP home loan eligibility depends upon customer profile. Salaried individuals or self-employed professionals, and self-employed non-professionals are eligible for a Sundaram BNP home loan. However, the quantum of home loans that an applicant is eligible for depends upon the monthly income, amount of existing liabilities, financial history, credit score, etc. The Sundaram home loan eligibility can be increased by adding co-applicants.
Sundaram Home Loan EMI is calculated using the EMI calculator. The following table shows Sundaram BNP home loan EMIs for different loan amounts and loan terms calculated at 8.60% p.a. as offered to salaried individuals.
Loan Amount | Rate of Interest | Payable EMI | ||
10 years | 15 years | 20 years | ||
Rs. 10 Lakh | 8.60% p.a. | Rs. 12, 452 | Rs. 9,906 | Rs. 8,742 |
Rs. 20 Lakh | 8.60% p.a. | Rs. 24,904 | Rs. 19,812 | Rs. 17,483 |
Rs. 50 Lakh | 8.60% p.a. | Rs. 62,261 | Rs. 49,531 | Rs. 43,708 |
The following table shows Sundaram BNP home loan EMIs for different loan amounts and loan terms calculated at 9.50% p.a. as offered to self-employed individuals.
Loan Amount | Rate of Interest | Payable EMI | ||
10 years | 15 years | 20 years | ||
Rs. 10 Lakh | 9.50% p.a. | Rs. 12,940 | Rs. 10,442 | Rs. 9,321 |
Rs. 20 Lakh | 9.50% p.a. | Rs. 25,880 | Rs. 20,884 | Rs. 18,643 |
Rs. 50 Lakh | 9.50% p.a. | Rs. 64,699 | Rs. 52,211 | Rs. 46,607 |