Hero Fincorp Home Loan

Yes, a home loan is a tax saving instrument. You can get up to Rs. 1,50,000 as deductions on principal amount repayment under Section 80C and also up to Rs. 2,00,000 as a deduction on interest repayment under Section 24. There are sops up to Rs. 50,000 for first-time homebuyers as well, subject to certain conditions. 

The minimum salary for availing of a home loan is usually Rs. 25,000.

Yes, you can obtain two home loans simultaneously provided you have the repayment ability in terms of your monthly income and financial position. There is no official limit on the number of home loans that you can take. 

The loan is repaid in EMIs containing both interest and principal components. Repayment begins from the month after the month in which you take the total disbursement of the home loan amount.

Home loan EMIs usually start after the completion of the property and after possession has been taken by the borrower. This is called the subvention scheme. In other cases, the full EMI starts after the completion of the property while borrowers may pay the pre-EMI in the initial stages after the moratorium period.

Hero FinCorp provides home loans at competitive rates starting from 9.50% onwards. 

Hero FinCorp offers home loans to customers from 9.50% onwards. 

Hero FinCorp offers home loans with seamless documentation along with higher loan amounts of up to 50%. It also offers options to lower your EMI by 20% along with maximum loan tenures of 30 years for all categories of applicants. The age limit is also enhanced up to 70 years and 75 years for salaried and self-employed applicants respectively.

Hero FinCorp offers options to customers for choosing between floating and fixed rates of interest. It will directly affect the EMI. With the floating interest rate, the EMI will change periodically, while it will stay fixed with the fixed interest rate.

The documents required are the present loan details, residence, age and identity proof, proof of income and property documents in case the property has already been identified by the borrower.