• Home Loan | Plot + Construction Loan | Balance Transfer
  • Construction | Improvement | Expansion
  • Documents
  • Annexure
Description
To Finance a new ready to move-in or under construction residential property.
Age Limit
(At the time of loan maturity)
- Salaried Individuals - 65 years of age or retirement, whichever is earlier
- Self-employed (Professionals and non-professionals) - 70 years
Max loan tenor
Up to 30 years for Salaried
Up to 20 years for Self-employed
Max loan eligibility
Up to 30 Lakhs
Up to 90% of the property's market value
Rs 30.01 Lakhs to Rs 75 Lakhs
Up to 80% of the property's market value
Above 75 Lakhs
Up to 75% of the property's market value
*Property's market value as assessed by Hero Housing Finance Ltd.
Rate of Interest
Starting at 9.75%
Description
To finance renovation, expansion of existing residential property
Max loan tenor
Up to 20 years
Rate of Interest
Starting at 9.75%
Proof of both identity, age, and
residence (any combination
that fulfills both.)
Document ID Proof Address Proof only Relationship Proof Age Proof
Aadhar Card/E Aadhar
issued by UIDAI
Valid Passport
Pan Card
Driving License issued
by the RTO
Voter ID Card issued by
Ec

For a detailed list of documents, see Annexure

Income
  • Last 3 months salary slip
  • Last 2 years Form 16
  • Bank statements for last 6 months reflecting salary credits
  • Appointment letter with salary breakup if current employment is less than 1 year old
Application Form
  • Application form
  • Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form
  • Cheque for processing fee favouring ‘ Hero Housing Finance Ltd.
Details of current loans
  • Bank statement reflecting last 6 months EMI payment/ SOA of running loans
Property related
documents
  • Copy of the Allotment Letter / Buyer Agreement/Sale Deed
  • Receipts of payments made to the Builder/ Developer/Seller

Note: All documents to be self attested. The above list is indicative in nature and additional documents can be asked for.

S.No Documents Age Proof ID Proof address proof Relationship proof
1 Last 2 Utility bills/Electricity Bills/Gas Connection/Telephone
2 Consumer Gas connection card/passbook along with receipt for gas supply not older than two months with due entry for gas supply
3 Certificate from the postal office confirming address of applicants either on letter heads or under office seal and signed by Post Master/Asst Post Master
4 Original letter from Central /State Govt departments/defence dept or Public Sector Units/Banks/employer certifying the residential address of employee/applicant. Signature of the employee/applicant has to be attested on the letter head
5 Quarter allotment letter issued by Central/State Govt. Dept/PSUs/RBI/SEBI/Public Sector/SIDBI/EXIM Bank. Letter to be on the letter head or under office seal with signature of issuing authority
6 Registered leave and licence agreement along with utility bill not older than 2 months in the name of the landlord( Notarized agreement not accepted as address proof)
7 Property tax bill along with receipt should not be older than more than one calendar year from the bill issuance date
8 Water Tax bill along with receipt (not more than 6 months old)
9 PAN intimation letter to be accepted for the first six months from the date of issue of PAN (Customer’s communication address visit is mandatory
10 Secondary school leaving certificate/passing certificate issued by Examination board/university indicating date of birth (id proof if documents is with a photograph and should be accepted till the age of 25 years only
11 Hand written ration card containing signature and stamp of the official authority
12 Birth certificate issued by registrar of birth and death (municipal corporation or zila parishad, gram panchayat) or birth certificate issued by Private nursing home (Guardian account should be more than six months old ) confirming DOB, name of the child & guardian name
07, Basant Lok, Vasant Vihar New Delhi-110057
1800-103-5271