Edelweiss Housing Finance

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating Rate of Interest : 11.25 % to 14 % p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 65 years
  • Loan period from 1 years to 15 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing  Fee 2%  depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about Edelweiss Housing Finance

The Edelweiss Group is a diversified financial services. It’s headquarters in Mumbai, India.The firm has five major businesses, capital markets, credit, asset management, life insurance, and commodities.Edelweiss group main focus is on credit. Specifically mortgages for housing and loans for agriculture. The parent company of the group is Edelweiss financial services limited

Your Eligibility depends on following


You should be minimum 21 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Minimum income required Rs.25,000 per month
EMIs of other loans lower your eligibility
Pay off your credit card bills
Choose longer tenure loan up to 15 years

Rate of Interest and Other Charges for Loan Against Property are following

Rate of Interest:

Sno.

Loan Type

Rate Of Interest

1

Loan against Property (Floating)

11.25% to 14%

Existing Loan take over or New Loan

Here are some points for this:

  • Flexible documentation
  • Doorstep service through the nearest Edelweiss office
  • Instant approvals
  • Loan Against Property for personal and business expenses
  • Competitive interest rates and terms & conditions

Features of Loan

 Features and Benefits:

  • Higher loan amount and tenure up to 15 years for ease of repayment
  • Funds can be used for business and personal needs
  • Attractive interest rates
  • Quick approvals, simple processing of your loan application and flexible repayment options
  • Efficient handling of your loans
  • Consolidates your loans into one single instalment
  • Higher loan amount with low EMI.
  • Special products for self employed professionals Edelweiss 

Documents required for Edelweiss Housing Finance Loan against Property

For Salaried Individuals:

  • Proof of Residence(any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voter’s ID Card
  • Proof Of Identity(any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver’s License
  3. employer’s Card
  • Bank Statement / Passbook of last 6 months
  • Salary slip of last 6 months.
  • Form 16 for previous 2 years.
  • Legal documents of the concerned property.

For Self-employed individuals

  • Certified financial statement of last 3 years.
  • Proof of Residence (any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voters Card
  • Proof of Identity (any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver License
  3. Employer’s Card
  • Latest Bank Statement or Passbook
  • Copies of all property documents which you want to use as collateral.