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HHFL One Pager

Hero Housing Finance Ltd. is a subsidiary of Hero FinCorp, offering a range of home loan products across India aimed at helping individuals achieve home ownership. The company provides various loan options including home loans for purchase, construction, renovation, and plot purchase, as well as loans against property for general use. Key features include loan amounts ranging from 2 lakhs to 3 crores for home loans and up to 1 crore for loans against property, with a minimum CIBIL score requirement of 650.

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Kush Verma
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39 views2 pages

HHFL One Pager

Hero Housing Finance Ltd. is a subsidiary of Hero FinCorp, offering a range of home loan products across India aimed at helping individuals achieve home ownership. The company provides various loan options including home loans for purchase, construction, renovation, and plot purchase, as well as loans against property for general use. Key features include loan amounts ranging from 2 lakhs to 3 crores for home loans and up to 1 crore for loans against property, with a minimum CIBIL score requirement of 650.

Uploaded by

Kush Verma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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HERO HOUSING FINANCE LTD

Hero Housing Finance Ltd. is a fully-owned subsidiary of Hero FinCorp, the best-in-class provider of financing solutions.
HHFL is an all-inclusive housing finance company providing hassle-free home loans pan India. Our vision is “Delivering
the joy of being a proud homeowner”. Today HHFL has been able to touch lives of more than 1.3 lac people and help
them fulfil their lifelong dream of owning their own home.

PRODUCTS OFFERED:

Home Loan: A home loan is an amount of money that an individual borrows from a money lending company (Bank
/HFC) at a certain home loan interest rate to be paid with the EMI every month. The property is taken as a security
by the money lending company for the Home Loan. The purpose of the HL is:

• HL Purchase– Loans for purchase of ready-built/ under-construction residential units


• HL Construction/ Extension- Loans for self-construction on an already owned
residential plot OR additional construction/ extension of an already built-up house
• HL Renovation-Loans for renovation/ repair work/ new fixtures etc. in an existing house
• HL Plot Purchase–Loans for purchase of residential plot. However, borrower has to give declaration that he will construct
residence on the given plot as per approved plan within 3 years.

Loan Against Property: A loan against property (LAP) is a secured loan that is sanctioned keeping an asset as mortgage
with the lender. This asset can either be an owned land, a house, or any other commercial premises. The asset remains
as collateral with the lender until the entire loan against property amount is repaid. The purpose of the LAP is:

• LAP Loans – Loans for general-purpose use other than Housing Loan
• Non-Residential Properties Loans (all properties other than residential properties as commercial /industrial etc.)

PRODUCT CONTOURS:

Product Home Loan Loan Against Property/Micro LAP


Min Max Loan
2 lacs to 3 Cr 2 lacs to 1 Cr
Amount
Min Customer Age
(If income 21 years to 60 years 21 years to 60 years
considered)
Min CIBIL Score 650 or above 650 or above
Min Max Loan
6 months to 25 years (subject to age norms) 6 months to 15 years (subject to age norms)
Tenure
Min Max Rate Basis profile and property of the customer Basis profile and property of the customer
Processing Fee up to 3% up to 3%
Bank Salaried
Bank Salaried
Cash Salaried

Self Employed Professional & Self-Employed non- Self Employed Professional & Self-Employed
Customer Profile professional (Customer covered that have filed last non-professional (Customer covered that have
2 ITRs, 1 ITR or no ITR) filed last 2 ITRs, 1 ITR or no ITR)

Special schemes for Hawkers -


Discounts in Processing Fee for women borrowers
Basis profile and property of the customer Up to Basis profile and property of the customer Up to
Loan to Value
90% subject to regulatory norms 70%

V1.1 Dated: 7th Oct-24


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V1.1 Dated: 7th Oct-24

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