Home Purchase Loan

Loan For Home Purchase
  • Our customer can use SMHFC’s Home Purchase Loan to buy a house in an affordable housing of their liking
  • SMHFC’s Home Purchase Loan broadly covers private projects, government projects, under construction properties, resales and a lot more!
  • Maximum loan amount is Rs. 35 lakh and maximum tenure is 20 years.
  • Purchase a residential property of your choice with SMHFC's Home Purchase Loans.
  • Eligibility & Documentation

    We at SMHFC understand that every customer has varied needs, sources of income and documentation availability. We provide tailor-made solutions based on customer requirements. The final eligibility of a customer is decided on a number of factors including (but not) restricted to income stability, repayment capacity, past credit record and positive verification

  • Rate & Charges
    Loan Terms
    Loan Amount Minimum Rs. 1 lakh & maximum Rs 35 lakh h igher amounts can be considered on exception basis.
    Tenure Maximum 20 Years
    Interest Rate 11% onwards
    Processing Fee 2% - 3% (+GST) of the loan amount
    Prepayment Charges NIL
    Loan to Value Maximum 85%
    Security Equitable mortgage (by deposit of title deeds) on the property being financed. A registered mortgage may be insisted upon wherever necessary.
    Repayment Through customer's electronic standing instruction (NACH) for all Equated Monthly Installments (EMIs)
    MITC SMHFC will adhere to the Most Important Terms and Conditions ("MITC") on all loans as prescribed by the National Housing Bank.
    Other Conditions SMHFC will facilitate customers to take a mortgage redemption policy through SMHFCs tie up with HDFC Life. The exact insurance amount will depend on the age, loan amount & loan tenure.
    To read document retrieval and other charges, Click Here
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  • FAQs

Rate / terms could be subject to change at management's discretion

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Customer Speak

Ravindra Kumar Sen
Arang, Chhattisgarh.

“I have always lived in a joint family setup with 20 family members residing in a very small and congested house. I could never avail a home loan as I stay in the remote town of Arang in Chhattisgarh.

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Shubham Bahetwar
Yavatmal, Maharashtra.

“I always lived in a kuccha house. SMHFC helped me in financing the construction of a pucca house on my own plot of land.Owing to the informal nature of my work,


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Pooja Kumari
Raipur, Chattisgarh.

“I am the only earning member of my family. I always dreamt of my home but never thought it would be possible owing to income constraints and lack of family support.

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