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Edelweiss offers a wide range of services in the home loan segment. Maximum loan amount that can be borrowed is Rs. 35 lakhs. Get repayment period of 10 to 20 years. Less documentation and no prepayment penalties. Check deals and apply now.
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Incorporated in the year of 2008, Edelweiss Broking Ltd. is an Indian Financial services company based in Mumbai, India. The company is registered with National Stock Exchange of India, Bombay Stock Exchange and MCX Stock Exchange.
Home Loan is offered to individuals who wish to construct or buy a house. The property bought or about to be constructed is mortgaged as collateral until the repayment of the loan is completed with full interest. The repayment of the loan generally depends on the capacity of the borrower. Normally, the home loan tenure ranges between 5 to 30 years. The borrower can opt either for floating type of interest or fixed interest rate. Home loan provides tax benefits to the borrowers.
Edelweiss offers a wide range of services in the home loan segment. It is the most preferred bank by all kinds of people for any financial service. Packed with exclusive benefits, Edelweiss Home Loans are tailor made catering to the needs of various customers.
Edelweiss home loan aims to help millions of people achieve their dream of owning a house.
The maximum loan amount is Rs.35 lakhs
Repayment period of 10 to 20 years.
As applicable and specified in the Terms & Conditions
The Rate of Interest will vary depending individual credit assessment of the customer and will be at the sole discretion of Edelweiss Housing Finance Limited
To avail the home loan from Edelweiss, you need to have the following eligibility criteria.
Important documents to be submitted while applying for home loans with Edelweiss
For guarantor (wherever applicable):
Your Edelweiss home loan can be repaid in following three ways.
Standing Instruction (SI):
If you are an existing account holder with Edelweiss, Standing Instruction is the best mode of repayment. Your EMI amount will be debited automatically at the end of the monthly cycle from the Edelweiss account you specify.
Electronic Clearing Service (ECS):
This mode can be used if you have a non-Edelweiss account and would like your EMIs to be debited automatically at the end of the monthly cycle from this account.
Post-Dated Cheques (PDCs):
You can submit post-dated EMI cheques from a non-Edelweiss account at your nearest Edelweiss Loan Centre. A fresh set of PDCs will have to be submitted in a timely manner. Please note Post Dated Cheques will be collected non-ECS locations only.
It is recommended that you opt for either the SI or ECS mode of payment for faster and less prone to error than the use of PDCs.
You can either apply online or visit a nearby Edelweiss branch for the application. You can also download the home loan application form from the Edelweiss official website, complete the form and submit it the bank representative.
A good credit score is really the starting point to get the best offers on home loans from all lenders, with a score above 750+ you will be able to get flexible repayment tenor, reduced interest rates and save on monthly EMIs.
You can also check your eligibility for a home loan through CreditMantri and apply for it.
1. What are processing fees on Edelweiss Home Loans?
Edelweiss provides home loans for a maximum of Rs.35 lakhs
2. Is there penalty for prepaying the Edelweiss Home Loan?
3. What is the maximum loan repayment period for Edelweiss home loans?
4. How Can I apply for a Edelweiss home loan?
You can either apply online or visit a nearest Edelweiss branch and take the help of the bank’s representative.
5. Does Edelweiss Bank facilitate balance home loan transfer?
Yes, you can transfer your existing home loan to Edelweiss Bank.
6. Can I get tax benefits from Edelweiss Home Loan?
As per Section 80C read with section 80CCE of the Income Tax Act, 1961 the principal repayment up to INR 150,000 on your home loan will be allowed as a deduction from the gross total income subject to fulfilment of prescribed conditions.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.