CreditMantri matches your credit and demographic profile to Edelweiss Home Loan lending criteria - others just match your demographic criteria. We shortlist lenders willing to lend to you based on our proprietary matching algorithm.
In effect, we pre-screen your application to make sure you are likely to qualify as per the lender’s credit criteria. We upfront check whether you qualify for Edelweiss Home Loan. Hence the chances of your Edelweiss Home Loan application getting approved is higher.
Edelweiss was founded in November 1995 with operations starting from February 1996. It is a diversified financial services company headquartered in Mumbai, India and offers a wide variety of financial products and services tailored to its customer’s needs. The Group’s focus is on providing credit—Edelweiss offers a wide range of Housing Finance and other retail credit products aiming at addressing various financial needs. The products offered by Edelweiss includes housing loans and loans against property among others.
Are you thinking of buying your dream home? Perhaps, you are on the search for the perfect location. Or maybe, you are just looking around for something that suits your budget. Whatever the case, everyone needs that much-needed financial help when it comes to buying their home. A home loan from Edelweiss is one option to help you fund your dream home. Owing your home can offer lifelong mental peace of mind as well, provided you plan your finances intelligently and are responsible. Taking a home loan is not a piece of cake and demands a significant chunk of your income towards making your monthly EMI payment. Read on to know the features and the benefits on offer with Edelweiss home loans.
A home loan from Edelweiss could be used for the following:
Edelweiss tailors its home loan offers as per the customer’s credit worth and repayment history. Under the Assessed Income Program, Edelweiss offers home loans up to Rs. 35 lacs subject to eligibility and other criteria.
For salaried employees
Ranges from 10 to 20 years
For Self Employed professionals
Ranges from 10 to 20 years
The applicant should be either be a salaried or self-employed professional with the ability to make the initial down payment. He / she should have a suitable repayment capacity as assessed by Edelweiss. Co-applicants on the loan could include father / mother / brother / sister / relatives.
The Rate of Interest varies depending on the credit history of the applicant among other factors and is at the sole discretion of Edelweiss Housing Finance Limited. For the most accurate and up to date interest rates, it is advisable to contact Edelweiss Housing Finance Limited directly.
Service charges, levies, processing fees, and other taxes / fees will be charged as per the prevailing rate. The rates, fees, charges etc. are subject to changes / revision from time to time.
For the Salaried:
For the Self-employed:
You will be given an application number while you apply for a home loan which you will need to keep handy for future referencing. You can contact Edelweiss Housing Finance customer care for help with tracking of your home loan application while quoting the application number.
Who is eligible to apply for a loan?
Any salaried or self-employed Indian national who is credit worthy and has a suitable net worth and repayment capacity is eligible to apply for a home loan from Edelweiss.
When can I apply for a home loan?
You can apply for a home loan anytime, even if you are yet to select a property or the construction of your chosen property is yet to begin.
What is the maximum amount of money I can borrow?
The maximum amount that you can borrow depends on several important factors such as your income, repayment capacity, credit history, etc.
How is my eligibility determined?
While determining your eligibility, various factors are taken into consideration. It is assessed based on various factors like your age, income, savings, stable employment history, any ongoing monthly EMIs on other loans, financial discipline, continuity of income, educational qualifications, assets, and repayment history / credit history. Loans are approved only after detailed investigations and cash flow assessment in addition to scrutiny of business financials (for self-employed).
The simplified processing formalities facilitates loan borrowings from Edelweiss with ease. It offers an array of finance products to suit every need and budget, and simplifies quick completion of the formalities once the loan is approved.