Apply for Sundaram BNP Paribas Home Finance

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Why apply through CreditMantri

CreditMantri matches your credit and demographic profile to Sundaram BNP Paribas Home Finance 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 Sundaram BNP Paribas Home Finance. Hence the chances of your Sundaram BNP Paribas Home Finance application getting approved is higher.

max tenure

20 yrs

processing fee

10000₹

best rate

9.45%

  • Speedy sanctions
  • Transparent process
  • Personalised services
  • Flexible approach
  • Interest rate - 9.45%
  • Processing fee - Rs.10000
  • Application form with photograph
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Utility bill, Ration card, Employers letter, Bank statement , office address proof (self employed)
  • Salaried - Salary slip and bank statement for 3 months, Self employed - Office address proof, Last 2 years IT return attested by CA, bank statement for 6 months
  • Property related documents, Processing fee cheque

About Sundaram BNP Paribas:

Sundaram Home Finance Limited was incorporated in the year 1999, as a subsidiary of Sundaram Finance Limited. In 2007, Sundaram Finance Limited entered into a joint venture with BNP Paribas Personal Finance. BNP Paribas subsequently acquired a 49.9% stake in Sundaram Home Finance Limited which led the company to be renamed “Sundaram Finance Group”.

Today, Sundaram Finance Group is one of the leading NBFCs in India, and provides a range of housing loans including loans for house construction on pre-owned land, loans for purchase of an apartment or house from a certified builder, and loans for purchase of a pre-existing freehold property, apartment, house or bungalow. You can also apply for a Home Extention Loan if you plan to add a floor, or a room, or extend your existing home in any way.

Sundaram BNP Paribas Home Loan

Everyone needs some much-needed financial help when it comes to buying their home. A home loan from Sundaram BNP Paribas is one option to help you fund your dream home. Owning a home is the aim of almost every Indian, if not the aim of millions the world over. It is a valuable, and often appreciating, asset and owing your home can offer lifelong mental peace of mind as well, so long as you are financially 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!

Features of Sundaram BNP Paribas Home Loan

A home loan from Sundaram BNP Paribas could be used for the following:

  • To construct a house on your plot of land
  • To purchase a new apartment/row house, bungalow from a builder
  • To purchase freehold property apartment/row house, bungalow

Amount of Loan:

For Home Loans up to Rs. 20 Lakhs:

85% of the cost of the property, subject to valuation of the property and repayment capacity as assessed by Sundaram BNP Paribas Home Finance Limited.

For Home Loans above Rs. 20 Lakhs and up to Rs. 75 Lakhs:

80% of the cost of the property, subject to valuation of the property and repayment capacity as assessed by Sundaram BNP Paribas Home Finance Limited.

For Home Loans above Rs. 75 Lakhs:

75% of the cost of the property, subject to valuation of the property and repayment capacity as assessed by Sundaram BNP Paribas Home Finance Limited.

Tenure of the loan:

For salaried employees

20 years or retirement age, whichever is earlier

For Self Employed professionals

15 years or 65 years, whichever is earlier

For NRIs

15 years or retirement age, whichever is earlier

Sundaram BNP Paribas home loan eligibility

The applicant should be either be salaried or self-employed with the ability to make the initial down payment and suitable repayment capacity as assessed by Sundaram BNP. Co-applicants on the loan could include father / mother / brother / sister / relatives. However, co-applicants on the loan are required to be co-owners of the property.

For Persons of Indian Origin (PIO) and NRIs, the loan will be governed by the regulations under FEMA ( Foreign Exchange Management Act) and RBI guidelines.

Sundaram BNP Paribas Home Loan Interest Rate

The rate of interest on Sundaram BNP Paribas Home Loan is linked to SH-Prime Lending Rate (SH-PLR). The SH-PLR has reduced from 15.40% p.a. to 15.15% p.a. For the most accurate and up to date interest rates, it is advisable to contact Sundaram BNP Paribas directly.

Sundaram BNP Paribas Home Loan Documents Required

For the Salaried:

  • Last 3 months salary slip
  • Employment proof
  • Form 16/Latest Income –Tax Return
  • Bank statement for the last six months
  • ID proof, address proof and Proof of age

For the Self-employed:

  • Profit & Loss Account and Balance Sheet for the last three years of the Company and Individual.
  • Income-Tax Returns for the last three years of the Company and Individual / copy of the tax paid challan.
  • Bank statement for the last six months of the company and Individual.
  • Business continuity proof and business profile.
  • ID proof, address proof and Proof of age

Sundaram BNP Paribas Home Loan Status Check

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 Sundaram Finance customer care for help with tracking of your home loan application while quoting the application number.

Sundaram BNP Paribas home Loan FAQs

Who is eligible to apply for a loan?

Any salaried or self-employed Indian national / Person of Indian origin / NRI with suitable net worth and repayment capacity is eligible to apply for a loan.

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 by Sundaram BNP?

While determining your eligibility, various factors are taken into consideration—your age, income, stable employment history, any ongoing monthly EMIs on other loans, savings you have in your bank account, repayment history / credit history and qualifications are some of the major criteria which are considered.

Sundaram BNP Paribas Home Loan Review

The simplified processing formalities facilitates loan borrowings from Sundaram 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.

How to Get Home Loan from Sundaram BNP Paribas

  • Offline: You can visit your nearest Sundaram Finance branch to discuss your eligibility and for details on your home loan. You can submit your completed application form along with the required documents when you visit the branch. You also can call the customer care number at any of the branches for help in the loan process.
  • Online: You can download the application form which is available at the Sundaram website and send the filled in form to your nearest branch along with the copy of necessary documents. A representative will get in touch with you regarding the process.
  • Need help? Alternatively, if you think you need advice on loan eligibility, choosing the most suitable offer, help with your loan application and documentation, CreditMantri can guide you through the entire process and match you with the loan offer that best suits your profile.

Customer Reviews

Sundaram Bnp Paribas Home Finance
5.0 / 5 (1 Reviews)
  • 5/ 5

"Simple application process Getting finance to buy your dream home can be a nightmare if you do it with no help. I decided to apply though Creditmantri and I am glad I did. I just needed to sign up with them and create my profile. They gave me a list of offers that I was eligible for. I simply had to choose from that. I compared the interest rates, and chose Sundaram. Now I am waiting for my loan amount to be disbursed. My application has been approved and verification is going on. Fingers crossed that I will get my loan amount soon. I have had a very smooth and pleasant experience, opposite to what I had been dreading before I found CreditMantri. Thanks CreditMantri!"