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Sundaram BNP Paribas Home Finance provides home loans with speedy sanctions. Get transparent processes and personalized services. Low processing fees with tenure up to 30 years. Interest rate starts from 10.25% onwards. Check eligibility now!
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About Sundaram BNP Paribas
Sundaram Home Finance Limited was incorporated in 1999. It is a subsidiary of Sundaram Finance Limited. In 2007, BNP Paribas Personal Finance entered into a joint venture with Sundaram Finance Limited and subsequently acquired a 49.9% stake in Sundaram Home Finance Limited. The company was renamed Sundaram BNP Paribas Home Finance Limited.
Sundaram Finance is one of the leading NBFCs in the country and provides an array of housing loans. These loans are among the cheapest loans available on the market and are a good way of raising funds without selling your property asset. The interest rates on this type of loan are lower than a personal loan.
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.
Sundaram BNP Paribas 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, Sundaram BNP Paribas Home Loans are tailor made catering to the needs of various customers.
Objective: Sundaram BNP Paribas home loan aims to help millions of people achieve their dream of owning a house.
Loan Amount: The home loan amount is subject to the market value of the property. For property value above INR 75 Lakhs, you will get 75% of the funding.
Rate of Interest: Starts from 10.25% onwards
Tenure: The repayment period is 30 years
Important documents to be submitted while applying for home loans with Sundaram BNP Paribas
For guarantor (wherever applicable):
Your Sundaram BNP Paribas home loan can be repaid in following three ways.
Standing Instruction (SI):
If you are an existing account holder with Sundaram BNP Paribas, Standing Instruction is the best mode of repayment. Your EMI amount will be debited automatically at the end of the monthly cycle from the Sundaram BNP Paribas account you specify.
Electronic Clearing Service (ECS):
This mode can be used if you have a non-Sundaram BNP Paribas 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-Sundaram BNP Paribas account at your nearest Sundaram BNP Paribas 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 Sundaram BNP Paribas branch for the application. You can also download the home loan application form from the Sundaram BNP Paribas official website, complete the form and submit it the bank representative.
You can also check your eligibility for a home loan through CreditMantri and apply for it.
With attractive interest rates and low processing fees, Sundaram BNP Paribas caters to the needs of various sections of people.Floating and fixed type of interest rate are available according to the preference of the customers. The borrowers can prepay the Sundaram BNP Paribas home loan without any penalty. Sundaram BNP Paribas home loan is the best option to buy or construct your dream house.
1. Is there penalty for prepaying the Sundaram BNP Paribas Home Loan?
No penalty is levied for prepaying the Sundaram BNP Paribas Home Loan.
2. Can I top up my existing Home Loan?
Yes, you can get additional funding on your existing home loan.
3. What is the maximum loan repayment period for Sundaram BNP Paribas home loans?
The maximum repayment period is 30 years.
4. How Can I apply for Sundaram BNP Paribas home loan?
You can either apply online or visit a nearest Sundaram BNP Paribas branch and take the help of the bank’s representative.
5. What is the maximum loan amount provided by Sundaram BNP Paribas?
The maximum loan amount depends on the market value of the property.
6. Does Sundaram BNP Paribas facilitate balance home loan transfer?
Yes, you can transfer your existing home loan to Sundaram BNP Paribas.
7. Can I get tax benefits from Sundaram BNP Paribas 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.
"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!"
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