Sundaram Finance is a leading non-banking financial institution that is registered under RBI. The company provides various financial products to its customers at attractive rates
What is Sundaram Finance?
Sundaram Finance was founded in 1954 in Chennai as a financial and investment service provider. It is one the leading NBFC in India which provides various financial products including Fixed deposits, Vehicle Loan, Home Loan, private equity, treasury advisory etc. The company has been registered under the Reserve Bank of India (RBI) Systematically Important Deposit Accepting Non-Banking Financial Company.
Sundaram Finance offers various home loan products to its customers based on their home loan requirements. The interest rates offered by Sundaram Finance are one of the lowest and best in the financial sector in India. It currently offers interest on home loans at 6.95%, with loan-to value ratio being 85% of the property cost with a maximum repayment tenure of 20 years.
Key Facts about Sundaram Finance Home Loan
|
Particulars |
Features |
|
Rate of Interest |
Starts from 6.95% p.a. |
|
Maximum Loan Period |
20 years |
|
Eligibility Criteria |
18 – 65 years |
|
Eligible |
Salaried/Self-Employed |
|
Interest Rate Linked to |
PLR |
|
EMI |
Rs. 772 per lakh |
|
Insurance |
Insurance with Royal Sundaram |
|
Repayment |
Flexible Repayment Options |
|
Co-applicant |
Yes |
|
Tax Benefit |
Available under 80 C and 24 (b) of the Income Tax Act,1961 |
|
Part-Payment Charges |
Only three-part payments in a financial year , with each prepayment equal to not less than 6 EMIs, are provided free of charge |