Hero Housing Finance Home Loan
Hero Housing Finance Home Loan
Hero Housing Finance Ltd., a subsidiary of Hero FinCorp, was founded in 2016 to provide hassle-free home loans. It offers affordable home loans starting at a rate of interest of 9.00% per annum with a processing fee of up to Rs. 5,000 plus taxes, and sanctions loans in as little as 48 hours. Borrowers can use a Hero home loan to buy a new home, renovate or extend an existing home, or construct a house on a plot.
Hero Housing Finance Home Loan
Sanction in as Little as 48 Hours
Hero Housing Finance decides quickly, and we make sure your file is complete so nothing holds it up.
Up to 90% of Property Value
Hero funds a high share of the property value on smaller tickets, and we check what your profile qualifies for.
Nil Prepayment and Foreclosure Charges
Pay off early without a penalty, and we factor that into the plan we recommend.
One Relationship Manager, Start to Finish
A dedicated BASIC expert handles your file end to end, not a rotating call centre.
Hero Housing Finance Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Hero Housing Finance Home Loan Key Highlights
Get the lowest interest rates with Hero Housing Finance
Loan Amount: Up to Rs. 5 crore
Rate of Interest: Starts at 9.00% per annum
Processing Fee: Up to Rs. 5,000 + taxes (non-refundable)
Maximum Tenure for Repayment: 30 years for salaried and 20 years for self-employed applicants
Rate Packages: Fixed / Floating
Charges for Prepayment/Foreclosure: Nil
Hero Housing Finance Home Loan Interest Rates in 2026
The Hero Housing Finance rate of interest starts from 9.00% per annum and depends largely on the repayment capacity of the applicant and the type of plan chosen. The table below sets out the current rate:
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| Rate of Interest per Annum | Starts at 9.00% per annum |
Hero Housing Finance Home Loan Eligibility Criteria
It is worth going through the Hero Housing Finance eligibility criteria before applying. The common criteria cover income, repayment capability, age and nationality. The table below sets them out:
For Salaried Individuals
Age Range (in years)
Up to 65 years
Nationality
Indian residents
For Self-Employed Individuals
Age Range (in years)
Up to 70 years
Nationality
Indian residents
Hero Housing Finance Home Loan Processing Fee and Charges
Hero Housing Finance Ltd. sanctions most loans within 48 hours, and charges a processing fee of up to Rs. 5,000 plus taxes for the initial processing of the loan. The table below sets out all applicable fees:
| Processing Fee | Up to Rs. 5,000 + taxes |
| Penal Interest | 2% per month + taxes on the overdue payment |
| Disbursement Cheque Collection | Rs. 500 + taxes |
| Cheque / ECS Dishonour Charges | Rs. 1,000 + taxes |
| Switch to a Lower Rate | 0.5% or Rs. 2,500 + taxes, whichever is lower |
| Document Handling Charges | Rs. 300 per day + taxes, beyond 30 days from the date of closure |
| List of Documents | Nil for the first request, Rs. 500 + taxes thereafter |
| Document Copy Retrieval | Up to Rs. 3,000 + taxes |
Hero Housing Finance Home Loan Schemes and Top Plans
Hero Housing Finance Ltd. offers home loans with minimum documentation for buying, renovating or constructing a home. Here are the schemes that have gained popularity among borrowers:
- For financial aid to purchase a ready-to-move-in or under-construction home
- Up to 90% of the property value for properties priced below Rs. 30 lakh
- Up to 80% for properties priced between Rs. 30 lakh and Rs. 75 lakh
- Up to 75% for properties priced above Rs. 75 lakh
- For financial aid towards the renovation, extension or construction of a house
- Maximum repayment tenure of up to 20 years
- Hassle-free and easy EMI options
- Transfer an existing home loan from another lender to Hero Housing Finance
- Top-up facility available alongside the transfer
* Note: All of the above home loan plans are made available to applicants solely at the discretion of Hero Housing Finance, taking into consideration the earning and repayment capacity of the applicant.
Documents Required for Hero Housing Finance Home Loan
Go through the list of documents required before applying for a Hero home loan. These are common KYC documents covering proof of identity, age, address, income and property:
| Proof of Income |
|
| Other Required Documents |
|
| Proof of Income |
|
| Other Required Documents |
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| Identity & Address Proof |
|
| Documents Related to Property |
|
Apply for a Hero Housing Finance Home Loan Through BASIC Home Loan
Applying for a Hero Housing Finance home loan is straightforward and can be done online as follows:
Apply Now on the BASIC Website
Head to the APPLY NOW section on the BASIC Home Loan website.
Share Your Requirement
Enter your name, contact details, loan amount and pincode, then submit the form.
We Take It Forward With Hero
The BASIC Home Loan team reaches out and initiates a hassle-free home loan application process.
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