Poonawalla Housing Finance Home Loan
Poonawalla Housing Finance Home Loan
Make home-buying a reality with the affordable home loan schemes offered by Poonawalla Housing Finance. The NBFC offers a host of home loan products at interest rates starting at 8.00% per annum. It also invites customers of other lenders to transfer their outstanding loan to Poonawalla and avail of lower interest rates through its balance transfer facility. Documentation is kept to a minimum for a hassle-free experience, and the NBFC offers doorstep service.
Poonawalla Housing Finance Home Loan
Doorstep Service as Standard
Poonawalla brings the process to you, and we coordinate the visit so nothing is missed.
Minimum Documentation
Poonawalla keeps paperwork light, and we make sure what you do submit is right the first time.
Balance Transfer at a Lower Rate
If you are paying more elsewhere, we compare what a transfer to Poonawalla would actually save you.
One Relationship Manager, Start to Finish
A dedicated BASIC expert handles your file end to end, not a rotating call centre.
Poonawalla 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
Poonawalla Housing Finance Home Loan Key Highlights
Get the lowest interest rates with Poonawalla Housing Finance
Loan Amount: Rs. 5 lakh onwards
Rate of Interest: 8.00%
22.00% per annum
Processing Fee: 0.50% of the approved loan amount + GST as applicable
Maximum Tenure for Repayment: Up to 30 years
Penal Rate of Interest: 2.50% per month
Charges for Prepayment/Foreclosure: As per the loan agreement on fixed-rate home loans; no charges on floating-rate home loans
Poonawalla Housing Finance Home Loan Interest Rates in 2026
Poonawalla aims to make housing finance affordable and accessible, which is why the NBFC offers competitive interest rates with no hidden charges in the application process. The table below sets out the standard range of interest rates offered:
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| Home Loan | 8.00% - 21.05% p.a. |
| Loan Against Property | 10.39% - 25.50% p.a. |
Poonawalla Housing Finance Home Loan Eligibility Criteria
To be considered eligible for a home loan with Poonawalla Housing Finance, you must meet a set of criteria laid out by the NBFC. The table below lists the eligibility criteria your application should match:
For Salaried Individuals
Age Range (in years)
21-65 years
Nationality
Indian
Minimum Income Earned
At least Rs. 20,000 per month
For Self-Employed Individuals
Age Range (in years)
21-65 years
Nationality
Indian
Minimum Income Earned
Rs. 3 lakh minimum gross income per annum
Poonawalla Housing Finance Home Loan Processing Fee and Charges
To process the home loan applications of its customers, Poonawalla Housing Finance levies the following charges. The table below lists the processing fee and all additional costs applied as part of home loan processing:
| Processing Fee | 0.50% of the loan amount sanctioned |
| Foreclosure Charges | Fixed-rate home loans: as per the loan agreement; floating-rate home loans: no foreclosure charges |
| Login Fee (Non-Refundable) | Not exceeding Rs. 10,000 |
| CERSAI Charges | Up to 2% of the loan amount sanctioned |
| Cancellation / Rebooking Charges | Rs. 5,000 |
| Penalty Charges for Delay in Repayment | 2.50% per month |
| List of Documents Charges | Rs. 500 |
| Foreclosure Letter Charges | Rs. 1,500 |
| Over the Counter Service Charges | As applicable at the time of service |
Poonawalla Housing Finance Home Loan Schemes and Top Plans
Every loan applicant has a specific requirement. Poonawalla Housing Finance offers a variety of home loan options on that basis. The most popular ones include:
- Designed to let applicants create more space within an existing residential property
- Examples include converting a balcony into a room, building an additional room, or expanding the existing living space
- Ideal for buying a constructed residential property or one under construction
- The loan amount can also be used for buying an existing property
- Transfer your outstanding loan from another lender to Poonawalla at a lower rate of interest
- Helps reduce the load of higher EMIs
- Used to make improvements or upgrades to an existing property, such as redesigning interiors, kitchen remodelling or home maintenance
- Useful for financing emergency requirements
- Can be topped up over the existing loan amount
- Helpful if you want to build your own house from scratch
- Competitive rates make buying a plot and constructing a home affordable
- Can also be used to buy a plot for investment purposes
* Note: All of the above home loan plans are made available to applicants solely at the discretion of Poonawalla Housing Finance Ltd., taking into consideration the earning and repayment capacity of the applicant.
Documents Required for Poonawalla Housing Finance Home Loan
Your home loan application is incomplete without a full set of documents. Listed below are the documents commonly accepted by Poonawalla Housing Finance from its home loan applicants:
| Proof of Income |
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| Other Required Documents |
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| Proof of Income |
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| Other Required Documents |
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| Identity & Address Proof |
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| Documents Related to Property |
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Apply for a Poonawalla Housing Finance Home Loan Through BASIC Home Loan
If you would like to apply for a Poonawalla home loan from the comfort of your home, follow this simple online procedure:
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 address and number, loan amount and other details, then submit the form.
We Take It Forward With Poonawalla
A BASIC Home Loan team member connects with you to assist with the Poonawalla home loan application process.
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