SMFG India Home Finance Home Loan
SMFG India Home Finance Home Loan
SMFG India Home Finance Company, or SMFG Grihashakti, formerly known as Fullerton India Home Finance Company Limited, is a popular Non-Banking Financial Company (NBFC) in India offering home loan disbursement within 72 hours of loan approval. The NBFC offers home loans at a rate of interest starting from 9.50% per annum and charges a processing fee of up to 3% of the loan amount. SMFG India offers home loans up to Rs. 5 crore for a maximum repayment period of up to 30 years, and applicants can choose between floating and fixed rates.
SMFG India Home Finance Home Loan
Disbursal Within 72 Hours of Approval
SMFG India is built for speed, and we make sure your file is complete so nothing holds it up.
Salaried or Self-Employed, Both Covered
SMFG India lends to both profiles, and we match you to the scheme that suits your income type.
A Concessional Rate for Women Borrowers
SMFG India runs a dedicated scheme for working women, and we check whether you qualify.
One Relationship Manager, Start to Finish
A dedicated BASIC expert handles your file end to end, not a rotating call centre.
SMFG India Home 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
SMFG India Home Finance Home Loan Key Highlights
Get the lowest interest rates with SMFG India Home Finance
Loan Amount: Up to Rs. 5 crore
Rate of Interest: 9.50% per annum onwards
Processing Fee: Up to 3% of the loan amount
Maximum Tenure for Repayment: 30 years
Rate Packages: Fixed / Floating
Charges for Prepayment/Foreclosure: Fixed (0-12 months) 7% of the amount prepaid; Fixed (over 12 months) 5% of the amount prepaid; Floating: nil
SMFG India Home Finance Home Loan Interest Rates in 2026
SMFG India offers quick housing loan schemes to those interested in buying, constructing or renovating a home, or transferring the outstanding balance of an existing home loan from another lender. Rates start at 9.50% per annum for salaried applicants and 10.50% per annum for self-employed applicants. The table below lists SMFG India home loan interest rates for 2026:
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| Home Purchase Loan | Salaried: 9.50% p.a. onwards | Self-employed: 10.50% p.a. onwards |
| Home Construction Loan | Salaried: 9.50% p.a. onwards | Self-employed: 10.50% p.a. onwards |
| Home Renovation Loan | Salaried: 9.50% p.a. onwards | Self-employed: 10.50% p.a. onwards |
| Home Extension Loan | Salaried: 9.50% p.a. onwards | Self-employed: 10.50% p.a. onwards |
| Home Loan for Working Women | Salaried: 9.50% p.a. onwards | Self-employed: 10.50% p.a. onwards |
| Balance Transfer Home Loan | Salaried: 9.50% p.a. onwards | Self-employed: 10.50% p.a. onwards |
SMFG India Home Finance Home Loan Eligibility Criteria
It is mandatory to fulfil the eligibility criteria set by banks and NBFCs to avail of a home loan. SMFG India sets its criteria on factors such as the applicant age, income, credit score, nationality and employment status. The table below clarifies the SMFG India home finance eligibility criteria:
For Salaried Individuals
Age Range (in years)
21-65 years
Nationality
Indian residents
For Self-Employed Individuals
Age Range (in years)
21-65 years
Nationality
Indian residents
SMFG India Home Finance Processing Fee and Charges
SMFG India charges up to 3% of the loan amount as the processing fee on all home loan applications, which helps the NBFC recover the expenses incurred in processing them. Besides the processing fee, some other charges apply. The table below sets them out:
| Processing Fee | Up to 3% of the loan amount |
| Application Fee | Loan amount up to Rs. 10 lakh: Rs. 2,500; above Rs. 10 lakh and up to Rs. 25 lakh: Rs. 3,500; above Rs. 25 lakh and up to Rs. 50 lakh: Rs. 4,500 |
| Stamp Fee | As per state laws + 5% stamping amount |
| Penal Interest | Up to 2% per month of the overdue EMI from the due date |
| Cheque Bounce Charges | Rs. 500 per instance |
| Swapping Charges | Rs. 600 per instance |
| Application Fee for Rural Cases | Rs. 2,000 |
| Part Disbursal / Per Tranche Fee | Rs. 600 per tranche |
| Documentation Charges | Loan amount up to Rs. 25 lakh: Rs. 1,500; above Rs. 25 lakh: Rs. 3,000 |
| CERSAI Charges | Loans up to Rs. 5 lakh: Rs. 110; loans above Rs. 5 lakh: Rs. 210 |
| Foreclosure Charges | Fixed (0-12 months): 7% of the amount prepaid; Fixed (over 12 months): 5% of the amount prepaid; Floating: nil |
| Rate of Interest Conversion Fee | Up to 1% of the outstanding loan amount |
| Collection of Cash / Cheque | Rs. 500 |
SMFG India Home Finance Home Loan Schemes and Top Plans
All kinds of home loan schemes are open to eligible applicants at SMFG India, from home purchase, construction, extension and renovation to balance transfer. Listed below are the details of these schemes:
- An ideal scheme to buy a new or resale residential property
- Maximum loan amount of up to Rs. 5 crore or up to 90% of the cost of construction
- Maximum repayment period of up to 30 years
- Suited to constructing a home on a plot you already own
- Maximum loan amount of up to Rs. 5 crore or up to 90% of the cost of construction
- Maximum repayment period of up to 30 years
- For renovating an existing home through painting, flooring, carpentry and plumbing
- Maximum loan amount of up to Rs. 5 crore or up to 90% of the cost of construction
- Maximum repayment period of up to 30 years
- For extending an existing home by adding rooms, a balcony or floors
- Maximum loan amount of up to Rs. 5 crore or up to 90% of the cost of construction
- Maximum repayment period of up to 30 years
- Special concessional interest rate for women borrowers
- Faster disbursal within 72 hours of application approval
- Easy repayment through ECS or post-dated cheques
- Flexible way of shifting an outstanding loan amount from another lender to SMFG India
- Lower interest rates
- Maximum repayment period of up to 30 years
* Note: All of the above home loan plans are made available to applicants solely at the discretion of SMFG India Home Finance, taking into consideration the earning and repayment capacity of the applicant.
Documents Required for SMFG India Home Finance Home Loan
The SMFG India Home Finance documents list is shared below so you do not miss any crucial document while applying. Requirements vary slightly between salaried and self-employed 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 an SMFG India Home Finance Home Loan Through BASIC Home Loan
SMFG India offers quick home loans to salaried and self-employed applicants. The application is simplest online, by following the steps below:
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 number, loan amount and pincode, then submit the form.
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A BASIC Home Loan expert checks your eligibility and helps you apply for an SMFG India home loan.
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