Home Loan: Interest Rate & Charges

Turn your dream of owning a home into a reality, and do so affordably with the Poonawalla Fincorp Home Loan. We offer one of the most competitive home loan interest rates in the market to ensure that you have a cost-effective experience. To add to that, we only charge you nominal fees and maintain 100% transparency. There are no hidden charges whatsoever.

Home Loan Fees & Charges

	Interest Rate Purchasing or building your dream home is effortless with Poonawalla Fincorp. We offer home loans with interest rates starting at just 9.55%. Combined with our other nominal charges and standout features, you can be assured of a pocket-friendly experience.
	Processing Fee To keep costs in check, our home loans have a processing fee that ranges between 1% and 2% of the loan sanction, plus taxes.
	Foreclosure Charges Borrowers can foreclose a Poonawalla Fincorp Home Loan by paying a nominal fee. This is only applicable on fixed rate home loans and the amount payable is as per the terms & conditions specified by NHB. There is no charge for foreclosing a floating rate home loan.
	Other Fees & Charges We levy a few other administrative charges to process a loan application and you can find all of these listed in the downloadable loan document.

As a general practice, prepaying your home loan is a good idea. It is a sign of good financial fitness as you can both repay debt and put surplus cash to use towards clearing it sooner. However, despite the benefits of prepaying a home loan, there is room for error. To ensure you get the most out of it, and avoid common pitfalls, take a look at these pointers.

Foreclosing a home loan ahead of the tenure is a great way to save on interest. It is a hefty payment, but usually worth it. To ensure you have a smooth experience during such an undertaking, here are a few guidelines to adhere to.

What is the rate of interest on a home loan?

The Poonawalla Fincorp Home Loan interest rate starts at 9.55%. With this competitive rate, you can finance your dream home affordably, while keeping interest outgo in check.

What is the processing fee charged for a home loan?

We levy a nominal processing fee, which is 1% to 2% of the loan amount, plus taxes. This is a charge for handling loan processing and other such services offered.

Do I have to pay a foreclosure fee on a fixed-rate loan?

Yes. Foreclosing a fixed-rate loan does attract a charge, which is set based on the terms and conditions specified by the NHB for Fixed Rate Home Loans. This charge will be clearly listed in the loan agreement.

How can I get the lowest interest rate on the Poonawalla Fincorp Home Loan?

Securing the lowest home loan interest rates is crucial to borrowing affordably. Here are few tips you can rely on to get the best deal.

What are the other fees & charges applicable on the Poonawalla Fincorp Home Loan?

There are a few charges applicable during loan processing, and you will find all of these listed in the loan documents. Some of these charges are: