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?

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