HomeFirst Finance Company Housing Loan Processing Fee Schedule

Home First Finance Company Housing Loan Processing Fees Schedule

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Home loan processing fee – Get all the details about home loan processing fees and documentation charges.

This fee schedule contains all the fees and charges applicable to various services. (updated on 1st March 2022)

Fees and charges applicable on various services are as follows (updated as on 1st September, 2023)
Name of the HFC: Home First Finance Company India Limited

Fees & Charges for Home Loans,LAP, Shop Loan, and Other(Excluding Top-Up)
Price Grid Login Fees Project Appraisal Charges Total Project Appraisal Charges
HL/Others LAP/Shop HL/Others LAP/Shop
Upto ₹10L ₹2500 + GST ₹10000 + GST ₹22500 + GST ₹12500 + GST ₹25000 + GST
₹10L – ₹20L ₹2500 + GST ₹21500 + GST ₹27500 + GST ₹24000 + GST ₹30000 + GST
₹20L + ₹2500 + GST ₹25500 + GST ₹37500 + GST ₹28000 + GST ₹40000 + GST
** The above fees and charges are not applicable to Top-Ups
Fees & Charges for Top Ups Only:
Price Grid Total Project Appraisal Charges
Top Up
Upto ₹50k ₹3000 + GST
₹50k – 2.5L ₹5000 + GST
₹2.5L + ₹10000 + GST

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Also read:

Types of Loans Available With HomeFirst

Documents Required for a Loan Application

Home Loan Terms You Should Know Before Taking Home Loan

Home Loan Without Income Proof

Minimum Documents Required for Home Loan

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Interest rates and other charges depend on the products. Please refer to the individual product pages for the rates.

Your home loan will be processed in 2 steps:

  1. You receive the approval of your home loan.
  2. You sign the loan agreement papers and complete other necessary documentation. The loan amount is thereafter paid directly to the builder by Home First Finance Company.

Loan decisions are made in less than a week. You will receive an SMS on your registered mobile number as soon as we make a decision.

HomeFirst does not charge any prepayment fees. This applies to both partial and full repayments. In fact, we have a special Auto-Prepay feature to facilitate this process for you.

HomeFirst offers loan tenures between 1 year to 25 years. If you opt for a longer tenure, you can get the advantage of a lower EMI each month.

HomeFirst can provide finance up to 90% of the property value. The balance has to be arranged by you from other sources. Please note: 90% financing is only available for loans amounting to less than Rs. 30 lakhs.

All co-owners of the property have to be co-applicants to the loan. A person who is not a co-owner can also become a co-applicant to the loan.

During the construction phase, HomeFirst will disburse funds to the builder on your behalf. These will be based on payment requests made by the builder as per the construction schedule.

HomeFirst will charge interest only on the amount disbursed as loan during the construction phase. In this period, interest is charged only on the disbursed loan amount. For example, if you have a sanctioned loan of Rs 10 lakhs, but the property is under construction and we have disbursed only Rs 4 lakhs, you will be charged interest only on 4 lakhs. These interest payments are referred to as pre-EMI interest payments.

EMI payments will start only after completion of the project and registration of the property.

All cheques to HomeFirst should be written out in favor of ‘Home First Finance Company India Limited’.

In the event of an unfortunate incident, home loan insurance will help you or your family pay off the home loan. This ensures that the burden does not suddenly fall upon family members at a bad time.

Send us your resume on careers@homefirstindia.com with the position you are applying for in the subject line.