GRUH Finance Home Loans- Build Your Dream

Having your own house is a big relief. But building a house is a big step. Our dreams are attached with the house. The emotions in building the house have some anxiety with some frustration. The property rates now a days is a big matter of concern. It is very difficult to buy your own house even through your entire savings. It is practically impossible.

The best option to fund your self to build your own house is getting credit for house . Usually a home  is one of the biggest liabilities. Considering the huge amount and the long long credit tenure, it offers you some benefits. GRUH finance home loans is the best option to get yourself fund to build your dream house.

GRUH Finance limited is a subsidiary of HDFC limited. It is a housing finance company which offers loans to fulfill all the economical needs of the house. It has its headquarters in Ahmedabad. It is one the leading Housing Finance Company in the country rendering its services to the people of the country. It offers many exciting and the most beneficial house credits.

Keeping in mind, the different needs of different customers GRUH finance home loan is based upon many favourable features. It offers  very attractive interest rates. The disbursement process is very quick and convenient. It also offers insurance options to protect your house from future disasters. It offers the insurance at very attractive premium rates. It also provides fast turnaround. Both salaried and self employed persons can apply for the credit. Even the people who do not have any formal proof of income can apply easily for the credit in the bank.

It offers multiple types of home loans products which are designed to meet the specific requirements of the customers. The offer products offered by the institution includes Suraksha, Suvidha, Sajavat and Samruddhi.

Advantages of GRUH Finance Home Loans

• Small EMIs: This institution provides longer tenures depending upon the home loans products because of which the applicant have the relief of paying smaller EMIs.

• Home Loans Products: It offers many house credit products which is to be chosen according to the needs and requirements of the applicant.

• Variable rate of interest: The institution provides various interest rates options. They provide interest on fixed, semi fixed as well as flexible rates.

• Flexible Installment Plans: It is the plan which is designed to meet the  needs of the multiple earning members of the family whose earning age will end at a different point of time. This plan is only available at fixed rate of interest.

• Set up repayment Facility: This plan is also available at fixed rates of interest. In this plan the installments are low in the initial years and after some years the installment amount is increased. This plan was set to decrease the customer’s burden.

• Pension FLIP: This product takes the combined income of all the family members into consideration. The family income here includes the salary income as well as pension. This scheme is also available at fixed rates of interests.

Products Offered By GRUH Finance Home Loans

• Suraksha GRUH Finance Home Loan : It is offered to salaried employee of government as well as private corporate and professionals. The tenure of this product is very long. The repayment tenure is upto 25 years. The maximum amount of credit offered to the applicants can be 75%, 80% and 85% of the property cost depending upon the needs of the customers. The rate of interest charged on these credits is between 9.75% to 12.5% per annum.

• Suvidha GRUH Finance Home Loan: This is offered to professional as well as self employed persons. The eligibility criteria is depends on the income of the people. The repayment tenure of the credit is upto 15 years. The maximum amount of credit can be 75%, 80% as well as 85% of the property cost. The maximum amount of the credit depends on the applicant’s credit score, income etc. Interest can be charged at fixed, semi fixed  and flexible rate, according to the choice of the applicant. Basically the rate of interest charged on these products is between 10% to 13.5 % per annum.

• Sajavat GRUH Finance Home Loan: This credit is offered to self employed and professional for the basic purpose of repair and renovation of existing residential units in cities, villages or towns. The repayment tenure is upto 15 %. The maximum credit offered in this product is also 75 %, 80% and 85% of the property cost. The rate of interest is charged between 11% to 13.75 % per annum depending upon the credit amount.

• Samruddhi GRUH Finance Home Loan: Credits are available for purchase of premises for business purposes. This credit is available at variable interest rate options and monthly amortization and is charged between 12.5 to 15.5% per annum. Similar to all products the maximum credit amount is offered upto 75% , 80% and 85% of the property cost. The repayment tenure is upto 15 years after the disbursement of the credit.