New Habitat Housing Finance Home Loan

About New Habitat Housing Finance Home Loan

Every individual dream to be an owner of their home, which is perhaps the most valued aspiration. Keeping in view, New Habitat Housing Finance and Development Limited(NHHFDL) offers a hassle-free experience in turning your dreams into reality by providing home loans for buying or constructing your house.

Home Loan

Eligibility & Quotes from top PSU & Pvt. Banks | Lowest Interest Rates | Comfortable Tenure

    Almost done, few more details required.

    New Habitat Housing Finance offers home loans under following categories:

    • Purchase of residential house/apartment/bungalow
    • Purchase of under construction property
    • Self-construction of residential property
    • Composite Loan (Plot + Construction)

    New Habitat Housing Finance Home Loan Interest Rates

    Salaried and Self-employed Professionals are eligible to apply for New Habitat Housing Finance Home Loans.

    ParticularsDescription
    Interest RatesFloating rate : 12% and above
    Loan Amount₹1 Lakh and Above
    Tenure5 years To 25 years
    Max 70 years
    Processing FeesSalaried: 1% of the loan amount sanctioned + applicable taxes and surcharge
    Self-Employed: 1.5% of loan amount + applicable taxes and surcharge
    Pre-payment or ForeclosureNo prepayment charges
    Loan to ValueHome loans upto 80% of property value

    New Habitat Housing Finance EMI Calculator

    New Habitat Housing Finance EMI Calculator helps you to calculate your EMI for a particular loan at lower interest rates. Now conversion of loan amount into simple EMI comes easy and hassle free. You need to enter details such as loan amount, the number of months and interest rate applicable on your loan. The final value derived from the calculator will be your actual EMI payable after a specified period of time.

    For example: A salaried employee of a US based MNC, earning ₹65000 per month have applied for a home loan of ₹25 lakhs with New Habitat Housing Finance at a floating interest rate of 12% p.a. to be payable after 20 years. You want to know your EMI along with the interest payable towards home loan. The below table gives you an idea for the monthly installments payable each year.

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 25,00,00012%1₹ 2,22,122₹ 1,65,464₹ 26,65,464
    ₹ 25,00,00012%2₹ 1,17,684₹ 3,24,408₹ 28,24,408
    ₹ 25,00,00012%3₹ 83,036₹ 4,89,288₹ 29,89,288
    ₹ 25,00,00012%4₹ 65,835₹ 6,60,060₹ 31,60,060
    ₹ 25,00,00012%5₹ 55,611₹ 8,36,667₹ 33,36,667
    ₹ 25,00,00012%6₹ 48,875₹ 10,19,035₹ 35,19,035
    ₹ 25,00,00012%7₹ 44,132₹ 12,07,074₹ 37,07,074
    ₹ 25,00,00012%8₹ 40,632₹ 14,00,682₹ 39,00,682
    ₹ 25,00,00012%9₹ 37,961₹ 15,99,743₹ 40,99,743
    ₹ 25,00,00012%10₹ 35,868₹ 18,04,128₹ 43,04,128
    ₹ 25,00,00012%11₹ 34,195₹ 20,13,700₹ 45,13,700
    ₹ 25,00,00012%12₹ 32,835₹ 22,28,309₹ 47,28,309
    ₹ 25,00,00012%13₹ 31,717₹ 24,47,798₹ 49,47,798
    ₹ 25,00,00012%14₹ 30,786₹ 26,72,004₹ 51,72,004
    ₹ 25,00,00012%15₹ 30,004₹ 29,00,756₹ 54,00,756
    ₹ 25,00,00012%16₹ 29,343₹ 31,33,881₹ 56,33,881
    ₹ 25,00,00012%17₹ 28,780₹ 33,71,199₹ 58,71,199
    ₹ 25,00,00012%18₹ 28,299₹ 36,12,532₹ 61,12,532
    ₹ 25,00,00012%19₹ 27,885₹ 38,57,698₹ 63,57,698
    ₹ 25,00,00012%20₹ 27,527₹ 41,06,517₹ 66,06,517

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

    YearPrincipalInterestBalance Amount
    1₹ 32,050₹ 2,98,275₹ 24,67,949
    2₹ 36,115₹ 2,94,210₹ 24,31,833
    3₹ 40,695₹ 2,89,630₹ 23,91,138
    4₹ 45,857₹ 2,84,469₹ 23,45,281
    5₹ 51,672₹ 2,78,653₹ 22,93,608
    6₹ 58,226₹ 2,72,100₹ 22,35,381
    7₹ 65,610₹ 2,64,715₹ 21,69,771
    8₹ 73,931₹ 2,56,394₹ 20,95,839
    9₹ 83,308₹ 2,47,018₹ 20,12,530
    10₹ 93,873₹ 2,36,452₹ 19,18,657
    11₹ 1,05,779₹ 2,24,546₹ 18,12,877
    12₹ 1,19,194₹ 2,11,131₹ 16,93,682
    13₹ 1,34,311₹ 1,96,014₹ 15,59,370
    14₹ 1,51,345₹ 1,78,980₹ 14,08,024
    15₹ 1,70,540₹ 1,59,785₹ 12,37,484
    16₹ 1,92,169₹ 1,38,157₹ 10,45,315
    17₹ 2,16,541₹ 1,13,785₹ 8,28,774
    18₹ 2,44,003₹ 86,322₹ 5,84,770
    19₹ 2,74,949₹ 55,376₹ 3,09,820
    20₹ 3,10,093₹ 20,506₹ 0

    Documentation for New Habitat Housing Finance

    Documents required for Salaried Individuals

    Sr. No.Document Name
    1KYC Documents
    2Salary slip for the last 3 months / Salary Certificate (If variable components like Over Time and Incentives are reflected then salary slips for the past 6 months are required)
    3Latest Form – 16 and/or Latest Income tax returns
    4Proof of continuity /Previous Form 16 for the Salary income
    5Copy of all bank pass books / bank statements for the past 6 months including front page
    6Details of current loan obligations/Repayment track record/Statement of Account
    7Company profile if it is a lesser known organization
    8Copy of the property documents and construction map

    Documents required for Self-Employed Businessmen and Self-Employed Professional

    Self-Employed Businessmen         Self-Employed Professional
     KYC Documents
    Copy of last 3 years Income Tax Returns of the applicant along with computation of income duly attested by a Chartered Accountant
    Copy of last 3 Years Balance Sheet and Profit and Loss Account of the firm duly attested by a Chartered Accountant
    Brief Business Profile on the Letter Head of the firm by the applicant
    Bank Statement for the last 1 year for the Savings Account and Current Account
    Copy of either Shop and Establishment License / VAT Registration or any other mandatory license / registration.
    Copy of the Partnership Deed (if applicable)
    Copy of Tax Deduction Certificate / Form – 16A (if applicable)
    Details of Contract (if applicable)
    Copy of Advance Tax paid / Self-Assessment Tax paid challans
    Copy of the property documents and construction mapCopy of Educational Qualification Certificate
    Details of current loan obligations/Repayment track record/Statement of AccountCopy of Professional Practice Certificate
    Salary Certificate (in case of doctors having salaried income)
    Copy of the property documents and construction map
    Details of current loan obligations/Repayment track record/Statement of Account

    Features and Benefits of New Habitat Housing Finance

    • Easy Documentation
    • Attractive Rates of Interest
    • Personalized and Hassle free customer service
    • Transparent Processes
    • Fast and efficient loan processing

    Customer Care Contact Number

    Whenever you have doubt or queries regarding eligibility criteria, loan amount, tenures, interest rates or documentation processes, contact an experienced customer care representative of New Habitat Housing Finance on +91 9873513815/+91 120 4180500.

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    EMI Calculator