New Habitat Housing Finance Home Loan
Last Updated : May 19, 2017, 5:57 p.m.
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.
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.
| Particulars | Description |
|---|---|
| Interest Rates | Floating rate : 12% and above |
| Loan Amount | ₹1 Lakh and Above |
| Tenure | 5 years To 25 years |
| Max 70 years | |
| Processing Fees | Salaried: 1% of the loan amount sanctioned + applicable taxes and surcharge |
| Self-Employed: 1.5% of loan amount + applicable taxes and surcharge | |
| Pre-payment or Foreclosure | No prepayment charges |
| Loan to Value | Home 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
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
| Year | Principal | Interest | Balance 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 |
|---|---|
| 1 | KYC Documents |
| 2 | Salary 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) |
| 3 | Latest Form – 16 and/or Latest Income tax returns |
| 4 | Proof of continuity /Previous Form 16 for the Salary income |
| 5 | Copy of all bank pass books / bank statements for the past 6 months including front page |
| 6 | Details of current loan obligations/Repayment track record/Statement of Account |
| 7 | Company profile if it is a lesser known organization |
| 8 | Copy 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 map | Copy of Educational Qualification Certificate |
| Details of current loan obligations/Repayment track record/Statement of Account | Copy 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
New Habitat Housing Finance 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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