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Jio Financial Services offers digital home loan solutions through its JioFinance app and Jio Credit platform. The company provides financing for property purchase, construction, and balance transfers with competitive interest rates starting from 8.2% per annum. Applications are processed digitally with minimal paperwork and quick approvals.
|
Feature |
Details |
|
Interest Rate |
8.2% - 9.9% p.a.* |
|
Loan Amount |
Up to ₹10 crores |
|
Processing Fee |
Minimal (details on application) |
|
Loan Tenure |
Flexible terms available |
|
Prepayment Charges |
Zero prepayment charges |
|
Processing Time |
Quick digital approval |
|
Application Mode |
100% digital through JioFinance app |
|
Availability |
Currently in beta/expansion phase |
*Interest rates are indicative and subject to eligibility
Jio Financial Services home loan interest rates start from 8.2% per annum through Jio Credit, making it one of the competitive options in the market. The rates vary based on applicant profile, loan amount, and tenure.
|
Loan Type |
Interest Rate Range |
|
Home Loan (Purchase) |
Starting from 8.2% p.a. |
|
Home Loan Balance Transfer |
Competitive rates |
|
Loan Against Property |
As per eligibility |
|
Loan Against Securities |
9.9% p.a. onwards |
|
Parameter |
Requirement |
|
Nationality |
Indian citizen |
|
Age |
18 to 70 years (at loan maturity) |
|
Employment Type |
Salaried or self-employed |
|
Income |
Stable and verifiable income |
|
Credit Score |
Good credit history required |
|
Property |
Residential property in serviceable areas |
|
Criteria |
Details |
|
Employment |
Employed with reputable organization |
|
Income Proof |
Salary slips and bank statements |
|
Work Experience |
Stable employment history |
|
Income Verification |
Through digital documentation |
|
Criteria |
Details |
|
Business Vintage |
Established business |
|
Income |
Regular business income |
|
Documentation |
ITR and financial statements |
|
Business Proof |
Valid business registration documents |
|
Document Type |
Acceptable Documents |
|
Identity Proof |
PAN Card, Aadhaar Card, Passport, Driving License, Voter ID |
|
Address Proof |
Aadhaar Card, Utility Bills, Rent Agreement, Passport |
|
Age Proof |
PAN Card, Passport, Birth Certificate, Aadhaar |
|
Applicant Type |
Required Documents |
|
Salaried |
Last 3 months salary slips, Form 16, Bank statements (6 months) |
|
Self-Employed |
ITR for last 2-3 years, Business ownership proof, Financial statements |
|
NRI |
Valid passport with visa, Overseas address proof, Foreign bank statements |
● Sale deed or allotment letter
● Approved building plan
● Property tax receipts
● Encumbrance certificate
● NOC from builder or society
● Property valuation report
Financing for purchasing ready-to-move-in residential properties or under-construction homes with competitive interest rates and flexible repayment options.
Transfer existing home loans from other banks or NBFCs to Jio Financial Services at lower interest rates, reducing monthly EMI burden and total interest outgo.
Borrow funds by pledging residential or commercial property as collateral. Loan amount up to 70% of property market value with flexible end-use options.
Quick loans up to ₹1 crore against shares and mutual funds at 9.99% p.a., fully digitized with approval in just 10 minutes.
Estimated monthly EMI for different loan amounts:
|
Loan Amount |
Tenure |
Interest Rate |
Monthly EMI |
|
₹25,00,000 |
20 years |
8.2% p.a. |
₹20,965 |
|
₹25,00,000 |
25 years |
8.2% p.a. |
₹19,338 |
|
₹25,00,000 |
30 years |
8.2% p.a. |
₹18,510 |
|
₹50,00,000 |
20 years |
8.2% p.a. |
₹41,930 |
|
₹50,00,000 |
25 years |
8.2% p.a. |
₹38,676 |
|
₹50,00,000 |
30 years |
8.2% p.a. |
₹37,020 |
|
Stage |
Timeline |
|
Online Application |
10-15 minutes |
|
Document Verification |
1-2 days |
|
Property Valuation |
2-3 days |
|
Credit Assessment |
1-2 days |
|
Loan Approval |
3-5 days |
|
Disbursement |
2-3 days post approval |
Complete loan application, documentation, and approval through the JioFinance app without visiting any branch.
Fast processing with digital verification and instant eligibility checks for faster loan sanctions.
No hidden fees with upfront disclosure of all applicable charges and interest rates.
Market-competitive rates starting from 8.2% p.a., ensuring affordable EMIs and lower overall cost.
Choose repayment tenure that suits your financial capacity and long-term goals.
Pay off your loan partially or fully at any time without incurring additional charges.
Switch existing home loans from other lenders to benefit from lower rates and better terms.
Manage loan application, repayment, and tracking through the comprehensive JioFinance app.
|
Charge Type |
Details |
|
Processing Fee |
Minimal (disclosed at application) |
|
Prepayment Charges |
Nil |
|
Foreclosure Charges |
Zero charges |
|
Legal Charges |
As per actuals |
|
Technical Valuation |
As applicable |
|
Documentation Charges |
Transparent pricing |
|
Late Payment Charges |
As per terms |
Complete paperless process from application to disbursement, saving time and effort.
Backed by Reliance Industries and Jio Financial Services ecosystem, ensuring reliability.
Access home loans alongside other financial products like insurance, investments, and savings through one app.
Unique offering to get quick loans against mutual funds and securities without selling investments.
Simplified document submission through digital channels with instant verification.
Assistance available through digital channels and customer support for seamless experience.
Avail standard tax deductions under Section 80C (up to ₹1.5 lakh on principal) and Section 24(b) (up to ₹2 lakh on interest).
|
Lender |
Interest Rate |
Processing Fee |
Digital Process |
|
Jio Financial Services |
8.2% - 9.9% |
Minimal |
Yes (App-based) |
|
HDFC Bank |
8.50% - 9.50% |
Up to 0.50% |
Partial |
|
SBI |
8.50% - 9.65% |
0.35% + GST |
Partial |
|
ICICI Bank |
8.40% - 9.45% |
0.50% + GST |
Partial |
|
IndusInd Bank |
8.35% - 9.85% |
1% or ₹10,000 |
Partial |
Higher credit scores (750+) qualify for lower interest rates and better loan terms.
The quantum of loan requested can impact the interest rate offered.
Higher stable income demonstrates better repayment capacity, potentially securing lower rates.
Long-term employment or established business improves eligibility and rate offerings.
Ready-to-move properties may have different rates compared to under-construction projects.
Repayment period chosen can influence the applicable interest rate.
Higher down payment reduces risk and may result in better interest rates.
|
Feature |
Details |
|
Loan Amount |
Up to 70% of property value |
|
Interest Rate |
Competitive rates |
|
Maximum Amount |
Based on property valuation |
|
Tenure |
Flexible repayment options |
|
Property Type |
Residential and commercial |
|
End Use |
Business expansion, education, medical, debt consolidation |
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