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Sundaram Home Finance Limited, a subsidiary of Sundaram Finance Ltd. established in 1999 and registered with the National Housing Bank, specializes in home loans for purchase, construction, renovation, extension, plot loans, and balance transfers up to Rs.4 crore with up to 85% financing. As of November 2025, Sundaram Home Finance home loan interest rate starts at 8.75% p.a. for salaried applicants with CIBIL 750+, and 9.00% p.a. for self-employed, with tenures up to 20 years. It offers PMAY-CLSS subsidies up to 6.50% for EWS/LIG/MIG (income <Rs.18 lakh/year), insurance tie-ups with Royal Sundaram, and processing in 10 working days for complete documentation, serving customers across 120+ branches primarily in South India.
|
Feature |
Details |
|
Interest Rate |
Starts at 8.75% p.a. for salaried (up to 9.50% p.a. based on profile) |
|
Processing Fee |
Up to 1% + GST (or Rs.3,000 + GST for salaried; 1% for self-employed) |
|
Loan Amount |
Up to Rs.4 crore (85% of property value for ≤Rs.20 lakh; 80% for Rs.20-75 lakh) |
|
Repayment Tenure |
Up to 20 years (or retirement age) |
|
Applicant Age |
21-70 years (salaried to retirement; self-employed to 65) |
|
Approval & Disbursal Time |
10 working days sanction; 2-3 days disbursal post-docs |
|
Prepayment Charges |
Up to 3% on outstanding for fixed rate; nil for floating |
|
Eligibility (Salaried) |
Rs.15,000+ monthly; 1 year job; CIBIL 700+ |
|
Eligibility (Self-Employed) |
2 years business; Rs.2 lakh+ annual ITR; CIBIL 700+ |
Sundaram Home Finance home loan interest rate is floating, linked to SH-PLR (revised by 10 bps to 8.65% effective November 1, 2024, with updates to November 2025), starting at 8.75% p.a. for salaried with CIBIL 750+ on ≤Rs.20 lakh loans, up to 9.50% p.a. for self-employed or larger amounts. PMAY-CLSS subsidy (6.50% on Rs.6 lakh for EWS/LIG) reduces effective rate to ~2.25%; women get 0.05% concession. Daily reducing balance; balance transfer at +0.25% with top-up.
|
Borrower Category |
Interest Rate |
Max Rate |
Key Influencing Factors |
|
Salaried (CIBIL ≥750) |
8.75% |
9.25% |
Stable job, ≤Rs.20 lakh loan, PMAY eligibility |
|
Self-Employed Professionals |
9.00% |
9.50% |
ITR trends, 2+ years business |
|
Balance Transfer/Top-Up |
9.00% |
9.75% |
Existing repayment history, add-on ≤20% |
|
PMAY EWS/LIG/MIG |
8.75% (effective ~2.25%) |
9.00% |
Income <Rs.18 lakh, property ≤Rs.45 lakh |
|
Bank |
Starting Rate (p.a.) |
Processing Fee |
Max Tenure |
|
Sundaram Home Finance |
8.75% |
Up to 1% |
20 years |
|
State Bank of India (SBI) |
7.50% |
Up to 0.35% |
30 years |
|
HDFC Bank |
8.15% |
0.5%–1% |
30 years |
|
ICICI Bank |
8.75% |
0.5%–1% |
30 years |
For Rs.50 lakh loan over 20 years at 8.75%, EMI Rs.41,800—Rs.4,300 higher than SBI's 7.50%, but PMAY subsidy saves Rs.2.67 lakh for LIG, and 10-day sanction beats ICICI's 15+ days.
Sundaram Home Finance home loan calculator at sundaramhome.in/emi-calculator computes EMI, eligibility, and PMAY subsidies—input amount, rate (8.75%-9.50%), tenure for amortization and tax benefits (Rs.1.5 lakh u/s 80C + Rs.2 lakh u/s 24b).
Loan Amount: Rs.50 lakh
Interest Rate: 8.75% p.a.
Tenure: 20 years
|
Monthly EMI |
Total Interest Payable |
Total Amount Payable |
|
Rs.41,800 |
Rs.50.32 lakh |
Rs.1.00 crore |
Reduce to 15 years: EMI Rs.45,900, saves Rs.11 lakh interest; PMAY adds Rs.2.67 lakh subsidy for MIG.
|
Charge Type |
Amount |
|
Processing Fee |
Up to 1% + GST (min Rs.3,000 for salaried; 1% for self-employed) |
|
Legal & Valuation Fee |
Rs.3,000–Rs.5,000 (actuals) |
|
CERSAI Registration |
Rs.500 |
|
Stamp Duty (MODT) |
0.1%–0.3% (state-specific) |
|
Prepayment (Floating Rate) |
Nil (after 12 EMIs; up to 3% fixed) |
GST at 18%. Total <1.5%; non-refundable min upfront; PMAY waives 50%.
● Age: 21–70 years (to retirement)
● Rs.15,000+ monthly net income
● 1 year in current job (2 years total)
● CIBIL: 700+ (750+ for lowest rates)
● Age: 25–70 years
● 2 years business
● Rs.2 lakh+ annual ITR
● CIBIL: 700+; audited P&L required
85% LTV ≤Rs.20 lakh; co-applicants (spouse/family) boost; PMAY for <Rs.18 lakh income.
|
Service |
Contact Details |
|
Helpline (9AM-6PM) |
73054 24448 / 89255 76775 / 97908 00700 |
|
Email for Queries |
loans@sundaramhome.in |
|
Grievance Redressal |
loans@sundaramhome.in |
|
Branch Hours |
9:30 AM–6 PM (Mon-Sat) |
Email loans@sundaramhome.in with application no./mobile for updates (48-hour response); visit nearest branch with ID for in-person status; app/portal not available—track via email confirmation.
Salaried applicants need a minimum Rs.15,000 monthly net income, while self-employed require Rs.2 lakh+ annual ITR with 2 years business stability. The company assesses based on 50% debt-to-income ratio for EMI affordability up to Rs.4 crore; PMAY-eligible EWS/LIG (<Rs.18 lakh/year) get priority, with co-applicants (spouse/family) increasing limits by 20-30%.
Yes, NRIs qualify with 2+ years overseas employment, valid visa, and NRE proofs, at rates starting 9.00% p.a. with 75% LTV via power of attorney. Submit attested salary slips and overseas address; contact customer care for NRI desks, with disbursal in 10-15 days.
Yes, PMAY-CLSS offers 6.50% interest subsidy up to Rs.2.67 lakh on loans ≤Rs.12 lakh for EWS/LIG/MIG (income <Rs.18 lakh/year, property ≤Rs.45 lakh). Eligibility requires Aadhaar-seeding; the company handles processing, reducing effective rate to ~2.25% and saving Rs.1-2 lakh annually on EMIs.
Balance transfer at 9.00%-10.00% (0.25%-1% lower than originators) requires 12-month statements and NOC, with up to 1% processing fee. It includes top-up up to 20% original for renovations; processing takes 7-10 days, saving Rs.2,500+ monthly on Rs.50 lakh loans.
With South India housing prices up 10% in 2025 (NHB data), Sundaram Home Finance home loan interest rate calculator processing fee requirements application process customer care status shines with 8.75% rates, PMAY subsidies, and 10-day sanction—financing 120+ branches for middle-income families. Ideal for Rs.20 lakh-Rs.4 crore buys. Apply at sundaramhome.in or email loans@sundaramhome.in.
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