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Home Loan

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Home Loan Overview

Apartments

Planning to buy an Apartment with attractive home loan interests? Nitstone Finserv is the right platform for you as we provide you with a wide range of offers that suits you.

Individual homes

Owning a home is a dream. To make your dream come true, Nitstone Finserv provides you home loan with an attractive interest.

Luxury homes

Why settle for ordinary? Go luxury. Nitstone Finserv provides you with a luxury home loan to enjoy true luxury.

Pent house

A unique offering form Nitstone Finserv to their customers to have their home on roof top with a specially designed, catering their requirements.

Benefits & Features

Refinance

If you have purchased your property within the last 12 months with your own funds, you can avail our refinance option and take a housing loan up to the registered value of your property.

Home Loan Balance Transfer

If you’re unhappy with your current Home Loan plan, you can switch to Nitstone Finserv and avail of our numerous advantages like Online Application Process, Instant Online Approval, Minimum Documentation, Additional Top loan at attractive rates, No Hidden charges, Customised Insurance Schemes, and Online Account Access. We also offer facilities like NIL Part Pre-Payment charges, NIL Foreclosure charges, and 3 EMI Holiday

Top-up Loans

If you opt for a Home Loan Balance Transfer at Nitstone Finserv, you can also get a Top-up Loan at a minimal rate of interest. This loan amount can be used as per your discretion, be it for a home improvement project or for a holiday.

Part pre-payment facility

You can prepay any amount. However, the prepayment transaction should not be less than the total amount of 3 EMIs. There is no limit on the maximum amount. This is subject to you clearing your first EMI. You need not give cheques / DD / come to branch since now you can also prepay sitting at your home / office through our Online Customer Portal – Experia. You can calculate the part prepayment amount using our Home Loan part pre-payment calculator and calculate your savings instantly. The best part is that we don’t charge any Part Pre-payment penalty if you choose to avail of this facility.

Three EMI Holiday

Nitstone Finserv focuses on the ease of repayment through multiple flexible options that make it easier for the customer to repay their loans. A 3-month EMI grace period will help manage/plan monthly expenses and give a cushion to the customer to plan his finances.

Online account access

Once you’ve availed a Home Loan from Nitstone Finserv, you can get all the information about your housing loan like payment schedule, interest certificate, repayment track and key information related to your loans through our Home Loan digital customer portal.

Nil foreclosure charges

You get the option to foreclose your Home Loan anytime during your loan tenure. Use our Home Loan foreclosure calculator for this purpose. Nitstone Finserv will not charge any foreclosure charges for floating rate loan.

Eligibility & Documents

Eligibility:

  • You are an Indian resident.
  • You are between 25-62 years of age.
  • You are a salaried individual with a work experience of 3 years or more
  • The minimum loan amount is Rs. 20 lakh and maximum Rs. 15 crores.

Documents:

  • Income Details: Form 16/ Latest salary slips
  • Bank Account Statements: For last six months.
  • Employment Proof: Employee ID Card.
  • Identity Proof: Passport/ Voters ID/ Driving License/ PAN Card
  • Address Proof: Passport/ Driving License/ Ration Card/ Letter from employer (with HR/Admin undersigned)/ Latest mobile bill

Ready to Apply

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How to Apply

Step 1: Fill in your personal details

All you have to do is enter your personal details including your name, date of birth, address, and contact details.

Step 2: Fill in your financial details

Give us your income details and we can help you find a deal that suits your financial standing.

Step 3: Fill in your employment details

The next set of details you need to submit pertain to your employment status.

Step 4: View your loan offer

Using our state-of-the-art eligibility calculator, you’ll be able to know what kind of offers we have in store for you.

Step 5: Submit your property details

Give us the details of your new home, including its location and size, and we can help you get the best deal.

Step 6: Pay the secure fee online

This fee is needed to secure and reserve the offer calculated for you. Our Relationship Manager will get in touch with you to help you with the loan process and documents once you have paid the fees.

Step 7: Upload your documents

Upload copies of all your documents, including ID, address, signature proof, photographs, employment and income details on our website.

Fees & Charges

Types of fees Charges applicable

Rate of Interest

8.85% onwards
Processing fees

1% of the loan amount for salaried individuals

Loan statement charges

NIL

Interest & principle statement charges NIL
PDC swap charge NIL
EMI bounce charges

Rs.1000 for every bounce

Penal interest 2.00% p.m.
Security fee Rs. 2999/-
  • Applicable following 1st EMI clearance.

 

Foreclosure Charges

Borrower Type:

Interest Type

Time Period (Months) Foreclosure charges
Individual: Floating rate >1 Nil
Non-individual: Floating rate & All borrowers: Fixed rate >1 4% plus applicable taxes
  • For Term Loan on principal outstanding
  • For Line of credit (Flexi Pure) Charges will be calculated on sanctioned limit
  • For Flexi Saver (Dropline Flexi) charges will be calculated on current Dropline limit

Part prepayment charges

Borrower Type: Interest Type Time Period (Months) Part payment charges
Individual: Floating rate >1 Nil
Non-individual: Floating rate & All borrowers: Fixed rate >1 2% plus applicable taxes on part payment amount paid
  • Part payment made should be more than 1 EMI
  • Charges not applicable for Line of credit (Flexi Pure) & Flexi Saver (Dropline Flexi)