Our
PLR is revised by 10 basis points effective November 01, 2024. Please
contact your servicing branch for more details.
Our
PLR is revised by 10 basis points effective November 01, 2024. Please
contact your servicing branch for more details.
Quick processing and disbursal of loans
Hassle-free personalised service and flexible approach
Specialised in-house legal and technical assistance
State-of-the-art infrastructure for document security
120+ branches across India to serve you better
Insurance scheme in association with Royal Sundaram
Age: 18-65 YEARS
Nationality: INDIAN
Professional: SALARIED / SELF EMPLOYED
Gender: ALL GENDERS
* If the parent deed is prior 13 years and covers the same extent of property currently owned then such original prior / parent deed is also required.
@ If the parent deed is prior 13 years covers the same extent of property currently owned then the EC from the date of the said Original purchase/acquiring of the property is required.
* If the parent deed is prior 13 years and covers the same extent of property owned by the vendor then such original prior / parent deed is also required
@If the parent deed is prior 13 years and covers the same extent of property owned by the vendor, then the EC from the date of the said Original purchase/acquiring the property is required.
* If the parent deed is prior 13 years and covers the same extent of property owned by the vendor then such original prior / parent deed is also required
@If the parent deed is prior 13 years and covers the same extent of property owned by the vendor, then the EC from the date of the said Original purchase/acquiring the property is required.
When power of attorney is executed in India
In case of non-residents, if the power of attorney is being executed outside India
Factors such as age, monthly income, commitments, qualifications, repayment history and place of employment matter for eligibility.
Approval and disbursement are subject to the necessary documents being in order, the title being clear and proof of the borrower’s contribution paid upfront. The process takes about 7 – 10 working days.
Factors such as age, monthly income, commitments, qualifications, repayment history and place of employment matter for eligibility.
Sundaram Home offers floating (variable) rate of interest which varies according to the market lending rates. Interest is calculated on Monthly Reducing balance basis, where the principal reduces every month from your EMI net of interest accrued.
A part of the processing fee is payable upfront along with the loan application which is non-refundable. The remaining fee excluding the upfront fee and other charges such as Property & Personal Insurance, Documentation & Cersai charges are payable after sanction of the loan, but before disbursement. These will duly be deducted from the loan amount.
EMI is payable by way of Electronic Clearance System (ECS) or Auto debit with select banks. In locations where ECS / Auto debit is not available, EMI can be paid by Post Dated Cheques. EMI can also be paid through Salary Deduction if the Company has an arrangement with the applicant’s employer.
Eligibility for tax benefits is present on the principal and interest components of the EMI paid on plot loans under Section 80C & 24(b) of the Income Tax Act, 1961, that is in force as of date. These benefits are subject to change as per the policies of the Government.
Yes, definitely. Sundaram Home’s wide network across southern India ensures hassle-free processing of loans under such conditions.
Yes, loan can be repaid in part or in full ahead of schedule. Part prepayments will be accepted subject to the condition that only THREE such part payments will be made in a financial year and that the amount prepaid each time will be equivalent to not less than 6 EMIs.
Co-applicant(s) can be co-owner(s) of the property in respect of which the financial assistance is sought. However all co applicant(s) need not be co-owners. Relatives as agreed by the Company can join as co applicant(s). Generally, co applicants are husband, wife, father, son, mother, daughter, etc.
