APAC Housing Finance is delighted to offer customers loans to Finance the Purchase of their Dream House

Purpose of Loans

APAC Housing Finance gives loans for both ready built and new homes

New/Under Construction

Loans for new or under construction homes from Developers or Development Authorities such as MHADA, CIDCO, etc. provided for a flat, row house or bungalow.

Resale

Loans for purchase of properties in an existing Co-operative Housing Society or Apartment Owners' Association or Development Authority settlements or privately built up homes.

If your loan does not meet these criteria, please click here to explore our other product categories

Product Features

Tenure

Up to 20 Years

Repayment

Equated Monthly Instalments (EMI) through Automated Clearing House (ACH).

Tax benefits

Tax deduction, subject to a maximum limit of ₨ 2 Lakhs for interest payments, and up to ₨ 1.5 Lakhs for principal repayment. Tax benefit can be shared between co-borrowers, subject to certain conditions.

Interest Rate RPLR 18.50%
Interest Rate Discount to RPLR
Interest Rate Range 12% - 15% 6.5% - 3.5%
Processing Fee
Mortgage Origination Fee ₨ 5,000 plus applicable taxes and/or other statutory levies. This is a one time non-refundable fee, and is collected for the purpose of appraising the application for the Loan, and is independent of the outcome/result of such appraisal. This amount is payable at the time of submitting the application form.
Processing Fee Up to 2% of Loan Amount plus applicable taxes and/or other statutory levies.

Maximum Loan Amount

Loan Amount

5 Lakhs to 35 Lakhs

Maximum Funding*

90% of Market Value or 90% of Cost of Property, whichever is lower

*Subject to Market Value of the property and repayment capacity of the customer, as assessed by APAC Housing Finance