Edelweiss Home Loan, Interest Rate and EMI Calculator Feb 2017

Edelweiss Housing Finance Home Loan Feb 2017 –  Get Instant Quick & Easy Approval on Edelweiss Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of ✓Interest Rate ✓Loan Tenure ✓Processing Fee ✓Eligibility ✓Best Offers & more.

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Edelweiss Home Loan

Edelweiss Housing Finance Private Limited, a unit of Edelweiss group, is immensely popular for its home loans. Edelweiss offers an eclectic array of housing finance products that are skillfully designed to cater to the diverse needs of every home loan borrower. Edelweiss home loan can be availed for construction, purchase, repair and renovation of any house or flat at the most competitive rate of interest. Every home loan products has been tailor made to make it feasible for customers and within the reach of customers’ repayment ability. Edelweiss offers home loan to all segments of people even if they do not have formal income documents. The financial institution sanctions a borrower’s home loan after assessing his/her cash flow and other details.

Edelweiss Home Loan Features and benefits

  • Home loans for construction and purchase of house (home loan).

  • Home loans for repair and renovation of dwelling units (home Improvement loan).

  • Home loans for plot purchase and construction of dwelling unit (PCL)

  • Edelweiss offers Balance Transfer Facility from other banks.

  • Interest calculated on monthly rests.

  • LTVs range from 50% to 90% according to home loan products.

  • Home loan products for employed customers with regular cash flow and for self-employed/professional customers with proper income records.

  • Edelweiss provides customized loan eligibilities to make happy every customer, keeping in mind customers’ loan repayment capacity. Loan eligibility is calculated in compliance with formal incomes and asset history of the individual.

Edelweiss Home Loan Interest Rates

Interest Rates

10.50% onwards

Processing fees

Up to 2% of Loan Amount

Loan Amount

Rs. 1.5 crores

Loan Tenure

Maximum 20 years

Edelweiss Home Loan Eligibility

  • Applicant must be a Resident Indian.

  • Applicant must be above 21 years at the commencement of the loan.

  • Applicant should be below 65/ retirement age at the time of maturity.

  • Loan amount eligibility will be based on income, age, qualifications, number of Dependants, spouse’s income, assets, liabilities, stability and continuity of occupation.

  • Home loan eligibility will be subject to the value of property selected by the applicant.

  • You can include your relative with an income as a co-applicant to enhance your home loan eligibility.

  • Employed customers with Cash Salary / Self Employed customers with assessed Income can apply for a home loan.

  • Employed customers with regular bank salaries / Self employed and Professional customers based on their formal income proof.

  • The security for the loan is a first mortgage of the property to be financed.

Edelweiss Home Loan Documents Required

For salaried Individuals

  • Signed application form with photograph

  • ID and residence proof

  • Processing fee cheque

  • Last 6 months bank statements

  • Documentation for salaried applicants:

  • Latest Salary-slip

  • Form 16

Documentation for self-employed applicants

  • Education qualification certificate & proof of business existence .

  • Last 3 years Income Tax Returns with computation of Income .

  • Last 3 years Profit / Loss and Balance Sheet.

Edelweiss Home Loan EMI Calculator

Edelweiss Home Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Edelweiss Home Loan EMI Calculation

For a loan amount of Rs 20,00,000 for 15years at the interest rate of 10.65% p.a., the EMI comes out as Rs.16,581. To know the EMIs for 15 years, see the table given below.

Home Loan Amount (Rs)

Interest Rate(%p.a.)

Loan Tenure

(yrs)

Monthly Installment (EMI)

Total Interest Amount

Total Amount (Principal + Interest)

15,00,000

10.50%

1

1.32.223

86,675

15,86,675

15,00,000

10.50%

2

69,564

1,69,537

16,69,537

15,00,000

10.50%

3

48,754

2,55,132

17,55,132

15,00,000

10.50%

4

38,405

3,43,443

18,43,443

15,00,000

10.50%

5

32,241

4,34,451

19,34,451

15,00,000

10.50%

6

28,168

5,28,129

20,28,129

15,00,000

10.50%

7

25,291

6,24,445

21,24,445

15,00,000

10.50%

8

23,160

7,23,362

22,23,362

15,00,000

10.50%

9

21,526

8,24,840

23,24,840

15,00,000

10.50%

10

20,240

9,28,830

24,28,830

15,00,000

10.50%

11

19,207

10,35,283

25,35,283

15,00,000

10.50%

12

18,362

11,44,144

26,44,144

15,00,000

10.50%

13

17,663

12,55,355

27,55,355

15,00,000

10.50%

14

17,077

13,68,854

28,68,854

15,00,000

10.50%

15

16,581

14,84,577

29,84,577

Edelweiss Home Loan Amortization Table

Year

Principal

Interest

Balance Amount

1

43,528

1,55,444

14,56,472

2

48,324

1,50,648

14,08,148

3

53,650

1,45,322

13,54,498

4

59,564

1,39,408

12,94,934

5

66,125

1,32,847

12,28,809

6

73,413

1,25,559

11,55,396

7

81,503

1,17,469

10,73,893

8

90,484

1,08,488

9,83,409

9

1,00,456

98,516

8,82,953

10

1,11,527

87,445

7,71,426

11

1,23,820

75,152

6,47,606

12

1,37,462

61,510

5,10,144

13

1,52,612

46,360

3,57,532

14

1,69,433

29,539

1,88,099

15

1,88,243

10,868

0

Edelweiss Home Loan Customer Care

For any loan related query or for any other information, please call at the toll free number: 022-42722272/74 (Monday to Friday from 10 A.M TO 5 P.M)