Tag Archives: Nivara Housing Finance

Nivara Housing Finance – Home Loan Eligibility, Interest Rate, EMI Calculator

Nivara Housing Finance – Apply & Get Quick Home Loan from Nivara Housing. Check Home Loan Eligibility, Monthly EMI Calculator, Documents Required & Processing Fee. 

Nivara Housing Finance – Get Instant Home Loan Quotes Online

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All loans are on sole discretion on the respective banks

Nivara Housing Finance Home Loan Interest Rate 

INTEREST RATES
Nivara Lending Rate (NLR) Home loans
14.00% Fixed Floating
18.50% 17% to 18%

Nivara housing finance company is headquartered in Bengaluru. The word Nivara itself means cover, shelter & haven. Their ultimate mission is to provide each and every individual with affordable housing loan.

They thrive to Provide organised home loan solutions to the unorganised sector, especially to the lower and middle income households. NHF is the best company to provide housing & non – housing loan at low interest rate.

Nivara offers loans against pre-owned properties for the purpose of family consumption like marriage, education, travel etc., and for the purpose of business commitments.

Feature, Benefit, Eligibility & Other Related Information

  • Any individual salaried & self employed can apply on the condition that all owners of the property should be co – applicants or borrowers.
  • NRIs are also eligible to apply.
  • Minimum age to apply is 21 years with a maximum of 65 years (self – employed) & 60 years (salaried) at the time of loan maturity.
  • 2 years is the minimum requirement for borrower’s occupation.
  • Minimum loan sanctioned will be ₹ 3 lakhs & up to ₹ 25 lakhs.
  • The loan tenure will be up to 20 years.

No Part pre payment / foreclosure of home loan charges (in case of own source), Otherwise if the loan is fore closed from any other source then,

  • 3%+ ST as applicable on principle o/s & all part prepayments done in case loan is closed within 12 months from the date of commencement of EMI.
  • 2% + ST as applicable on outstanding principal & all part prepayments done in last 12 months in case loan is closed after 12 months from the commencement of EMI.

Nivara Housing Finance Home Loan EMI Calculator

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

The loan can be taken for the following purpose :-

  • Home Loan for Purchase
  • Home Loan for Construction
  • Composite Home Loan (Plot + Construction)
  • Home Loan for Improvement / Extension.

The loan process includes following easy steps :-

  • Initial screening
  • Processing of Documents
  • Security of Assessment
  • Disbursement Process

Processing Fee

PROCESSING FEES
Application Processing Fee ₹ 5000/- (Inclusive of taxes)
Loan Processing Fee 2.25% + service tax
OTHER CHARGES
Transaction Handling charges in Balance Transfer / 2,500/- + S.T
CERSAI Fees 50/- + ST (for loans <= 5 lacs)
100/- + ST (for loans > 5 lacs)
Late Payment 3% per month on Overdue EMIs
PDC/ECS Swapping 1,000/- per instance + S.T.
Charges for Statement of Account / Amortization Schedule / NOC / NDC 500 + S.T.
Swap Charges ((Fixed or semi-fixed rate to floating and vice-versa at discretion of Nivara) 2% of the loan outstanding
Disbursement Cheque Cancellation & re-issuance 1,000/- + ST (cancellation Charges) & PEMI will be charged.

Documents Required

DOCUMENTS REQUIRED
Salaried Self employed professionals
Application form with photograph duly signed by all applicants
Identity, residence and age proof
Copy of title documents & Approved sanction plan in case of property documents
PAN card details of all the applicants whose income is considered for loan appraisal
Last 3 months Salary-slips Education qualification certificate and proof of business existence
Form 16 / Income Tax Returns Last 2 years Income Tax Returns with computation of Income
Last 6 months bank statements Last 2 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Last 6 months bank statements

HOW TO APPLY ?

Step 1 : You can simply click on the link to submit the form loansninsurances.com

Step 2 : Fill all the required professional & personal details and Get instant quote on your Eligibility, Documents required & Other important procedure.

Step 3 : Our representative will get in touch with you to help you further.