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Fullerton India Home Finance Co. Ltd. is now SMFG India Home Finance Co. Ltd.

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FOR FORECLOSURE CASES: Foreclosure cheque and request for Foreclosure Statement, List of documents will be accepted from 2nd to 24th day of the month (excluding Saturday, Sunday and public holidays) and will not be accepted/issued from 25th day of the current month to 1st day of the next month.

Home loan

Home Loan

Affordable Housing Finance for Your Dream Home

Quick Apply

Housing Loan Apply Loans For Home

When it comes to dreaming big, a home of our own is the first thing that comes to our mind. Home loans offer a boost to our dreams! SMFG Grihashakti offers home loans with a host of features to help you buy your dream home. We offer home loans upto INR 5 crores* on under construction, new as well as resale properties to eligible applicants at attractive interest rates and flexible tenures upto 30 years*. To make your experience comfortable, you can now apply for our home loan online. From the application process to document verification, from eligibility confirmation to EMI calculation, we make every step of housing finance easy for you. Apply online for home loan today, or visit your nearest SMFG Grihashakti branch to know more. Continue reading to know more about the special features of our home loans, the eligibility criteria, documents required, and more.

Features of Home Loan

Availing housing finance from SMFG Grihashakti comes with a host of features. You can apply for the home loan online, get affordable interest rates, enjoy flexible repayment tenures, and benefit from SMFG Grihashakti’s convenient EMI options. Moreover, housing finance is made easy with us due to our quick 72-hours* loan processing (subject to eligibility and successful verification of loan documents) with a wholly transparent process (no hidden fees).


Quick home loan approval
Swift Loan Processing
Apply for home loan online
Seamless loan application process
Home loan at low interest rate
Attractive Interest Rates
Home loan at low EMI
Reduced EMIs for home loan
Home loan at low hidden charges
No hidden fees or charges


*Interest rate applicable is per annum. Terms & conditions and charges apply. Details available on request. Loans at the discretion of SMFG India Home Finance Co. Ltd. (Formerly Fullerton India Home Finance Co. Ltd.).

Calculate your Home Loan EMI


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EMI Payable (Per Month)

Principal Amount =
Interest Amount =
Total Amount =


Disclaimer: Please note that this calculator is simply a self-planning tool, and is for demonstration purposes only. Your final EMI amount will depend on many factors, and will be disclosed in the schedule shared with you after loan approval. For more details, please contact us

Benefits of Taking SMFG Grihashakti Housing Loan:


Interest rates offered by SMFG Grihashakti:

SMFG Grihashakti offers competitive home loan interest rates. The final interest rate offered to you will depend on a number of factors, including your eligibility and our policy at the time of loan application.  A low interest rate helps you in bringing down your EMI.

Convenience of online application

You can apply for home loan from the comfort of your home. You have to follow an easy self-explanatory process. Alternatively, you are welcome to visit the closest SMFG Grihashakti branch and our representatives will guide you further.

Home loan calculators

Home loan calculators are an effective way in financial planning. SMFG Grihashakti offers EMI and eligibility calculators that let you plan your loan better in terms of the monthly outgo, best tenure to select, and the maximum amount you may be able to borrow. SMFG Grihashakti’s prepayment calculator also enables you to check the benefits of making part prepayments during the tenure of the loan in terms of reduction in tenure and overall interest payment.

Flexible repayment tenure

You can select a repayment tenure upto 30 years*, thereby reducing the EMI impact on your pocket.

Easy documentation

Documents required for processing your loan application are listed down clearly so that it is easy for you to procure them.

Things to Keep in Mind While Applying for a Home Loan

When it comes to applying for a home loan online with SMFG Grihashakti, the entire process is seamless with only the submission of an application form and a few essential documents. Keep in mind the following points while applying for a home loan:

  • Check your Eligibility: While choosing a lender, go through the basic eligibility criteria to ensure that your profile matches the lender’s expectation.
  • Always check for the type of interest rate: Do your research well, and choose a lender who is offering the best interest rate as per your eligibility. At SMFG Grihashakti, we offer floating rates of interest starting from 10% (subject to revision in RPLR as per market trends as well as our policy).
  • Choose the best loan tenure: Use our free home loan EMI calculator and select a tenure that is comfortable for you for repayment.
  • Down Payment: In India, most lenders including SMFG Grihashakti offer upto 90% of the value of the property you wish to purchase as a loan. The final loan amount offered to you will depend on a number of factors, including your eligibility and the lender’s policy. Use our free home loan eligibility calculator to get an estimate. Ensure you have the remaining amount available to give as down payment before applying for the loan.
  • Collect all documents: You will need to have all the documents ready – including KYC, income proof, ITR statements, bank statements as well as the documents pertaining to the property you wish to buy. Ensure that all documents have legal, self-authorized information without inconsistencies. 

Home Loan Interest Rate

We offer competitive interest rates on home loans as per each applicant’s individual profile and eligibility. The final interest rate offered to an applicant will depend on many factors including credit score & history, repayment capacity, nature & value of property, income, nature of employment, etc.

Documents required for Home Loan

Once your pre-assessment and eligibility by SMFG Grihashakti have been confirmed, you need to check out the Document Required for Home Loan.

Here is a home loan document list for easy reference.

Type of Document Salaried Self-employed
Proof Of Identity
  • PAN Card
  • Voters ID
  • Driving License
  • Employee Card
  • PAN Card
  • Voters ID
  • Driving License


Proof Of Income
  • Last 3 months’ salary slips
  • 2 years’ Form 16
  • 6 months’ bank statement with salary credits
  • Last 2 years’ ITR with computation
  • CA audited Financial wherever applicable
  • 6 months primary bank statement
Proof of Residence
  • Aadhaar Card*
  • Latest Electricity bill/piped gas monthly bill
  • Ration Card
  • Property Tax/Water Bill
  • Aadhaar Card*
  • Latest Electricity bill/piped gas monthly bill
  • Ration Card
  • Property Tax/Water Bill

Documents pertaining to the property you wish to purchase will also be requested.

*Terms and conditions applicable. Loans are sanctioned at the discretion of SMFG Grihashakti. Please note that Aadhaar numbers should be masked before submission as per regulatory guidelines.

Home Loan Eligibility Criteria

Before you submit your application to SMFG Grihashakti, make sure that you have done the necessary research to check your eligibility to avail a loan for home. Common housing loan eligibility criteria include:

For salaried

  • Multinational cos / listed public ltd cos / govt.
  • Organizations private ltd cos / closely held or unlisted companies / partnerships /proprietorship firms

For Self-employed

  • Self-employed individual businessmen/ sole proprietorship
  • Self-employed professionals - doctors /architect's / CA’s
  • Partnership firms
  • Private limited companies/ closely held/ unlisted companies

How do I apply for a Home Loan?

Here are the steps below to apply online for housing loan from SMFG Grihashakti:

  • Home Loan

    Step 1:
    Check your eligibility

  • Home Loan

    Step 2:
    Check the required documents

  • Home Loan

    Step 3:
    Click on the “Apply now” button on this page

  • Home Loan

    Step 4:
    Enter the requested information & upload documents carefully.

  • Home Loan

    Step 5:
    Our representative will get in touch with you to take the process ahead.

Home Loan Fees and Charges

In addition to interest, here are some of the basic fees and charges applicable while availing a home loan from SMFG Grihashakti.

Type of Fees Charges applicable
Processing Fees upto 3% of the loan amount
Documentation Fees Between INR 1500-3000 depending on loan amount
Application Fees Between INR 2500-6000 depending on loan amount
Duplicate document (like Loan agreement, etc.) INR 500 per document set
Foreclosure charges Charges applicable
Floating rate of Interest No charge
Fixed rate of Interest 5%-7% of the amount prepaid depending on MOB

For a complete list of additional fees and charges, please visit our page.

Why Choose SMFG Grihashakti for Home Loan?

  • 70 Branches



  • 5 Years of service


    Years of service

  • happy Customers



  • success

    11K Cr+*

    Successful Disbursals

  • New Coustomer

    6.7K Cr+*

    Book Size

*As of 15th Dec 2023
**As of 15th April 2024

Home Loan FAQs

What is a home loan?

A home loan is when you borrow a certain amount of money from a lending institution for financial support to purchase, construct or repair a house or property. The property can be residential or commercial in nature.

What is the maximum home loan that an individual can obtain?

The maximum amount that you can borrow as a home loan can reach up to 90% of your market value of the property you wish to purchase.

How long does it take to get a house loan?

Once you have placed your application and submitted your documents, all details are checked for authenticity and the amount gets disbursed within 72 hours after final loan approval (subject to your successful verification of loan documents and property evaluation). Overall, it may take between 15-21 business days at least to get a housing loan from the point of submitting the application to disbursement.

When does home loan EMI start?

The home loan EMI starts from the month after the date that the loan amount has been disbursed. However, in case of an under-construction property, you may be required to pay a pre-EMI. It refers to paying installments that comprise only the interest component of your home loan. Please note that the exact terms will depend on the lender’s policy.

Do I get tax benefits on my housing loan?

You can avail tax benefits for your home loan under the Income Tax Act. Under Section 80C, you can avail up to INR 1.5 lakhs under certain conditions, and under Section 24, you can get a deduction of up to INR 2 lakhs if you fall under the required criteria.

What is the down payment for a home loan?

Down payment for a home loan is the amount of money that you pay upfront to the seller or property builder.  In a house loan, you are required to pay a minimum of 10% of the total value of the property and the lender will fund the rest. A higher down payment makes it easier for you to repay your home loan faster, get better interest rates and loan terms. Please note that the actual down payment amount required for a borrower will vary depending on several factors including the lender’s policy at the time of loan application.


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Happy Owners

Happy Homes
Mr. & Mrs. Vijaya Bhaskar Besta, Secunderabad
Pujan N. Maniar Family, Ahmedabad
Mr. & Mrs. Chandrashekhar Shashtrimath, Karnataka
Rupam Das Family, Kolkata
Mr. & Mrs. Kaithepalli Harishkumar, Vishakhapatnam
Mr. R Sarvanakumar, Chennai
N. Durga family, Chennai
P. Vasanthakumari family, Chennai
Mr. &Mrs. Rakoti Simhachala, Vishakhapatnam
Mr.Hemant Chandramani, Rajkot
Y. Sai Kumari Family, Vishakhapatnam

“Owning a home brings in a sense of satisfaction and pride. The representative from SMFG Grihashakti has delivered good service and made our walkthrough in loan process easy. My favourite part in the entire home is the living room, which I have decorated well with special care.”

Mr. & Mrs. Vijaya Bhaskar Besta, Secunderabad

“Nothing compares to the happiness, which you get on moving to a home of your own. We are thankful to SMFG Grihashakti for helping us to achieve this happiness – they delivered excellent services in all aspects. Ever since we have moved to our home, our business has been booming!”

Pujan N. Maniar Family, Ahmedabad

“We are really happy to shift to our own place. Thanks to SMFG Grihashakti team, who helped us with their good service. The new home is very lucky for us because after we shifted here, I started my own business.”

Mr. & Mrs. Chandrashekhar Shashtrimath, Karnataka

“Having a house of your own gives you a sense of security and fulfilment. Kudos to the SMFG Grihashakti team – they are very prompt in their services! Our home is very special to us as we bond together as a family and also spend quality time with friends.”

Rupam Das Family, Kolkata

“We were looking for a home of happiness and peace. Thanks to the SMFG Grihashakti team, who helped us to realise this dream of ours. Our home has been very lucky for us – ever since we have shifted to our new home, prosperity followed!”

Mr. & Mrs. Kaithepalli Harishkumar, Vishakhapatnam

“I was very excited when I moved to my first home. Along with purchase of my new home, I also needed some funds to renovate my home. SMFG Grihashakti has been very cooperative and made my loan process very smooth. I love the balcony of my house, where I see birds chirping every morning."

Mr. R Sarvanakumar, Chennai

“Our new house is very special to me as it was the first house after our daughter was born. With SMFG Grihashakti we completed the loan process very smoothly. I love the hall of my house, where I can watch my daughter play.”

N. Durga family, Chennai

“The best part of our new home is its locality! Situated near a children’s park, now our children get to play during evenings. Service from SMFG Grihashakti has been wonderful with speedy and hassle-free loan process.”

P. Vasanthakumari family, Chennai

“Having a home is a special feeling and we experienced this when we moved from our rented accommodation to our own home. We feel fortunate to come across Grihashakti, who made the entire loan journey so simple and fast. My favourite place in the home is the living room, where I can relax with my wife after a day’s work."

Mr. &Mrs. Rakoti Simhachala, Vishakhapatnam

“It was a great feeling to own my first home. I am thankful to SMFG Grihashakti for their assistance throughout the loan process. Now my home being closer to my workplace, I can spend a quality time with my family”

Mr.Hemant Chandramani, Rajkot

“Staying in a home of your own has its own comforts. And if it is your first home, the feeling becomes more special. Thanks to SMFG Grihashakti as they helped us to realise our dream. The entire home is very special to us as we build sweet memories every day.”

Y. Sai Kumari Family, Vishakhapatnam

“A home of your own makes you feel independent. My mother was so happy when I shifted her to my own home. SMFG Grihashakti has been really helpful in making the entire loan process smooth and hassle-free. The favourite place at my home is the living room where I can spend quality time with my mother.”

Ms.Reema Chandiramani, Bhopal

Our home being the first home of our own is very special to me. It has also been a symbol of security for us. SMFG Grihashakti has been really quick in their processes and helped us through the entire loan process. Every corner of our home reflects a part of us – happiness and peace!"

Mr. & Mrs. Dinesh Sharman, Bhopal

I really feel proud to own my first home. I am thankful to Grihashakti, as the employees were so cooperative that I didn’t have to visit the branch repeatedly. My favourite in the home is balcony, from where I can see the vast sky."

Ms.Anju Saini, Kishangarh

Disclaimer: *Please note that loans are disbursed at the sole discretion of SMFG Grihashakti. Final approval, loan terms and disbursal process will be subject to SMFG Grihashakti’s policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.

SMFG India Home Finance Co. Ltd. (Formerly Fullerton India Home Finance Co. Ltd.)
CIN number: U65922TN2010PLC076972

All rights reserved © - SMFG Grihashakti

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