When it comes to buying a home, one of the most critical factors to consider is the interest rate on your housing loan. Hinduja Housing Finance (HHFL), a trusted name in the Indian housing finance sector, offers competitive interest rates and flexible repayment options to make homeownership more accessible. In this article, we’ll dive deep into Hinduja Housing Finance’s interest rates, explore how they compare to other lenders, and provide practical tips to help you make informed decisions.
Introduction to Hinduja Housing Finance
Hinduja Housing Finance, a subsidiary of the Hinduja Group, has been a key player in the housing finance market since its inception in 2015. Known for its customer-centric approach, HHFL offers a wide range of home loan products, including loans for new properties, self-construction, home improvement, and balance transfers. With interest rates starting at 10.50% per annum and loan tenures extending up to 25 years, HHFL aims to cater to the diverse needs of salaried individuals, self-employed professionals, and NRIs
Hinduja Housing Finance Interest Rates: An Overview
As of 2025, Hinduja Housing Finance offers home loan interest rates starting at 10.50% per annum, with variations depending on the loan type and borrower profile. Here’s a breakdown of their interest rates for different loan categories
| Loan Type | Interest Rate (p.a.) |
|---|---|
| New Property Home Loan | 10.50% onwards |
| Self-Construction Loan | 10.50% onwards |
| Resale Home Loan | 10.50% onwards |
| Home Extension Loan | 10.50% onwards |
| Home Improvement Loan | 10.50% onwards |
| Balance Transfer Loan | 10.50% onwards |
These rates are competitive, especially when compared to other non-banking financial companies (NBFCs) in India
Factors Influencing Hinduja Housing Finance Interest Rates
Several factors determine the interest rate you’ll be offered by Hinduja Housing Finance:
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Loan Amount and Tenure: Higher loan amounts or longer tenures may attract slightly higher interest rates.
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Borrower Profile: Salaried individuals with stable incomes and high credit scores often qualify for lower rates compared to self-employed applicants.
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Type of Interest Rate: HHFL offers both fixed and floating interest rates. Fixed rates remain constant throughout the loan tenure, while floating rates fluctuate based on market conditions7.
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Credit Score: A CIBIL score of 700 or above is generally preferred by HHFL for the best interest rates
How Hinduja Housing Finance Compares to Other Lenders
When compared to other lenders, Hinduja Housing Finance stands out for its competitive pricing and customer-friendly policies. For instance:
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Central Bank of India offers rates starting at 8.50% p.a., but with higher processing fees.
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Kotak Mahindra Bank charges 8.70% p.a., but its loan approval process may be more stringent.
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Piramal Housing Finance has higher rates, starting at 11.00% p.a., making HHFL a more affordable option for many borrowers
Hinduja Housing Finance EMI Calculator
EMI Calculator
Case Study: Calculating EMIs with Hinduja Housing Finance
Let’s take the example of Aman, a young professional in Mumbai who wants to buy a home worth ₹50 lakh. He opts for a 20-year loan from Hinduja Housing Finance at an interest rate of 10.50% p.a. Using the EMI formula:
**EMI = [P x R x (1+R)^N] /[(1+R)N−1]∗∗
Where:
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P = Principal loan amount (₹50,00,000)
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R = Monthly interest rate (10.50%/12 = 0.875%)
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N = Loan tenure in months (20 years x 12 = 240 months)
Aman’s EMI would be approximately ₹49,918 per month. Over the loan tenure, he would pay a total interest of ₹69,80,320, making the total repayment amount ₹1,19,80,320
Tips to Secure the Best Interest Rates
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Improve Your Credit Score: A CIBIL score above 700 can significantly lower your interest rate.
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Opt for a Shorter Tenure: While longer tenures reduce EMIs, they increase the total interest paid.
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Negotiate with the Lender: Don’t hesitate to discuss your financial situation and negotiate for better rates.
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Consider a Balance Transfer: If you have an existing home loan with a higher interest rate, transferring it to HHFL can save you money
Conclusion: Making Homeownership Affordable
Hinduja Housing Finance’s competitive interest rates, flexible repayment options, and customer-centric approach make it a reliable choice for aspiring homeowners. By understanding the factors that influence interest rates and leveraging tools like EMI calculators, you can make informed decisions and secure a loan that fits your budget.
Whether you’re buying your first home, renovating an existing property, or transferring a loan, Hinduja Housing Finance offers tailored solutions to meet your needs. Take the first step toward your dream home today by exploring their offerings and consulting their experts for personalized advice.
Disclaimer: Interest rates and fees are subject to change. For the most accurate and up-to-date information, visit Hinduja Housing Finance’s official website or consult a financial advisor.
