What Is The Home Loan Interest Of Five Star Finance?

I took a home loan from Five Star Finance, so let me share with you some necessary details regarding their housing loan fees and charges. Five Star Finance home loan interest rate ranges from 16% p.a. to 17% p.a. Depending on the customer tenure period and risk profiling. They also have certain terms and conditions that you must know. I have explained everything below. 

What is the 5 Star Home Loan Interest Rate?

Five Star Housing Loan offers a loan for a maximum tenure of 15 years subject to the policy of the company. The Five Star home loan interest rate depends on several factors, such as tenure period, credit score, employment history, and so on. Here is some more information you need to know about Five Star Home Loans.

• Processing Fee: 2%

• Delayed Interest: 2%

• Legal and Inspection Charges: Rs. 3000

• Pre-Closure Charges: As per loan agreement which is subject to NHB regulations.

• Collateral: The collateral for the loan will be the land and the building constructed there. You need to bear the charges for the creation of security.   

• Insurance of the Borrowers - As a borrower from Five Star Housing Finance, you also need to have risk coverage through credit shield cover insurance.

KYC Documents Required for Home Loan in Five Star Finance

• ID Proof - Ration card, PAN card, driving license, Voter ID, Passport, AADHAR, First page of Bank Passbook

• Address Proof - Gas Bill book, Telephone bill, AADHAR, driving license, voter ID, Ration card 

So, this is all about the Five Star Housing Finance interest rates. I hope the information will help you. 

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As far as I am aware, Five Star Bank provides business loans. Five Star offers secured loans to self-employed people and micro-entrepreneurs for use in starting their own businesses, creating assets like improvements to their homes, or paying for big-ticket items like weddings, medical treatment, and education. So, I am guessing you are referring to Star Housing Finance interest rate with Five Star Bank home loan interest rate.

What is Five Star Housing Finance Interest Rates?

Home loan interest rates are determined by and connected to the Star Retail Prime Lending Rate (SRPLR), which is based on a number of dynamic business characteristics. So, for the exact rates, you may have to get in touch with a Star Housing Bank professional or contact their customer service. I can tell you what kind of housing loans are offered by Star Housing Finance. Regular Housing Loans

• New Purchase/ Resale Home Loans
• Construction Loans
• Composite Loans
• Improvement/ Extension Loans

Rural Housing Loan

• Star Gram Nayi Manzil Griha Loan
• Star Gram Pakka Ghar Loan
• Star Gram Vikas Griha Loan
• Star Gram Nayi Peedhi Griha Loan
• Star Gram Sulabh Swachhta Griha Loan

I am sure now you understand about Five Star Bank home loan interest rate or I would rather say Star Housing Finance interest rates. Get Home Loans at the Lowest Interest Rates With NoBroker Home Loans. Read More: What is Godrej Housing Finance Home Loan Interest Rate?

With the Five Star finance home loan interest rates ranging from 6.50% to 9.50% p.a., Star Home Finance Ltd offers inexpensive house loans with loan amounts up to Rs. 25 lakh and terms up to 20 years. The aim of Star Housing Finance Limited (Akme Star HFC) is to realise the dream of homeownership for members of the Middle Income Group (MIG), Lower Income Group (LIG), and Economically Weaker Sections (EWS) of society.

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Five Star home loan interest rates range from 6.50% to 9.50% per year. In addition to the processing fee, which is 2.0% of the loan amount, there is a non-refundable login fee of Rs. 3,500 (taxes included, incidental fees excluded).

After understanding the five star property loan interest rate, let us focus on the,

Documents Required to Apply for Star Housing Finance Home Loan:

• Address Proof (any one):

Electricity bill, Ration card, Telephone bill, Registered rental agreement, Bank passbook, Gas bills, Letter from society

• Identity Proof (any one):

PAN card, Voters ID, Aadhaar card, Passport, Driving license

• Age Proof (any one):

PAN card, Passport, Driving license, School leaving certificate, Birth certificate, Age, affidavit, signed and stamped

• Income Documents: Salaried and Resident Indians:

Latest Form 16, Last 6 months’ salary bank account statements, Last 6 months’ other savings bank account statements, Last 3 months’ salary slips or salary certificate, Proof of investments/savings, Proof of other income

• Salaried Non-Resident Indians:

Last 6 months’ salary slips, Last 6 months local and overseas bank account statements, Last 6 months’ NRO/NRE bank statements, Latest employment contract or work permit, Report from credit bureau with credit score, Copy of passport with visa that is valid, Non residence proof, Person of Indian Origin (PIO) proof, and Power of attorney

• Self-Employed (Professional and Non-Professional):

Last 2 years’ ITR, If salary is drawn, salary statement, bank statement, and Form 16

Advance tax challan or self-assessment tax-paid challan, Last one year’s savings and current accounts bank statements of self and company, Business profile on company’s letter by the applicant, Statement of net worth, Proof of savings and investments, VAT registration/shop establishment license.

I’d like to conclude my answer here about five star finance home loan interest rates. I hope this helps:)

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