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Edelweiss Home Loan Interest Rates 2021

Edelweiss Housing Loan Interest Rate -Today

Last Updated 10th Jun 2021

Current Edelweiss Home Loan interest rates Jul 2021 starts at 10.50% p.a. for a maximum tenure of 25 years. The processing fee on its housing loans is Upto 0.25%.

Loan AmountEdelweiss Home Loan Floating Rate
Upto ₹ 30 Lakh10.50%
₹ 30 Lakh - ₹ 75 Lakh10.75%
₹ 75 Lakh - ₹ 1.50 Cr10.90%
Above ₹ 1.50 Cr10.90%
Apply for Home Loan @ 6.65%* Get upto ₹ 1,000* Cashback

Current Edelweiss Home Loan Rate

Today Edelweiss home loan interest rates are in the range of 10.50% to 10.90%, with special discounted rates for specific categories of borrowers such as women borrowers for whom the bank offers the lowest interest rate of 10.50%.

Below-mentioned are Edelweiss home loan rates for multiple housing schemes.

Edelweiss Home Loan Scheme Interest Rates
Edelweiss Home Loan Floating10.50% - 10.90%

Edelweiss Home Loan Interest Rates for Salaried and Self Employed

The home loan interest rates in Edelweiss for salaried & non-salaried employee is mentioned in the table below:

Home Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 30 Lakh 11.00%
₹ 30 Lakh - ₹ 75 Lakh 11.00%
₹ 75 Lakh - 1.50 Cr 11.00%
Above ₹ 1.50 Cr 11.00%

Edelweiss Home Loan Processing Fee and Other Charges

Edelweiss home loan processing charges are upto 0.25% of the loan amount from its home loan customers to cover its expenses of conducting credit appraisal and technical evaluation of property. on home loan which is typically non-refundable and has to be paid at the time of loan application. In addition to processing fees, the bank also charges certain technical and legal charges which are explained to the customer during the loan process and are payable once the loan application proceeds further.

Processing Fees Upto 0.25% of the loan amount;
Foreclosure Charges Nil for floating rate home loans

Edelweiss Home Loan Balance Transfer Interest Rates

Edelweiss home loan balance transfer facility is ideal for existing home loan customers, who are paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to Edelweiss at a lower rate of interest, without closing the account. However, you do need to check the foreclosure charges that you have to pay to your existing lender if it is a fixed rate loan. Currently, Edelweiss offers the lowest home loan balance transfer rate of 10.50%.

Illustration on Home Loan Interest Rate Edelweiss
Maximum Annual Percentage Rate (APR) 10.51% to 10.91%
Representative example of the total cost of the loan, including all applicable fees
Here is an illustration of the total cost of the loan:
  • Total amount borrowed: ₹ 1,00,000
  • Time period: 5 Years to 25 Years
  • Edelweiss Home Loan Interest Rate: 10.50% to 10.90%
  • Processing Fee payable to: Upto ₹ 250
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 944 for 25 Years ₹ 1,00,000 loan at 10.50% (lowest rate, longest time period) to ₹ 2,169 for 5 Years ₹ 1,00,000 loan at 10.90% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 10.51% to 10.91%
  • Total cost payable over loan tenure: ₹ 1,29,213 for 5 Years loan to ₹ 2,83,504 for 25 Years loan

FAQs

What is Edelweiss Home Loan Interest Rate?

Edelweiss Home Loan interest rate ranges between 10.50% to 10.90%. The salaried borrowers with high credit score and income are eligible to get lower interest rates.

Has Edelweiss reduced home loan rates?

Presently, Edelweiss offers personal loans at an interest rate starting at 10.50%. There has been no change in personal loan rates of Edelweiss for a long time and continue to stand at 10.50%.

Why should I opt for balance transfer to Edelweiss?

Edelweiss offers lowest Home Loan EMI of ₹ 944 per lakh availed at the lowest interest rate 10.50% for a maximum tenure of 25 years. you are paying an EMI more than ₹ 944 per lakh, you should consider the option for a loan transfer to Edelweiss from your existing bank.

  • Floating rate on Edelweiss housing loan is linked to its PLR Rate, which is currently at 17.50%. When Bank offers a Home Loan at %, it applies a discount of 17.5% to its PLR Rate to arrive at this Home Loan rate.
  • When RBI increases rates, the bank may increase its PLR rate and the applicable interest rate for all existing and new Home Loans would increase. When RBI cuts interest rates and the bank reduces the PLR rate, the benefit of lower rates will have to be passed to both old borrowers and new house loan accounts.

What is the current Edelweiss Home Loan rate?

The current Edelweiss Home Loan rate starts from 10.50% with a processing fee of Upto 0.25%.Edelweiss housing loan rate varies across the applicant’s eligibility and the scheme they opt for. Edelweiss offers different home loan rates for different home loan products.

Can Edelweiss housing loan interest rate be negotiated?

Yes, if you have a good relationship with the bank and a high credit score, you can negotiate with Edelweiss to lower the home loan rates.

What are the interest rates of home improvement loans in Edelweiss?

You can avail of Edelweiss home loans for home improvement at regular home loan rates starting at 6.65%.

Can Edelweiss revise the home loan interest rates for their existing customers?

Edelweiss home loan rates change for the existing customers if they have availed home loans at a floating rate of interest. The floating interest rates on home loans vary as per the change in market trends or in external benchmark rates such as the repo rate.

Does Edelweiss offer a concessional home loan interest rate for women?

Yes, Edelweiss offers special home loan interest rates for women. As against Edelweiss home loan rates for male which is 10.50%, the home loan interest rate for women starts at %.

What is the Edelweiss home loan rate of ₹ 25 Lakh for 15 years?

Edelweiss home loan varies as per the loan amount. For home loan upto ₹ 25 Lakh, Edelweiss provides home loan interest rate starting at 6.65%.

At what interest rate does an Edelweiss employee get a home loan?

Edelweiss offers concessional home loan rates of about 1% than the current home loan rates to Edelweiss employees.

Is Edelweiss home loan a floating rate loan or fixed-rate loan?

Edelweiss home loan is offered at both fixed and floating rate. In the case of the fixed rate, the interest remains the same whereas in the case of the floating rate the home loan rates keep varying according to the market.


Edelweiss Home Loan Reviews 3.5/5  by 1 customers
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Rajeev Kapoor, Delhi
Reviewed on 31st Dec 2015
3.5 / 5 stars
Edelweiss Home Loan Availed in Dec-17

I took a home loan of 20 lakh for 20 years on good interest rates. The customer service was good butRead more...

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Edelweiss Home Loan News - Jul 2021
  • 2021-06-10 : Central Bank of India to become co-lending partners with Edelweiss
    Edelweiss Retail Finance Ltd. (ERFL) strengthened its co-lending partnership with the Central Bank of India in order to ensure priority sector lending to the MSMEs. MSMEs can now avail collateral free loans of upto 50 lakhs and Loan against property of upto Rs 10 crores.
  • 2017-02-10 : Edelweiss Financial registers 47 percent growth in its net profit in third quarter of FY17
    Edelweiss Financial has reported a growth of 47 percent in its net profit at Rs. 155 crore during the third quarter of FY17 as compared to Rs. 106 crore for the corresponding period a year ago. The housing finance company also registered a healthy growth of 18 percent in its total income at Rs. 1,609 crore during the quarter as compared to Rs. 1,361 crore a year ago.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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