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Edelweiss Home Loan Interest Rates 2022

Edelweiss Housing Loan Interest Rate -Today

Last Updated 28th Mar 2022

  • Current Edelweiss Home Loan interest rates May 2022 starts at 8.00% p.a. for a maximum tenure of 25 years.
  • The processing fee on Edelweiss housing loans is Upto 0.25%. Check Best Offers.
  • Use Edelweiss home loan interest calculator to calculate EMI on lowest rates.
Interest Rate General 8.00% - 16.95%
Interest Rates for Women 8.00%
Benchmark rate PLR
Processing Fees NIL
Part Payment/Foreclosure Charges Nil for floating rate home loans
Balance Transfer Rates 6.50%
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Voucher

Edelweiss Home Loan Interest

Edelweiss offers home loans to both salaried individuals and self-employed at a minimum rate starting at 8.00%. Apart from the interest rate, the bank also has various other charges such as Edelweiss processing fee and foreclosure and prepayment fee for closing or prepaying the loan before the loan tenure ends.

  • Current Edelweiss Bank housing loan interest rates range between 8.00% to 16.95% for male borrowers.
  • Edelweiss home loan interest for women borrowers is less than the general housing loan rates and starts at 8.00%.
  • Existing customers can get the lowest Edelweiss bank home loan rate by negotiation with the bank.

Edelweiss Housing 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. 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;
Part Prepayment Charges Allowed
Foreclosure Charges Nil for floating rate home loans

Interest Rates on Edelweiss Home Loans Schemes

Edelweiss offers a housing loan interest rate of 8.00%. If you want to avail of the home loan at the lowest rates, you should have a good CIBIL score, debt-income ratio and repayment capacity. In addition, Edelweiss home loan interest rates are lower for existing customers of the bank and individuals who are working with reputed corporations with a stable employment history.

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

Edelweiss Home Loan Scheme IR Salaried (Male) IR Salaried (Female) IR Self-employed (Male) IR Self-employed (Female)
Edelweiss Home Loan Floating 8.00% 8.00% 8.00% 8.00%

Edelweiss Home Loan Interest Rate for Salaried and Self-Employed

The home loan interest rates in Edelweiss for salaried and self-employed is mentioned in the table below:

Home Loan Interest Rate for Salaried

Loan Amount Rate
Upto ₹ 30 Lakh 8.00%
₹ 30 Lakh - ₹ 75 Lakh 8.00%
₹ 75 Lakh - 1.50 Cr 8.00%
Above ₹ 1.50 Cr 8.00%

Housing Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 30 Lakh 8.00%
₹ 30 Lakh - ₹ 75 Lakh 8.00%
₹ 75 Lakh - 1.50 Cr 8.00%
Above ₹ 1.50 Cr 8.00%

Edelweiss Bank Home Loan Interest Rate For Women & Govt Employee

Loan Amount Edelweiss Home Loan Interest For Women Edelweiss Home Loan Interest For Govt Employee
Upto ₹ 30 Lakh 8.00% 8.00%
₹ 30 Lakh - ₹ 75 Lakh 8.00% 8.00%
₹ 75 Lakh - 1.50 Cr 8.00% 8.00%
Above ₹ 1.50 Cr 8.00% 8.00%

Edelweiss Home Loan Balance Transfer Interest Rates

Edelweiss home loan balance transfer facility is ideal for existing home loan customers paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to Edelweiss at a lower interest rete without closing the account. However, you 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 loan balance transfer rate of 6.50%.

Illustration on Home Loan Interest Rate Edelweiss
Maximum Annual Percentage Rate (APR) 8.01% to 16.96%
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: 8.00% to 16.95%
  • Processing Fee payable to: Upto ₹ 250
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 772 for 25 Years ₹ 1,00,000 loan at 8.00% (lowest rate, longest time period) to ₹ 2,483 for 5 Years ₹ 1,00,000 loan at 16.95% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 8.01% to 16.96%
  • Total cost payable over loan tenure: ₹ 1,21,908 for 5 Years loan to ₹ 2,31,796 for 25 Years loan

Edelweiss Home Loan Rate Trends (Historical)

Edelweiss has reduced interest rates on home loans by 2.5% on 18 Oct, 2021. After the cut in Edelweiss home loan rates, the latest rates start from 8.00%. The past home loan interest rate trend of Edelweiss is as below:
Last Revised Date Lowest Home Loan Interest Rate of Edelweiss Rate Difference
18 Oct, 202110.50% -2.5%

FAQs

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

Edelweiss offers home loans at both fixed and floating rates. In the case of the fixed rate, the interest remains the same throughout the tenure. On the other hand, the home loan rates vary as per the market fluctuations for floating home loan rates.

What is the Edelweiss home loan interest rate for existing customers?

Existing customers of Edelweiss who have any other loan accounts or investment accounts in Edelweiss can get a discounted rate than the general Edelweiss bank home loan interest rate. The current Edelweiss home finance rate of interest is 8.00%.

What is the Edelweiss home loan rate today?

Edelweiss offers home loan interest rate today is in the range of 8.00% to 16.95%. The bank does not charge any processing fees on the home loan amount. You can get the lowest Edelweiss interest rate if you have a good CIBIL and existing relationship with the bank.

Why should I opt for balance transfer to Edelweiss?

Edelweiss offers the lowest balance transfer rates on housing loans. At the lowest rates, your housing loan EMI will be ₹ 772. If you are paying an EMI of more than ₹ 772, you should transfer your outstanding loan from the existing bank to Edelweiss. Apart from the discounted rates, you can also avail of flexible loan tenure, top-up loans and other benefits.

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 Edelweiss interest rates. Apart from the home loan rates, you can also negotiate over the processing fee.

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 8.00%, the home loan interest rate for women starts at %.

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.


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

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Edelweiss Home Loan News - May 2022
  • 2022-03-28 : Edelweiss Housing Finance Ties up for Co-lending in Priority Sector Home Loans
    Edelweiss Housing Finance Limited (EHFL) partnered with the SBI for co-lending towards priority sector home loans to self-employed entrepreneurs and salaried customers. The alliance will leverage the combined reach in tier II and tier III markets.
  • 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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