Updated: 16-05-2022 09:19:47 AM

Compare Home Loan Interest Rates for Top Banks & HFCs in Chandigarh
Interest Rates (% p.a.) | |||
Name of Lender | Up to 30 Lakh | Above 30 Lakh & up to 75 Lakh | Above 75 Lakh |
State Bank of India | 6.65 – 7.65 | 6.65 – 7.65 | 6.65 – 7.65 |
HDFC | 7.00-8.45 | 7.00-8.45 | 7.00-8.45 |
Axis Bank | 7.00-11.90 | 7.00-11.90 | 7.00-11.90 |
ICICI Bank | 7.10-7.95 | 7.10-7.95 | 7.10-7.95 |
Kotak Mahindra Bank | 7.00 onwards | 7.00 onwards | 7.00 onwards |
PNB Housing Finance | 6.75-12.00 | 6.75-12.00 | 6.90-9.75 |
Punjab National Bank | 6.95-8.35 | 6.90-8.05 | 6.90-8.00 |
Bank of Baroda | 6.90-8.40 | 6.90-8.40 | 6.90-8.65 |
Union Bank of India | 6.90-8.65 | 6.90-8.85 | 6.90-8.85 |
IDFC First Bank | 7.10 onwards | 7.10 onwards | 7.10 onwards |
L&T Housing Finance | 6.75 – 7.75 | 6.75 – 7.75 | 6.75 – 7.75 |
Bajaj Housing Finance | 6.65 onwards | 6.65 onwards | 6.65 onwards |
Godrej Housing Finance | 6.94-9.99 | 6.94-9.99 | 6.94-9.99 |
Tata Capital | 7.15 onwards | 7.15 onwards | 7.15 onwards |
LIC Housing Finance | 6.90-8.00 | 6.90-8.20 | 6.90-8.40 |
Note: Interest rates offered by banks, NBFCs/ HFCs are subject to change as per RBI’s directives and lenders’ discretion.

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Home Loan in Chandigarh- Features & Benefits
- Home loan insurance – for protecting your loan in case of any unfortunate event and to help your family in repayment of the remaining loan amount.
- Home loan balance transfer – for transferring of current home loan from one lender to the other in search of better interest rates.
- Pre-approved home loan – for saving time lost on home insurance approval at the time of purchasing a home that can even get sold out because of the delay in the documentation or approval process.
- Flexible interest rate – for selection of home loan interest rate whether constant throughout the tenure (fixed) or variable according to the market rate (flexible)
- Quick and simple processing
Eligibility Criteria for Home Loan
A home loan is offered against a fixed percentage of the property. Below are the required eligibility criteria the lender may look for loan approval.
- The borrower should be salaried or self-employed
- He should be of 21years or above
- He needs to have a minimum required educational qualification if self-employed
- He should have job stability and the minimum required salary
- He should have a good repayment history
- He should mention your other loan liabilities
Documents Required for Home Loan in Chandigarh
Documents for Salaried applicant
- Identity, residence, and age proof– voter id, Pan card, Adhar card, passport, etc. that is acceptable to the bank.
- Last 6 months’ bank statements for approval of pre-decided loan amount.
- Last 3 months’ salary slips.
- Form 16 or Income Tax returns.
Documents for Self-employed applicant
- Identity, residence, and age proof– voter id, Pan card, Adhar card, passport, etc. that is acceptable to the bank.
- Last 6 months’ bank statements for approval of pre-decided loan amount.
- Education qualification certificate.
- Form 16 or Income Tax returns with computation of income.
- Proof of continuity/existence of business, for self-employed non-professionals.
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account.