Updated: 19-08-2022 10:48:36 AM
Compare Home Loan Interest Rates for Top Banks & HFCs in Chandigarh
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
| SBI | 8.05% - 9.05% | 8.05% - 8.95% | 8.05% - 8.95% |
| HDFC | 8.10% - 9.50% | 8.35% - 9.75% | 8.45% - 9.85% |
| LIC Housing Finance | 8.00% - 9.50% | 8.00% - 9.70% | 8.00% - 9.90% |
| ICICI Bank | 8.10% - 9.00% | 8.10% - 9.00% | 8.10% - 9.10% |
| Kotak Mahindra Bank | 7.99% onwards | 7.99% onwards | 7.99% onwards |
| PNB Housing Finance | 7.99% - 12.50% | 7.99% - 12.50% | 8.10% - 11.20% |
| Punjab National Bank | 7.95% - 9.35% | 7.90% - 9.05% | 7.90% - 9.00% |
| Bank of Baroda | 7.95% - 9.45% | 7.95% - 9.45% | 7.95% - 9.70% |
| Union Bank of India | 7.90% - 9.65% | 7.90% - 9.85% | 7.90% - 9.85% |
| IDFC First Bank | 7.95% onwards | 7.95% onwards | 7.95% onwards |
| L&T Housing Finance | 7.70% - 8.70% | 7.70% - 8.70% | 7.70% - 8.70% |
| Bajaj Housing Finance | 7.70% onwards | 7.70% onwards | 7.70% onwards |
| Godrej Housing Finance | 7.99% - 10.99% | 7.99% - 10.99% | 7.99% - 10.99% |
| Tata Capital | 8.10% onwards | 8.10% onwards | 8.10% onwards |
| Federal Bank | 9.05% - 9.10% | 7.77% - 9.15% | 7.77% - 9.20% |
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.