Home Loans in Jammu

Compare Home Loan Interest Rates Offered by Various Banks & HFCs in Jammu

Name of Lender	Loans of Up to Rs. 30 Lakh
Bank of India	7.10% p.a. onwards	Check Eligibility
State Bank of India	7.25% p.a. onwards	Check Eligibility
Punjab National Bank	7.20% p.a. onwards	Check Eligibility
Canara Bank	7.15% p.a. onwards	Check Eligibility
HDFC Bank	7.90% p.a. onwards	Check Eligibility
Bajaj Housing Finance	7.40% p.a. onwards	Check Eligibility
ICICI Bank	7.65% p.a. onwards	Check Eligibility
Axis Bank	*8.25% p.a. onwards	Check Eligibility
Federal Bank	*7.90% p.a. onwards	Check Eligibility
Kotak Mahindra Bank	7.70% p.a. onwards	Check Eligibility
IDFC FIRST Bank	8.85% p.a. onwards	Check Eligibility
IDBI Bank	7.35% p.a. onwards	Check Eligibility
RBL Bank	8.20% p.a. onwards	Check Eligibility
Tata Capital Housing Finance	7.75% p.a. onwards	Check Eligibility
PNB Housing Finance	*7.20% p.a. onwards	Check Eligibility
Sammaan Capital (Formerly known as Indiabulls Housing Finance)	8.75% p.a. onwards	Check Eligibility
India Shelter Home Loan	8.43% p.a. onwards	Check Eligibility
L&T Finance Limited	*8.40% p.a. onwards	Check Eligibility
Godrej Housing Finance	7.75% p.a. onwards	Check Eligibility
Home First Finance	8.00% p.a. onwards	Check Eligibility
Easy Home Finance	8.99% p.a. onwards	Check Eligibility
Piramal Capital Housing Finance	*8.25% p.a. onwards	Check Eligibility
Shubham Housing Finance	10.45% p.a. onwards	Check Eligibility
Punjab & Sind Bank	7.30% p.a. onwards	Check Eligibility
Jio Housing Finance	8.20% p.a. onwards	Check Eligibility
HDFC Sales Pvt Ltd	7.90% p.a. onwards	Check Eligibility

Note: Interest rates as of 8 September 2025

Features of Home Loans offered in Jammu

• Banks, HFCs and NBFCs offer home loan interest rates starting from 7.35% p.a. for new borrowers.
• Home loan lenders in Jammu offer repayment tenures of up to 30 years.
• The loan to value (LTV) ratio provided by home loan lenders can go up to 90% of the property value, according to the RBI’s guidelines on home loan LTV ratios. Banks, HFCs and NBFCs decide the final LTV ratios of their home loan applicants depending on the sanctioned loan amount:

Home Loan Amount	Home Loan LTV Ratio
Up to Rs 30 lakh	Up to 90% of total cost of property
Above Rs 30 lakh and up to Rs 75 lakh	Up to 80% of total cost of property
Above Rs 75 lakh	Up to 75% of total cost of property

• Existing borrowers can avail the home loan balance transfer facility to move their ongoing home loans to other lenders at lower interest rates.
• Banks, HFCs and NBFCs also offer top-up on home loans for their existing borrowers. Home loan customers can avail the home loan top-up facility for personal, professional and business related purposes.
• Home loan lenders in Jammu also offer pre-approved home loans to select existing borrowers based on their monthly/annual income, credit scores and other facets of their credit profiles.
• The RBI’s guidelines on home loan prepayment charges state that banks, HFCs and NBFCs cannot levy prepayment charges on home loans at floating interest rates. However, lenders can charge prepayment fees for fixed interest rate home loans. Lenders also have the discretion to exempt their existing borrowers from paying home loan prepayment charges.

Minimum Income Requirements for Availing Home Loans in Jammu

Lenders offering home loans in Jammu are more likely to approve loan applications of salaried applicants with monthly income of at least Rs 10,000 and self-employed applicants with minimum Rs 1 lakh as annual income.

Eligibility Criteria of Home Loans in Jammu

Although loan applicants of any bank, HFC or NBFC can check the home loan eligibility criteria set by their lenders while applying for the loan, home loan lenders in Jammu usually have the following eligibility criteria for home loan applicants availing housing loans for home purchase, construction, renovation and extension:

Job Profile

Both salaried and self-employed loan applicants are eligible for availing home loans in Jammu.

Age

Banks, HFCs and NBFCs offering home loans in Jammu usually prefer home loan applicants aged 18 years and above. However, home loan lenders also require their existing borrowers to repay the entire loan amount by the time they are 70 years old.

Nationality

Home loan lenders in Jammu usually approve loan applications of resident Indians with some lenders also providing home loans to NRIs, PIOs and OCIs.

Credit Score

Home loan applicants with credit scores of 730 and above are considered as financially disciplined and hence, lenders are more likely to approve their home loan applications. Loan applicants with higher credit scores are also more likely to get home loans at lower interest rates.

Work Experience

Home loan Lenders in Jammu usually sanction home loans of applicants with minimum 2 years of work experience (for salaried)/business continuity (for self-employed).

Documents Required for Home Loans in Jammu

Although every home loan lender requires their loan applicants to submit various documents needed for home loans, some of the main home loan documents required by most banks, HFCs and NBFCs offering home loans in Jammu are as follows:

For salaried applicants

• Proof of age/identity: PAN card, Aadhaar Card, Voter ID, birth certificate, driving Licence, bank passbook, etc.
• Residence proof: Ration Card, bank passbook, Voter ID, utility bills (electricity, gas, telephone), LIC policy receipt, etc.
• Income proof: Employment contract, last 3 month salary slips, letter of promotion, increment letter, income tax returns, Form 16, etc.
• Proof of own contribution
• Loan applicants’ bank statements reflecting repayment of existing loans, if any
• Cheque for home loan processing fees
• Property related documents

Additional documents required by self-employed applicants availing home loans

• Income tax returns of last 3 years
• Savings account statement of home loan applicants and current account statement of their business entity of last 6 months
• P&L account statements & balance sheet of last 3 years, duly attested by a Chartered Accountant (CA)
• Proof of business address
• Updated 26AS form
• Details of business licence of the home loan applicant
• Business profile of home loan applicants

Note: Home loan lenders in Jammu may ask their loan applicants to submit further documents, apart from the ones mentioned above, based on their requirements.