Updated: 02-06-2022 09:19:23 AM
Compare Home Loan Interest Rate Offered by Various Banks & HFCs in Pune
| Name of Lender | Up to 30 Lakh | Above 30 Lakh & up to 75 Lakh | Above 75 Lakh |
| SBI Home Loan | 7.55-8.55 | 7.55-8.45 | 7.55-8.45 |
| HDFC | 7.55-8.75 | 7.55-9.00 | 7.55-9.10 |
| Axis Bank | 7.60-12.50 | 7.60-12.50 | 7.60-8.05 |
| ICICI Bank | 7.60-8.20 | 7.60-8.35 | 7.60-8.45 |
| Kotak Mahindra Bank | 7.50 onwards | 7.50 onwards | 7.50 onwards |
| PNB Housing Finance | 7.50–16.75 | 7.50–16.75 | 7.60–10.70 |
| Punjab National Bank | 7.45-8.85 | 7.40-8.55 | 7.40-8.50 |
| Bank of Baroda | 7.45-8.95 | 7.45-8.95 | 7.45-9.20 |
| Union Bank of India | 7.40- 9.15 | 7.40- 9.15 | 7.40- 9.35 |
| IDFC First Bank | 7.50 onwards | 7.50 onwards | 7.50 onwards |
| L&T Housing Finance | 7.20-8.20 | 7.20-8.20 | 7.20-8.20 |
| Bajaj Housing Finance | 7.20 onwards | 7.20 onwards | 7.20 onwards |
| Godrej Housing Finance | 7.49-10.99 | 7.49-10.99 | 7.49-10.99 |
| Tata Capital | 7.75 onwards | 7.75 onwards | 7.75 onwards |
| LIC Housing Finance | 7.50-8.60 | 7.50-8.80 | 7.50-9.00 |
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 Pune – Features & Benefits
- Interest subsidy under PM Awas Yojana – Home loans taken under PMAY CLSS will get you an interest subsidy of up to Rs. 2.67 lakh
- Low-Interest Rate with Flexible Options – Individuals with good repayment history and repayment capacity can get home loans at the lowest rates. Home loans are available at both fixed and floating rate options
- Balance transfer facility – Enables you to transfer your home loan to another bank offering a lower interest rate on home loans
- Top-up loan facility – Home loan top up takes care of borrowers’ additional funding requirements
- Home loan insurance – Secures your home loan and helps your family in taking care of the remaining home loan in case of an unfortunate incident
- Pre-approved home loan – For a quick acquisition of a home with the least documentation and a simple approval process
- Multiple tax benefits – Home loan comes with multiple tax benefits of up to Rs. 3.5 lakh on home loan principal amount and interest amount
Calculate Home Loan EMI
The home loan EMI calculator is a useful tool for knowing home loan EMI in advance. To give results, it requires input values for the loan amount, tenure, and interest rate. The home loan calculator also helps in comparing different loan choices from various banks and other lending institutions. A user can change the input values until he/she gets an affordable loan structure. Calculate your home loan EMI.
Eligibility Criteria for Home Loan
Eligibility for Salaried applicant
- Nationality – Resident Indians, Non-Resident Indians (NRIs) & Persons of Indian Origin (PIOs)
- Age – 18 to 70 years
- Work experience/ business continuity – At least 2 years
- Net minimum income/salary – At least Rs. 25,000
- Credit Score – Credit Score of 750 and above can help in availing lower interest rates
Eligibility for Self-employed applicant
- Nationality – Resident Indians, Non-Resident Indians (NRIs) & Persons of Indian Origin (PIOs)
- Age – 21 – 70 years
- Work experience/ business continuity – At least 3 years
- Net minimum income/salary – At least Rs. 5 lakh
- Credit Score – Credit Score of 750 and above can help in availing lower interest rates
Documents Required for Home Loan in Pune
The list of documents required to apply for a home loan in Pune, Maharashtra is:
- Duly filled and signed home loan application form
- Passport size photographs
- Proof of Identity such as Aadhaar Card, PAN Card, Driving License, Passport and Voter ID Card
- Proof of Residences such as Aadhaar Card, Voter ID Card, Passport and Driving License
- Proof of Business Continuity of at least 5 years (for self-employed applicants)
- Proof of Income such as Form 16 or latest salary slips (for salaried applicants)
- Past 6 months’ bank account statements