Home Loans in
Allahabad
Allahabad, also known as Prayagraj, is a city in Uttar Pradesh known worldwide for its confluence of three rivers. The presence of the high court, several educational institutions, cultural and historical centers, and affordability make Allahabad a perfect city for a real estate investment. You, too, can buy a home in this holy city with a home loan in Allahabad. Prominent banks and non-banking financial companies offer home loans in Allahabad for up to 30 years, and they usually charge a processing fee starting from 0.25% of the loan amount and taxes. You can choose a loan to purchase a plot or home, renovate an existing house, or transfer your outstanding loan amount to a new lender with ease due to the presence of several leading banks and NBFCs.
Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Home Loan Interest Rates in Allahabad
The lowest Allahabad home loan interest rate starts at 8.45% per annum. Whether you are a salaried or a self-employed person, you can easily apply for a home loan in Allahabad. Some banks also offer the affordable housing scheme from the government PMAY at subsidized rates, while some offer concessions on interest rates for women borrowers. Listed below in the table are the 10 best banks and housing finance companies offering easy housing loans in Allahabad and their respective rate of interest and processing fee:
| BASIC Bank/NBFC Partner Name | Max Tenure (in years) | Rate of Interest | Processing Fees (INR) | Contact |
|---|---|---|---|---|
Bank of India | 30 | 8.45% | Up to 0.25% of the loan amount (Minimum: Rs. 1,500; Maximum: Rs. 20,000) | |
LIC HFC | 30 | 8.50% | Up to 0.25% of the loan amount (Maximum: Rs. 25,000) | |
L&T Finance | 25 | 8.60% onwards | Up to 3% of the loan amount + taxes | |
HDFC Bank | 30 | 8.65% - 9.85% | Up to 0.25% of the loan amount (Minimum: Rs. 3,540) | |
ICICI Bank | 30 | 8.75% onwards | 0.50% - 2.00% of the loan amount | |
PNB Housing | 30 | 8.75% onwards | Up to 0.50% of the loan amount (Maximum: Rs. 10,000) | |
Tata Capital Ltd. | 30 | 8.95% onwards | Up to 0.25% of the loan amount (Maximum: Rs. 3,540) | |
Piramal Housing Finance | 30 | 11.00% | Up to 3.00% of the loan amount | |
State Bank of India | 30 | 9.15% - 12.95% | Up to 0.25% of the loan amount (Maximum: Rs. 10,000) |
Eligibility Criteria for Home Loans in Allahabad
These criteria are subject to variation from one bank to another. It is recommended that you check with the specific bank you are applying to for a home loan for its eligibility requirements.
Documents Requirement for Home Loans in Allahabad
Document submission is one of the key procedures to get a home loan in Allahabad. The documents required for home loan in Allahabad are basically required by the lender to verify the address, age, income, property, and other similar details of the applicant. Continue reading to check out the specific document requirements for home loans in Allahabad from salaried and self-employed applicants:
|
|
| Proof Of Residency | Aadhaar Card, Valid Passport |
| Proof Of Income | Bank Passbook, Bank statement, Last 3 years IT Return |
| Proof Of Age | PAN Card, Voter ID, Birth Certificate, Registration Certificate Of Establishment |
| Proof Of Employment | Certified Letter from Employee/Company Memorandum |
Talk to our Expert
- Neutral, AI-backed advice
- Compare 50+ lenders instantly
- Transparent process, Zero bias
By continuing, I agree with Basic Terms and Conditions and Privacy Policy
FAQs
Ready to Find the Best-Fit Home Loan?
- Talk to Your Dedicated Loan Expert Today!
