Home Loans in
Ambala
Located strategically near the border of Punjab and Haryana, Ambala is emerging as a real estate market offering people to live and enjoy a mix of modernity and traditionality. Go ahead and make your dream of living in Ambala come true by applying for a home loan in Ambala from an established bank or housing finance company. Ambala's most affordable home loan interest rate begins at 8.45% per annum. Several banks and non-banking housing finance companies will charge you a processing fee on home loan applications that will fall in the 0.25% - 0.50% of the loan amount and sometimes more. You get ample time to repay the loan, which can be up to 30 years.
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 Ambala
The lowest home loan rates in Ambala start at 8.45% per annum. Most of these banks and non-banking financial companies allow borrowers to opt for fixed or float rate basis plans. Some of these banks also offer affordable government housing schemes like PMAY to the economically weaker sections of society. The list below highlights the processing fee and current rate of interest on home loans from the top 10 banks and housing finance companies:
| 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 (Rs. 1,500 min; Rs. 20,000 max) | |
 LIC HFC | 30 | 8.50% | Up to 0.25% (Rs. 25,000 max) | |
 HDFC Bank | 30 | 8.65% - 9.85% | Up to 0.25% (Rs. 3,540 min) | |
 PNB Housing | 30 | 8.75% - 11.45% | Up to 0.50% (Rs. 10,000 max) | |
 ICICI Bank | 30 | 9.00% onwards | Upto 0.50% of the loan amount | |
 State Bank of India | 30 | 9.15% - 12.95% | Up to 0.25% (Rs. 10,000 max) | |
 Aadhar Finance | 30 | 11.75% - 17% | Rs. 3,500 + GST | |
 Tata Capital Ltd. | 30 | 8.95% onwards | 0.25% of the loan amount (Max: Rs. 3,540) |
Eligibility Criteria for Home Loans in Ambala
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 Ambala
The home loan procedure is incomplete without submitting the required documents that help the lender verify your age, income, citizenship, and property details. So, we thought of acquainting you with the list of essential documents for home loan in Ambala before you apply for one:
|
|
| 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 |
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