Home Loans in
Amritsar
Amritsar, “The City of the Golden Temple” with its vibrant atmosphere, rich culture, and delicious food, is a perfect place to live. If you too are keen to buy a home in Amritsar then go ahead with the help of some eminent banks and non-banking financial companies that offer hassle-free housing loans in Amritsar. Applying for a home loan in Amritsar is quite simple and can be done online with the help of the BASICHomeloan team. The lowest interest rate on Amritsar home loans begins at 8.45% per annum. Most of these lending institutions offer home loans for as long as 30 years and charge a nominal processing fee starting from 0.25% of the loan amount.
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 Amritsar
Applying for a housing loan in Amritsar is a good idea. The home loan rate in Amritsar at most popular lenders starts at 8.45% per annum. One can choose to get a home loan on a floater or fixed rate basis, whichever is suitable and cheaper. For your convenience, we are now presenting a table displaying the rate of interest and processing fees of the 10 best lending banks and housing finance companies in Amritsar:
| 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) | |
 Aavas Financiers Ltd. | 25 | 8.50% onwards | 1.00% | |
 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) | |
 Federal Bank | 30 | 8.80% | 0.50% of the loan amount (Rs. 3,000 + GST min; Rs. 7,500 + GST max) | |
 Tata Capital Ltd. | 30 | 8.95% - 12.00% | Up to 0.25% (Rs. 3,540 max) | |
 Cholamandalam HFC | 30 | 9.00% - 20.00% | Rs. 5000 | |
 State Bank of India | 30 | 9.15% - 12.95% | Up to 0.25% (Rs. 10,000 max) |
Eligibility Criteria for Home Loans in Amritsar
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 Amritsar
When it comes to money lending, the first thing a lender will check is a set of KYC documents, which will help verify the borrower's age, minimum income, credit score, and nationality. The documents required for a housing loan in Amritsar may vary depending on whether you are a salaried or a self-employed borrower. Have a look at the list of documents for home loans in Amritsar:
|
|
| 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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