Home Loans in
Bhiwadi

Located strategically between Delhi and Jaipur, Bhiwadi is emerging in terms of real estate and industrial development. Thus, several people are now looking to invest in homes in Bhiwadi. To help them make their dream come true, several banks and Non-Banking Financial Companies (NBFCs) offer quick and hassle-free home loans in Bhiwadi. Whether you want to buy a home, construct or renovate a home, or balance transfer from an existing home loan, options are unlimited for getting a home loan in Bhiwadi, starting at an interest rate of 8.50% per annum. A majority of banks and NBFCs in Bhiwadi offer a maximum loan repayment period of up to 30 years. While applying for a home loan in Bhiwadi, you can expect to pay a processing fee between 0.25% and 0.50% of the loan amount for most financial institutions.

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

₹
₹ 30 Lac₹ 6 Cr
%
5%30%
1 yrs30 yrs

Home Loan Interest Rates in Bhiwadi

Buying a home in Bhiwadi is relatively easy, with so many lenders offering help in terms of home loans with easy eligibility criteria. The lowest interest rate for home loans in Bhiwadi starts at 8.50% per annum. The table below will throw light on the current home loan interest rate in Bhiwadi offered by the best 10 banks and NBFCs:

BASIC Bank/NBFC Partner NameMax Tenure (in years)Rate of InterestProcessing Fees (INR)Contact
LIC HFCLIC HFC
308.50%Up to 0.25% (Rs. 25,000 max)
Aavas Financiers Ltd.Aavas Financiers Ltd.
258.50% onwards1.00%
HDFC BankHDFC Bank
308.65% - 9.85%Up to 0.25% (Rs. 3,540 min)
Union Bank of IndiaUnion Bank of India
308.70%0.50% (Rs. 15,000 max)
PNB HousingPNB Housing
308.75% - 11.45%Up to 0.50% (Rs. 10,000 max)
State Bank of IndiaState Bank of India
309.15% - 12.95%Up to 0.25% (Rs. 10,000 max)
Cent Bank HFCCent Bank HFC
308.35% - 9.35%Up to 1.00% (Rs. 10,000 min)
Tata Capital Ltd.Tata Capital Ltd.
308.95% onwards0.25% of the loan amount (Max: Rs. 3,540)

Eligibility Criteria for Home Loans in Bhiwadi

Salaried Individuals

Citizenship

Indian

Professional Experience

2-3 years

Age

Min: 21 years Max: 65 years

Monthly Income

Minimum Rs. 10,000 per month

CIBIL Score

750+

Self-Employed Individuals

Citizenship

Indian

Professional Experience

2-3 years

Age

Min: 21 years Max: 65 years

Monthly Income

Minimum Rs. 10,000 per month

CIBIL Score

750+

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 Bhiwadi

An applicant can only get a home loan from a bank or NBFC if they submit some essential documents that help verify the applicant's age, salary, nationality, address, or credit history. There may be some variations in documents required from salaried and self-employed applicants, so you are advised to check the same from the list of documents for home loan in Bhiwadi mentioned below:

  • General KYC documents such as an Aadhaar Card, PAN card, Voter ID Card, Driving License and Passport
  • Salary slips of the last 3 months
  • Latest Form 16
  • Last year's IT return
  • Bank statements for the previous 3 months
  • Appointment letter, letter of promotion
  • A cheque for the processing fee for the loan application
  • Property documents such as sale deed, NOC from the builder or housing society, advance payment receipt to the builder, and approved construction plan

  • General KYC documents such as an Aadhaar Card, PAN card, Voter ID Card, Driving License, and Passport
  • Business profile and license of the company
  • Latest Form 26AS
  • Savings account statement of previous 6 months
  • ITR with computation of income for previous 3 years as proof of income
  • Profit & Loss account statements and Balance Sheets for the last 3 years attested by a CA

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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FAQs

Following are the steps required to apply for a home loan in Bhiwadi:Visit the bank or NBFC and inquire about the rate of interestFill in the home loan application formSubmit the documents required along with a processing fee chequeWait for the lender to approve your home loan

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