Home Loans in
Bhopal
In the heart of Madhya Pradesh, Bhopal, with its wide Metro coverage, emergence as an educational hub, and peaceful living environment, is a city worth investing in for a residential property. If you are keen on investing in a home in Bhopal, you can procure funds from the city's top banks and non-banking financial companies. The interest rate for a home loan Bhopal starts at 8.50% per annum. The maximum repayment tenure offered by most banks and NBFCs in Bhopal is up to 30 years. These financial lenders charge a nominal processing fee of up to 0.50% 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 Bhopal
Both public and private sector banks and top NBFCs offer home loans in Bhopal at affordable interest rates. The lowest home loan interest rate in Bhopal starts at 8.50% per annum. This might go higher for different banks and NBFCs depending on the type of applicant and their eligibility.
| BASIC Bank/NBFC Partner Name | Max Tenure (in years) | Rate of Interest | Processing Fees (INR) | Contact |
|---|---|---|---|---|
 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) | |
 Union Bank of India | 30 | 8.70% | 0.50% (Rs. 15,000 max) | |
 PNB Housing | 30 | 8.75% - 11.45% | Up to 0.50% (Rs. 10,000 max) | |
| Cholamandalam Home Loans | 30 | 9.00% - 20.00% | Rs. 5,000 | |
 State Bank of India | 30 | 9.15% - 12.95% | Up to 0.25% (Rs. 10,000 max) | |
 ICICI Bank | 30 | 9.25% - 10.05% | 0.50% - 2.00% | |
 Bajaj Housing | 40 | 8.50% | Up to 7% of the loan amount + GST | |
 Tata Capital Ltd. | 30 | 8.95% onwards | 0.25% of the loan amount (Max: Rs. 3,540) |
Eligibility Criteria for Home Loans in Bhopal
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 Bhopal
It is mandatory for applicants to submit certain documents for a home loan in Bhopal, no matter which bank or housing finance company they choose. Have a look at the list of documents required for a home loan in Bhopal:
|
|
| 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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