Home Loans in
Chandigarh
Boasting a well-planned layout and excellent environs, Chandigarh, one of India's union territories, is a beautiful city to reside. Despite dreaming of living in Chandigarh, many hesitate because they can't afford to buy a home there. So, for such aspiring people, applying for a home loan in Chandigarh is the best option. Multiple banks and non-banking financial companies offer home loans in Chandigarh starting at 8.45% per annum. They might charge a processing fee on each home loan application ranging between 0.25% - 0.50% of the loan amount or higher. The maximum repayment tenure offered by a majority of these lenders is 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 Chandigarh
The lowest home loan interest rate in Chandigarh starts at 8.45% per annum, offered by the Bank of India. Several financial service providers offer easy home loans in Chandigarh at competitive rates of interest to eligible borrowers. The table below will give you a clear idea of home loan interest rates and processing fee charges of the best 10 banks and housing finance companies that offer hassle-free home loans in Chandigarh:
| 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 (Min: Rs. 1,500; Max: Rs. 20,000) | |
 LIC HFC | 30 | 8.50% | Up to 0.25% (Max: Rs. 25,000) | |
 Aavas Housing | 30 | 8.50% | Up to 1% of the loan amount + GST | |
 HDFC Bank | 30 | 8.65% - 9.85% | Up to 0.25% (Min: Rs. 3,540) | |
 Piramal Housing | 30 | 11.00% onwards | Upto 3% of the loan amount | |
 Aadhar Finance | 30 | 11.75% - 17% | Rs. 3,500 + GST | |
 State Bank of India | 30 | 9.15% - 12.95% | Up to 0.25% (Rs. 10,000 max) |
Eligibility Criteria for Home Loans in Chandigarh
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 Chandigarh
Just like the eligibility, submitting some key documents is a crucial part of a home loan application procedure. Through these documents, the lender gets assurance that the money is lent to a reliable borrower. Continue reading to learn about the documents required for a home loan in Chandigarh:
|
|
| 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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