Home Loans in
Coimbatore
Make your dream of buying a home in this beautiful South Indian city come true with an affordable home loan in Coimbatore. The lowest interest rate on housing loans in Coimbatore begins at 8.45%. While applying for a home loan, you may need to pay a processing fee ranging from 0.25% - 0.50% per annum. One can expect a maximum repayment period of up to 30 years on housing loans from the top lenders offering housing loans in Coimbatore. Moreover, most of these banks and housing finance companies offer you the choice to pick between floater and fixed rate basis, as per preference.
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 Coimbatore
Several banks and non-banking financial companies in Coimbatore offer help to potential home buyers in the form of easy housing loan schemes. The most affordable home loan interest rate in Coimbatore begins at 8.45% per annum. Whether you are salaried or self-employed, you can apply for a housing loan in Coimbatore if you fulfill their eligibility requirements. The table drafted below will help you compare the rate of interest and processing fee charges on home loans in Coimbatore by the top 10 banks and non-banking financial 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) | |
 Aavas Finance | 30 | 8.50% | Up to 1% of the loan amount + GST | |
 HDFC Bank | 30 | 8.65% - 9.85% | Up to 0.25% (Rs. 3,540 min) | |
 PNB Housing | 30 | 8.75% onwards | Up to 0.50% (Rs. 10,000 max) | |
 Federal Bank | 30 | 8.80% onwards | 0.50% of the loan amount (Rs. 3,000 + GST min; Rs. 7,500 + GST max) | |
 Karur Vysya Bank | 30 | 9.23% | Rs. 2,500 - Rs. 7,500 + GST | |
 State Bank of India | 30 | 9.15% - 12.95% | Up to 0.25% (Rs. 10,000 max) | |
 Tata Capital Ltd. | 30 | 8.95% onwards | 0.25% of the loan amount (Max: Rs. 3,540) |
Eligibility Criteria for Home Loans in Coimbatore
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 Coimbatore
One crucial step in applying for a home loan is submitting the relevant documents. The lender uses these documents to verify the borrower's credibility in terms of age, credit history, nationality, and income. Here is a list of documents required for home loan in Coimbatore for salaried and self-employed applicants:
|
|
| 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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