Home Loans in
Gwalior
Best known for its rich heritage, quality education, connectivity, and affordable housing, Gwalior in Madhya Pradesh can appeal to anyone as a home city. Investing in a residential or commercial property in this city will not be a problem if you apply for a home loan in Gwalior. Starting at an interest rate of 8.50% per annum, LIC HFC offers the most affordable housing loans in Gwalior, which is then followed by HDFC Bank, and many more lenders. When applying for a home loan, you are supposed to submit the relevant documents along with a processing fee cheque that can be between 0.25% - 0.50% of the loan amount. One may expect a home loan for a maximum repayment period of 30 years based on eligibility.
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 Gwalior
The lowest home loan interest rate in Gwalior begins at 8.50% per annum. Some lending banks also offer the government affordable housing scheme PMAY to economically weaker sections. While some banks also offer concessions on interest rates to women borrowers. So, research a bit about the same to save that extra bit on home loan interest rates. The table illustrated below will give you a clear idea about the processing fee and rate of interest of the top 10 NBFCs and banks in Gwalior:
| 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% (Max: Rs. 25,000) | |
 Aavas Finance | 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) | |
 PNB Housing | 30 | 8.75% onwards | Up to 0.50% (Max: Rs. 10,000) | |
 State Bank of India | 30 | 9.15% - 12.95% | Up to 0.25% (Rs. 10,000 max) | |
 Indian Overseas Bank | 30 | 9.35% | Up to 0.50% of the loan amount | |
 India Shelter | 20 | 10.50% onwards | Up to 2.5% of the loan amount | |
 Union Bank of India | 30 | 8.70% onwards | 0.50% of the loan amount (Max: Rs. 15,000 + GST) |
Eligibility Criteria for Home Loans in Gwalior
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 Gwalior
If you do not want to face a loan rejection, then make sure to arrange for the required documents before applying for a home loan. Generally, banks want to ensure that they are lending money to genuine borrowers, and they check it through some KYC documents. Feel free to have a look at the list of documents required for home loan in Gwalior:
|
|
| 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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