Home Loans in
Jabalpur
Surrounded by picturesque landscapes along the Narmada River, Jabalpur is a city that offers relatively affordable real estate options as compared to larger metropolitan cities. People interested in buying a home in Jabalpur can now buy a home with the help of lenders who offer hassle-free home loans. A home loan in Jabalpur starts with an interest rate of 8.45% per annum. Moreover, some banks and housing finance companies are willing to offer concessions on these rates to female borrowers. One can repay the home loan amount within a maximum of 30 years at several leading banks and housing finance companies in Jabalpur. These lenders usually charge a processing fee starting from 0.25% 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 Jabalpur
One of the pivotal factors that borrowers consider when applying for a home loan is its interest rate. The rate of interest on a home loan helps determine the overall cost of borrowing and the affordability of the property. The lowest home loan interest rates in Jabalpur begin at 8.45% per annum. Both private and public banks and housing finance companies offer quick home loans in Jabalpur with minimum documentation. Here is your chance to learn about the interest rate on home loans and processing fees charged on the same by the best 10 financial institutions offering home loans in Jabalpur:
| 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 (Minimum: Rs. 1,500; Maximum: Rs. 20,000) | |
 Aavas Finance | 30 | 8.50% | Up to 1% of the loan amount + GST | |
 LIC HFC | 30 | 8.50% | Up to 0.25% (Maximum: Rs. 25,000) | |
 Union Bank of India | 30 | 8.70% | 0.50% of the loan amount (Maximum: Rs. 15,000 + GST) | |
 PNB Housing | 30 | 8.75% onwards | Up to 0.50% (Maximum: Rs. 10,000) | |
 Bank of Baroda | 30 | 8.60% onwards | 0.50% (Minimum- Rs. 8,500; Maximum - Rs. 25,000) | |
 ICICI Bank | 30 | 9.25% - 10.05% | 0.50% - 2.00% of the loan amount | |
 Cent Bank of India | 30 | 9.65% | 0.50% of the loan amount (Maximum: Rs. 20,000) | |
 Aadhar Housing Finance | 30 | 11.75% - 17% | Upto 3500 +GST | |
 Tata Capital Ltd. | 30 | 8.95% onwards | 0.25% of the loan amount (Max: Rs. 3,540) |
Eligibility Criteria for Home Loans in Jabalpur
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 Jabalpur
Submitting the essential documents is a crucial part of a home loan application that can not be missed. Those who fail to submit the documents required for a home loan in Jabalpur are less likely to get home loan approval, which is why document submission is important in a home loan procedure. Listed below are the type of documents required from salaried and self-employed applicants keen to apply for a home loan in Jabalpur:
|
|
| 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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