Home Loans in
Jalandhar
Bustling markets, an excellent sports goods industry, and an emerging real estate market make Jalandhar in Punjab an ideal city to own a home. Perhaps this is why one can easily get a home loan in Jalandhar from the best banks and housing finance companies. The cheapest home loan interest rate in Jalandhar begins at 8.45% p.a. Home loans in Jalandhar city can be repaid within 30 years. Banks and NBFCs may charge a processing fee ranging between 0.25% - 0.50% or higher of the loan amount for processing each home loan application in Jalandhar.
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 Jalandhar
The most affordable home loan rates in Jalandhar start at 8.45% per annum. The maximum time period for which a borrower can get home loans in Jalandhar is up to 30 years. Some banks offer home loans to non-resident Indians, but most of them prefer lending money as home loans to Indian residents. The table drafted below will help you compare the rate of interest and processing fee charges on home loans in Jalandhar 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 (Min: Rs. 1,500; Max: Rs. 20,000) | |
 LIC HFC | 30 | 8.50% | Up to 0.25% (Max: Rs. 25,000) | |
 HDFC Bank | 30 | 8.65% - 9.85% | Up to 0.25% (Min: Rs. 3,540) | |
 Union Bank of India | 30 | 8.70% | 0.50% of the loan amount (Min: Rs. 15,000 + GST | |
 PNB Housing | 30 | 8.75% onwards | Up to 0.50% (Max: Rs. 10,000) | |
 State Bank of India | 30 | 8.50% - 12.95% | Up to 0.25% (Rs. 10,000 max) | |
 Piramal Housing | 30 | 11.00% onwards | Upto 3% of the loan amount | |
 Aadhar Finance | 30 | 11.75% - 17% | Rs. 3,500 + GST | |
 Federal Home Loan | 30 | 10.15% - 10.30% | Rs. 20,000 max | |
 Tata Capital Ltd. | 30 | 8.95% onwards | 0.25% of the loan amount (Max: Rs. 3,540) |
Eligibility Criteria for Home Loans in Jalandhar
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 Jalandhar
Your home loan approval may get rejected or delayed if you fail to submit the required set of documents to the lender along with the home loan application form. So, to make it easier for you to gather all the documents for home loan in Jalandhar, we are here presenting you the entire list of such documents:
|
|
| 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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