Jana Bank Home Loan

Jana Small Finance Bank Limited, also known as Jana Small Finance Bank, has emerged as a leading small finance bank in India, offering hassle-free financial services to eligible applicants with minimum documentation and terms and conditions. Starting at 9.75% per annum, the Jana Bank home loan is a fair enough deal for those keen to purchase a new home or improve an already-bought property. The maximum period for which one can avail of a Jana Small Finance Bank home loan is up to 30 years. To apply for a Home loan Jana Small Finance Bank, the applicant needs to pay a login fee cheque or processing fee cheque of up to 2% of the loan amount in favor of the bank. 

Jana Bank Home Loan EMI Calculator

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Jana Bank Home Loan Highlights

Get the lowest interest rates with Jana Bank

Loan Amount Up to Rs. 50 lakh
Rate of Interest 9.75% per annum
RPLR
Processing Fee

Up to 2% of the loan amount

Maximum Tenure for Repayment 30 years
Penal Rate of Interest
Rate Packages Fixed/ Floater
Charges for Prepayment/Foreclosure Floater: Nil | Fixed: 2% of the outstanding loan amount

Jana Bank Home Loan Interest Rates in 2023

Jana Small Finance Bank offers easy housing loans at an attractive interest rate. The lowest Jana Bank home loan interest rate is 9.75% per annum, and the maximum Jana Bank home loan interest rate in 2023 is 16.75% per annum. 
The table given below will give you a clear idea about the Jana Small Finance Bank home loan interest rate 2023:

Loan Slab Interest Rate for Home Loan
Jana Regular Housing Loan 9.75% - 16.75% p.a. 
Jana Home Improvement Loan 9.75% - 16.75% p.a. 

Interest rates were last updated on 4th December 2023

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Jana Bank Home Loan Eligibility Criteria

Banks and NBFCs do not grant home loans without checking the eligibility of the applicant. Jana Small Finance Bank has also set certain common factors as eligibility criteria: nationality, age, employment status, minimum income, and CIBIL score. Without fulfilling this eligibility criterion, an applicant will find getting a home loan sanction from Jana Bank difficult. 

The table below will give you a clear idea about the Jana Bank home loan eligibility criteria:

Eligibility Parameters For Salaried Individuals For Self-Employed Individuals
Age Range (in years) 25 - 75 25 - 75
Nationality Indian Residents/ PIOs/ NRIs Indian Residents/ PIOs/ NRIs
Minimum Income Earned Rs. 10,000 per month Rs. 10,000 per month

Jana Bank Home Loan Processing Fee and Charges

Every financial organization that grants services like home loans incur some cost to process such applications; therefore, they generally charge a processing fee. Jana Small Finance Bank charges up to 2% of the loan amount as the processing fee on home loan applications from all applicants. 

The table highlights the updated Jana Bank home loan processing fees and charges for 2023:

Loan Orientation Fee
  • Loans up to Rs. 10 lakh: Rs. 1,000 + GST 
  • Loans up to Rs. 20 lakh: Rs. 1,500 + GST
  • Loans above Rs. 20 lakh: Rs. 2,000 + GST
Part Payment Charges
  • Loan Amount over 25%: 2% on the excess amount +GST
  • Part-payment of up to 25% of the outstanding loan amount in 1 year with 12 EMIs: Nil
Cheque Bounce Charges

Rs. 300 + GST

Legal Charges

Rs. 2,500 + GST

Foreclosure Charges
  • Floater: Nil
  • Fixed: 2% of the outstanding loan amount
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Jana Bank Home Finance Schemes and Top Plans

Jana Small Finance Bank offers quick home loan schemes to eligible applicants. Whether you are a salaried, a self-employed Indian resident, an NRI, or a PIO, Jana Bank is ready to offer the best home loans if you meet the eligibility criteria set by them. Listed below are two popular housing loan schemes offered by Jana Bank:

Jana Regular Housing Loan

  • Ideal for purchase of a new or resale home
  • The maximum loan repayment period is up to 30 years
  • The maximum loan amount is up to Rs. 50 lakh

Jana Home Improvement Loan

  • Best housing loan scheme for improving or extending an already existing residential property
  • The maximum period to repay the loan amount is up to 30 years
  • The maximum loan amount is up to Rs. 50 lakh

Note: All of the above home loan plans are made available to applicants solely at the discretion of Jana Bank, taking into consideration the earning and repayment capacity of the applicant.

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Documents Required to Apply for a Jana Bank Home Loan

To offer financial services like home loans, banks and NBFCs ask for certain documents to verify the credibility of the applicant based on their age, identity, income, and address. The Jana Bank home loan documents required list is displayed below for your reference, so make sure you arrange for the same before applying for a Jana Bank home loan.

Documents Required for Salaried Applicants

Proof of Income
  • Recent Salary Slips 
  • Recent Form 16
  • Last 6 months Bank Statements
  • Last 2 years Income Tax Returns
Other Required Documents
  • Thoroughly filled home loan application form
  • Latest passport-size photographs
  • Login fee cheque in favour of Jana Small Finance Bank

Documents Required for Self-Employed Applicants

Proof of Income
  • Recent P&L account statements
  • Last 6 months Bank Statements 
  • Last 2 years Income Tax Returns 
Other Required Documents
  • Thoroughly filled home loan application form
  • Latest passport-size photographs
  • Login fee cheque in favour of Jana Small Finance Bank

Common Documents Required from Both Salaried and Self-Employed Applicants

Type of Document Documents Required
Identity & Address Proof
  • AADHAAR Card
  • Voter ID
  • PAN Card
  • Driving License
Documents Related to Property
  • Allotment Letter
  • Property Sale Deed
  • Copy of property ownership documents
  • Permission for construction

Interest rates were last updated on 15 July 2023

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How do I Apply for Jana Bank Home Loan?

Apply for a Home Loan Through the BASIC Home Loan website

Jana Small Finance Bank has helped thousands of people buy their dream homes with easy home loans. The procedure for Jana Bank apply loan is very simple and for it, you need not even step out of your home, as it can be done online from the comfort of your home. 

  • Visit the official website of BASIC Home Loan and click on the ‘APPLY NOW’ section
  • Enter the required details in the form and then click ‘Submit’ 
  • Once submitted the BASIC Home Loan team will contact you for assistance in the Jana Bank home loan application procedure

Find Jana Bank Home Loan Offices Near You

Want to apply for a Jana Bank Home Loan by visiting the nearest branch? Why take the trouble? Choose the easy way out by filling out the Free Consultation form, and the efficient BASIC Home Loan team will contact you with the required information and assistance to apply for a Jana Bank home loan. 

Disclaimer:

We urge you to refer to the official website of Jana Small Finance Bank to get the latest updates on Jana Bank home loans, interest rates, eligibility parameters, and the list of documents required.

FAQs

The minimum interest rate for a Jana Bank home loan starts at 9.75% p.a., and the maximum loan interest rate is 16.75% per annum.

You can pay your Jana Small Finance Bank home loan through various mediums. Such as through the bank's official website, mobile app, and other online bill payment apps. 

Yes, a Jana Bank home loan borrower can enjoy tax benefits under Section 80C of the Income Tax Act. According to this, the home loan principal amount can be deducted for up to  Rs. 1.5 lakh.

Yes, you can request Jana Housing Finance to extend your existing home loan tenure by giving them a written request application. 

We suggest you check for the additional benefits on Jana Housing Finance by contacting the bank officials or visiting the nearest branch office. 

To check the Jana Small Finance Bank home loan eligibility, refer to the bank's official website or visit their nearest branch.

The eligible age bracket for an applicant to apply for a Jana Bank home loan is a minimum of 25 to a maximum of 75 years (at the time of loan maturity).