Home Loans in
Ludhiana
A home loan in Ludhiana from a bank or non-banking financial company can be the perfect solution for those hesitating to buy a dream home in this beautiful city in Punjab. The cheapest home loan interest rate in Ludhiana begins at 8.45% per annum. Generally, banks and housing finance companies charge up to 0.50% of the loan amount as the processing fee for home loan applications. Based on the eligibility criteria, a borrower may also get a home loan in Ludhiana for up to 30 years as the repayment period.
Home Loan EMI Calculator
Your Monthly EMI
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Total Principal
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Total Interest
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Total Payable
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Home Loan Interest Rates in Ludhiana
Talking about the lowest home loan interest rates in Ludhiana, one can apply for a housing loan starting at 8.45% per annum. Economically weaker sections (EWS) can also look for affordable housing loan scheme PMAY sponsored by the government at some eminent banks and NBFCs in Ludhiana. Have a look at the table below to understand the variations in the rate of interest and processing fee charged by the top 10 banks and housing finance companies in Ludhiana:
| 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) | |
 PNB Housing | 30 | 8.75% onwards | Up to 0.50% (Max: Rs. 10,000) | |
 Tata Capital Ltd. | 30 | 8.95% onwards | Up to 0.25% (Max: Rs. 3,540) | |
 Indian Bank | 30 | 8.60% onwards | 0.25% of the loan amount | |
 YES Bank | 35 | 9.40% | 1.5% of the loan amount or Rs. 10000, whichever is higher + GST | |
 India Shelter | 20 | 10.50% onwards | Upto 2.50% of the loan amount | |
 State Bank of India | 30 | 9.15% - 12.95% | Up to 0.25% (Rs. 10,000 max) |
Eligibility Criteria for Home Loans in Ludhiana
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 Ludhiana
Submitting documents is a key step in a home loan application procedure. Whether you are a salaried or a self-employed individual applying for a housing loan, you need to submit some general KYC documents to verify your age, address, income, and property details. So, here is a complete list of required documents for home loan in Ludhiana:
|
|
| 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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