Home Loans in
Meerut
Known for its historical background, proximity to Delhi, and affordable cost of living, Meerut offers an attractive real estate deal. To help you buy a home here, you can apply for a home loan in Meerut that is available with minimum documentation from leading banks and non-banking financial companies. The lowest home loan interest rate in Meerut begins at 8.45% per annum. Most of these lending institutions offer home loans that can be repaid within 30 years of the loan disbursement. The general range of processing fees charged by these lenders on a home loan application ranges between 0.25% - 1% 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 Meerut
The home loan rates in Meerut start at 8.45% p.a. but may vary depending on the scheme you choose and the chosen bank or NBFC. For a guided decision, make sure to compare the interest rates by different lenders, choose whether to go for a floater or a fixed rate basis and then apply for a home loan in Meerut. For your reference, we are now displaying a list of 10 shortlisted banks and non-banking financial companies offering the best housing loans in Meerut:
| 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 (Rs. 1,500 min; Rs. 20,000 max) | |
 LIC HFC | 30 | 8.50% | Up to 0.25% (Rs. 25,000 max) | |
 Aavas Financiers Ltd. | 25 | 8.50% | 1.00% | |
 L&T Finance | 25 | 8.60% | Up to 3% of the loan amount | |
 HDFC Bank | 30 | 8.65% - 9.85% | Up to 0.25% (Rs. 3,540 min) | |
 PNB Housing | 30 | 8.75% - 11.45% | Up to 0.50% (Rs. 10,000 max) | |
 State Bank of India | 30 | 9.15% - 12.95% | Up to 0.25% (Rs. 10,000 max) | |
 Indian Overseas Bank | 30 | 9.35% | 0.50% of the loan amount | |
 Tata Capital Ltd. | 30 | 8.95% onwards | 0.25% of the loan amount (Max: Rs. 3,540) |
Eligibility Criteria for Home Loans in Meerut
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 Meerut
Banks and housing finance companies believe in having things on paper, so they ask for a particular set of documents from home loan applicants. Through these documents, they cross-check the applicant's identity, income, nationality, and other similar details. The list of documents for home loan in Meerut are displayed below for your reference, so have a look before you apply for a housing loan:
|
|
| 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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