Home Loans in
Mohali
Growing infrastructure, proximity to Chandigarh, fantastic education and healthcare facilities, and great quality of life make Mohali an excellent residential location. Perhaps that is why several banks and NBFCs offer easy home loans in Mohali to interested buyers. A home loan in Mohali starts at an affordable interest rate of 8.50% p.a. These banks and finance companies usually charge a processing fee anywhere ranging between 0.25% - 2% of the loan amount to process home loan applications.
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 Mohali
Buying a home or renovating an existing home in Mohali has become easier with the presence of eminent banks and housing finance companies offering hassle-free home loans to Indian residents. The cheapest home loan interest rate in Mohali begins at 8.50% p.a. Some lenders also offer an additional concession to female borrowers. The purpose of the table displayed below is to help you understand the rate of interest and processing fees on home loans in Mohali by 10 leading lenders, so have a look:
| BASIC Bank/NBFC Partner Name | Max Tenure (in years) | Rate of Interest | Processing Fees (INR) | Contact |
|---|---|---|---|---|
 Aavas Finance | 30 | 8.50% | 1% of the loan amount + taxes | |
 LIC HFC | 30 | 8.50% | 0.25% of the loan amount (Max: Rs. 25,000) | |
 HDFC Bank | 30 | 8.65% - 9.85% | 0.25% of the loan amount (Min: Rs. 3,540) | |
 PNB Housing | 30 | 8.75% onwards | 0.50% of the loan amount (Max: Rs. 10,000) | |
 SBI | 30 | 9.15% - 12.95% | 0.25% of the loan amount (Max: Rs. 10,000) | |
 ICICI Bank | 30 | 9.25% - 10.05% | 0.50% - 2% of the loan amount | |
 Aadhar Housing | 30 | 11% onwards | Rs. 3,500 + taxes | |
 Bajaj Housing | 40 | 8.50% | Up to 7% of the loan amount + GST | |
 Tata Capital Ltd. | 30 | 8.95% onwards | 0.25% of the loan amount (Max: Rs. 3,540) |
Eligibility Criteria for Home Loans in Mohali
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 Mohali
You are strongly advised to be aware of the list of documents required for a home loan in Mohali before applying for a home loan. This will help you arrange for the relevant documents beforehand and, at the same time, speed up your chances of quick loan approval. Have a look at the types of documents needed from salaried and self-employed applicants keen to get a home loan in Mohali:
|
|
| 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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