Home Loans in
Panchkula
Known for its planned and organized development and strategic location, Panchkula near Chandigarh is an attractive place for residential purposes. You, too, can make your dream of living in this city come true with a home loan in Panchkula. The home loan interest rate in Panchkula starts at an affordable 8.45% per annum. Moreover, you can also seek additional concessions if you are a woman borrower. Some banks also offer the affordable government housing scheme PMAY to the EWS category in Panchkula. Generally, the maximum repayment tenure available at these lenders in this city is up to 30 years.
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 Panchkula
Several private and public banks and housing finance companies offer hassle-free home loans to potential home buyers in Panchkula. The cheapest home loan interest rate in Panchkula starts at 8.45% per annum. Whether you are an individual earning a monthly salary or self-employed, you can easily apply for a housing loan in Panchkula. It is time for you to go through the interest rate and processing fee on home loans of top 10 lenders in Panchkula:
| 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 (Minimum: Rs. 1,500; Maximum: Rs. 20,000) | |
 L&T Finance | 25 | 8.60% | Up to 3% of the loan amount + GST | |
 LIC HFC | 30 | 8.50% | Up to 0.25% (Maximum: Rs. 25,000) | |
 PNB Housing | 30 | 8.75% onwards | Up to 0.50% (Maximum: Rs. 10,000) | |
 HDFC Bank | 30 | 8.65% onwards | Up to 0.25% (Minimum: Rs. 3,540) | |
 IIFL Housing | 25 | 8.90% onwards | 0.50% - 1.75% of the loan amount | |
 SBI | 30 | 9.15% onwards | Up to 0.25% (Maximum: Rs. 10,000) | |
 Mahindra Housing | 20 | 8.50% onwards | 1% - 3.5% of the loan amount (Minimum: Rs. 1,000) | |
 Bank of Baroda | 30 | 8.60% | 0.50% (Minimum: Rs. 8,500; Maximum: Rs. 25,000) | |
 Cholamandalam | 30 | 9% p.a. onwards | Rs. 5,000 (GST included) |
Eligibility Criteria for Home Loans in Panchkula
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 Panchkula
Document submission is a crucial step followed in a home loan application procedure. Although most of the documents required for a home loan in Panchkula are the same, lenders usually ask for different income-related proofs from salaried and self-employed candidates. Have a look at the list of main documents you will need to submit when applying for a home loan in Panchkula:
|
|
| 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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