Home Loans in
Panipat
Owning a home is a dream come true for many. To help you achieve this dream faster, a home loan is one of the best options. Several banks and NBFCs in India offer home loans to eligible applicants, enabling them to own a residential property. You will find many banks and NBFCs in Panipat, too, for availing a home loan facility at the best interest rates. A home loan in Panipat can be availed at the lowest interest rate of 8.35% p.a. onwards. The maximum tenure allowed by most Panipat lenders for repayment of home loans is 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 Panipat
It is helpful to understand the various home loan interest rates in Panipat before selecting a bank or NBFC for the loan. The table below lists the different rates of interest offered by the top 10 banks/NBFCs in Panipat. This would help you make an informed decision when availing of a home loan:
| BASIC Bank/NBFC Partner Name | Max Tenure (in years) | Rate of Interest | Processing Fees (INR) | Contact |
|---|---|---|---|---|
 ICICI Bank | 30 | 8.75% p.a. onwards | 0.50% - 2% of the loan amount or Rs. 3,000 (whichever is higher) + GST | |
 IDFC Bank | 30 | 8.75% p.a. onwards | 1.5% of the sanctioned home loan amount | |
 YES Bank | 35 | 9.40% p.a. onwards | 1.5% of the loan amount or Rs. 10,000 (whichever is higher) | |
 Union Bank of India | 30 | 8.35% p.a. onwards | 0.5% of sanctioned loan amount + GST | |
 PNB Housing | 30 | 8.75% p.a. onwards | 0.35% of the loan amount | |
 L&T Housing | 25 | 8.65% p.a. onwards | 0.25% + taxes | |
 Cholamandalam | 30 | 9% p.a. onwards | Rs. 5,000 + GST | |
 Fedbank | 30 | 8.80% p.a. onwards | Rs. 3,000 - Rs. 7,500 + GST | |
 Bank of India | 30 | 8.45% onwards | Up to 0.25% of the loan amount (Min: Rs. 1,500; Max: Rs. 20,000) | |
 Tata Capital Ltd. | 30 | 8.95% onwards | 0.25% of the loan amount (Max: Rs. 3,540) |
Eligibility Criteria for Home Loans in Panipat
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 Required for Home Loans in Panipat
Along with meeting the specific eligibility criteria for home loans in Panipat, you must also collate and submit a specified set of documents as part of the procedure. Listed below are the documents required for a home loan in Panipat:
|
|
| 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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