Home Loans in
Rajkot
With its rich culture, vibrant markets, and warm hospitality, Rajkot in Gujarat is an ideal place for residence. A home loan in Rajkot can be an ideal solution to get financial help building, buying, or renovating a home in this beautiful city of Gujarat. The home loan interest rate in Rajkot starts at an affordable 8.45% p.a. Banks and housing finance companies in Rajkot may charge a processing fee on home loans ranging between 0.25% and 0.50% of the loan amount. The maximum period within which a home loan can be repaid 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 Rajkot
The lowest home loan interest rate in Rajkot begins at 8.45% per annum. Most of the eminent lenders offer easy home loans to salaried and self-employed people on minimum documentation. Some of them also offer concessions on home loan interest rates to women borrowers and subsidized rates to economically weaker sections. Through the table given below, you will be able to understand and compare the interest rates and processing fees of the best 10 banks and housing finance companies offering housing loans in Rajkot:
| 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 Finance | 30 | 8.50% | Up to 1% of the loan amount + GST | |
HDFC Bank | 30 | 8.65% - 9.85% | Up to 0.25% (Rs. 3,540 min) | |
PNB Housing | 30 | 8.75% onwards | Up to 0.50% (Rs. 10,000 max) | |
Karur Vysya Bank | 30 | 9.23% onwards | Rs. 2,500 - Rs. 7,500 + GST | |
Tata Capital Ltd. | 30 | 8.95% onwards | Up to 0.25% (Rs. 3,540 max) | |
State Bank of India | 30 | 9.15% - 12.95% | Up to 0.25% (Rs. 10,000 max) | |
Federal Home Loan | 30 | 10.15% - 10.30% | Rs. 20,000 max |
Eligibility Criteria for Home Loans in Rajkot
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 Rajkot
Make sure to learn about the documents required for a home loan in Rajkot so that you submit them all when applying for a housing loan. In case you are not aware of the documents needed for submission at the time of home loan application, then read on to learn about the same, no matter whether you are salaried or self-employed:
|
|
| 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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