Home Loans in
Sonipat
The real estate market in Sonipat is booming due to multiple reputed banks and NBFCs in the city offering home loans at affordable interest rates. The lowest interest rate in the city is currently at 8.30% per annum onwards, offered by the Bank of India. Most banks in the town offer a maximum repayment tenure for a home loan of 30 years. This makes a home loan feasible for all residents in Sonipat who wish to own a house. This article enumerates other details relating to taking a home loan in Sonipat.
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 Sonipat
One of the biggest factors to consider when opting for a home loan is the interest rate offered by the concerned bank or NBFC. The table below shares the home loan interest rates in Sonipat for the top 10 banks and NBFCs in the city to help you make an informed choice:
| 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 loan amount or Rs. 3,000 (whichever is higher) + GST | |
 Union Bank of India | 30 | 8.50% p.a. onwards | 0.50% of loan amount | |
 HDFC Bank | 30 | 8.50% p.a. onwards | Up to 0.50% of loan amount or Rs. 3,000 (whichever is higher) + GST | |
 IIFL Home Loan | 25 | 8.75% p.a. onwards | 0.50% - 1.75% | |
 LIC HFC | 30 | 8.35% p.a. onwards | 0.50% of loan amount + GST | |
 Bank of Baroda | 30 | 8.40% p.a. onwards | 0.50% of loan amount | |
 SBI | 30 | 8.40% p.a. onwards | 0.35% of loan amount + GST | |
 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 Sonipat
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 Sonipat
Along with meeting the required eligibility criteria for banks and NBFCs in Sonipat, you must also submit some documentation. To help you follow the process right, we list below the complete set of documents required for a home loan in Sonipat:
|
|
| 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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