Home Loans in
Vadodara
The Thriving industrial sector, world-class educational institutions, rich cultural heritage, and significant infrastructure development make Vadodara a city worth residing in. A home loan in Vadodara is the best way to arrange for adequate money to fulfill your dream of buying a home in this wonderful city. Irrespective of whether you are a salaried person or a self-employed person, most banks and housing finance companies will welcome you as a home loan borrower. An applicant can expect to get a home loan in Vadodara for a maximum of 30 years. The processing fee is charged by most lenders in the city on home loans upto 2.5% of the loan amount.
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 Vadodara
Several banks and non-banking financial companies (NBFCs) offer affordable and hassle-free home loans in Vadodara to help those who hesitate to buy a home in this city due to lack of funds. The cheapest home loan interest rate in Vadodara begins at 8.45% per annum. The table drafted below will help you compare the rate of interest and processing fee charges on home loans in Vadodara by the top 10 banks and non-banking financial companies:
| 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 (Min: Rs. 1,500; Max: Rs. 20,000) | |
 LIC HFC | 30 | 8.50% | Up to 0.25% (Max: Rs. 25,000) | |
 Bank of Baroda | 30 | 8.60% | 0.50% (Min: Rs. 8,500; Max: Rs. 25,000) | |
 HDFC Bank | 30 | 8.65% - 9.85% | Up to 0.25% (Min: Rs. 3,540) | |
 Union Bank of India | 30 | 8.70% onwards | 0.50% of the loan amount (Max: Rs. 15,000 + GST) | |
 PNB Housing | 30 | 8.75% onwards | Up to 0.50% (Max: Rs. 10,000) | |
 Tata Capital Ltd. | 30 | 8.95% onwards | Up to 0.25% (Max: Rs. 3,540) | |
 India Shelter Finance | 20 | 10.50% onwards | Up to 2.5% of the loan amount | |
 State Bank of India | 30 | 9.15% - 12.95% | Up to 0.25% (Rs. 10,000 max) |
Eligibility Criteria for Home Loans in Vadodara
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 Vadodara
Your home loan application procedure will be incomplete if you fail to submit the right documents when applying for the loan. So, for this, you must update your knowledge about the types of documents required for home loans in Vadodara for self-employed and salaried individuals. Have a look and see this document requirement:
|
|
| 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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