Home Loans in
Varanasi
A home loan in Varanasi can save you from the stress of arranging money to buy your dream home in this holy city, on the banks of the River Ganges. From private to public banks and non-banking financial companies, all have their eminent presence in Varanasi, offering you home loans with minimum documentation. Home loan interest rate in Varanasi starts at an affordable 8.50% p.a. The maximum home loan amount you can expect from a lender is up to 90% of the property cost, and the maximum repayment time you can fetch 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 Varanasi
Different banks and NBFCs may have different home loan interest rates in Varanasi, but the lowest one starts at 8.50% per annum. Moreover, some banks offer PMAY affordable government housing loan schemes to the EWS, so you may check for the same if you belong to the economically weaker section of society. We feel it is the right time to help you compare the home loan interest rates and processing fees of the top 10 banks and housing finance companies offering home loans in Varanasi:
| BASIC Bank/NBFC Partner Name | Max Tenure (in years) | Rate of Interest | Processing Fees (INR) | Contact |
|---|---|---|---|---|
 Bank of India | 30 | 8.50% | Up to 0.25% of the loan amount (Min: Rs. 1,500; Max: Rs. 20,000) | |
 Aavas Finance | 30 | 8.50% | Up to 1% of the loan amount + GST | |
 LIC HFC | 30 | 8.50% | Up to 0.25% (Max: Rs. 25,000) | |
 Bank of Baroda | 30 | 8.60% | 0.50% (Rs. 8,500 min; Rs. 25,000 max) | |
 PNB Housing | 30 | 8.75% onwards | Up to 0.50% (Max: Rs. 10,000) | |
 India Shelter | 20 | 10.50% onwards | Upto 2.50% of the loan amount | |
 State Bank of India | 30 | 9.15% - 12.95% | Up to 0.25% (Rs. 10,000 max) | |
 IDFC First Bank | 30 | 8.85% - 10.75% | 0.25% - 0.50% | |
 HDFC Bank | 30 | 8.65% - 9.85% | Up to 0.25% (Min: Rs. 3,540) | |
 Tata Capital Ltd. | 30 | 8.95% onwards | 0.25% of the loan amount (Max: Rs. 3,540) |
Eligibility Criteria for Home Loans in Varanasi
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 Varanasi
Any home loan application will be considered incomplete if not submitted with the required KYC documents. So, check the list of essential documents for a home loan in Varanasi and submit the same when applying for a home loan. The separate list of documents for salaried and self-employed borrowers is listed below for your reference:
|
|
| 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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