Home Loans in
Vijayawada
Strategically located in Andhra Pradesh, Vijayawada is a commercial, educational, political, and cultural hub. So, many are interested in buying a home and living in Vijayawada. You will get several popular banks and NBFCs offering easy home loans in Vijayawada to help you in this journey of owning a home in this vibrant city. The home loan interest rate in Vijayawada starts at 8.50% per annum for self-employed and salaried individuals. The maximum home loan repayment period offered by most of these lenders is 30 years & they charge a processing fee of up to 0.50% 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 Vijayawada
The home loan rates in Vijayawada start at 8.50% per annum. Some banks and NBFCs also offer women borrowers concessions on home loan interest rates. At the same time, some also offer special subsidies to EWS of India through PMAY home loan schemes in Vijayawada. Have a look at the top 10 banks and NBFCs and their interest rates and processing fees for home loans in Vijayawada:
| BASIC Bank/NBFC Partner Name | Max Tenure (in years) | Rate of Interest | Processing Fees (INR) | Contact |
|---|---|---|---|---|
 LIC HFC | 30 | 8.50% | Up to 0.25% (Rs. 25,000 max) | |
 Aavas Financiers Ltd. | 25 | 8.50% onwards | 1.00% | |
 HDFC Bank | 30 | 8.65% - 9.85% | Up to 0.25% (Rs. 3,540 min) | |
 Bank of Baroda | 30 | 8.60% | 0.50% (Rs. 8,500 min; Rs. 25,000 max) | |
 PNB Housing | 30 | 8.75% - 11.45% | Up to 0.50% (Rs. 10,000 max) | |
 Karur Vysya Bank | 30 | 9.23% onwards | Rs. 2,500 - Rs. 7,500 | |
 YES Bank | 35 | 9.40% - 10.25% | 1.5% of the loan amount or Rs. 10000, whichever is higher + GST | |
 Federal Home Loan | 30 | 10.15% - 10.30% | Rs. 20,000 max | |
 Tata Capital Ltd. | 30 | 8.95% onwards | 0.25% of the loan amount (Max: Rs. 3,540) |
Eligibility Criteria for Home Loans in Vijayawada
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 Vijayawada
When considering applying for a housing loan in Vijayawada, ensure you know which documents to submit along with the processing fee cheque in favor of the lender. So, here is the list of documents for home loan in Vijayawada for salaried and self-employed borrowers:
|
|
| 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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