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Home Loan in Agra

Home Loan in Agra

Last Updated : Sept. 25, 2019, 3:11 p.m.

About Home Loan in Agra

Agra, one of the famous cities of Northern India which lies on the banks of river Yamuna is a major tourist destination. The city is known all over the world for its iconic heritage site Taj Mahal which is considered an epitome of love. The city is largely dependent on agriculture, with 40% of the people engaged in the same. A larger number of Banks and Non-Banking Financial Companies are fulfilling the housing loan requirements of the people with their lower interest rates and instant approval facility. For your reference, here are some of the top home loan banks that provide financial assistance.

Top Banks to Apply for Home Loan in Agra

BanksMain BranchesHome Loan Interest Rate
SBIRakabganj Road, Chhipitola, Rakabganj, Agra, Uttar Pradesh9.15% - 11.30%
ICICI BankSanjay Place, No. 6,8- 13,Ground Floor, Shanta Tower, Agra, Uttar Pradesh 2820029.00% - 10.05%
HDFC Ltd4180/2 & 4182/1, M.G Rd 2, Near Kothi Meena Bazaar, Andar Nagar Palika, Kothi Meena Bazaar, New Shahganj, Agra, Uttar Pradesh 2820108.50% - 9.40%
Axis BankShop No. A/G5,6,7,8 &AB 5,7,15. Block No. 41/4A Sanjay Place, Agra8.75% - 9.15%
Punjab National Bank Housing Finance Ltd1st Floor, Sumriddhi Complex, Suite No. 104- 105,Block No. 38/A4, Sanjay Place, Agra, Uttar Pradesh 2820028.50% - 11.95%
Bank of BarodaAgra Branch,13,mahatma Gandhi Road, Agra,2820018.50% - 10.60%
Bank of IndiaAgra, 8/168, Jeoni Mandi BE, Post Bag No.2, Agra, 282004, Uttar Pradesh8.85% onwards
Canara BankGwalior Road, Near Madhu Nagar Chauraha, Agra Cantt, Defence Estate, Agra, Uttar Pradesh 2820018.85% - 11.25%
IDBI BankPlot No. 30/80-B, Upper GF, Mughal Apartment, Fatehabad Road, Tajganj, Agra, Uttar Pradesh 2820018.80% - 12.25%
Central Bank of India37/2/4, 1st Floor, Wazirpura Road, Sanjay Palace, Sanjay Place, Civil Lines, Agra, Uttar Pradesh 2820028.55% - 9.10%
DHFLOffice No. 7, 38/4A, 1st Floor, Sumriddhi Business Suits,, Sanjay Place, Civil Lines, Agra, Uttar Pradesh 2820029.05% - 9.95%

Home Loan Agra in a nutshell

Interest Rate6.70% - 14.00%
Processing Fee0 to 1.25% of the loan amount along with service taxes if applicable
Pre-payment/Part-payment chargesNIL for floating
Tenure/Repayment1 to 30 years

Eligibility criteria for Home Loans in Agra

ParticularsSalaried IndividualsSelf-employed individualPartnership FirmPrivate/Public Ltd. Company (in existence for at least 3 years)
AgeThe applicant should be at least 21 years at the time of application and 58 years at the time the loan maturesAny proprietor, partner, professional or director above 21 years but below 65 years at the time of loan maturity
IncomeMinimum income of at least Rs. 1,80,000 per annumMinimum annual income of Rs. 1,80,000Minimum Profit after Tax (PAT) of at least Rs. 3 LakhsMinimum Profit after Tax (PAT) of at least Rs. 3 Lakhs
Job StabilityThe total employment stability should be more than 2 years and current employment stability of minimum 1 yearBusiness stability should be more than three years

Documentation required for Home Loans in Agra

  • Proof of Identity- PAN Card/Driving license/ Voter ID/Passport/Aadhar Card.
  • Proof of address- Passport/ Electricity bill/Aadhar card/Telephone bill
  • Proof of Income- Latest salary slip/ ITR/Form-16
  • Bank Statement- Last 3 months bank statement/ last 6 months bank passbook
  • Property Documents- Agreement sale copy, Certificate of possession, Land tax receipt, Detailed cost of construction, Letter of allotment, Original NOC

About Home Loan

Home is where our heart is. We all plan to build a dream home of our home, but the lack of adequate funds prove to be a big hurdle towards fulfilling our wish. This is where a home loan proves to be significant. Most of the banks and NBFCs offer a home Loan to suitable applicants who wish to build a dream home of their own. The product can be availed for construction, repair, renovation, and extension of home as well. The interested applicants have to meet the eligibility criteria and submit the needed documents timely. They have to pay certain installments to the banks and NBFCs until the entire loan is repaid.

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