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Home Loan in Ahmedabad

Home Loan in Ahmedabad

Last Updated : Sept. 28, 2019, 12:05 p.m.

About Home Loan in Ahmedabad

Ahmedabad is one of the largest city of Gujarat. It is the second largest producer of cotton and it has the thriving textile and garment industry. Also known as “Manchester of East” due to its textile industry and it is also one of the largest exporters of gemstones and jewelry. The city is one of the fastest growing economies. It houses major corporate companies.The increasing infrastructure of the city reflects the story of its success. With many big names of companies setting up the branches in the city, the property of the city is one of the best investment. To lend the monetary help to people of the city the banks and NBFCs are setting up the branches. Have a look at some of best banks for 100% home loan in Ahmedabad at low-interest rates .

Apply Home Loan @ 8.65%* Rate

Top Banks Home Loan Interest Rates Ahmedabad Address

Banks NameMain Branch AddressHome Loan Rate Of Interest
SBISBI Building, Bhadra, Lal Darwaja, Ahmedabad, Gujarat 3800019.15% - 11.30%
HDFC LtdHDFC House, Near Mithakhali, 6 Roads, Navrangpura, Ahmedabad, Gujarat 3800098.50% - 9.40%
ICICI BankOpp. State Bank of India, Surendra Mangaldas Rd, L Colony, Ambawadi, Ahmedabad, Gujarat 3800069.00% - 10.05%
Axis Bank3RD Eye One, 2ND FLOOR, Panchvati Circle, C G Road, Ahmedabad, Gujarat 380008.75% - 9.15%
PNB HFL2nd Floor Megha House, Opposite Kotak Bank, Mithakhali Six Road, Ahemdabad, Gujarat 3800068.50% - 11.95%
Indiabulls HFL1st Floor Radhika Opp. Mayors Bungalow Law Garden Ellisbridge9.30% Onwards
Bank of Baroda?Gandhi Rd, Tankshal, Khadia, Ahmedabad, Gujarat 3800018.50% - 10.60%
DHFLOffice No, 209 - 212, 2nd Floor, Turquoise, Panchwati Cross Road, C G Road, Ahmedabad - 3800099.05% - 9.95%
IDBI BankLal Bunglow, Off C.G. road, Ahmedabad8.80% - 12.25%

Home Loan Ahmedabad in a nutshell

Interest Rate6.70% - 14.00%
Processing Fee0% to 1.25 % of the loan amount
Tenure/ Repayment1-30 years

Eligibility criteria for Home Loans in Ahmedabad

ParticularsSalaried IndividualsSelf-Employed IndividualPartnership FirmPrivate/Public Ltd. Company(in existence for at least 3 years)
AgeThe applicant should be above 21 years old at time of application, and less than 58 years of age at time of maturity of the loanAny proprietor, partner, professional or director above 21 years but below 65 years at the time of the loan maturity.
IncomeGross annual income of at least ₹ 1,80,000 per annumGross annual income of at least ₹1,80,000lakhsFirm should have a minimum PAT (profit after tax) of ₹3 lakhsMinimum PAT (profit after tax) of ₹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 3 years

Documents required

  • Proof of Identity- PAN Card/Driving license/ Voter ID/Passport/Aadhar Card.
  • Proof of address- Passport/Utility bill/Aadhar card
  • 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, the detailed cost of construction, Letter of allotment, Original NOC.

About Home Loan

Home loan is the product offered by all the banks which turn the dream of owning a home comes true. The home loan interest rates are lower than other loan products. It also has one of the longest repayment options which can exceed up to 30 years. The home loan is the secured loan as the property or land is mortgaged against it. To get the home loan you need to fulfill the eligibility criteria. The complete documentation is also necessary to avail the home loan from banks.

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