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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.
Top Banks Home Loan Interest Rates Ahmedabad Address
|Banks Name||Main Branch Address||Rate Of Interest|
|SBI||SBI Building, Bhadra, Lal Darwaja, Ahmedabad, Gujarat 380001||8.15% - 8.80%|
|HDFC Ltd||HDFC House, Near Mithakhali, 6 Roads, Navrangpura, Ahmedabad, Gujarat 380009||8.65% - 9.50%|
|ICICI Bank||Opp. State Bank of India, Surendra Mangaldas Rd, L Colony, Ambawadi, Ahmedabad, Gujarat 380006||8.65% - 9.40%|
|Axis Bank||3RD Eye One, 2ND FLOOR, Panchvati Circle, C G Road, Ahmedabad, Gujarat 38000||8.90% - 9.15%|
|PNB HFL||2nd Floor Megha House, Opposite Kotak Bank, Mithakhali Six Road, Ahemdabad, Gujarat 380006||9.25% - 12.00%|
|Indiabulls HFL||1st Floor Radhika Opp. Mayors Bungalow Law Garden Ellisbridge||8.80% - 11.05%|
|Bank of Baroda||?Gandhi Rd, Tankshal, Khadia, Ahmedabad, Gujarat 380001||8.40% - 9.40%|
|DHFL||Office No, 209 - 212, 2nd Floor, Turquoise, Panchwati Cross Road, C G Road, Ahmedabad - 380009||9.05% - 9.95%|
|IDBI Bank||Lal Bunglow, Off C.G. road, Ahmedabad||8.55%-9.55%|
Home Loan Ahmedabad in a nutshell
|Interest Rate||8.60% - 14.00%|
|Processing Fee||0% to 1.25 % of the loan amount|
|Tenure/ Repayment||1-30 years|
Eligibility criteria for Home Loans in Ahmedabad
|Particulars||Salaried Individuals||Self-Employed Individual||Partnership Firm||Private/Public Ltd. Company(in existence for at least 3 years)|
|Age||The applicant should be above 21 years old at time of application, and less than 58 years of age at time of maturity of the loan||Any proprietor, partner, professional or director above 21 years but below 65 years at the time of the loan maturity.|
|Income||Gross annual income of at least ₹ 1,80,000 per annum||Gross annual income of at least ₹1,80,000lakhs||Firm should have a minimum PAT (profit after tax) of ₹3 lakhs||Minimum PAT (profit after tax) of ₹3 lakhs|
|Job Stability||The total employment stability should be more than 2 years and current employment stability of minimum 1 year||Business stability should be more than 3 years|
- 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.