Home Loan in Bhubaneswar
Last Updated : Sept. 25, 2019, 3:12 p.m.
About Home Loan in Bhubaneswar
Bhubaneswar, the capital of Odisha is known as the temple city of India. The city has over one thousand temples and therefore has got this tag. It acquired the top rank in the list of Smart cities in our country. World Bank ranked the city as the best place to do business in our nation in the year 2014.Other than tourism and IT, the city has seen the development of many small-scale industries. It is one of the planned cities in India and is turning out to be a major educational and Information Technology hub. Due to this, it attracts key attention from major banks and Non-Banking Financial Companies for providing lower EMI options on loans . They are always in active mode as they have to meet the financial needs of the people who want to buy their home. The finance offered by top banks have helped many people build a dream home within your budget . Check details below to apply at your nearest branch.
Top Banks to apply for Home Loan in Bhubaneswar
| Banks | Main Branch | Home Loan Interest Rate (p.a.) |
|---|---|---|
| SBI | 111/1, Pandit Jawaharlal Nehru Marg, Unit - 3, Kharabela Nagar, Bhubaneswar, 751001 | 9.15% - 11.30% |
| ICICI Bank | Occf Building Opposite Sriya Cinema Hall, Kharvelanagar, Unit 3, Kharabela Nagar, Bhubaneswar 751001 | 9.00% - 10.05% |
| HDFC Ltd | Shaheed Nagar, Business Park, First Floor Business Park First Floor C111 - Saheednagar, Bhubaneswar, 751007 | 8.50% - 9.40% |
| Axis Bank | Bhawani Mall, BMC Bhawani Commercial Complex, Shahid Nagar, Bhubaneswar, 754001 | 8.75% - 9.15% |
| Punjab National Bank Housing Finance Ltd | PNB Housing Finance Ltd., Office No. 1 & 2,5th Floor, Block -2, Bhawani Mall, Saheed Nagar, Bhubaneswar- 751007, Odisha | 8.50% - 11.95% |
| Bank of Baroda | 227 Sarla Nagar, Laxmi Sagar, Cuttack Puri Road, Bhubaneshwar, Dist. Khurda, 751 006. | 8.50% - 10.60% |
| Bank of India | Bhubaneshwar Ssi Branch 102, Cuttack Road, | 8.85% onwards |
| DHFL | 102, Aditya Plaza, 1st Floor, 10-Bhouma Nagar, Unit-4, Bhubaneswar, Odisha 751001 | 9.05% - 9.95% |
| IDBI Bank | Gr Floor IDBI House, Unit IX Janpath, Bhubaneswar, Odisha 751022 | 8.80% - 12.25% |
| Indiabulls HFL | Center Point, Office No.105, First Floor, Plot No. 501 Kharvela Nagar, Janpath,, Bhubaneswar, Odisha 751001 | 9.30% Onwards |
Home Loan Bhubaneswar Details
| Particulars | Details |
|---|---|
| Interest Rate | 6.70% - 14.00% |
| Processing Fee | 0 to 1.25% of the loan amount |
| Pre-payment/Part-payment charges | NIL (for floating) |
| Tenure/Repayment | 1 to 30 years |
Eligibility criteria to apply for home loans in Bhubaneswar
| Particulars | Salaried Individuals | Self-employed individual | Partnership Firm | Private/Public Ltd. Company (in existence for at least 3 years) |
|---|---|---|---|---|
| Age | The applicant should be at least 21 years at the time of application and 58 years at the time the loan matures | Any proprietor, partner, professional or director above 21 years but below 65 years at the time of loan maturity | ||
| Income | Minimum income of at least Rs. 1,80,000 per annum | Minimum annual income of Rs. 1,80,000 | Minimum Profit after Tax (PAT) of at least Rs. 3 Lakhs | Minimum Profit after Tax (PAT) of at least Rs. 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 three years | ||
You can also check your eligibility for a home loan with the help of an eligibility calculator which is available online.
Documentation required for home loans in Bhubaneswar
- 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, Detailed cost of construction, Letter of allotment, Original NOC
About Home Loan
Having a home which you can call as yours is a great feeling. But sometimes lack of funds acts as a barrier. This forces you to even put a full stop on your dreams and live in a rented place. Keeping this in mind, various banks provide a much-needed home loan to people who wish to have a home. The product is the best solution for people who require finance to build a home of their choice. The loan can be availed for other purposes like repair, extension or construction of a home. Any interested applicant has to fulfill the eligibility requirements and complete the documentation work while availing a home loan. The interest rates offered by top banks are low which make it easier for the customers to repay the loan without any hassle.
Home Loan Calculator by Top Banks
- SBI Home Loan EMI Calculator
- HDFC Bank Home Loan EMI Calculator
- Tata Capital Home Loan EMI Calculator
- LIC Home Loan EMI Calculator
- PNB Housing Finance Home Loan EMI Calculator
- ICICI Home Loan EMI Calculator
- Bank of Baroda Home Loan EMI Calculator
- Axis Bank Home Loan EMI Calculator
- Indiabulls Home Loan EMI Calculator
- Reliance Home Loan EMI Calculator
