Home Loan in Bhubaneswar

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

BanksMain BranchInterest Rate (p.a.)
SBI111/1, Pandit Jawaharlal Nehru Marg, Unit - 3, Kharabela Nagar, Bhubaneswar, 7510018.70% - 9.25%
ICICI BankOccf Building Opposite Sriya Cinema Hall, Kharvelanagar, Unit 3, Kharabela Nagar, Bhubaneswar 7510019.00% - 9.25%
HDFC LtdShaheed Nagar, Business Park, First Floor Business Park First Floor C111 - Saheednagar, Bhubaneswar, 7510078.35% - 9.05%
Axis BankBhawani Mall, BMC Bhawani Commercial Complex, Shahid Nagar, Bhubaneswar, 7540018.80% - 9.05%
Punjab National Bank Housing Finance LtdPNB Housing Finance Ltd.,
Office No. 1 & 2,5th Floor,
Block -2, Bhawani Mall, Saheed Nagar,
Bhubaneswar- 751007, Odisha
9.00% - 13.00%
Bank of Baroda227 Sarla Nagar, Laxmi Sagar, Cuttack Puri Road, Bhubaneshwar, Dist. Khurda, 751 006.8.65% - 9.65%
Bank of IndiaBhubaneshwar Ssi Branch 102, Cuttack Road,8.65% - 9.55%
DHFL102, Aditya Plaza, 1st Floor, 10-Bhouma Nagar, Unit-4, Bhubaneswar, Odisha 7510019.05% - 9.95%
IDBI BankGr Floor IDBI House, Unit IX
Janpath, Bhubaneswar, Odisha 751022
8.65% - 8.95%
Indiabulls HFLCenter Point, Office No.105, First Floor, Plot No. 501 Kharvela Nagar, Janpath,, Bhubaneswar, Odisha 7510018.80% - 11.05%

Home Loan Bhubaneswar Details

ParticularsDetails
Interest Rate8.50% - 17.00%
Processing Fee0 to 1.25% of the loan amount
Pre-payment/Part-payment chargesNIL (for floating)
Tenure/Repayment1 to 30 years

Eligibility criteria to apply for home loans in Bhubaneswar

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

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.

People Also Look For

Personal Loan Interest Rates December 2018
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.50%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank12.00% - 17.00%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates December 2018
State Bank of India/SBI8.70% - 9.25%
HDFC8.80% - 9.70%
Bank of Baroda8.65% - 9.65%
LIC Housing8.85% - 9.05%
PNB Housing Finance9.00% - 13.00%
ICICI Bank9.00% - 9.25%
Axis Bank8.80% - 9.05%
Citibank9.00% - 9.85%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank8.90% - 8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 14.00%