Home Loan in Chandigarh

Last Updated : Feb. 27, 2020, 2:52 p.m.

About Home Loan in Chandigarh

Chandigarh is the city as well as union territory of India. It serves as a capital of the two states Punjab and Haryana. The main occupation is business and trade. The ASSOCHAM INDIA and CII have its regional offices in the city. The city being “Pensioner’s paradise” is one of the richest city in India. The planned city is one of the main attraction of northern India. the economy of the state is stable due to many medium scale enterprises. Many banks and NBFC has wide network spread throughout the city to fulfill the financial obligations of people. For home loans also, some of the top banks like HDFC home loans, DHFL home loans and PNB HFL in Chandigarh have helped people build their dream home . Have a look at the details below to apply now.

Top Banks with Branch Addresses in Chandigarh Offering Home Loan

Banks Name	Main Branch Address	Home Loan Rate Of Interest
SBI	Bank Square, 17C, Sector 17, Chandigarh, 160017	9.15% - 11.30%
HDFC Ltd	SCO 153-155, Sector- 8-C, Madhya Marg, Chandigarh - 160018	8.50% - 9.40%
ICICI Bank	SCO 9 - 10 - 11, Sector 9 - D Chandigarh 160017	9.00% - 10.05%
Axis Bank	SCO 20 - 21 - 22 Sector 34 - A, 160022	8.75% - 9.15%
PNB HFL	SCO 323-324, Second Floor, Sec 35 B,Chandigarh - 160008	8.50% - 11.95%
Indiabulls HFL	SCO 337-338, Ground Floor Sector- 35 B , Chandigarh - 160036	9.30% Onwards
Bank of Baroda	Agriculture Hi Tech Br. Chandigarh SCO 91, Sector 44 C, Chandigarh, 160047	8.50% - 10.60%
DHFL	SCO 811 - 812, 2nd Floor, Sec 22 A, Chandigarh- 160022	9.05% - 9.95%
IDBI Bank	Sco 55 - 56 - 57, Madhya Marg Sector 8, Chandigarh	8.80% - 12.25%

Eligibility Criteria for home loans in Chandigarh

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

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.