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||8.05%-8.55%|
|HDFC Ltd||SCO 153-155, Sector- 8-C, Madhya Marg, Chandigarh - 160018||8.65% - 9.95%|
|ICICI Bank||SCO 9 - 10 - 11, Sector 9 - D Chandigarh 160017||8.75% - 9.80%|
|Axis Bank||SCO 20 - 21 - 22 Sector 34 - A, 160022||7.60% - 8.05%|
|PNB HFL||SCO 323-324, Second Floor, |
Sec 35 B,Chandigarh - 160008
|8.50% - 10.35%|
|Indiabulls HFL||SCO 337-338, Ground Floor Sector- 35 B , Chandigarh - 160036||8.65% Onwards|
|Bank of Baroda||Agriculture Hi Tech Br. Chandigarh|
SCO 91, Sector 44 C, Chandigarh, 160047
|7.45% - 8.80%|
|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||7.50% - 10.65%|
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|
- 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.
Home Loan in Chandigarh Details
|Interest Rate||6.70% - 14.00%|
|Processing Fee||0% to 1.25 % of the loan amount|
|Tenure/ Repayment||1-30 years|
About Home Loan
To fulfill the dream of buying and owning your own house can be difficult at times. But the home loan is the product provided by the banks and Non-Banking Financial Companies (NBFC) to fulfill such dreams and change it into reality.The home loan can be used to construct, modify, enlarge, purchase, or renovate the property or house. The interest rate incurred in the home loan is relatively less than the other loan product making it cheaper to avail than other loan products. Also, the repayment tenure is long and can extend up to 30 years.