Home Loan Rates EMI 2017 229 views
Table of Contents
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.
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.
Home Loan in a nutshell
8.35% - 13.95%
|Processing Fee||0% to 1.25 % of the loan amount|
|Prepayment/ part payment charges||Nil|
|Tenure/ Repayment||1-30 years|
|Lowest EMI||₹758- 1180 (per lakh)|
Eligibility criteria required to get home loan 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.
Top Banks Home Loan Interest Rate and Address
|Banks Name||Main Branch Address||Rate Of Interest|
|State Bank Of India||Bank Square, 17C, Sector 17, Chandigarh, 160017||8.35% - 8.80%
|HDFC Bank||Sco 371 - 372, Sector 35 - B, , Chandigarh - 160022,||8.35% - 8.55%
|ICICI Bank||SCO 9 - 10 - 11, Sector 9 - D Chandigarh 160017||8.35% - 8.85%
|Axis Bank||SCO 20 - 21 - 22 Sector 34 - A, 160022||
8.35% - 8.75%
|Punjab National Bank||PNB House, Sector 17 - B, Chandigarh - 160017||8.50% - 8.70%
|Bank of india||Bank Square, , Sector 17, , Chandigarh, 160017||8.55% - 8.60%
|Bank of Baroda||Agriculture Hi Tech Br. Chandigarh|
SCO 91, Sector 44 C, Chandigarh, 160047
|8.35% - 8.85%
|Central Bank Of India||Sco 68 - 69 Bank Square Sector 17 - B Chandigarh 160022||
|Bank of Maharashtra||Sco 88 - 89, Sector 17, Chandigarh, 160017||
8.70% - 10.25%
|IDBI Bank||Sco 55 - 56 - 57, Madhya Marg Sector 8, Chandigarh||8.30% - 11.30%