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Home Loan in Guwahati

Home Loan in Guwahati

Last Updated : Sept. 25, 2019, 3:13 p.m.

About Home Loan in Guwahati

Guwahati is one of the largest city of Assam. It is situated on the banks of Brahmaputra river and is one of the growing cities of India. The manufacturing sector of the city is strong and contributes to the economy of the state. Also, the city is famous for the tea gardens and it has brought the substantial amount of employment in the city. It is one of the highest tea-producing areas of the world. The city has a lot of scope due to its natural landscape and location. The market is yet to be explored properly and investment is expected to pour in from several companies. To cater the needs of the people the banks have set up several branches and provide the locals with the financial assistance. Some of the best banks people prefer for home loans in Guwahati are mentioned below along with the main branch address for your reference.

Top Banks Offering Home Loan in Guwahati with Address

Banks NameMain Branch AddressHome Loan Rate Of Interest
SBIPan Bazar, Guwahati, Assam- 7810019.15% - 11.30%
HDFC LtdHDFC Bank Ltd, Quality Initiative Group, 2nd Floor, Build Well Compound Between Darwin School and NEPPCO Bhawan R G Baruah Road Guwahati, Assam-7810058.50% - 9.40%
ICICI BankICICI Bank Ltd, Ohio Shopping Complex, Fancy Bazar, M.G.Road, Guwahati, Assam-7810019.00% - 10.05%
Axis BankAdministrative Office, Chibber
House, 3rd Floor, G S Road,
Guwahati. Assam-781 005
8.75% - 9.15%
PNB HFLNilgiri Mansion, Bhangagarh, G S Road,Guwahati, Assam-7810058.50% - 11.95%
Indiabulls HFL9.30% Onwards
Bank of BarodaG.S. Road, Bhangagarh, Guwahati, Assam-7810058.50% - 10.60%
DHFL1st Floor, Trebenies commercial complex, Bhanagarh, G. S. Road, Guwahati, Assam - 7810079.05% - 9.95%
IDBI BankG.S. Road, Guwahati, Assam-7810058.80% - 12.25%

Home Loan

Interest Rate6.70% - 14.00%
Processing Fee0% to 1.25 % of the loan amount
Tenure/ Repayment1-30 years

Eligibility criteria for home loan in Guwahati

ParticularsSalaried IndividualsSelf-Employed IndividualPartnership FirmPrivate/Public Ltd. Company(in existence for at least 3 years)
AgeThe applicant should be above 21 years old at time of application, and less than 58 years of age at time of maturity of the loanAny proprietor, partner, professional or director above 21 years but below 65 years at the time of the loan maturity.
IncomeGross annual income of at least ₹ 1,80,000 per annumGross annual income of at least ₹1,80,000lakhsFirm should have a minimum PAT (profit after tax) of ₹3 lakhsMinimum PAT (profit after tax) of ₹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 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.

About Home Loan

Home loan is the product that is offered by most of the banks and NBFC to people so that their dream to have a place for themselves become true. The loan may continue up to 30 years and can be used to buy, extend or renovate your home.

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