Home Loan in Kochi
Last Updated : Jan. 18, 2017, 5:40 p.m.
About Home Loan in Kochi
Kochi is the commercial hub of Kerala and one of the fastest growing cities belonging to the tier-2 category. The city has seen tremendous growth due to the development of many industries. This has appealed to various banks and NBFCs who have opened up more branches keeping in mind the city’s continuous development. These banks offer affordable housing loans to meet the needs of the people. The details of some of the top banks offering home loans in Kochi are as follows:
Top Banks offering Home Loan in Kochi
| Banks | Main Branch Address | Home Loan Interest Rate |
|---|---|---|
| SBI | Aroor - Thoppumpady Rd, Thopumpady Junction, Thoppumpady, Kochi, Kerala 682005 1800 425 3800 | 9.15% - 11.30% |
| ICICI Bank | Ambal Building, Thoppumpady, First Floor, Near Gammon Bridge, Kochi, Kerala 682006 | 9.00% - 10.05% |
| HDFC Ltd | 1st Floor, Kooliyattu Building, Cochin Palace P O, Karingachira, Tripunithura, Ernakulam - 682 301 TEL: 0484 2785492 / 2785493 | 8.50% - 9.40% |
| Axis Bank | 41/419, Ground Floor Chicago Plaza, Rajaji Road, Ernakulam, Kerala 682035 | 8.75% - 9.15% |
| PNB HFL | 66/3402, 1st Floor, Nedumchalil Chambers, Mullassery Canal Road, Cochin, Ernakulam, Kerala 682031 | 8.50% - 11.95% |
| Bank of Baroda | Pb 222 Palace Road, Mattancherry (Ernakulam DT.), Cochin, Kerala 682002 | 8.50% - 10.60% |
| Bank of India | Ernakulam, At Kannankeri Estate, Shanmugham Road , Ernakulam, 682031, Kerala | 8.85% onwards |
| Canara Bank | Shenoy`s Chamber No 40/2363 L & 40/2363M, Shanmugham Road, Marine Drive, Ernakulam, Kerala 682031 | 8.85% - 11.25% |
| IDBI Bank | Sea Queen Building, Near Changampuzha Park, Lulu Mall NH 47 Entrance, Nethaji Nagar, Edappally, Kochi, Kerala 682024 | 8.80% - 12.25% |
Home Loan Kochi in a nutshell
| Particulars | Details |
|---|---|
| Interest Rate | 6.70% - 14.00% |
| Processing Fee | 0 to 1.25% of the loan amount along with service taxes if applicable |
| Pre-payment/Part-payment charges | NIL for floating |
| Tenure/Repayment | 1 to 30 years |
Eligibility criteria required to get home loan in Kochi
| Particulars | Salaried Individuals | Self-employed individual | Partnership Firm | Private/Public Ltd. Company (in existence for at least 3 years) |
|---|---|---|---|---|
| Age | The applicant should be at least 21 years at the time of application and 58 years at the time the loan matures | Any proprietor, partner, professional or director above 21 years but below 65 years at the time of loan maturity | ||
| Income | Minimum income of at least Rs. 1,80,000 per annum | Minimum annual income of Rs. 1,80,000 | Minimum Profit after Tax (PAT) of at least Rs. 3 Lakhs | Minimum Profit after Tax (PAT) of at least Rs. 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 three years | ||
Documentation required to get a home loan in Kochi
- Proof of Identity – PAN Card/Driving license/ Voter ID/Passport/Aadhar Card.
- Proof of address – Passport/ Telephone bill/Aadhar card/Electricity bill
- 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
Whether you want to buy a new house or renovate your current one home loan is for everyone. One can use a home loan to even extend, construct or repair his/her home. Leading Banks and Non-Banking Financial Companies are willing to offer home loan to applicants if they fulfill the eligibility criteria and complete the documentation work. Applicants can avail a home loan from the lenders for a tenure ranging up to 30 years. The interest rates on a home loan are comparatively lower than other products offered by banks and NBFCs.
Best Offers For You!
Home Loan Details
Home Loan by Top Banks
Home Loan Rates by Top Banks
- SBI Home Loan Interest Rates
- HDFC Bank Home Loan Interest Rates
- Tata Capital Home Loan Interest Rates
- LIC Home Loan Interest Rates
- PNB Housing Finance Home Loan Interest Rates
- ICICI Home Loan Interest Rates
- Bank of Baroda Home Loan Interest Rates
- Axis Bank Home Loan Interest Rates
- Indiabulls Home Loan Interest Rates
- Reliance Home Loan Interest Rates
Home Loan Calculator by Top Banks
- SBI Home Loan EMI Calculator
- HDFC Bank Home Loan EMI Calculator
- Tata Capital Home Loan EMI Calculator
- LIC Home Loan EMI Calculator
- PNB Housing Finance Home Loan EMI Calculator
- ICICI Home Loan EMI Calculator
- Bank of Baroda Home Loan EMI Calculator
- Axis Bank Home Loan EMI Calculator
- Indiabulls Home Loan EMI Calculator
- Reliance Home Loan EMI Calculator