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Home Loan in Lucknow

Home Loan in Lucknow

Last Updated : Jan. 20, 2017, 12:04 p.m.

About Home Loan in Lucknow

Lucknow is the capital city of Uttar Pradesh. It is one of the fastest growing cities in the country. They have been approved to be a special economic zone. The city has major industries like chikan embroidery, distillery chemicals, machine tools etc. It has recently witnessed the introduction of the metro in the city. Also, the big companies like Tata and HCL have started operating in the city. The local IT companies have also come up in large number to contribute in the economy of the city.  The city is grabbing eyeballs of many investors and is one of the major investment areas for all. So the branches of several banks are set up to fulfill the monetary requirements. You can compare the interest rates offered by the top banks in Lucknow and apply for the one that suits your budget.

Top Home Loan Banks in Lucknow with Address

Banks NameMain Branch AddressHome Loan Rate Of Interest
SBITarawali Kothi Motimahal Marg, Hazratganj, Lucknow, Uttar Pradesh-2260019.15% - 11.30%
HDFC LtdHDFC Bank Ltd., 31/31 M.G Road Hazratganj, Lucknow, Uttar Pradesh-2260018.50% - 9.40%
ICICI BankNo. 14A, Shakutalam Plaza, Kanpur Road, Bara Birwa, Alambagh, Lucknow, Uttar Pradesh-2260059.00% - 10.05%
Axis BankHalwasiya House,11 M.G. Marg,Hazratganj,Lucknow,Uttar Pradesh-2260018.75% - 9.15%
PNB HFL1st Floor, Commercial Complex, Shahnajaf Road, Pandit House, Lucknow, Uttar Pradesh 2260018.50% - 11.95%
Indiabulls HFLPlot No-1, 36/15 Kha, Opp. Rohit Bhawan, Sapru Marg, Hazratganj, Lucknow, Uttar Pradesh 2260019.30% Onwards
Bank of BarodaBaroda House, 3rd Floor, V-23, Vibhuti Khand, Gomti Nagar, Lucknow, Uttar Pradesh-2260108.50% - 10.60%
DHFL27/6/1, Upper Ground Floor, Tej Plaza, Madan Mohan Malaviya Marg. Lucknow - 2260019.05% - 9.95%
IDBI BankIDBI Bank, 3rd Floor, Regional Office, Kisan Sahkari Bhavan, 2 M.G Marg, Hazratganj, Lucknow, Uttar Pradesh-2260018.80% - 12.25%

Home Loan

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

Eligibility criteria required to get home loan in Lucknow

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

A home loan is the product that is used by the borrower to either purchase, construct, enlarge or renovate their home. It the solution which can fetch the dream home for you. The interest rate is low with the maximum repayment tenure is up to 30 years.

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