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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 Name||Main Branch Address||Rate Of Interest|
|SBI||Tarawali Kothi Motimahal Marg, Hazratganj, Lucknow, Uttar Pradesh-226001||7.90% - 8.55%|
|HDFC Ltd||HDFC Bank Ltd., 31/31 M.G Road Hazratganj, Lucknow, Uttar Pradesh-226001||8.65% - 9.50%|
|ICICI Bank||No. 14A, Shakutalam Plaza, Kanpur Road, Bara Birwa, Alambagh, Lucknow, Uttar Pradesh-226005||8.25%-9.35%|
|Axis Bank||Halwasiya House,11 M.G. Marg,Hazratganj,Lucknow,Uttar Pradesh-226001||8.85% - 9.50%|
|PNB HFL||1st Floor, Commercial Complex, Shahnajaf Road, Pandit House, Lucknow, Uttar Pradesh 226001||9.25% - 12.00%|
|Indiabulls HFL||Plot No-1, 36/15 Kha, Opp. Rohit Bhawan, Sapru Marg, Hazratganj, Lucknow, Uttar Pradesh 226001||8.80% - 11.05%|
|Bank of Baroda||Baroda House, 3rd Floor, V-23, Vibhuti Khand, Gomti Nagar, Lucknow, Uttar Pradesh-226010||8.40% - 9.40%|
|DHFL||27/6/1, Upper Ground Floor, Tej Plaza, Madan Mohan Malaviya Marg. Lucknow - 226001||9.05% - 9.95%|
|IDBI Bank||IDBI Bank, 3rd Floor, Regional Office, Kisan Sahkari Bhavan, 2 M.G Marg, Hazratganj, Lucknow, Uttar Pradesh-226001||8.25% - 8.80%|
|Interest Rate||7.90% - 21.00%|
|Processing Fee||0% to 1.25 % of the loan amount|
|Tenure/ Repayment||1-30 years|
Eligibility criteria required to get home loan in Lucknow
|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.
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.