Home loan in Pune

About Home Loan in Pune

Pune is one of the fastest rising city of Maharashtra. It has become one of the main IT hubs of the country. The city is attracting the youth towards it as they have the potential to grow. The infrastructure of the city is rapidly growing and is one of the main destination of management studies. The banks are amplifying their presence in Pune to meet the financial needs of the city. The recent development of the infrastructure of the city makes it one of the favorite destination for the investors. Also, the properties here are in demand due to the migration of working class from various parts of India and people are in search of the place for themselves. If you are also planning to buy a beautiful home in this mesmerizing city, have a look at the lowest interest rates on home loans. You can apply for the best home loan in Pune.

Top Home Loan Providers in Pune with Branches

Banks Main Branch AddressInterest Rate (p.a.)
SBIP.B-6, Collector office compound, Pune - 4110018.70% - 9.25%
HDFC LtdOffice No.2, Mezzanine Floor, Signet House, Vishrantwadi, Opp. Vishrantwadi Police Station, Yerwada, Pune - 4110068.35% - 9.05%
ICICI BankA- Wing, Shangrila garden, Bund Garden Road, Pune- 4110018.85% - 9.10%
Axis BankIndraprushti, opp. F.C. Road, 2, Law College, Pune- 4110048.80% - 9.05%
PNB HFLPNB Housing Finance Limited
307, Third Floor, Suratwala Mark Plazzo,
Hinjewadi,
Pune - 411057 (Maharashtra)
9.00% - 13.00%
Indiabulls HFLOffice No-103,1st Floor, Navkar Commerce Centre Link Road Chinchwad8.80% - 11.05%
Bank of BarodaPune Camp, 2 Moledina Road, Pune- 4110018.55% - 9.55%
DHFLUnit No 11, 12, 37, Gr Floor, Jewel Of Pimpri, B wing, Opp PCMC, Pimpri Chinchwad - 411044.9.05% - 9.95%
LIC HFLLIC Housing Finance Limited
Office No.17-20, 3rd Floor, B Wing,
Kamla Cross Road Building Opp. Pcmc Building, Pimpri, Pune - 411018, Maharashtra
8.70% - 9.05%
IDBI BankJai Raj Home, Near Navale Hospital, Main Road, Narhe, Pune- 4110418.60% - 8.90%

Home Loan Pune Details

ParticularsDetails
Interest Rate8.50% - 17.00%
Processing Fee0% to 1.25 % of the loan amount
Tenure/ Repayment1-30 years

Eligibility Criteria

ParticularsSalaried Individuals Self-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.
Income Gross 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 a product offered by almost every banks and NBFC, to make the dream of owning a home come true. It helps you to lessen your monetary burden at the time of purchasing a property or constructing a home. The home loan can be used to purchase, construct, enlarge or renovate the house or property. The maximum tenure of the repayment of the home loan is 30 years. The rate of interest incurred in the home loan is relatively less than that of other loan products.

People Also Look For

Personal Loan Interest Rates October 2018
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.50%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank11.50% - 14.50%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates October 2018
State Bank of India/SBI8.70% - 9.25%
HDFC8.80% - 9.60%
Bank of Baroda8.55% - 9.55%
LIC Housing8.70% - 9.05%
PNB Housing Finance9.00% - 13.00%
ICICI Bank8.85% - 9.10%
Axis Bank8.80% - 9.05%
Citibank8.90% - 9.65%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 10.00%
EMI Calculator