Try Applying for a higher Loan Amount as most bank reduce interest rates as loan amount increases
Try Adding the income of a co-applicant like a working spouse
Financebuddha can help you consolidate all your loans into one to increase your eligibility
In Ahmedabad apartment culture is booming day by day. With a drastic reduction is the property prices, many middle class and upper middle class families are in a hunt to own a house or villa. This has increased the demand for home loan in the recent past. Though many banks are willing to offer loan, they are scrutinizing the documents thoroughly before approving a loan. To overcome all such challenges make use of Finance Buddha.
Every bank will decide the actual loan disbursal amount after considering the applicant’s income, documents submitted; CIBIL scoring and only if the applicant meets the eligibility criteria. Through Finance Buddha you will get necessary guidance and assistance at each and every stage of your application. Simply apply for a home loan through online application and you will be guided as per the requirements.
The bank disburses home loan in Ahmedabad only upon following terms and conditions. It is compulsory that the applicant should meet each of these eligibility criteria:
✓ Minimum Age: 18 years as on the date of sanction
✓ Maximum Age: 70 years i.e. the age by which the loan should be fully repaid, subject to availability of sufficient income for loan repayment.
✓ Minimum Income: Minimum income should be Rs.8000 per Month.
Home Loans Interest Rates Comparison of Top Banks / NBFCs in Ahmedabad
|Banks/NBFC||Institution Type||Minimum Loan Amount||Maximum Loan Amount||Minimum Tenure||Maximum Tenure||Interest Rates||Fees & Charges|
|Axis Bank||BANK||₹3,00,000||₹500,00,000||1 Year||30 years||8% - 11%||Up to 1% (min of ₹10,000) + GST as applicable|
|Bajaj Finserv||NBFC||₹20,00,000||₹350,00,000||10 Years||20 years||Salaried: 8.85% - 10.30%||Up to 0.80% + GST as applicable|
|Self Employed: 9.25% - 11.15%||Up to 1.20% + GST as applicable|
|Citibank||BANK||₹2,10,000||₹10,00,00,000||1 Year||25 years||8.00% - 16.00%||₹10,000 + 0.20% of the Loan Amount + GST as applicable|
|DHFL||HFC||₹1,00,000||₹30,00,000||1 Year||30 years||10% - 19.07%||₹2,500 + GST as applicable|
|HDFC Bank||BANK||₹1,00,000||₹10,00,00,000||1 Year||20 years||8.80% - 9.55%||Up to 0.50% or ₹ 3,000 (whichever higher) + GST as applicable|
|ICICI Bank||BANK||₹5,00,000||₹3,00,00,000||1 Year||30 years||8.35% -9.10%||0.5% + GST as applicable|
|IDFC||BANK||₹10,00,000||₹10,00,00,000||1 Year||30 years||Salaried: 8.90% - 10.35%||₹10,000 to 0.20% of the Loan Amount + GST as applicable|
|Self Employed: 9.05% - 10.8%|
|Indiabulls||NBFC||₹15,00,000||₹30,00,00,000||1 Year||30 years||8.80%||₹10,000 to 1.00% + GST as applicable|
|IndusInd Bank||BANK||₹1,00,000||₹1,00,00,000||1 Year||30 years||8.00% - 16.00%||₹5,000 to 2% + GST as applicable|
|Kotak Mahindra Bank||BANK||₹5,00,000||₹10,00,00,000||5 years||20 years||8.90%||0 for online application; Offline application - Upto 1.25% + GST as applicable|
|LIC Housing||HFC||₹1,00,000||₹10,00,00,000||1 Year||30 years||9.15% - 10.10%||₹10,000 - ₹15,000 + GST as applicable|
|PNB Housing Finance Ltd.||HFC||₹50,000||₹75,00,000||1 Year||30 years||9.00% - 12.50%||1% + GST as applicable|
|Punjab National Bank||BANK||₹1,00,000||₹500,00,000||3 Months||30 years||8.70% - 9%||0.35% + GST as applicable (Min- ₹2,500/; Max- ₹15,000/)|
|Standard Chartered Bank||BANK||₹10,00,000||₹35,00,00,000||1 Year||25 years||9.31% - 9.85%||Up to 1% + GST as applicable|
|State Bank of India||BANK||₹5,00,000||₹200,00,000||5 years||30 years||9.10% - 9.45%||₹10,000 + 0.20% + GST as applicable|
|Tata Capital||NBFC||₹2,00,000||₹500,00,000||1 Year||30 years||8.8% - 11.25%||0.5% + GST as applicable|
|Reliance Home Finance Ltd.||HFC||₹1,00,000||₹10,00,00,000||1 Year||30 years||8.90%||Up to 2% + GST as applicable|
|Vastu Housing Finance Corporation Ltd.||HFC||₹500,000||₹50,00,000||1 Year||20 Years||12.5% - 15.5%||Up to 2% + GST as applicable|
Some of the common documents required before applying for a home loan in Ahmedabad are:
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