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
Are you looking for a home loan in Jaipur? It is definitely a positive decision, investing in a land or housing property is always an appreciating asset especially in Jaipur. With the help of Finance Buddha, you will be able to find various aspects of a home like the interest rates, processing fee, any offers or discounts provided by banks to its account holders and non-account holders.
Visit the Finance Buddha home page. Select “Home Loans” from the drop down menu. Fill the application form with all relevant details (it will take less than 5 mins), check for your eligibility with the bank and then apply. The bank executives will contact you within 48 hours to take the initiative to the next level.
Unless the applicant meets the below eligibility criteria it is not possible to get a loan approved from any bank in Jaipur. However, to a certain extent the bank branch manager can make decision if the income and credit rating of the applicant is exceptionally high.
Jaipur Home Loan Eligibility Criteria
Maximum age on maturity of loans
Maximum Loan Amount
If your income is up to Rs. 2 lakhs, you can borrow an amount which does not exceed 40%. If your income is between Rs. 2 lakhs and Rs. 5 lakhs, you can borrow an amount which does not exceed 50%. If your income is above Rs. 5 lakhs, you can borrow an amount which does not exceed 55%. The incomes of spouse /son/ daughter (any two) can be clubbed for the amount as well. If you are in business, the loan amount will be considered on the basis of sales if the loan amount is more than Rupees 2 lakhs.
Maximum Tenure period
If you are a salaried applicant, you can take up to 30 years to repay
Home Loans Interest Rates Comparison of Top Banks / NBFCs in Jaipur
|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|
Below are listed the basic documentation necessary before applying for a home loan in Jaipur.
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