The latest trend of Home loans Ahmedabad is self check and compare of home loan eligibility by various top banks. Currently all the banks are lending home loans at around 9.50% for women’s and 9.55% for other borrowers.
Home loan in Ahmedabad
• Interest Rate- It ranges from 9.50% to 10.75% depending on the customer profile, age and repayment capacity.
• Processing fees- From Rs. 1000/- to 2.00% of the loan amount
• Prepayment Charges- NIL
• Tenure- Repayment period up to 30 years is offered by banks.
• Minimum Loan Amount- Rs. 1.5 Lacs
• LTV- Up to 90 % loan to value is offered by banks. But this is solely at the discretion of the bank.
• Maximum Loan Amount – Rs. 20 crore is the maximum loan amount offered by the banks.
• Foreclosure Charges- As per the banks norms. Maximum 5% depending on the various factors and repayment done till date.
The applicants eligibility for home loan depend upon his/her repayment capacity & the banks establish this repayment capacity by considering various factors such your income, spouses income, age, number of dependants qualifications , assets, liabilities, stable and continuation of occupation and savings habits. Your Home Loan in Ahmedabad eligibility is determined by your capacity to repay the loan, from factors such as your:
• Spouse's income
• Application form of the respective bank
• Passport size photos 2 .
• Sale deed of the property
• Agreement to sale – copy of the same document
• Estimation of cost of the project
• Valuation report of the property
• Approved plan – copy of the same
• Legal documents as per the banks requirements
• Salary slip and Form No.16 - Salaried persons
• IT Returns filed for the past two years -non-salaried persons
• Business establishment details – self employed individuals
• Balance Sheet and P&L Account for the past three years (in case of self-employed)
• KYC Documents – Id Proof , Address proof
• Bank Statement (last 6 months)
Through our uniquely designed search engine our customers can find out the best offer available. Applicant can search and compare all the important factors before he applies for the loan. Interest rates and all the other charges of all the top lenders are mentioned in our website. Finally after all the scrutiny you can apply for home loan in your own city of Ahmedabad. On our website we have given each and every detail about all the aspects of lending’s.