Home Loan in Pune at lowest rate of interest
Instant Home Loans Approval in Pune with maximum eligibility at lowest interest rates in your city, we bring you an algorithm bases systems which compare Home Loan eligibility from over 40 Banks & NBFCs in multiple loan program like net income based program, banking average income based program and cash income based program are consider for eligibility comparisons.
An Algorithm Based Comparison for Home Loan in Pune: We consider multiple types of incomes for loan eligibility like rental Income, Agriculture Income, Pension Income & other verified or non verified income which help to enhance your loans amount up to 100% of Agreement value of your property agreement value. Our CRM system analyse your profile with over thousands of analytical parameters which gives highest probability of loan approval at lowest interest with maximum loan amount from multiple options available in market.
Home Loan E-Approval in Pune: Our Cutting edge CRM system is integrated with multiple Home Loan providers in Pune, India. We provide you to feel the journey of your housing loan approval in real time, fill the Loan application form and submit your basic details, income details just a click & your loan get approved. It gives the easiest way to unlock the best housing loans available in entire market, just sit back your home we will find you the best offers with door step services in Pune or anywhere in India. We have covered the largest network of housing project available in India.
Home Loan Balance Transfer in Pune: We also provide Home Loans Balance Transfers for existing Housing Loans customers in Pune to those are running loans on higher interest rates or want top up loans on existing housing loans with lowest interest rates. Without spending additional amount for balance transfer it’s almost zero cost program initiated by Dealsofloan.com team in Pune.
Instant Home Loan Approval with easy documents in Pune, get the highest amount you are eligible for and the lowest Home Loan interest rate for you, it will depend on some specific factors such as monthly net income, other family clubbed income, stability in job, proposed housing loan program where the credit underwriting is being done, customer’s employment category, past credit history and financial soundness along with the pattern. Banks/ NBFCs typically have capped the monthly loan payment (EMI) for salaried customers on your loan to about approximately 60% – 70% of your monthly net income & up to 70% - 100% of the net monthly income for Self Employed category. However, a customer cannot take a Housing Loan for any kind of illegal or wrong investment or fund diversion which is not approved/ allow by the housing finance institutes in Pune.
Home Loan Providers in Pune offers/schemes lowest interest rates from different financial companies. Home loan interest rate starts @ 8.35%. The interest rate on housing loan of various banks in India are available for best comparison in Pune.
Home Loan Interest Rates in PuneRead below comparison sheet for Home Loan Interest Rates.
DealsofLoan has consolidated all the information regarding the latest rate of interests at one place. This loan comparison will surely help you to apply for a home loan.
Comparison chart for the rate of interests and loan amount.
|Banks/Finance company||Interest Rates||Minimum & Maximum Processing Fees on Loan Amount|
|SBI Home Loan in Pune||8.40%||Nil|
|HDFC Home Loan in Pune||8.35%||0.50%|
Min Rs. 3,000 - Max Rs. 10,000
|ICICI Bank Home Loan Pune||8.45%||0.50%|
Min Rs. 5,000 - Max Rs. 5,000
|Axis Bank Home Loan in Pune||8.35%||0.50%|
Min Rs. 2,500 - Max Rs. 25,000
|PNB Housing Finance in Pune||8.60%||1.00%|
Min Rs. 10,000 - Max Rs. 10,000
|Bank of Baroda Home Loan in Pune||8.30%||0.50%|
Min Rs. 7,500 - Max Rs. 20,000
|LIC Housing Finance in Pune||8.50%||0.50%|
|Indiabulls Home Loan in Pune||8.35%||Min Rs. 1,000 - Max Rs. 5,000|
|Citibank Home Loan in Pune||8.35%||Nil|
|DBS Bank Home Loan in Pune||8.60%||Max Rs. 10,000|
|DHFL Home Loan in Pune||8.35%||0.50%|
Min Rs. 2,500 - Max Rs. 20,000
|Kotak Bank Home Loan in Pune||8.40%||Max Rs. 10,000|
|Jammu And Kashmir Bank Home Loan in Pune||8.65%||0.25%|
Min Rs. 500 - Max Rs. 10,000
|IDBI Bank Home Loan in Pune||8.35%||0.50%|
Min Rs. 2,500
|Federal Bank Home Loan in Pune||8.95%||0.50%|
Min Rs. 3,000 - Max Rs. 7,500
|Dhan Laxmi Bank Home Loan in Pune||9.80%||1.00% Min Rs. 10,000|
|Canara Bank Home Loan in Pune||8.65%||0.50%|
Min Rs. 1,500 - Max Rs. 10,000
|IDFC Bank Home Loan in Pune||8.40%||Min Rs. 2,500 - Max Rs. 25,000|
|United Bank of India Home Loan in Pune||8.55%||0.59%|
Min Rs. 1,180 - Max Rs. 11,800
|Syndicate Bank Home Loan in Pune||8.75%||0.15%|
Min Rs. 500 - Max Rs. 5,000
|Deutsche Bank Home Loan in Pune||8.70%||Min Rs. 5,000 - Max Rs. 15,000|
|Incred Housing Home Loan in Pune||9.10%||Min Rs. 5,000|
|Indian Overseas Bank Home Loan in Pune||8.40%||0.53%|
Min Rs. 8,900 - Max Rs. 13,350
|Gruh Housing Home Loan in Pune||8.45%||Min 0.50% - Max 1.00%|
Max Rs. 10,000
|Edelweiss Home Loan in Pune||10.50%||0.25%|
|DCB Bank Home Loan in Pune||8.50%||2.00%|
Min Rs. 5,000
|Corporation Bank Home Loan in Pune||8.85%||0.50%|
Min Rs. 1,000 - Max Rs. 50,000
|Yes Bank Home Loan in Pune||9.35%||0.50%|
Max Rs. 10,000
|Bank of Maharashtra Home Loan in Pune||8.50%||0.50%|
|LT Housing Finance Home Loan in Pune||8.90%||2.00%|
Min Rs. 4,999
|Andhra Bank Home Loan in Pune||8.45%||0.50%|
Max Rs. 10,000
|Union Bank of India Home Loan in Pune||8.30%||0.50%|
Max Rs. 15,000
|Magma Housing Home Loan in Pune||10.25%||1.00%|
Min Rs. 5,000 - Max Rs. 25,000
|South Indian Bank Home Loan in Pune||8.90%||1.00%|
Max Rs. 10,000
|PNB Home Loan in Pune||8.35%||0.50%|
Min Rs. 20,000 - Max Rs. 50,000
|Punjab and Sind Bank Home Loan in Pune||8.75%%||0.25%|
Min Rs. 1,000 - Max Rs. 15,000
|Aadhar Housing Home Loan in Pune||9.55%||1.20%|
|Home First Home Loan in Pune||10.50%||0.50% to 1.50%|
Min Rs. 250
|Fullerton Home Finance Home Loan in Pune||8.99%||0.50% to 1.00%|
Max Rs. 25,000
|GIC Housing Finance Home Loan in Pune||10.25%||Min Rs. 2,500|
|Dena Bank Home Loan in Pune||8.25%||0.50%|
|Central Bank of India Home Loan in Pune||8.50%||0.50%|
Max Rs. 20,000
|IIFL Home Loan in Pune||8.50%||1.00%|
Max Rs. 10,000
|Bank of India Home Loan in Pune||8.65%||0.25%|
Min Rs. 1,000 - Max Rs. 20,000
|Vijaya Bank Home Loan in Pune||8.55%||0.50%|
Min Rs. 1,000 - Max Rs. 20,000
|Allahabad Bank Home Loan in Pune||8.55%||0.50%|
Max Rs. 50,000
|UCO Bank Home Loan in Pune||8.50%||0.50%|
Min Rs. 1,500 - Max Rs. 15,000
|Reliance Capital Home Loan in Pune||8.70%||0.50%|
Min Rs. 5,900 - Max Rs. 25,000
|OBC Home Loan in Pune||8.45%||0.50%|
Max Rs. 20,000
Please keep visiting this section to remain updated for attractive business loan offers in Pune.
As per the current trend of interest rates in Pune, best housing loan rates from multiple Banks or NBFCs are the Bank of Baroda, HDFC Bank & Union Bank of India’s offering the lowest home loan interest rate of 8.30% to 8.35% for Town Planning department/ Nagar Nigam/ Corporation approved property in Pune.
Gram Panchayat Approved Property Home Loan Rates:
The same time at the other side lowest interest rates for some residential property which are legally not approved by town planning department or gram Panchayat approved property housing loan provider finance is Gruh Housing, GIC Housing & Aadhar Housing finance in Pune, India. These Home Finance companies are offering the latest home loan rates start from 8.75% - 10.50% for home buyers as well as for those who want to transfer their loan from other banks at 8.99% for Gram Panchayat approved Property. Latest Lowest Interest Rates Provider in Pune for Home Loan Details for 2018.
|Home Loan Interest Rate||Starting @ 8.30%|
|Normal Home Loan Processing Fees||Upto Rs. 10,000 or .50% % of loan amount, whichever is Lower.|
|Loan Max Tenure||Normally 20 Years and Maximum Upto 30 years|
|Lowest EMI for One Lakh||Rs.756 for 30 years (Normally Maximum Tenure 20 Year)|
|Prepayment Charges||Nil charges for floating rates loans|
Know how to get best housing loan product from multiple optionNow it has been really easier to get the best home loan, as today you can do select your own product just sitting at your home by our algorithm based Dealsofloan mobile APP or website we have consolidated multiple program for loan eligibility and loan comparison based on loan interest rates, minimum and maximum processing fees, loan terms sheet and conditions of all major banks or housing finance before choosing the right offer. Before you select a housing loan, we gives an advice to follow these steps to get a best offers based, lowest amount cost and most featured transparent home loan in Pune.
Easy way to Check Monthly EMI Your Income based Eligibility
As you wish to buy a home & for Home Loan, always estimate your available own contribution amount after that you check for the required loan amount, to know eligibility the loan amount you the amount will be eligible for and can what amount you can apply for.
Check EMI Paying Capacity: Most important thing is first check your maximum EMI paying capacity and select the loan tenure accordingly, no issues if you have to stretch up to 30 years, because after 1 or 2 years your monthly income must be increased and your paying capacity will increase at that time you can reduce your loan tenure because there are no charges for part payment.
Check Loan To Value (LTV): Also need to calculate the monthly EMI that you can easily service given your net take home salary and other existing monthly fixed running loan EMI as obligation including monthly rental and EMIs on other existing loans. Your house loan eligibility is calculated based on your age, net income, existing obligations, proposed property type & market value pricing index, maximum LTV ratio and some other factors which includes in Valuation of Property. The Max LTV for new/ resale property can be up to 100% of agreement value or 80% to 90% of market value whichever is lower.
Proposed Loan EMI: Your proposed HL EMI is dependent on the calculated loan amount, final interest rate and selected tenure. Once you get to know your minimum loan requirement, your housing loan eligibility and monthly EMI you can easily service, now shortlist the accurate banks which offer you the maximum loan amount that fulfil your need.
The Housing Loan offers means: Maximum Loan Amount at lowest rate of Interest where the processing charges also are lowest! - Dealsofloan.com
RERA Registration property legal approval authority and legal documents
If you are planning to buy a property from any of builder, then it is most important to check the RERA registration certificate and the property Zone certificate declare by City development authority also which of the banks which have approved the APF projects. For any resale property, check the approved sanction plans, commencement certificate along with completion certificate, Non Agriculture (NA) order can be a part of the legal documents and ensure that all legal registered property papers for the complete of chain agreements from the first owner of property to current owner are in place and seen original agreement. You can shortlist the banks which lend on your chosen property.
Selection of Floating or Fixed Rates as a smart customer:
As you check the list of banks in above given points, so you need to verify a lowest interest rate on housing loan comparison of the best loan offers of various available banks in market. So please have a look of the interest rate offers that we need to be checked are:
Selection between fixed rate and floating interest rates:
Normally Fixed interest rates come at a little bit higher interest rates compared to other floating rate housing loans and rate of interest remains constant during the loan tenure of home loan. At the same time in floating interest rate, loan interest rates are reset at periodic intervals in event to changes by RBI or other reason in MCLR and PLR rates of banks or HFCs. Majority of home loans in our country today are normally floating interest rate loans is better as it allows the borrowers to get home loan rates in line with the current running rates. As per the market reports next 5 years the interest rates trends are going down.
Home Loan with OD facility (home saver loan):
Now avail Modern housing loan with overdraft facility which gives you to deposit surplus amount in your home loan overdraft account which is directly linked with bank account, park additional money in your loan account and use interest free loans. The rate of interest on overdraft loan is slightly higher than that of a regular housing loan interest rate.
Mortgage Guaranty Scheme: You should also check with IMGC features with mortgage guarantee house loan as it covers any default risk and allows the lender to give you loan at low rate of interest it is covered by IMGC. You will however require paying a mortgage guarantee fee to the housing loan provider banks bank so have to check which banks are offering these features accordingly in India. Check and compare the interest rates of the banks on various types of loan products and take an informed decision.
Select the bank based on other service related parameters
Finally as you decide to take the Home loan also consider other service and transparency related parameters of the chosen banks. Some of these factors are turnaround time offered by the banks, quick loan delivery, doorstep services, transparency in the loan process. You also need to understand the trends and changes in MCLR rates over a period of time. Last but not the least, read reviews of existing customers on banks on their services, interest rates and transparency to take your decision to borrow from a bank.
Processing Fees - Compare Home Loan ChargesHousing Loan offered processing fees –
As of now Most of the banks charge processing fees Rs. 5,000 or up to 1.50 % on house loans, whichever is offered rate for the month normally banks charge 0.50% processing for the housing loan amount. To avail lowest processing fees, we should use the basic comparison of home loan rates, offers and cash back; apply online through Dealsofloan.com
Check housing loan prepayment and foreclosure charges –
As we know housing loan tenure is running for long years, nobody wants continuously to keep paying interest to bank on a loan when you have surplus amount of money available to repay it before its maturity. When you want to repay your loan partially before time, it is called part prepayment. In case you decide to pay the entire loan amount before time, it is called foreclosure. Banks typically levy prepayment or foreclosure charges in such situations and these can range from nil to upto 5%. So, check carefully if the low rate of interest you are getting comes with high prepayment or foreclosure charges. Note that some home loans cannot be repaid before time.
Special rates for special segments category of borrowers –
Every Banks & HFCs launch attractive offers with lower interest rates offers and discounted fees on home loans on a regularly, especially for Indian women borrowers. Hence, always tuned or ask for home loan offers from multiple banks to get the best rates.
Tax Benefits in Home Loan
The home loan borrower enjoys Tax Benefits on both Interest paid & the Principal re-paid. Under Section 24(d) of Income Tax, the deduction of interest payable on the home loan is up to a maximum of Rs. 1,50,000.
Under Section 80(c) of Income Tax, Principal amount for the repayment of loan along with other savings & investments is eligible for tax deduction up to a maximum limit of Rs. 1, 00,000.
Compare the customer satisfaction ratings of each bank and choose the best, as the application process is different at each bank.
You can take help for comparing the best deal from DealsofLoan team at free of cost.
Documents Required for Home Loan in PuneFor Self-Employed Customers
- Application Form – Applicant & Co Applicant - Signed with photographs
- Proof of Identity - Clear PAN card, Passport, Driving License, Aadhar Card, Voter id, Govt issued i-card
- Certificate and Proof of Business Existence - PAN Card , SSI, GST registration, Copy of partnership deed, Trade license, certificate of practice, registration certificate issued by RBI, SEBI
- Residential/ Office Address Proof - Light Bill, Phone Bill, Bank statement, utility bill, Registry copy, lease or rent agreement, GST, TAN allotment letter
- Applicant & Co applicant Income Proof - Last 3 years ITR along with Balance sheet, Tax Audit report if required, Last 6 months bank statement
- Basic Age Proof - PAN card, Passport, Driving License, Voter id card, Birth certificate, Employee ID card (only for PSU/ Government employees), School/ college leaving certificate
For Salaried Customers
- Application Form – Applicant & Co Applicant - Signed with photographs
- Proof of Identity - PAN card, Passport, Driving License, Aadhar Card, Voter id
- Residential/ Office Address Proof - Aadhar Card, Valid Passport, Driving License, Election ID card, Electricity/ Telephone/ Mobile bill/ bank statement (not more than 3 months old)
- Applicant & Co applicant Income Proof - Latest 2 Year Form 16/ Form 26AS, Latest 3 months salary slip, Last 6 months bank statement
- Basic Age Proof - Valid PAN card, Passport, Driving License, Voter id card, Birth certificate, Employee ID card (only for PSU/ Government employees), School/ college leaving certificate
Can I enhance my housing loan eligibility for by clubbing my family income?
Yes, you can enhance your home loan eligibility by clubbing your earning co-borrowers income jointly (either be your spouse or your parents), you can add up to 4 co borrowers to club multiple income for enhancing housing loan amount. Adding co-applicant you can enhance your loan eligibility and you can easily avail for a higher loan amount as your co-applicant’s clubbed income also gets added with your income.
How can we find best bank for home loan?
When we search for best bank or HFC for taking home loan at that time interest rates cannot only parameter for selecting any bank, so with the combination of lowest interest rate, maximum program for fit our eligibility requirement HDFC Ltd is the best housing loan provider in India even far better than any if PSU bank. At the other side basis on lowest rates Bank of Baroda & Union Bank of India are best PSU banks available in market for taking a home loan based on their current interest rates as they offer low interest rate of 8.30%.
With the product name “Short and Sweet” IDFC Bank is one of the best bank with over draft facility caps the processing fees to a maximum of Rs. 2,500 irrespective of the loan amount.
How can I apply for home loan?
As per the current trend online loan application is the fastest growing way, Dealsofloan’s App or Home-loan.in is the best place where you can get over 40 options to compare the best loan product available in the market, otherwise you can submit for loans in several ways. By directly visiting any of the bank branch and meet the bank sales person, contact a direct loan agent in the local area. You can also easily check and compare best interest rates of all banks online at Home-loan.in and apply for loan.
What is the minimum and maximum tenure of house loan?
Generally housing loan is taken for a longer period of time. The allowable loan tenure for housing loan between 5 years to 30 years.
What is the CIBIL score for home loan?
As we all know the CIBIL score begin with 300 and goes up to 900. A score of 600 and above is considered as a entry point for consideration score with justification to get home loan. Higher the credit score, higher the chances to get loan application approved.
How to calculate the home loan rates taken some time back? Has it gone up or down?
If you have take home loan under fixed rate than your EMI will remain unchanged till the fixed rate tenure offered by the existing bakers.
In case your loan comes under floating rate, the loan agreement would specify the formula for the same. Under floating interest rates customer’s rates can change time to time when the banks MCLR rate change.
How does rate of interest impact my Home Loan eligibility?
As we know the interest rate is directly impact the home loan eligibility, The EMI amount is calculating by interest rates & the loan tenure parameters, if the interest rate will high the EMI will directly increase and the loan eligibility will decrease because of the allowable amount for EMI depends of the interest rates.
Does it affect my co-applicant CIBIL score if I default in home loan?
Definitely, if you fail to pay the loan on time then it will also affect your co-applicant as default in loan will affect his/her CIBIL rating as well.
Can I avail balance transfer on existing house loan?
Yes, if you are running much higher rate of interest and paying higher EMI than other home loan provider banks, then home loan balance transfer is the smart move and it will reduce your monthly EMI.
Can I take additional loan amount as top up on my existing home loan?
Yes, you can apply for a top up loan on your existing running house loan only if you have made over 12 EMI and it should paid timely repayment of EMIs accrued on existing home loan.
Can I get a home loan with a bad credit score?
Yes, It is not a guaranty but you may be get approval for a home loan if you have some justification of the earlier CIBIL issues or by adding good CIBIL score co borrower in your application. But, the new lenders may charge a additional higher rate of interest and may approve your loan with low FOIR percentage.