My father took a home loan from HDFC Bank to invest in a property in Ahmedabad. So, I can tell you their home loan interest rate in Ahmedabad. It starts from 8.50% p.a. onwards for eligible borrowers. The exact rate depends on several factors, which I added below.
What are Housing Finance Interest Rates in Ahmedabad?
Here are the factors on which the interest rate varies.
Loan Amount & Tenure: Larger loans or longer tenures may attract different rates.
Credit Score: Borrowers with a CIBIL score of 750+ get better rates.
Employment Type: Salaried individuals often receive lower rates than self-employed applicants.
Property Type: Loans for ready-to-move-in properties may have different rates than under-construction homes.
The HDFC bank provides flexible repayment options with loan tenures up to 30 years and loan amounts covering up to 90% of the property value (for loans up to Rs 30 lakhs). Additional benefits include:
Balance Transfer Facility
Top-Up Loans
Prepayment Options
I hope you found this helpful.
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I am planning to purchase a house in Ahmedabad, and I was doing some research on the home loan interest rate in Ahmedabad. Through my research, I came to know that the interest rates in Ahmedabad can start from 8.50% p.a. and can go up to 9.25% p.a. Now, along with the interest rates, the tenure of the home loan and the processing fee vary from bank to bank.
What are the Home Loan Rates in Ahmedabad?
To help you understand better, I compiled all the information in the table below. You can go through that to have a better understanding of interest rate and other details of the bank.
Name Of Bank |
Interest Rate |
Tenure |
Processing Fee |
PNB Housing |
8.50% p.a. onwards |
30 Years |
Up to 1% |
Bajaj Housing |
8.45% p.a. onwards |
40 Years |
Up to 7% of the loan amount |
ICICI |
9.25% p.a. onwards |
30 Years |
0.50% of the loan amount |
IDFC |
8.75% p.a. onwards |
30 Years |
Up to 3% of the loan amount |
LIC HFC |
8.50% p.a. onwards |
30 Years |
0.50% of the loan amount |
This is all the information I have gathered about the best home loan rates in Ahmedabad. Now, I am planning to take a home loan from LIC HFC as their interest rates and processing fees are a lot less compared to the others. Hope this helps.
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What is the Home Loan Interest Rate in Ahmedabad?
Mani
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2024-11-03T08:57:47+00:00 2024-11-03T08:57:47+00:00Comment
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