Gathering all the required information on home loan interest rates would prove to be valuable to prospective clients. Here are some of the information regarding home loan rates in Indore for quick perusal.
Click to Apply Home LoanLender | Home Loan Interest Rates In Indore | Processing Fees & Charges | Maximum Loan Amount | Maximum Loan Tenure |
---|---|---|---|---|
Aavas Financier Limited Home Loan | 8% | 2% | - | 30 Years |
Aditya Birla Capital Home Loan | 9% - 12.50% | 1% | 10 Crores | 30 Years |
Andhra Bank Home Loan | 8.15% - 9.20% | 0.50% or ₹15000 + GST (whichever is lower) | - | 30 Years |
Axis Bank Home Loan | 8.75% - 14% | 1% | 10 Crores | 30 Years |
Bank of Baroda Home Loan | 8.50% - 10.60% | 0.25%- 0.50% | 10 Crores | 30 Years |
Bank of India Home Loan | 7.80% - 9.65% | - | 7.50 Crores | 30 Years |
Bank of Maharashtra Home Loan | 8.40% | 0.25% or 25,000 (whichever is lower) | 1 Crore | 30 Years |
Canara Bank Home Loan | 8.85%- 11.25% | ₹1,500 - ₹10,000 | 3 Crores | 30 Years |
Central Bank of India Home Loan | 8.45% - 9.20% | 0.50% or ₹20,000 + GST (whichever of lower) | 75 Lakhs | 30 Years |
DBS Home Loan | 8.25% - 9.75% | - | 5 Crores | 25 Years |
Dena Bank Home Loan | 8.25% - 8.35% | 0.50% | 1.5 Crores | 30 Years |
Dhanalakshmi Bank Home Loan | 7.2% | 1% or ₹10,00 + GST (whichever is higher) | 1 Crore | 30 Years |
DHFL Home Loan | 8.75% | - | 5 Crore | 30 Years |
Federal Bank Home Loan | 10.15% - 10.30% | - | 15 Crores | 30 Years |
HDFC Ltd. Home Loan | 8.50% - 9.60% | 0.50% or ₹3000 (whichever is higher) | 10 Crores | 30 Years |
IDBI Bank Home Loan | 8.75% - 11.45% | - | 10 Crore | 30 Years |
IDFC First Bank Home Loan | 8% - 14% | 3% | 10 Crores | 30 Years |
Indiabulls Home Loan | 8.75% | 1% | 2 Crores | 30 Years |
Indian Overseas Bank Home Loan | 9.55% | - | - | 30 Years |
India Shelter Finance Corporation Home Loan | 13% - 20% | 2% - 3% + GST | 50 Lakhs | 20 Years |
Jammu and Kashmir Bank Home Loan | 8% | 0.25% + GST | 50 Lakhs | 30 Years |
Karnataka Bank Home Loan | 9.08% - 10.38% | 0.50% - 2% | 5 Crores | 30 Years |
Karur Vysya Bank Home Loan | 9.23% - 12.13% | ₹2500 - ₹7500 + GST | - | 25 Years |
Kotak Mahindra Bank Home Loan | 8.85% - 9.40% | 0.50% | 10 Crores | 20 Years |
LIC HFL Home Loan | 8.70% | 0.30% onwards | 10 Crores | 30 Years |
PNB Housing Home Loan | 8.50% - 10.85% | - | 2 Crores | 30 Years |
Reliance Home Finance Limited Home Loan | 9.35% - 13% | 0.50% - 1.50% | - | 20 Years |
South Indian Bank Home Loan | 7.95% - 9.60% | 0.50% + GST | 15 Crores | 30 Years |
State Bank of India Home Loan | 9.55% | ₹2000 - ₹10000 + GST | 5 Crores | 30 Years |
Sundaram Home Finance Ltd Home Loan | 6.95% - 8.30% | 0.50% | 4 Crores | 25 Years |
Tamilnad Mercantile Bank Home Loan | 9.10% - 9.60% | 0.50% | 5 Crores | 30 Years |
Tata Capital Limited Home Loan | 8.95% | 2% | 5 Crores | 30 Years |
Union Bank Home Loan | 8.75% | 0.50% or ₹15000 + GST (whichever is lower) | - | 30 Years |
Yes Bank Home Loan | 9.15% - 11.25% | 1.5% - ₹10000 (whichever is higher) | 10 crores | 35 Years |
To be eligible for a home loan in Indore, prospective clients are required to fulfil the following criteria:
Clients will be requested to procure the documents mentioned below to apply for a home loan in Indore:
DOCUMENT TYPE | DOCUMENT |
---|---|
KYC Documents | Aadhaar card, PAN card, passport, and voter ID card |
Proof of Income | Salary slips, income tax returns, Form 16, and bank statements |
Property-related Documents | Property registration papers, property tax receipts, and NOC from the builder or society |
Proof of Employment | Offer letter, appointment letter, and employment contract |
Others | Passport-size photographs, loan application form, and declaration of assets and liabilities |
It would be important to note that the exact documents that are asked from the prospective clients may vary depending on the lender.
AVailing a home loan would offer several tax benefits to the client. Here are the key tax benefits of home loans in Indore:
NOTE:Tax benefits as listed above are subject to changes in tax laws and regulations. Interested parties are advised to consult a tax expert for detailed information on the tax benefits of home loans.
Here are the top leading and preferred locations in Indore, viable for home purchase along with some supporting information:
Vijay Nagar : This area is considered one of the most posh and sought-after neighbourhoods in Indore. It has excellent connectivity to the city's major business districts, educational institutions, and healthcare facilities. It is home to some of the city's top schools, shopping malls, and entertainment centres.
AB Road : Road: A.B. Road is one of the most prominent and well-connected areas in Indore. The area is home to numerous commercial and residential projects and offers excellent connectivity to the city's major business districts, entertainment zones, and educational institutions.
Sudama Nagar : Sudama Nagar is a well-established residential area that is located in the heart of Indore. It is well-connected to the city's major business districts, educational institutions, and healthcare facilities. The area is home to numerous shopping centres, hospitals, and schools.
Bhawarkuan : Bhawarkuan is one of the most popular areas in Indore. It is well-connected to the city's major business districts, educational institutions, and healthcare facilities. The area is home to numerous shopping centres, hospitals, and schools.
Khandwa Road : Khandwa Road is an emerging area that is located on the outskirts of Indore. It is well-connected to the city's major business districts and offers excellent connectivity to the neighbouring towns and cities. The area is home to numerous residential and commercial projects, hospitals, and schools