(Updated as on 18.03.2019) Home Loan In Navi Mumbai March 2019 – Compare Interest Rates from top 20 Banks & NBFCs and get quotes on home loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of ✓Interest Rate ✓Loan Tenure ✓Processing Fee ✓Eligibility ✓Best Offers & more.
Home Loan In Navi Mumbai – Instant Quotes Online
Home Loan In Navi Mumbai
Navi Mumbai is a fast residential and commercial area with modern infrastructure and amenities. Navi Mumbai is developing and growing day by day. Navi Mumbai is a township, located inland to the city of Mumbai. People move to Navi Mumbai for better future and career. Being a part of Mumbai, Navi Mumbai is an expensive city. But, everyone doesn’t earn the required amount to buy a home on his own. So, there are many banks in Navi Mumbai which provides home loans, according to an individual need. An individual can choose the best home loan from various banks, according to his/her requirement. As different banks have different policies and different methods of providing home loan, so it’s difficult to choose in which bank an individual should apply for home loan. But, now you don’t have to worry anymore for home loan. Because, here at loansninsurances.com we have arranged the list of banks according to their interest rates, charges and home loan products.
Home Loan In Navi Mumbai Rate Of Interest
Different bank provides different home loan interest rates according to their policy. Some banks provide home loan at lower interest rates and some at higher interest rates. An individual can choose the bank for home loan according to his choice and requirement.
|Bank Name||Interest Rates|
|Bank of Baroda||8.35% – 8.55%|
|Central Bank of India||8.50%|
|DHFL||8.60% – 8.70%|
|SBI – State Bank Of India||8.30% (For Women), 8.35% (For Others)|
|HDFC Ltd||8.50% – 9.00%|
|Andhra Bank||9.50% – 9.70%|
|Bank of India||8.65% – 8.70%|
|Bank of Maharashtra||8.95% – 9.05%|
|Canara Bank||8.65% – 8.75%|
|Dena Bank||8.55% – 8.80%|
|Development Credit Bank||10.60%|
|Dhanalakshmi Bank||10.35% – 10.60%|
|Federal Bank||9.57% – 9.82%|
|GIC Housing Finance||10.25%|
|Gruh Finance Limited||9.75% – 15.25%|
|IDBI||8.55% – 8.60%|
|India Infoline Housing Finance Ltd.||9.55% – 10.50%|
|Indiabulls Housing Finance Limited||8.65%(For Women) – 8.70%(For others)|
|Indian Overseas Bank||8.65% – 8.90%|
|Karnataka Bank||9.50% – 9.75%|
|L&T Housing Finance||9.65% – 10.25% (for Salaried/ SEP) 9.65%-10.50%(SENP)|
|LIC Housing||8.50% – 8.70%|
|Oriental Bank of Commerce||8.60% – 8.70%|
|PNB Housing Finance||8.50% (for Salaried/ SEP for first 12 Months) 9.10% (For SENP for first 12 months)|
|Punjab National Bank||8.65% – 8.75%|
|Reliance Home Finance Private Ltd.||10.60%|
|Shriram housing finance||15.00%|
|Shubham Housing Development Finance Company||12%-14%(For Salaried) – 15%-17%(For Self-employed)|
|State Bank of Travancore||9.20% – 9.45%|
|Tata capital Housing Finance ltd||8.65%(For Women) – 8.90%(For Others)|
|UCO Bank||8.75% – 8.90%|
|Union Bank of India||8.75% – 8.80%|
|United Bank of India||8.80%|
|SRG Housing Finance||15% to 30%|
Home Loan In Navi Mumbai EMI Calculator
Home Loan In Navi Mumbai EMI Calculator
|Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Features of Home Loan In Navi Mumbai
Home loan can be availed for the purchase, construction, renovation and extension of a house.
Processing fee of Home loan is usually up to 0.50% of the loan amount.
Prepayment charges on home loan are Nil in most of the banks.
Home loans comes at both fixed and floating interest rates. Choose one according to your requirements.
Tenure of home loan is up to 30 years in most of the banks.
Maximum loan amount that can be availed on a home loan is up to 90% of the cost of the property.
Eligibility Criteria for Home Loan in Mumbai
|Bank Name||Age||Income||Maximum Loan||Guarantor Required||BT option||Work experience|
|SBI Bank||18-70 years||Min.10,000 p.m||Up to 90% cost of property||Yes||Yes||Not required|
|HDFC Ltd||21-60 years||Min. 15,000 p.m||Up to 80% cost of property||No||Yes||Not required|
|ICICI Bank||18-60 years||Min. 15,000 p.m||80% cost of property||No||Yes||Not required|
|Axis Bank||21 years||Min. 10,000 p.m||Up to 80%||No||Yes||Not required|
|CITIbank||Minimum age should be 23 years||NA||Up to 10 crore||Yes||Yes||Upto 2 years|
|DHFL Bank||Minimum age should be 21 years||Min. 15,000 p.m.||Up to 5 crore||No||Yes||2 years|
|LIC HFC||18-60 years||1,80,000 p.a||80% of cost of property||Yes||Yes||2 year|
|Bank of Baroda||21-60 years||Upto 20,000 p.m||Up to 80% of cost of property||No||Yes||Not required|
Documents Required for Home Loan In Navi Mumbai
|For salaried person||For self-employed|
|Application form with photograph||Application form with photograph|
|KYC documents||KYC documents|
|Form 16(ITR)||Form 16(ITR)|
|Last 3 months salary slip||Residence Proof|
|Last 6 months bank statements||Last 6 months bank statements|
|Residence Proof||Proof of business existence|
|Last 2 years profit/loss statements|
|Last 3 years income tax returns|
How to apply for Home loan?
An individual can apply for Home loan through Loansninsurances.com. At Loansninsurances, we provide all the details of the banks related to Home loan. You can compare different banks Home loan interest rates on Loansninsurances.com and can apply directly to the bank through our website, just in few clicks.
1) What is Lenders Mortgage Insurance (LMI)?
Lenders Mortgage Insurance is an insurance policy which covers your lender against loan defaults. Which means if one cannot pay home loan on time then their lender is compensated by an insurer to protect them from financial loss.
2) Are there tax benefits on taking a home loan?
Residents of India are eligible for certain tax benefits on the principal amount, under Indian income tax act 1961.
3) What is an overdraft account?
With an overdraft account, bank first asks for a security and then assign a credit limit on the basis of the market value of that property. So, when we use this credit limit, the amount goes from zero to negative zone and at time of repaying, it goes from negative to zero. Interest is to be paid by us to bank on an overdraft account.
4) What is a split rate?
A split rate gives borrowers the option to split their loan into two parts, with one part at floating rate and other at a fixed rate.
5) What is MCLR?
MCLR (Marginal cost of funds based lending rate), it is the rate below which the bank doesn’t provide loans to customers.
Home Loan in Navi Mumbai – Banks for Home Loan Contact Address
Standard Chartered Bank > 170, Ashok, Deraser Lane, Derasar Lane, Pant Nagar, Ghatkopar East, Mumbai, Maharashtra 400077
State Bank of India > Sector 16A, Sanpada, Navi Mumbai, Maharashtra 400705 1800 425 3800
HDFC Bank > Sector 7, Vashi, Navi Mumbai, Maharashtra 400703
Punjab National Bank > Regional Staff College, Sector 11, CBD Sector 11, CBD Belapur, Navi Mumbai, Maharashtra 400614 1800 180 2222
ICICI Bank > Sector 6, Nerul, Navi Mumbai, Maharashtra 1800 103 8181
Axis Bank > No. 1, 1A, 101 & 101A Vardhaman Chambers Premises Csl, Plot 84, Sector 17, 400705, Vashi, Navi Mumbai, Maharashtra
Bank Of Baroda > Big Splash, Vashi-Turbhe Rd, Sector 17, Vashi, Navi Mumbai, Maharashtra 400703 1800 22 3344
ING Vysya Bank > Plot No 175, Runwal Grandeur, 18Th Road, Chembur(E), Mumbai, Maharashtra 400071
Citibank > Lal Bahadur Shastri Marg, Godrej & Boyce Industry Estate, Vikhroli West, Mumbai, Maharashtra 400079
Allahabad Bank > Shop No 11-15, Shah Corner, Raigarh, Opposite Shah Arcade, Sector 6, Kharghar, Navi Mumbai, Maharashtra 410210 1800 22 0363