Best Banks For Home Loan Bharuch
Feature
Union Bank of India
Central Bank of India
Canara Bank
Interest Rate
6.7% - 7.15%
6.85% - 7.30%
6.90% - 8.9%
EMI/Lakh
Rs. 648
Rs. 655
Rs. 657
Max Loan Amt
Upto 10 Cr.
Upto 10 Cr.
Upto 10 Cr.
Loan Tenure
Upto 30 years
Upto 30 years
Upto 30 years
Processing Fee
0.50% of loan amount + GST
0.50% of loan amount + GST
0.50% of loan amount + GST
Preclosure Charges
No prepayment charges for floating rates
No prepayment charges for floating rates
No prepayment charges for floating rates
Home Loan Bharuch Features
Purchasing a new house is a very big and difficult decision, choose it right!
You can apply for a home loan online to cover up to 90% of the purchasing expenses! In basic terms, it is a loan that is taken to either buy or to construct a new home. Here, the property for which the loan is taken is not owned by the loan applicant. A home loan is not only available for buying a home or constructing one but also the applicant who is taking the loan can use different schemes for a home loan offered by the bank for extensions, plot purchase, renovation, and many other things related to home property.
The loan available on the following types of property:
- New flat
- Ready to Move-in House
- Plot From MHADA, DDA, etc.
- Home construction
- Home extension
- Home renovation
Home Loan Bharuch Interest Rates
The interest rates on Home loan are:
Top 10 banks offering the lowest home loan interest rates for salaried individuals
Bank Name
RLLR
Minimum Home Loan Rate Interest Rate (%)
Maximum Home Loan Rate Interest Rate (%)
Union Bank of India
6.8
6.7
7.15
Bank of India
6.85
6.85
7.15
Central Bank of India
6.85
6.85
7.3
Canara Bank
6.9
6.9
8.9
Punjab & Sind Bank
6.9
6.9
7.25
Private Bank
6.95
6.95
7.95
SBI Term Loan
6.65
6.95
7.45
Bank of Baroda
7
7
8.35
IDFC First Bank
7
7
8
Bank of Maharashtra
7.05
7.05
8.35
HDFC Bank
6.95
6.95
8.2
Home Loan Bharuch Documents Required
Salaried Individual:
There are also some documents required for home loan.
Valid ID and Residence Proof: A copy of Proof of Identity and Residence such as Aadhaar, PAN, Driving License, Passport, Voter ID, etc.
Income Proof:
- Bank Statements showing salary credits from the last 6 months.
- Latest Salary Slips from the last 3 months.
- Latest Form-16 and IT returns
- Employment Contract/Appointment Letter if the current employment is less than a year old.
Property Related Documents:
- A cheque for processing fee favoring ‘The Particular Bank.’
- Copy of the Buyer Agreement/Allotment Letter
- Receipt/(s) of payment/(s) made to the developer
Self Employed Individual:
Valid ID and Residence Proof: A copy of Proof of Identity and Residence such as Aadhaar, PAN, Driving License, Passport, Voter ID, etc.
Income Proof:
- Bank Statements showing salary credits from the last 6 months.
- Business Profile and Previous 3 years Income Tax returns (Both self and business)
- Previous 3 years Profit/Loss Account and Balance Sheet.
Proof Of Business:
- Educational Qualifications Certificates
- Business achievements (Certificate or awards if any)
Property Related Documents:
- A cheque for processing fee favoring ‘The Particular Bank.’
- Copy of the Buyer Agreement or Allotment Letter
- Receipt/(s) of payment/(s) made to the developer
Agriculturists:
KYC Proof – PAN Card (Mandatory) and any of Driving License/Voter ID/Passport
Income Proof:
- Bank Statements showing salary credits from the last 6 months.
- Copies of title documents of agricultural Land showing crops being cultivated
Property Related Documents:
- A cheque for processing fee favoring ‘The Particular Bank.’
- Copy of the Allotment Letter / Buyer Agreement
- Receipt/(s) of payment/(s) made to the developer
Additional requirements for Co-applicants:
Passport size photograph of all co-applicants to be affixed on the Application Form and signed across
Apply for Home Loan EMI Calculator online.
Home Loan Bharuch Eligibility Criteria
Salaried Individual:
The Home Loan eligibility criteria is given by:
- The applicant’s nationality should be Indian.
- The applicant must be between the age group of (Minimum) 18 years to (Maximum) 65 years.
- Must have working experience and a legitimate source of salary i.e working under the same employer for at least one year.
Self Employed Individual:
Applicants who are not professionally engaged in the working sector but have their own source of steady income are also eligible for the Home Loan. This includes everybody who is a:
- Traders
- Commission agent
- Contractors
The following criteria must be met to apply for a home loan:
- The applicant must be between the age group of (Minimum) 18 years to (Maximum) 65 years.
- Must have working experience and a legitimate source of salary i.e working under the same employer for at least one year.
Self Employed Professionals:
Applicants who are professionally engaged in the working sector are also eligible for the Home Loan in Bharuch. This includes everybody who is a:
- Doctors
- Lawyers
- Charted Accountant
- Architect
- Consultant
- Engineer
- Company Secretary
The following criteria must be met to apply for a home loan:
- The applicant’s nationality should be Indian.
- The applicant must be between the age group of (Minimum) 18 years to (Maximum) 65 years.
Additional Criteria for Co-applicants:
- Co-applicant must be a family member of the primary applicant.
- All co-applicants are not required to be the co-owners of the property.
Please find more information on Eligibility by visiting Dialabank online.
How To Apply For Home Loan Bharuch
- Visit Dialabank for a Home Loan.
- Go to the specific city Home Loan page.
- Check out all the eligibility and documents criteria for a Home Loan.
- Fill out all the details required in the Home Loan Bharuch application form.
- Once done, our representative will soon contact you for a further stress-free process.
Processing Fees / Prepayment Charges On Home Loan Bharuch
Particulars | Charges |
Processing Fees | Salaried Individuals: 0.50% of the loan amount or Rs. 3,000, whichever is higher Self Employed Professionals: 0.50% of the loan amount or Rs. 3,000, whichever is higher Self Employed Non-Professionals: Up to 1.50% of the loan amount or Rs. 4,500, whichever is higher |
Prepayment charges | No prepayment charges for floating rates |
Home Loan EMI Calculator Bharuch
CIBIL Score Required For Home Loan Bharuch
A minimum CIBIL score of 750 and above is considered by most of the banks and financial institutions for a home loan in Bharuch. However, many banks can also approve a loan with a CIBIL score between 650 to 750 if the applicant is one of their old customers or has a good relationship with the institute. In this case, the bank may charge moderately higher interest on the loan.
Maintaining a good CIBIL score is a good practice as every financial institution strictly examine the detailed behavior of the previous loans taken. This includes details on the type of loan taken and the loan amount you have borrowed. Any late payments for previous loans can act as a barrier to your availing a fresh loan.
Check your CIBIL score in your credit report for more information on the score.
Home Loan Bharuch Agent / Broker
One of the major and best agents of Home Loan Bharuch is Dialabank. Having vast experience in the field put an advantage. Dialabank has worked with thousands of loan seekers and has successfully delivered what is agreed upon!
You can visit Dialabank online for information on Home Loan
Home Loan Bharuch Contact Number
You can contact us by dialing on +919878981166 to get more information about home loans and we will give you the best advice to help you fulfill your dreams.
Pre Calculated EMI Table for Home Loan Bharuch
About Bharuch
It is located near the banks of River Narmada. Bharuch has been known by different names in the past. It was once called as Bharakuccha. Later, the city was termed as Bhrigu Kaksha, Bhroach, and Bharuch.
Get Home Loan Bharuch information on Dialabank online!
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FAQs About Home Loan in Bharuch
✅ What are fixed and floating rates in Home Loan in Bharuch?
The rate of interest for fixed-rate loans remain constant for the entire tenure of Home Loan Bharuch. On the other hand, the interest rates for floating rate in home loans Bharuch can be changed depending on the RBI’s policy rates.
✅ Can I have a co-applicant for my Home Loan in Bharuch?
Yes, if he/she is your family member such as your spouse, your parents or your children you can have a co-applicant for Home Loan in Bharuch
✅ Can I get 100% financing on a Home Loans in Bharuch?
No Banks/NBFCs in Bharuch would grant 100% of the property value as a home loan. A margin is established on Home Loans in Bharuch i.e. the percentage of the cost that the lending institution in Bharuch will be covering.