Best Banks For Home Loan Bhopal
Feature
HDFC Bank
Private Bank
Bank of India
Interest Rate
6.95% to 8.2%
6.95% - 7.95%
6.85% to 7.15%
EMI/Lakh
Rs. 662
Rs. 659
Rs. 655
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
Upto 0.5% of loan amount + GST
1% – 2% of loan amount + GST
0.25% - 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 Bhopal Features
Buying a new house? Consider home loan!
You can apply Home Loan 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 Bhopal Interest Rates
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 Bhopal Documents Required
Salaried 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.
- 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
Home Loan Bhopal Eligibility Criteria
Salaried Individual:
- 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 Bhopal. 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 home loan eligibility criteria by visiting Dialabank online.
How To Apply For Home Loan Bhopal
- 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 Bhopal application form.
- Once done, our representative will soon contact you for a further stress-free process.
Processing Fees / Prepayment Charges On Home Loan Bhopal
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 Bhopal
CIBIL Score Required For Home Loan Bhopal
A minimum CIBIL score of 750 and above is considered by most of the banks and financial institutions for a home loan. 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 Bhopal Agent / Broker
One of the major and best agents of Home Loan Bhopal 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 Bhopal 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 Bhopal
About Bhopal
Bhopal is the capital city of the Indian state Madhya Pradesh. It was initially the capital of the former Bhopal State. The presence of artificial and natural lakes makes it one of the greenest cities in India. It is also referred to as the ‘City of Lakes’.
Get Home Loan Bhopal information on Dialabank online!
Home Loan In Other Cities
Home Loan Mohali | Home Loan Bhatinda |
Home Loan Ludhiana | Home Loan Amritsar |
Home Loan Jalandhar | Home Loan Kota |
Home Loan Ferozepur | Home Loan Jodhpur |
FAQs About Home Loan in Bhopal
✅ What are fixed and floating rates in Home Loan in Bhopal?
The rate of interest for fixed-rate loans remain constant for the entire tenure of Home Loan Bhopal. On the other hand, the interest rates for floating rate in home loans Bhopal can be changed depending on the RBI’s policy rates.
✅ Can I have a co-applicant for my Home Loan in Bhopal?
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 Bhopal
✅ Can I get 100% financing on a Home Loans in Bhopal?
No Banks/NBFCs in Bhopal would grant 100% of the property value as a home loan. A margin is established on Home Loans in Bhopal i.e. the percentage of the cost that the lending institution in Bhopal will be covering.