Home Loan Ferozepur

Feature	Bank of Baroda	IDFC First Bank	SBI
Interest Rate	7% - 8.35%	7% - 8%	6.95% - 7.45%
EMI/Lakh	Rs. 665	Rs. 665	Rs. 659
Max Loan Amt	Upto 10 Cr.	Upto 5 Cr.	Upto 7 Cr.
Loan Tenure	Upto 30 years	Upto 30 years	Upto 30 years
Processing Fee	0.25% - 0.50% of loan amount + GST	0.25% - 0.50% of loan amount + GST	0.20% 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 Ferozepur Features

In the middle of house construction but have run out of funding to construct? Consider applying for a Home Loan to cover construction 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 is 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 Loans under Pradhan Mantri Awas Yojana are also available in Ferozepur. One of the advantages is that it will provide a low home loan interest rate.

Please find more information on home loan eligibility criteria below or by visiting Dialabank.

Home Loan Ferozepur 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 Ferozepur Documents Required

Home loan eligibility criteria has been classified as as

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.These are some of the documents required for home loan

and some are explained below.

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

Home Loan Ferozepur Eligibility Criteria 

Home loan eligibility criteria has been classified as-

Salaried Individual:

1. The applicant’s nationality should be Indian.
2. The applicant must be between the age group of (Minimum) 18 years to (Maximum) 65 years.
3. 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:

1. The applicant’s nationality should be Indian.
2. The applicant must be between the age group of (Minimum) 18 years to (Maximum) 65 years.

Self Employed Professionals:

Applicants who are professionally engaged in the working sector are also eligible for the Home Loan in Ferozepur. 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:

1. The applicant’s nationality should be Indian.
2. 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 Dialaank online.

Apply for Home Loan

How To Apply For Home Loan Ferozepur

• Visit  Dialabank for a Home Loan.
• Go to the specific city Home Loan page.
• Check out all the eligibility criteria for a Home Loan.
• Fill out all the details required in the Home Loan Ferozepur application form.
• Once done, our representative will soon contact you for a further stress-free process.

Processing Fees / Prepayment Charges On Home Loan Ferozepur

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.Better estimation can be done from home loan EMI calculator 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 Ferozepur

CIBIL Score Required For Home Loan Ferozepur

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.One of the advantage is that it will provide low home loan interest rate

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 Ferozepur Agent / Broker

One of the major and best agents of Home Loan Ferozepur 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 Ferozepur Contact Number

You can contact us by dialling 9878981166 to get more information about home loans and we will give you the best advice to help you fulfil your dreams.

Pre Calculated EMI Table for Home Loan Ferozepur

About Ferozepur

Ferozepur is a city on the banks of the Sutlej River in Ferozpur District, Punjab. It also holds a historic place in Indian history as it was there that British Raj established control over much of North-West India as well as what is now Pakistan through the Anglo-Sikh Wars that were fought in this region.

Get Home Loan Ferozepur information on Dialabank online!