Home Loan Ludhiana

Home Loan Ludhiana Features                                    

Want your home but lacking funds? But now no need to worry we at Dialabank van help you out. Get financially supported with a Home Loan!

If we talk about a Home Loan – 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 Ludhiana

Please find more information on Eligibility below or by visiting DialaBank.

Home Loan Ludhiana 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

Know more about home loan interest rate.

Home Loan Ludhiana 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 favouring ‘The Particular Bank.’
• Copy of the Buyer Agreement/Allotment Letter
• Receipt/(s) of payment/(s) made to the developerKnow more about the documents required for a home loan.

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 favouring ‘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 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 favouring ‘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 Ludhiana Eligibility Criteria 

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 a 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 must be between the age group of (Minimum) 18 years to (Maximum) 65 years.
2. 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 a 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 Ludhiana. 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 DialaBank.

How To Apply For Home Loan Ludhiana

• 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 application form.
• Once done, our representative will soon contact you for a further stress-free process.

Processing Fees / Prepayment Charges On Home Loan Ludhiana

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 Ludhiana

CIBIL Score Required For Home Loan Ludhiana

A CIBIL score of 750 and above is considered to be very good and it attracts a lower interest rate for home loans in Ludhiana. However, a CIBIL score between 650 to 750 could be taken if you have a good income or you have a good relationship with the bank you are applying to but a moderately higher rate of interest will be offered in that case. If you have ever defaulted and your CIBIL score is very low, then your loan application might be rejected.

Maintaining a good CIBIL score is a good practice as every financial institution strictly examine the detailed behaviour 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 of a fresh loan.

Check your CIBIL score in your credit report for more information on the score.

Home Loan Ludhiana Agent / Broker

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

You can contact us by dialling +919878981166 to get more information about home loans and we will give you the best advice to help you fulfil your dreams.

About Ludhiana

Ludhiana is a large industrial city in the north Indian state of Punjab. The Punjab Agricultural University is home to the Museum of Rural Life, which displays pottery, musical instruments, and traditional Punjabi clothing. Nearby, leafy Nehru Rose Garden features ornamental fountains and more than one thousand different rose varieties. To the north, Maharaja Ranjit Singh War Museum documents Punjabi military history.

Get Home Loan Ludhiana information on Dialabank online!