| Bank Name | Interest Rate Range (%) | Processing Fee | Foreclosure Charge | |
|---|---|---|---|---|
|
7.50% - 8.50%
|
1%
|
2% - 4%
|
|
|
8.00% - 10.00%
|
1%
|
2% - 4%
|
|
|
8.35%-9.35%
|
1 %
|
2% - 4%
|
|
.png)
|
11.70% - 12.00%
|
1%
|
2% - 4%
|
|
|
10.10% - 12.10%
|
1 %
|
2% - 4%
|
|
|
8.00% - 10.00%
|
1%
|
2% - 4%
|
|
|
7.25% - 8.00%
|
0.50%
|
2% - 4%
|
|
.png)
|
7.75% - 8.75%
|
1%
|
2% - 4%
|
|
|
9.50% - 10.00%
|
1%
|
2% - 4%
|
|
|
|
7.20% - 8.00%
|
0.50%
|
2% - 4%
|
|
|
8.80% - 9.85%
|
1%
|
2% - 4%
|
|
|
9.00% - 12.50%
|
1%
|
2% - 4%
|
|
|
7.25% - 8.25%
|
1%
|
2% - 4%
|
|
|
10.70% - 11.00%
|
1%
|
2% - 4%
|
|
|
8.50% - 10.50%
|
1%
|
2% - 4%
|
|
|
8.70% -9.80%
|
1%
|
2% - 4%
|
|
.png)
|
9.80% - 10.80%
|
1%
|
2% - 4%
|
|
|
10.75%- 11.75%
|
1%
|
2% - 4%
|
|
|
10.00% - 11.00%
|
1%
|
2% - 4%
|
|
|
8.00% - 10.00%
|
1%
|
2% - 4%
|
|
|
7.50% - 8.50%
|
1%
|
2% - 4%
|
|
|
10.00% - 13.00%
|
1%
|
2% - 4%
|
|
|
9.00% - 10.50%
|
1%
|
2% - 4%
|
|
|
10.70% - 11.00%
|
1%
|
2% - 4%
|
|
|
9.50% -11.50%
|
1%
|
2% - 4%
|
|
|
9.00% - 10.00%
|
1%
|
2% - 4%
|
|
|
7.50% - 8.0%
|
1%
|
2% - 4%
|
|
|
9.40% - 10.00%
|
1.00%
|
2% - 4%
|
|
| Bank Name | Min Interest Rate | |
|---|---|---|
|
|
7.50% - 8.50% |
|
|
|
8.00% - 10.00% |
|
|
|
8.35%-9.35% |
|
|
|
11.70% - 12.00% |
|
|
|
10.10% - 12.10% |
|
|
|
8.00% - 10.00% |
|
|
|
7.25% - 8.00% |
|
|
|
7.75% - 8.75% |
|
|
|
9.50% - 10.00% |
|
|
|
7.20% - 8.00% |
|
|
|
8.80% - 9.85% |
|
|
|
9.00% - 12.50% |
|
|
|
7.25% - 8.25% |
|
|
|
10.70% - 11.00% |
|
|
|
8.50% - 10.50% |
|
|
|
8.70% -9.80% |
|
|
|
9.80% - 10.80% |
|
|
|
10.75%- 11.75% |
|
|
|
10.00% - 11.00% |
|
|
|
8.00% - 10.00% |
|
|
|
7.50% - 8.50% |
|
|
|
10.00% - 13.00% |
|
|
|
9.00% - 10.50% |
|
|
|
10.70% - 11.00% |
|
|
|
9.50% -11.50% |
|
|
|
9.00% - 10.00% |
|
|
|
7.50% - 8.0% |
|
|
|
9.40% - 10.00% |
|
Before applying for Home Loan, you need to ensure that you meet specific eligibility criteria to qualify Home Loan. Every lenders want to know your repayment capacity to determine that you are capable of repaying loan amount within given time period. Therefore, meeting basic criteria is must while applying for loan.
Generally, Home Loan Eligibility Criteria depends on various factors like age of individual, monthly salary or business income, total work experience & CIBIL Score ..etc.
Note: - Maximum Loan Amount of Salaried Individual can avail up to 3.5 Crore & for Self- Employed Individual can avail up to 5 Crore.
There are few factors that generally affects Home Loan Eligibility Criteria as given below: -
CIBIL Score: - Firstly, Lenders check your CIBIL Score to know your past financial & transaction history to evaluate how capable you are at repaying loan or managing transaction. If your CIBIL Score is below 750, then it's likely that you are not eligible to apply for a Home Loan, but if its above 750 you can easily apply & get a Home Loan at competitive rates.
Applicant Age: - Thirdly, Lenders see’s your age to calculate the tenure period. Generally, a longer tenure period will save your money on EMI, this results in non- default in repayment.
Monthly Income: - Secondly, Lenders want to know you Monthly Income, if you are a Salaried Individual your minimum income per must be 25000/- or if you are a Self-Employed your business minimum annual turnover must be 15 lakhs.
To increase Home Loan eligibility, you need to consider few points as given below, this will aid you in increasing your eligibility level.
Improve CIBIL Score: - To improve CIBIL Score you don’t need to practice any mathematical theory you just need to be aware of timely paying payments, it might be Card dues, EMI, transaction which are taking place doesn’t to be delay in payment, try to avoid applying for multiple credit cards. Follow this points to increase home loan eligibility, remember CIBIL score above 750 will be offered home loan at lowest interest rates.
Joint Home Loan: - This facility allows you to add your spouse or family members to be earning co-applicant, therefore it led to increase chances of your eligibility.
Clearing Existing Loans: - Once you have decided to apply for home loan you, if you have any on-going existing loans then must try to clear existing loans dues. This will increase home loan eligibility when lenders check your debt-to-income ratio.
How should I apply for a duplicate NOC/ closure letter?(Loans Against Rental Receivables)
We request you to visit our nearest Retail Asset Branch along with a written request for a duplicate No Objection Certificate (NOC) and your photo identity proof.
What Property can be considered as collateral for LARR?
You can provide Commercial Property (Shops & Offices) leased to reputed lessees as collateral for a Loan Against Rent Receivables.
How much loan can be offered against my Property?
A Loan Against Rent Receivables can be extended up to a maximum of 50%* of market value of your property. However this dependent on Net Rentals, balance tenure & other parameters.
What is the maximum tenure to repay the Loans Against Rental Receivables?
A Loan Against Rent Receivables can be sanctioned for a minimum tenure of 12 months and a maximum tenure of 108 months. This however depends on the balance lease period and other parameters.
How do I apply for a Loan Against Rent Receivables (LARR)?
You can apply for a Loan Against Rent Receivables in the following ways:
Head Office:- Plot No 6A, IInd Floor, Opp. Max Hospital, Hasanpur, Patparganj, Delhi-110092
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