INTRODUCTION
Chhattisgarh is culturally and naturally endowed state which has great potential for real estate investment. As the need for homes increases, different financial institutions put forward competitive home loan schemes so that people can have their own houses.
Home Loan in Chhattisgarh
Chhattisgarh home loan interest begins from 8% to its consumers. For repayment tenures of up to 30 years and loan amounts of up to 90% of the property’s value, the rate of interest required is 30% per annum onwards. Even the existing home loan borrowers can take help of the home loan balance transfer and top-up facility. Some other lenders also provide Home Loan products to their selected segment customers based on their credit score. There are also other types of home loan services provided by different home loan lenders operating in Chhattisgarh including the following: housing loan for defence personnel, pensioners, women, low income groups etc.
Feature of home loan in Chhattisgarh
- The home loan interest rate start from as low as 8.30% p.a.
- Home loan flexible repayment tenures of up to 30 years.
- The LTV RATIO for housing loans is typically established by lender up to 90% the value of mortgage of property depending on loan amount.
- All the lenders provide the balance transfer facility on home loans. It enables existing borrowers of home loan to switch their home loan to another lender at cheaper rates.
- Similarly there is the provision of home loan TOP UP for those borrowers who are already availing home loan to meet the expenses incurred for home renovations, constructions, etc.
- Home loan lenders also provide pre-approved home loans to their existing select segment customers depending on factors such as income, the profile of the occupation, credit score and so on of the customer.
- As per the regulations that RBI has prescribed on home loan prepayment, the lenders who offer home loans at a floating rate of interest cannot charge home loan prepayment fees. Nevertheless, the banks/HFC/NBFCs, who provide home loans can impose prepayment charges with reference to fixed rates of interests on home loan. The regulation also allows the lenders to preemptively exempt the prepayment fees in fixed interest rates home loans.
Options for Loans / Banks / NBFCs
Banks /Nbfc | R.O.I | Processing Fees | Loan
Amount |
Cibil Score | Apply Now |
HDFC Bank Home Loans | 8.45% – 10%(Reducing Per Annumn) | 0.5% – 1% | 5.00 Lacs and above | 650 or above | https://referloan.in/loans/hdfc-bank-home-loan |
Bajaj Housing finance Home Loan | 8.45% – 10% (Reducing Per Annumn) | 0.2% -0.5% | 5.00 Lacs – 75.00 cr | 650 or above | https://referloan.in/home-loan/bajaj-housing-finance |
PNB Housing Home Loan | 8.75% – 14% (Reducing Per Annumn) | 0.25%-0.5% | 5.00 Lacs – 20.00 cr | 625 or above | https://referloan.in/loans/pnb-hfl-loan-home-loan |
Mahindra Finance Home Loan | 9% – 15% (Reducing Per Annumn) | 1% – 3% | 3.00 Lacs – 75.00 Lacs | 650 or above | https://referloan.in/loans/mahindra-finance-home-loan |
Capri Global Bank Home Loan | 9.5% – 15% (Reducing Per Annumn) | 1.25% -1.5% | 10.00 Lacs – 1.50 cr | 650 or above | https://referloan.in/loans/capri-global-home-loan |
General Eligibility and Document Required for This Type of Loan
Eligibility
- Age: Age between 21 years by 65 years of age.
- Income: Ensuring that he or she has good income that would sustain him or her in repaying the loan.
- Credit Score: A record credit score which is above 700 is normally regarded as good.
- Employment: long-term work history for those who are paid via salaries or wages or long-term patronage for business people
Documents Required:
- Proof of Identity: PAN card, Aadhaar card.
- Address Proof: any utility bill or rent agreement.
- Business Proof: Registration certificate, the business license.
- Bank Statements, Bank Statement, Income Tax Return and Profit Loss A/c
How Referloan Can Help
ReferLoan is among the rapidly advancing businesses of the Indian nation. It serves all sorts of financial needs through banking and non-banking segments where it interconnects the clients as per the need.
This is how ReferLoan can help!
- Competitive Interest Rates: Referloan provides home loans at attractive interest rates and hence enable customers to reduce their total interest expense over the period of the loan .
- Minimal Documentation: The process of application does not involve much paper work hence it is easier and less time-consuming as compared to other processes.
- Quick Approvals: Getting a home loan through Referloan has been made easier as it offers instant approval and thus cuts across the time one has to wait for the loan to be processed.
- Flexible EMIs: When lending customers money they give reasonable EMI cycles that will not burden your wallet.
- Wide Range of Lenders: In this regards, Referloan helps you to contact many various loan providers and find the most suitable offer for you.
Frequently Questions
- To whom can home loan be availed in Chhattisgarh?
Employees and their families, independent and freelance workers, and business people.
In this process, the applicants have to be of 21 to 65 years in average.
For the eligibility, the borrower must have stable income, credit worthiness and employment/business history.
- What is the biggest amount for home loan in Chhattisgarh that one could qualify for?
It depends with income and other factors such as credit status of the borrower and worth of the property. For instance, in most of the cases, a bank gives between 75-90% of the property value as the loan.
- What is the.home loan interest rate in Chhattisgarh?
Interest rates differ with lenders and are usually influenced by the duration of the loan, credit score and the current state of the market. In general, homeowners use the home loan interest rate that is between 7% to 9% per annual basis.