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Home » Unlock Your Dream Home: A Guide To Home Loans For New Buyers In Chandigarh

Unlock Your Dream Home: A Guide To Home Loans For New Buyers In Chandigarh

INTRODUCTION

 

Chandigarh city being more architecturally and urban planned is one that generates a lot of interest among buyers when it comes to property. Irrespective of whether you are a fresher or are in the process of availing the second home loan, getting to know the Chandigarh home loan market is important. Here is a step by step guide that will assist any individual in choosing the right home loan option in this lovely city.

 

Why Chandigarh is the Right Place for Home?

 

Chandigarh, therefore, has all the accoutrements of a post-modern city and the beautiful environs that are expected with the landscape that is hoped for. Owing to the favorable climate, improved infrastructure and reasonably high standards of living, many people desire to own houses here. The city is also a center for learning and business, which makes the city suitable for many especially the families and the working class.

There are various types of home loans available as follows

 

New Home Purchase Loans: While conducting a real estate purchase and the property being used as a residential house.

Home Construction Loans: In a case where you wish to put up a new house on a piece of land that you possess.

Home Improvement Loans: Finish, for instance, for construction of an additional story extension of the existing one or the modification or repair of the current one, etc.

Home Extension Loans: As a method of extending more space to the existing house.

Balance Transfer Loans: While it applies to transfer your existing home loan with another lender for better interest rate.

Options for Loans / Banks / NBFCs

Banks / Nbfc R.O.I Processing fees Loan Amount Cibil score   Apply 
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

 

General Eligibility and Document Required for This Type of Loan 

 

 Eligibility

 

  • Age: 21 to 65 years 
  • Income: Steady income which will sustain secured and regular repayments for the money which has been borrowed.
  • Credit Score: Twelve good credit scores  for instance range from 750 and above.
  • Employment: Established employment record for the salaried or regular monthly income for those with a paid job or a prosperous business for business-minded persons.

 

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, Income Tax Returns, and Profit & Loss

 

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!

 

  • Easy Application Process: Applying the concepts online with a properly designed graphical user interface.
  • Personalized Assistance: Consult with professionals and get the best loans for you from the available.
  • EMI Calculators: There are a number of sites where you can input your loan amount and tenure to arrive at the EMI; it’s well advised to plan your finances based on these numbers.
  • Wide Network: The presented list contains many lenders that will be beneficial for obtaining the best rates and terms.

 

Frequently Questions 

  • Is it better to buy a house in the city of Chandigarh with a credit?

 

Yes, Chandigarh is a planned city with good transportation network and very sound infrastructure besides having a very good quality of life and therefore is very good location to invest in real estate business.

  • How much can one borrow when acquiring a home in Chandigarh?

 

Interest charged differs with your income, credit score and the value of the property in bring the amount of loan forwarded. Traditionally, funds up to 80-90 % of the market price of the security offered by the property are granted.

  • What is the fixed raw rate for home loans for availing a new house in chandigarh at present?

 

The rate of interest for housing loan in chandigarh may range between 7% to 10% of the base rate depending upon the financier and credit.

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