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Home Loan Offer

Home Loan offers 2022

Home Loan offers 2022:-
If you need the best Home Loan! These Banks are giving the cheapest Home Loan, Know the Process.

Home Loan offer: If You want to buy a house by taking a home loan then this is the right time. Because of this home loans are available at a very low-interest rate. Many Nationalized and private banks provided Home Loan @6.4%-6.75% per annum interest rate from the beginning to buy Home. Now, this is the right time to fulfill your dream.

Home loans are not taken for one or two years. This is taken for 15-30 years. In this case, you can save a lot of money the difference of 0.10% in interest rate. However, here is the thing to keep in mind Every Bank doesn’t give every borrower the same rate of interest in a Home Loan. The home loan interest rate depends upon many aspects. Let’s know which Bank is providing the cheapest home loan to home buyers. 

  1. State Bank of India ( SBI ):- This Bank offers home loan interest as per the repo rate linked lending rate of 4 percent. Bank offers at least 6.70% or a maximum of 6.85% of interest rate to its customers. If you have a good credit score you can buy your dream home at the least rate of interest.       

  1. LIC Housing Finance: (LICHFL):- This finance company is popular for providing the cheapest home loan interest. At this time this company provides an interest rate of 6.66% to 6.75% to Homebuyers.   

  1. Canara Bank:- This Bank offers 6.75-6.85% of interest for home buyers. This is a public sector bank. Bank offers as per the linked lending of repo rate. 

  1. HDFC Bank:- This is a private sector bank. HDFC Bank taking a leading role in providing home loans in comparison to other private sectors banks. This bank provides at lowest 6.75% and highest 6.85% interest in home loans. 

Learn whether you can get a Home Loan or not?

Before buying a house, people often try to know whether they can get a home loan or not. If get, how much will get? In particular, what is necessary for taking a home loan for the first time. In general, buying a flat, villa, duplex, simplex, or construction of a new house people often take home loans. Here we are giving all the necessary information about home loans. 

Home Loan amount fixed by the bank after calculation based on your monthly salary. The more amount you have in hand every month, the more your home loan amount increases.          

Normally banks and financial companies see you are eligible or not for paying the installment of 50% from your monthly salary. The home loan amount depends upon the tenure and interest rate. Apart from this,  Bank also fixes the upper age limit for the home loan.

How much Home loan can you get?

You have to pay a 10-20% down payment of the property cost. Suppose property cost is 50 lakh you have to pay 5-10 lakh as a down payment. After that, you can take a  home loan of 80-90% of the property cost. Apart from this, you can also include the registration and registration cost. You should pay maximum as a down payment of the property cost, by which you can reduce the burden of a home loan. The bank charges a lot of interest in a long-term home loan. You must be conscious of this matter. It is better as early as possible try to close the home loan you can save a lot of money.         


Which documents are required?

The bank needs a few documents for the sanction of a home loan. We have separated it into two types for better understanding. 

The first one is all legal documents of the property and the second is personal documents. Here we have given details.

Legal Documents of Property:-


  1. Encumbrance certificate (EC ) lasts 15-30 years. (It may vary from Bank to Bank.)

  2. Legal heir certificate.

  3. Patta

  4. Rent receipt

  5. Registration Deed Paper

  6. Linked documents of the land. ( Previous registration deed papers) 

  7. Ownership documents ( If the property is in GPA ) GPA: general power of attorney. 

The bank may require other legal documents on is a legal clearance basis.

Personal Documents: 

  1. Form 16 last two years ( Salary Person)

  2. Salary slip last 3 months

  3. Bank statement update last 6months

  4. Pan Card

  5. Addhar card

  6. Address proof ( Electric bill, gas bill, etc) 

  7. PF Statement. ( optional) 

  8. Bank application Form

  9. Passport size photo

  10.  IT return

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