Home Loans in Pune

When you are looking to get a home loan in Pune, the first thing to do is to compare various banks and the rates at which they are offering home loan interest rates.

Let’s have a look below to know the same:

Additional Info: Best Home Loan Interest Rates @8%

Home loan in Pune and neighbouring areas start from 7.90% and can go on upto 14%:

There are more than 30 banks and financial institutions that can give you the best home loans in Pune. Here we are mentioning some of those lenders which give lucrative deals on your home loans:

Repco Home Finance Home Loan in Pune

The rate of interest starts from 8.10% p.a. for home loans. There are 2-3 types of mortgage loan schemes at Repco Home Finance in Pune.

PNB Housing Finance Limited Home Loan in Pune

PNB HFL starts giving home loans in Pune from Rs 8 lakh onwards and takes approximately 10 days to process. The minimum home loan rate of interest in Pune is 8.50% for salaried and 8.60% for self-employed professionals whose CIBIL or credit score is more than 800.

HDFC Home Loan in Pune

HDFC or HDFC Limited caters to home loan in Pune under different loan slabs based on the requirement amount of home loan. There are different home loan interest rates for women that can benefit you greatly if one co-applicant of your home loan is a woman.

LIC Housing Finance Limited Home Loan in Pune

LIC Housing Finance gives 7 different types of home loans in Pune or any other place. The starting home loan interest rate starts from 8.50% for people having a CIBIL score more than 800 and are salaried. For people whose CIBIL score is less than 600 and are self-employed, for them the home loan interest rate in Pune is around 9.40%.

Bajaj Housing Finance Pune

Bajaj Housing Finance offers attractive Home Loan interest rates starting at 8.30%* for salaried and professional individuals. Borrowers also have the advantage of availing of a sizable sanction with minimal documentation and quick processing and approval.

Aadhar Housing Finance Pune

With 13 types of home related loans Aadhar Housing Finance home loan interest rate is one of the good options.

Aditya Birla Housing Finance 

Getting a home loan in Pune is easy with Aditya Birla Housing Finance home loans. Below is the home loan interest rate based on salary.

Sundaram Home Finance Pune

With 6 types of home loans schemes, the home loan interest rate at Sundaram home finance in Pune starts from 8.65% p.a.

Indiabulls Housing Finance Pune

Indiabulls Home Loans offers customers competitive interest rates that will make it easier to own a home of choice. The home loan interest rate at Indiabulls Housing Finance in Pune start from 8.95% p.a.

SBI Home Loan Pune

State Bank of India is one of the premier banks of India and so to get a home loan in Pune is very easy with SBI. The cheapest SBI home loan interest rate is 8.05% and the maximum tenure for which home loan can be availed is 30 yrs. The loan disbursement process can take upto 3 weeks in SBI home loan Pune.

Indiabulls Home Loan

The final Indiabulls home loan rate of Interest depends upon Profile, Loan amount, tenor , property type and other risk parameters. The lowest home loan rate in Pune is 8.70% for 30 yrs. This can change depending on the credit worthiness of the applicant.

Axis Bank Home Loan

Axis bank home loan in Pune is one of the most searched options to get a home loan. The home loan interest rate varies depending upon the applicant profile, salary and credit score.

Additional Info: Also Check Best Banks for Home Loan in India in 2024

Interest Rate For Salaried Individuals in Pune

Home Loan Interest Rate For Self Employed Individuals in Pune

Interest Rate For Self Employed Individuals in Pune

Additional Info: Also check Home Loan for Salaried Employees

There are more than 10 types of home loans offered in Pune. Have a look below to understand what different types of home loans you can take from banks and other financial institutions(FIs) or NBFCs(non-banking financial institutions)

Mortgage loans in Pune is another term for home loans in Pune. So, if you are in need of any type of mortgage loan ie. home loan in Pune then you are reading just the article where you will get all the information correctly.

Also Check: SBI Plot Loan

Additional Info: Also check SBI Home Loan EMI Calculator

Home Loan is a secured loan where the bank keeps possession of your home papers till the repayment is done. Let’s have a glance at some features of home loan in Pune:

• Home loans in Pune are usually offered at a minimum interest rate of 7.80% p.a.
• Tenures may be up to 30 years.
• LTV ratio: 80%-90% of the cost of property.
• Facilities like top-ups, overdraft and home loan balance transfer to existing home loan borrowers are easily available.
• Selected existing bank customers are offered pre-approved instant home loans.
• No prepayment charges.
• Pradhan Mantri Awas Yojna for economically weaker sections, middle income groups and low income groups with interest subsidy of up to Rs 2.76 lakh

Additional Info: Check 30 Lakh Home Loan EMI Apply Online.

To be eligible for home loan in Pune there are some requirements. Let’s see what are those requirements that will allow you to have your dream home in Pune:

• Applicant’s nationality: Indian Resident, PIO, NRI
• Age- 21 years up to 70 years at the time of loan maturity
• Work experience: At least 3 years for salaried and self-employed
• Applicant’s job profile: Salaried (government and corporate professionals)/Self-Employed Non-Professionals (contractor, trader, commission agent)/Self-Employed Professionals (Doctors, CS, lawyers, CA, architect, consultant, engineer
• CIBIL/Credit score should be 750 and above for increased chances of availing home loan and at lower interest rates

Additional Info: Also check Home Loan Eligibility

Below are the list of documents needed to get a home loan in Pune:

Home loan Documents For Salaried Loan Applicants

• Proof of Identity: PAN Card/Driving License/ Voter ID/Passport/Aadhar Card.
• Proof of address: Passport/Utility bill/Aadhar card
• Proof of Income: Latest salary slip/ ITR/Form-16
• Bank Statement: Last 3 months bank statement/ last 6 months bank passbook.
• Property Documents: Agreement sale copy, Certificate of possession, Land tax receipt, the detailed cost of construction, Letter of allotment, Original NOC.

Additional Home Loan Documents for Self-Employed Applicants

• Business profile
• Recent Form 26AS
• Income Proof: ITR with income computation for past 3 years
• Memorandum and Articles of Association of the company
• Balance sheet and profit & loss account statement for last 3 years
• Current account statement of business entity
• Savings account statement of individual for past 6 months

Additional Info: Also check Documents Required For Home Loan

You can get home loan for Gram Panchayat Property in Pune from 3 banks, SBI, HDFC and Indiabulls. 

Additional Info: Also check How to Apply for Pradhan Mantri Awas Yojana