Home Loan in Prayagraj

Check home Loan Interest Rates of All Major Banks of prayagraj Instantly

Bank Name

Floating Interest rate

Processing Fee

Federal Bank

8.75% onwards

upto 1% of loan amount

BAJAJ

9.05%

upto 2 %

Bank of baroda

8.75%

0.50% of loan amount upto Rs. 50 lakhs, above Rs. 50 Lakhs is 0.25% of loan amount + GST

Aditya birla

9.00% onwards

Up-to 1% of the loan amount

RBL BANK

10.30%

Min. Rs. 5000 of loan amount + applicable GST

Kotak Mahindra Bank

8.35%

upto 1.25% of the loan amount

IIFL

9.50%

upto 0.75% of loan amount, or Rs. 3000

ICICI

8.90%

0.5-1% of the loan amount+applicable taxes

FULLERTON

IndusInd bank

9.50%

upto 1% of loan amt.

TATA CAPITAL

8.70%

0.50% of the loan amount

AXIS

8.85%

upto 1% of the Home loan amount subject to a minimum of Rs 10000

HDFC

8.80% onwards

0.5% of loan amount or Rs 3,000 whichever is higher, plus applicable taxes

ABOUT HOME LOAN IN PRAYAGRAJ

We eye to create a robust alternative credit ecosystem in the country. For this, we are digitizing the finance functions. Anywhere and everywhere – you can Apply for a Home Loan with just a few clicks.

Now, you can compare and make a wise choice for the best Home Loan in prayagraj also. We bring forth a myriad of options from best banks and NBFCs for your convenience. It’s simple! Choose your desired product and win amazing assured cash backs up to ₹ 5000 on the disbursal of your loan amount.

Eligibility Criteria for Home Loan in prayagraj

No worries for strict eligibility conditions. We tie-up with all the best lenders in the prayagraj and help you with flexible eligibility criteria. Salaried/self-employed/professionals – hope you meet the following eligibility parameters.

A salaried individual needs to be between 23 to 62 years
A self-employed individual needs to be between 25 to 70 years
The credit score should be 700+
A minimum of 2 year work experience is required for the salaried individual
A minimum of 3 year business continuity is required for self-employed people

Documents Required for Home Loan in prayagraj –

We leverage existing and emerging technologies to offer you the complete digitalized process. Upload the required documents; it will take a few minutes.

Salaried Class –

Identity Proof - Aadhaar Card /Voters ID/Passport/Driving License /PAN Card/Photo Credit Card/Photo Identity Card issued by the Govt. of India
A recognized public authority or public servant issued letter establishing the identity of the customer (not more than 1 month old)
Residential Proof - Leave and License Agreement/Utility Bill (maximum three months old)/Passport/Voter ID Card/Aadhaar Card/Rent Agreement on Stamp Paper/Life Insurance Policy
Income Proof – Salary slips for the last three months along with the bank statement showcasing the credited salary. Latest Form 16/ITR
Employment Certificate – for the past 1 year
Photographs - Two passport size
Other Documents – Evidence to support running loans long with repayment bank statement for the past 6 months

For Self-employed

Identity Proof -

Aadhaar Card /Voters ID/Passport/Driving License /PAN Card/Photo Credit Card/Photo Identity Card issued by Govt of India

A recognized public authority or public servant issued letter establishing the identity of the customer (not more than 1 month old)

Address Proof for Business Entities –

Business Certificate/Trade License Certificate/SSI Registration Certificate/Registration Number issued by ROC

Proof of Income –

ITR for the last 2 years
Balance Sheet & P&L Account
6 months account statement of business entity and savings account statement of individual

Running Loan & other Documents –

Evidence to support running loans long with repayment bank statement for the past 6 months
Shareholding pattern list (certified by CA/CS)
Partnership deed (for partnership companies)

In addition to all the above documents, both salaried and self-employed people need to furnish the following property papers -

Copy of property documents
Copy of Agreement to sell
Buyer Agreement/Allotment Letter
Occupancy Certificate (in case of ready to move in property)
No Objection Certificate from the builder/society
Payments receipt made to the developer

Benefits & features of taking a Business Loan in prayagraj

Scale up your business to new heights with a business loan. At prayagraj, we have a plethora of options with added benefits. Everything is online – you don’t need to visit the bank.

Get ready to leverage the following benefits –

Instant Approval – Yes. SBI, ICICI, HDFC, India Bulls, IIFL and other players are offering instant paperless approval for housing loan. At Afinoz, the lowest home loan rate is guaranteed because we bring forth best home loan players along with their offers under one roof.
High Eligibility – Within few minutes, we will assess your home loan eligibility and suggest you the best available options in prayagraj. Our process is driven by automated technologies, and we help you get low EMI home Loan
Balance Transfer – We will make you pay your EMI easily by reducing your debt amount. Transfer your Home Loan balance to save on money. Some lenders charge fee for a home loan balance transfer.

ABOUT PRAYAGRAJ

Prayagraj, formerly known as Allahabad, is a city in Uttar Pradesh state, northern India. It is a holy city situated at the place of confluence of the Ganga and Jumna rivers.

. Prayagraj’s religious importance to Hinduism persists. Every 12th year a much larger festival, Kumbh Mela, takes place in the Prayagraj and is attended by millions of devotees.

Prayagraj was established in 1583 as Allahabad by the Mughal emperor Akbar. The city witnessed a great massacre of Indians by the British during the Indian Mutiny (1857–58) against British Raj. The city was a centre of the Indian freedom movement against British rule. It is the home of the Nehru family.

Prayagraj has been primarily known as an administrative and educational centre since a long time. It is a centre for agricultural produce and has a modest industrial base. The city is an important tourist destination, attracting visitors to the many historic and religious sites located within the city and in its surroundings. Prayagraj has a major road, rail hub, and is served by Allahabad Airport. The city has a stable and diverse economy with the presence of state and central government offices, educational institutions, banking, tourism, and agricultural base industries. Allahabad attracts students from across the country. A number of colleges and other education centres are affiliated by the University of Allahabad. The city has several museums, Anglican and Roman Catholic cathedrals, and the Jāmiʿ Masjid.

Allahabad, now Prayagraj, lies entirely on the western Indus-Gangtic Plain. Rice, barley, wheat, and gram (chickpeas) are among the main crops grown in the city.

TOP LOAN PROVIDERS IN PRAYAGRAJ

ABOUT PUNJAB NATIONAL BANK, PRAYAGRAJ, Uttar Pradesh

Punjab National Bank (PNB) is an Indian multinational banking and financial services company. Established in 89, it is state-owned bank. Headquartered in New Delhi, India, the bank operates through a network of zonal offices, 7 circle offices, 98 branches, and 98 ATMs. PNB also operates a banking subsidiary in the UK, as well as branches in Hong Kong, Kowloon, Dubai and Kabul and representative offices in in Almaty (Kazakhstan), Dubai (UAE), Shanghai (China), Oslo(Norway), and Sydney (Australia). PNB and other major commercial banks were nationalized on 9 July 99.

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