Max Tenure
5 yrs
Best Rate
7.35%
Processing Fee
10,000₹*
Features
- * Upto 30 years Loan Tenure
- * No Prepayment or Foreclosure charges
- * Funding up to 90%* of the property cost
- * Customized eligibility programs
- * Accessible network & decades of experience
Pricing
- Interest rate – 7.35%
- Processing Fees – 0.25% of loan amount or Rs. 10,000/- (salaried), 0.5% of loan amount or Rs. 10,000/- (self-employed)
Documents Required
- Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority)
- Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority)
- Education Qualifications – Latest Degree
- Latest Salary-slips for 3 months or 3 years Income Tax returns for Self Employed
- Bank Account statement for last 6 months (Salary Account) or 12 months for Self Employed
Max Tenure
30 yrs
Best Rate
6.90%
Processing Fee
0%*
Features
- Best ROI in the industry
- For women beneficiaries 0.05% less than normal rate
- Speedy Sanction
- No prepayment charges
- No hidden charges
- Interest calculated on daily reducing balance
- Longer Repayment tenor
Pricing
- Interest Rate: 6.90% to 8.90%
- Processing Fee: 0
Documents Required
- ID proof(PAN card, Pass port/Voter Id/Employer ID/Driving Licence/ Aadhaar Card/MNREGA No) with 2 PP photos
- Residence proof: Latest Tel bill, Bank Statement / Elec bill / Ration Card / letter from employer)
- Certificate from employer confirming confirmation of continuous service - For Salaried Only
- A brief note on nature of business / activity / business licence in case of self-employed
- Form 16 for last 3 years
- Bank Statement / Pass book of salary or Business A/c for last 6 months
- Balance sheet and P&L Account for last 3 years - For Self Employed
- Salary Slip for last six months - for Salaried
- Income Tax returns with taxpaid challans for last 3 years - For Self Employed
Max Tenure
15 yrs
Best Rate
12%
Processing Fee
3-5%
Features
- Loan on Cash income
- Past Bureau issues also considered.
- Funding on gram panchayat , B khata , Properties under municipal limits also funded.
- Loan starts at 5 lacs.
Pricing
- Interest Rate: 12 % to 18%
- Processing Fee: 3 - 5%
Documents Required
- Identity proof such as Pan Card, Voters ID Card, Passport.
- Address proof such as electricity bill, ration card.
- Income proof documents, if available.
- Bank pass book or Bank Statements.
- Property documents, if property identified.
How to Get a Home Loans in Agra
Agra is one of the most famous cities located in the northern part of India. It lies on the banks of the river Yamuna and is known as a major tourist destination. The city is famous all over the globe since it is home to the iconic heritage site Taj Mahal which is known as an epitome of love.
The city is mainly dependent on agriculture, as 40% of its population is engaged in the same. It has a larger number of banks and financial institutions to cater to the growing needs of people including housing loan requirements. These lending institutions offer lower interest rates and instant approval to benefit the people of Agra. Here, we will share some of the top home loan providers in Agra along with other home loan details that people of the city should know.
Top banks for home loans in Agra
Here is a list of some of the top home loan offerings in the city:
| Banks | Interest rates |
|---|---|
SBI | 6.70%-7.30% |
ICICI Bank | 6.75% - 7.55% |
HDFC Ltd | 6.75% - 8.00% |
Axis Bank | 6.90% - 8.55% |
Punjab National Bank Housing Finance Ltd | 7.35% - 9.05% |
Bank of Baroda | 6.75% - 8.25% |
Bank of India | 6.95% - 8.35% |
Canara Bank | 6.90% - 8.90% |
IDBI Bank | 6.80% - 9.90% |
Central Bank of India | 6.85% - 7.30% |
DHFL | 9.05% - 9.95% |
Eligibility criteria for home loans in Agra
Here are some of the common eligibility criteria considered by lenders before granting a home loan in Agra:
| Particulars | Salaried borrowers | Self-employed borrowers |
|---|---|---|
Age | The applicant should be at least 21 years of age while applying for a home loan and 58 years at the time of loan maturity | Any proprietor, partner, professional or director who is at least 21 years of age during loan application but below 65 years at loan maturity. |
Income | The minimum income should be Rs. 1,80,000 per annum | The minimum annual income should be Rs. 1,80,000 |
Job Stability | The total employment period should be at least 2 years and current employment must be of minimum 1 year | Proven business stability of more than three years |
What are the documents required for home loans in Agra?
Here is a list of commonly required documents by home loan lenders in Agra:
- Proof of Identity- PAN Card/Driving license/ Voter ID/Passport/Aadhar Card.
- Proof of address- Passport/ Electricity bill/Aadhar card/Telephone bill
- 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, Detailed cost of construction, Letter of allotment, Original NOC
What is a home loan?
A home loan is a secured loan that can provide the required financial support to people who want to buy their own homes. A home loan ensures that the home buyer does not face any financial distress while buying a dream home. Be it a multi-storied home or a commercial property, home loans can allow an individual to purchase a property of his/her choice. Often, people use home loans for a home extension or even renovation purposes. Home loan interest rates are usually influenced by the ongoing property prices and lending rates of the banks.
Recommended read – Get a loan against property in Agra
Conclusion
People in Agra can easily buy a home in the city by availing of a home loan at reasonable interest rates. As the city sees a rising number of home loan providers, the people of Agra simply have to apply for a home loan with a bank to avail of maximum benefits.
FAQs – Home Loans in Agra
1. What is the lowest interest rate on a home loan in Agra?
The lowest interest rate available currently on home loans in Agra is 6.75%. This could differ as per the applicant and is decided by the lender.
2. How to apply online for a home loan in Agra?
To apply for a home loan online in Agra, you can search for the top loan providers in the city and compare interest rates before finalising your home loan application.
3. What is the minimum income requirement to get a home loan in Agra
The minimum income requirement to get a home loan in Agra is Rs. 25,000 for most banks and lenders. This amount could, however, vary according to different terms of lenders and also depends on the applicant’s credit profile.
4. What is the minimum lock-in period for Home Loan?
While there is no minimum lock-in period for home loans in India, some banks and lenders may not allow balance transfer up to a certain period from the start of the loan.
5. Can I go to jail for not paying a Home Loan in Agra?
Since defaulting on a home loan is a civil dispute as per Indian laws, you may not go to jail for defaulting on a home loan repayment in Agra.