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Get home loans at banks and NBFCs in Agra for low interest rates and easy repayment options. Balance transfers and top up facilities are available with flexible documentation. End-to-end doorstep services and quick processing. Apply now through CreditMantri!
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.
Here is a list of some of the top home loan offerings in the city:
6.75% - 7.55%
6.75% - 8.00%
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%
6.90% - 8.90%
6.80% - 9.90%
Central Bank of India
6.85% - 7.30%
9.05% - 9.95%
Here are some of the common eligibility criteria considered by lenders before granting a home loan in Agra:
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.
The minimum income should be Rs. 1,80,000 per annum
The minimum annual income should be Rs. 1,80,000
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
Here is a list of commonly required documents by home loan lenders in Agra:
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
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.
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.
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