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 Dehradun
Dehradun is a vacationer’s paradise. Be it the beautiful hills or the Buddhist monasteries, whether you are looking for some culinary treat or some wildlife to quench your photography thirst; you get them all here. Nestled in the foothills of the great Himalayas, this beautiful city is also the capital of Uttarakhand.
Many people love to own a vacation home in Dehradun. If you want to buy a house in Dehradun, all of the major home loan lenders have a presence there. Dehradun home loans are accessible. They have low-interest rates and a variety of value adds that make the house buying process much more delightful for the borrower.
Snapshot of Home Loans in Dehradun
Loan amount | Up to 80% of property value; Get up to Rs.10 crores |
Interest rates | Starts at 6.6% and goes up to 12% |
Repayment tenure | Up to 30 years based on your age |
Processing fees | Starts at about 0.4% and goes up to 2% |
Top Home Loan Lenders in Dehradun
| Housing Finance Company | Housing Finance Interest Rates | Processing Fee |
|---|---|---|
SBI | Starts at 6.55% | 0.40% Min of Rs.10000 and a Max of Rs.30000 |
HDFC | Starts at 6.75% | 0.50%, Min Rs. 3,000 |
PNB Housing Finance | Starts at 7.35% | 0.50%, Min Rs. 10,000 |
LIC Housing Finance | Starts at 6.66% | Min Rs. 10,000 to |
Indiabulls | Starts at 8.65% | 1.00% |
IIFL | Starts at 8.45% | 1.25% |
Piramal Housing Finance | Starts at 9.00% | 0.10% |
GIC Housing Finance | Starts at 10.25% | Min Rs. 2,500 |
Sundaram Home Finance | Starts at 6.95% | NIL |
L&T Housing Finance | Starts at 6.75% | 2.00% Min Rs. 4,999 |
Popular Localities in Dehradun and their property rate trends are
| Locality | Price range per sqft (in Rs.) | Avg price per sqft (in Rs.) |
|---|---|---|
Sahastradhara Road | 1,619 - 6,692 / sqft | 5,46.75 / sqft |
Rajpur Road | 2,431 - 6,923 / sqft | 5,432.69 / sqft |
Mussoorie Road | 442 - 8,475 / sqft | 5,917.9 / sqft |
GMS Road | 2,273 - 5,295 / sqft | 5,144.61 / sqft |
Aman Vihar | 2,722 - 4,200 / sqft | 4,090 / sqft |
Shimla Bypass Road | 3,016 - 4,190 / sqft | 3,773.44 / sqft |
Rajpur | 1,786 - 4,960 / sqft | 4,584.46 / sqft |
Dehradun Road | 824 - 87,500 / sqft | 18,823.04 / sqft |
Prem Nagar | 2,273 - 3,421 / sqft | 3,39.58 / sqft |
turner road | 3,500 / sqft | 3,500 / sqft |
Malsi | 2,259 - 4,875 / sqft | 4,568.11 / sqft |
Jakhan | 2,660 - 5,000 / sqft | 4,674.05 / sqft |
ISBT Turner Road | 3,040 - 6,139 / sqft | 5,582.97 / sqft |
Dalanwala | 5,000 - 9,091 / sqft | 9,90.91 / sqft |
Kulhan | 3,413 - 4,483 / sqft | 4,231.02 / sqft |
Raipur | 4,486 - 7,000 / sqft | 4,887.86 / sqft |
Doon IT Park | 2,769 / sqft | 2,769.23 / sqft |
Canal Road | 4,688 / sqft | 4,687.5 / sqft |
Subhash Nagar | 3,207 - 7,692 / sqft | 5,449.6 / sqft |
Haridwar Dehradun Road | 2,959 - 4,147 / sqft | 4,94.94 / sqft |
Kargi | 3,810 - 6,190 / sqft | 6,190.48 / sqft |
Niranjanpur | 3,885 - 4,000 / sqft | 3,924.53 / sqft |
Balawala | 3,463 - 3,865 / sqft | 3,730.78 / sqft |
Chironwali | 9,000 / sqft | 9,000 / sqft |
Majra | 3,529 - 5,143 / sqft | 4,336.13 / sqft |
Danda Lakhond | 2,500 / sqft | 2,500 / sqft |
Kanwali | 3,234 - 5,600 / sqft |
Different kinds of home loans available in Dehradun
Home loans to purchase a residential property
A home loan is most commonly used to buy a house or an apartment. Banks often lend 80 to 85% of the property's market value. They come in a variety of tenure durations and rates, both fixed and variable. This can be used to purchase new or previously owned properties on the real estate market.
Home loans to purchase a residential plot or land
This loan can be used to buy vacant land or land for the construction or investment of residential buildings. The loan cannot be used to purchase agricultural land. In comparison to home loans, which typically provide between 80 and 85% of the property's value, land loans provide up to 90% of the cost.
Home Construction loans
Home construction loans can only be used to construct a home on previously owned land. Housing loans are only available for the construction of a home on previously owned land. The land might be vacant, or an existing house could be dismantled and replaced with a new home. The loan amount is usually between 85 and 90% of the total construction cost.
Home improvement loans
These loans can be utilised to help with house renovations or remodelling. They can be used in any construction or restoration project. Painting, new flooring, plumbing, and outside elevation work are all covered by home renovation loans. These loans could range from Rs. 20,000 to Rs. 10 lakhs, depending on the project.
Also Read: Home Loans Vs Home Construction Loans
Things to keep in mind when getting a home loan in Dehradun
- Check your eligibility and EMI: It is critical to determine your home loan eligibility as well as the monthly EMI you will be required to pay once you have received the loan. These two elements are critical in determining whether or not you can afford the loan. You can use CreditMantri’s Home Loan Eligibility Calculator and Home Loan EMI Calculator to help you with this.
- To get the greatest deal, shop around: Seasonal deals are introduced by home loan lenders on a regular basis. Before selecting one lender, inquire about their current offers from various lenders.
- Negotiate the loan's terms before you accept: Many of us simply accept the lender's offer. It's a good idea to haggle about interest rates and other fees. The banker has the authority to offer you discounts or other incentives. Speak with your lender about the finest loan conditions he can provide.
- Prepare all the necessary documentation: Home loans necessitate a large amount of paperwork. Before applying for a loan, be sure you have all of the necessary papers. The loan application procedure will be simplified and expedited as a result. Otherwise, there will be unnecessarily long waits.
Credit Score and Home Loans in Dehradun
In Dehradun too, like any other city, a minimum credit score is necessary to obtain a home loan. A credit score of 700 and above is considered favourable.
When lenders are processing your house loan application, they look at your credit score. A credit score is a three-digit figure that ranges from 300 to 900 and reflects your creditworthiness to a lender.
Lenders want a credit score of 700 or higher when processing a house loan. If your credit score is below 700, you will still be approved for a loan, but with unfavourable loan terms such as high-interest rates and processing fees. You can get a very favourable interest rate and other benefits if your credit score is better than 700.
Here are some tips to improve your credit score before applying for a home loan
Home Loans in Dehradun FAQs
1. What is the average time it takes to have a house loan approved?
Before approving a home loan, several documents have to be scrutinized, which takes time. After completing all relevant paperwork, a home loan can be approved in as little as 30 days.
2. What is considered a good credit score to get a home loan in Dehradun?
A credit score of 700 and above is considered good if you want low interest rate and better repayment terms.
3. What are the minimum and maximum repayment tenure offered for a home loan in Dehradun?
In India, the minimum term for a home loan is five years. The maximum period of service is 30 years. The smaller the total interest you pay to the lender, the shorter the term.
4. Is it possible for me to apply for a home loan with a friend? Who may I include as a co-borrower on my house loan?
No, joint applicants must be related to one another and be members of your immediate family. As a result, joint house loan applications with a friend or acquaintance are not approved by the lender. On your home loan application, you can include immediate family members such as a parent, spouse, or children as co-applicants.
5. Is it better to apply for a home loan with a private or public bank?
Ideally, you should seek out the lowest interest rate from a bank, NBFC, or HFC. CreditMantri makes comparing loan offers from several lenders simple, allowing you to choose the best home loan arrangement for you.
Dehradun Home Loan - Customer Reviews
SHEKH
Good service