Home Loans in Meerut

  • AXIS Bank
  • Bajaj Finance
  • Cholamandalam
  • ICICI Bank
  • Sundaram BNP Paribas
  • TATA Capital
  • DHFL
  • SHUBHAM
  • Magma Fincorp
  • Edelweiss
  • L&T Finance
  • India Bulls
  • Home First Finance Company
  • PNB
  • IDFC
  • LIC
5.0 / 5 (9 Reviews)

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Why apply through CreditMantri

Quick and easy approval for Home Loans in Meerut CreditMantri matches your credit and demographic profile to lender's Home Loan lending criteria - others just match your demographic criteria. We shortlist lenders willing to lend to you Home Loans in Meerut, based on our proprietary matching algorithm.

In effect, we pre-screen your application to make sure you are likely to qualify as per the lender’s credit criteria. We upfront check whether you qualify for Home Loan in Meerut Hence the chances of your Home Loan application getting approved is higher. We even try our best to help people with low CIBIL Score, get a Home Loan in Meerut.

max tenure

30 yrs

processing fee

Rs. 10,000/-*

best rate

8.65%

  • Catering to all customer segments i.e. From HIG to LIG, Salaried to Self-Employed, NRIs
  • Home Loans up to Rs.5 crores and an online loan approval in 5 minutes
  • Tailor made products for different customer segments
  • Attractive Rate of Interest & transparency in fee & charges
  • Door Step Service
  • Interest rate – 8.65%
  • Processing Fees – 0.5% of loan amount or Rs. 10,000/- (self-employed), starting from Rs. 10,000/- for salaried
  • Application form with photograph
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Utility bill, Ration card, Employers letter, Bank statement , office address proof (self employed)
  • Salaried - Salary slip and bank statement for 3 months, Self employed - Office address proof, Last 2 years IT return attested by CA, bank statement for 6 months
  • Property related documents, Processing fee cheque

max tenure

25 yrs

processing fee

0.8%*

best rate

9.85%

  • India’s first 100% online Home Loan approval for Salaried individuals
  • Home Loans up to Rs.5 crores and an online loan approval in 5 minutes
  • Part prepayment facility available and nil foreclosure charges
  • Online account access
  • Prompt repayment benefit and 3 EMI Free months
  • Interest rate - 9.85%
  • Processing Fees - 0.8% of loan amount plus Rs.1999/-
  • Per bounced cheque – Rs.1000/- and 2% penal interest per month
  • Secure fee – Rs.1999/- for instant approval online
  • Application form, Employee ID card
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Passport, Driver's license, Ration card, Mobile bill, Letter from employer
  • Signature proof (any one) - Passport, PAN, Driver's license, Photo credit card, Letter from bank verifying signature
  • Work experience documents - Appointment letter, Form 16, 1 yr old salary slip, same for previous employment

max tenure

15 yrs

processing fee

2%

best rate

15%

  • Offers home loans to suit all budgets
  • Exclusive products for self-employed
  • Convenient repayment options
  • Fast track approval process
  • Over 577 branches across India
  • Interest rate - 15%
  • Processing Fees - 2% of loan amount
  • Application form with photograph
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Passport,Driver's License, Voter ID, Utility bill, Ration card, Bank statement
  • Last 2 years IT return attested by CA – Form 16, 12 months bank statement. Salaried - Salary slip for 3 months, Self employed - Office address proof.
  • Property related documents – original title deed, parent document and EC going back 30 years, EC, patta, approved plan, property tax receipts

max tenure

30 yrs

processing fee

NIL

best rate

9.65%

  • Offer higher eligibility and lower EMIs at attractive interest rates
  • Application processing through tablet and smart phone app ensures faster approval
  • Lower EMI and save money by transferring your existing home loan
  • Unlock the value of your property to avail funds for personal and business requirements
  • Interest rate - 9.65%
  • Processing Fees - NIL
  • Application form with 2 photographs , Processing fee cheque
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Passport,Utility bill, Lease agreement
  • Salaried - Salary slip for 3 months, bank statement with salary credit
  • Self employed - Office address proof, audited financials for last 2 yrs and latest 6 months balance sheet

max tenure

20 yrs

processing fee

Rs.5000/-*

best rate

8.35%

  • Speedy sanctions
  • Transparent process
  • Personalised services
  • Flexible approach
  • Interest rate – 8.35%
  • Processing Fees - Rs.5000/- for salaried, Rs. 20,000/- for self-employed
  • Application form with photograph
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Utility bill, Ration card, Employers letter, Bank statement , office address proof (self employed)
  • Salaried - Salary slip and bank statement for 3 months, Self employed - Office address proof, Last 2 years IT return attested by CA, bank statement for 6 months
  • Property related documents, Processing fee cheque

max tenure

25 yrs

processing fee

0.25%*

best rate

8.70%*

  • Flexi EMIs with Higher Loan Eligibility
  • Minimum Documentation and Verification
  • Quick processing and Attractive Rates
  • Approved Projects
  • Interest Rate - 8.70% p.a. Salaried Only
  • Self-employed – 8.90% p.a Onwards
  • Loan Against Property – 12.5% Onwards
  • Processing Fees – Rs.5000/- for salaried, 0.25% for self-employed
  • Application form with photograph
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Utility bill, Ration card, Employers letter, Bank statement , office address proof (self employed)
  • Salaried - Salary slip and bank statement for 3 months, Self employed - Office address proof, Last 2 years IT return attested by CA, bank statement for 6 months
  • Property related documents, Processing fee cheque

max tenure

30 yrs

processing fee

Rs.5000/-*

best rate

8.70%

  • Offers easy repayment options
  • Simple documentation process
  • Long tenures of up to 30 years
  • Offers fluctuating interest rates
  • Tax benefits available on home loans
  • Interest rate – 8.70%
  • Processing Fees - Rs.5000/- for salaried, 1.50% for self-employed
  • Application form with photograph
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Utility bill, Ration card, Employers letter, Bank statement , office address proof (self employed)
  • Salaried - Salary slip and bank statement for 3 months, Self employed - Office address proof, Last 2 years IT return attested by CA, bank statement for 6 months
  • Property related documents, Processing fee cheque

max tenure

15 yrs

processing fee

Rs.9500/-*

best rate

12%

  • No Income Proof/ITR required
  • No guarantor required
  • Loan on Household Income
  • EMI as per your repayment capability
  • Based on eligibility you can get CLSS subsidy up to 2.18 lakhs
  • Interest Rate - 12%
  • Application Fee – Rs.2600/- at the time of filling the application form
  • Processing Fees – Rs.9500/-*
  • Application form with photograph, PAN mandatory
  • ID proof (any one) - Aadhar, Passport, Driver license, Voter ID, Notarized affidavit
  • Address proof (any one) - Passport, Driver license, Ration card, Mobile bill, Letter from employer
  • Salaried - Salary slip and bank statement for 3 months, Self-employed - Office address proof, Last 2 years IT return attested by CA, bank statement for 6 months
  • Property related documents, Processing fee cheque

max tenure

20 yrs

processing fee

1%*

best rate

12%

  • Flexible documentation
  • Quick processing.
  • End-to-end doorstep service through the nearest Magma office.
  • Competitive home loan interest rate, terms & conditions.
  • Well-trained and knowledgeable team.
  • Interest Rate - 12%
  • Processing Fees - 1% for salaried, 1.5% for self-employed
  • ID Proof - Passport Copy/ Voter ID card/ Driving License/ PAN Card
  • Address Proof - Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License
  • Bank Statements for the last 6 months
  • Income proof – Pay slip
  • Documents related to Property title & Valuation

max tenure

60 months

processing fee

1.50%

best rate

10.75%

  • Flexible documentation
  • Tailored products - for customers with or without formal income proof.
  • Quick processing.
  • End-to-end doorstep service through the nearest Edelweiss office.
  • Competitive home loan interest rate, terms & conditions.
  • Interest Rate - 10.75%
  • Processing Fees - 1.50%
  • Application form with photograph
  • ID proof & Age Proof (any one) - PAN,Passport,Driver's license, Voter ID, UID
  • Address proof (any one) - Passport,Driver's License, Voter ID, Utility bill, Ration card, Bank statement
  • Salaried Professional - (Any one) - Form No.16, PF statement, appointment letter in case of Cash Salary, Latest Salary slip, Bank Statement last 6 months
  • Self Employed Professionals - Last 2 years Balance Sheet and Profit and Loss A/c with Annexures and Schedules, Last 2 years Income Tax returns duly certified by CA, Bank Statement last 6 months

max tenure

20 yrs

processing fee

0.25%*

best rate

9.75%

  • Higher amount eligibility
  • Instant online approval
  • Loan ranging from 5 Lakhs to 20 Crores
  • Balance Transfer and Top Up facility
  • Flexible documentation, Quick processing
  • Interest Rate – starting from 9.75%
  • Processing Fees – 0.25% Salaried, 0.50% for Self Employed & Self-Employed Non-Professional
  • Application form with photograph.
  • ID Proof - Passport Copy/ Voter ID card/ Driving License/ PAN Card
  • Address Proof - Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License
  • Business Proof
  • Bank Statements for the last 6 months for Salaried, 12 months for Self Employed
  • Income proof
  • Salaried: Recent 3 months Pay slip, Form 16, Company offer letter, Previous employment proof
  • Self- Employed: Last 2 years ITR of the company and Individual with computation of Income, P & L a/c, B/s along with schedules, Form 3CD and 3CB if applicable, Form 26AS
  • Property documents

max tenure

30 yrs

processing fee

Rs. 10,000/-*

best rate

8.55%

  • Flexible documentation
  • Quick processing.
  • End-to-end doorstep service through the nearest office.
  • Competitive home loan interest rate, terms & conditions.
  • Well-trained and knowledgeable team.
  • Interest Rate – 8.55%
  • Processing Fees – Rs. 10,000/- onwards for salaried, Rs. 12,500/- for self-employed
  • ID Proof - Passport Copy/ Voter ID card/ Driving License/ PAN Card
  • Address Proof - Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License
  • Bank Statements for the last 6 months
  • Income proof – Pay slip
  • Documents related to Property title & Valuation

max tenure

25 yrs

processing fee

Rs. 13,685/-*

best rate

12.50%

  • Flexible documentation
  • Quick processing.
  • End-to-end doorstep service through the nearest office.
  • Flexible pre-payment and part payment facility (Ask us about Auto-PrePay.)
  • Well-trained and knowledgeable team.
  • Interest rate – 12.50%
  • Processing Fees – Rs. 15,985/- for Salaried, Rs. 13,685 for Self-employed
  • ID Proof - Passport Copy/ Voter ID card/ Driving License/ PAN Card
  • Address Proof - Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement
  • Bank Statements for the last 6 months
  • Income proof – For Salaried - Pay slip for last 3 months (If available),
  • - For Self Employed – ITR for the past 2 years (If available)
  • Documents related to Property title & Valuation

max tenure

25 yrs

processing fee

Rs.2500/-*

best rate

8.70%

  • Flexible and fast processing.
  • End-to-end service through the dedicated team.
  • Lowest rate in Home Loans.
  • Offer maximum loan eligibility.
  • Well-trained and professional team
  • Interest Rate – 8.70%
  • Zero Processing Fees for Loans up to Rs.50 Lacs. - Affordable Loan Housing.
  • Processing Fees – Rs.2500/- plus taxes up to Rs.1 Cr & Rs.4000/- plus taxes above Rs.1 Cr up to Rs.3 Cr
  • ID Proof - Passport Copy/ Voter ID card/ Driving License/ PAN Card
  • Address Proof - Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License
  • Bank Statements for the last 6 months
  • Income proof – Pay slip
  • Documents related to Property title & Valuation

max tenure

25 yrs

processing fee

NIL

best rate

8.70%

  • Ability to save on interest
  • Quick and transparent processing
  • Customized loan as per your requirement
  • Simpler documentation
  • Interest Rate – Simple Home Loan @ 8.70%, Short & Sweet @ 8.80%
  • Processing Fees - NIL
  • ID Proof - Passport Copy/ Voter ID card/ Driving License/ PAN Card
  • Address Proof - Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License
  • Bank Statements for the last 6 months
  • Income proof – Pay slip for last 3 months & Form 16
  • Documents related to Property title & Valuation

max tenure

30 yrs

processing fee

0.25%*

best rate

8.50%

  • No pre-closure and part payment fee
  • Flexible documentation & Quick processing.
  • Fixed Rate of Interest Schemes with Competitive home loan interest rate, terms & conditions.
  • End-to-end doorstep service through the nearest office.
  • No guarantor required
  • Interest Rate – 8.50%
  • Processing Fees – 0.25% or Rs. 10,000/-
  • ID Proof - Passport Copy/ Voter ID card/ Driving License/ PAN Card
  • Address Proof - Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License
  • Bank Statements for the last 6 months
  • Income proof – Pay slip
  • Documents related to Property title & Valuation

Home Loan in Meerut

Meerut is an ancient city with settlements dating back to Indus Valley Civilisation. The city is well-known for its largest production of sports goods and musical instruments. It continues to be an important centre of education, health, culture, commerce, finance, design, art, and tourism.

Meerut is home to some of the leading banks and other NBFCs in India. Are you looking for a home loan in Meerut and wondering what your options are? You have reached the right place. Read on!

What is a Home Loan?

When a bank or housing finance company lends a customer money for buying a property, the loan is known as a home loan. The property thus purchased is held by the lender as collateral till the entire loan amount along with interest is repaid. On repayment of the full amount, the lender will release the documents to the customer.

Home Loan in Meerut

Home Loans in Meerut are given by almost all major banks and NBFC’s present in the city. There are many reasons why you should consider buying your own home. Why continue paying rent when you could buy a home of your own in easy EMIs?

With the wide variety of home loan options available in the market, it is easier than ever to own a home. The price of real estate continues to increase every year (on a general basis), and therefore, purchasing real estate is one of the safest long-term investments.

Whether you are only thinking about buying a property, or have already started looking at properties, the deciding factor when considering various home loan options is typically the interest rate. Home loan rate of interest starts from 8–9 % onwards in India. The cheapest home loan rate entirely depends on your credit score, income and other important factors.

Read on to know about the best home loans in Meerut.

Which Is the Best Bank for Home Loan in Meerut?

The best lender is easily the one which suits all your requirements! You need to comply to various criteria in order to qualify for a home loan. You might be eligible for a home loan with one lender at a lower interest rate where as another lender might offer you value added services but a higher interest rate.

Home Loan Eligibility

  • You must be salaried or self-employed businessman / professional with a regular source of income
  • Individuals either singly or jointly with family members can apply.
  • Resident Indians, NRI’s holding Indian Passport / Persons of Indian origin, pensioners and HUF’s are eligible to apply.
  • A healthy credit score is doubly important

Most lenders have online home loan eligibility calculators on their websites, which you could use to check if you qualify for a loan.

Documents Required for Home Loans in Meerut

The documents required for a home loan could include (among others): all the legal documents pertaining to the home that is to be purchased like the title deed, all the necessary legal approvals etc. Other documents include.

  • identity proof
  • residence proof
  • age proof
  • salary slip of the past few months
  • past income tax returns; and bank statements

The actual documentation required varies according to each lender and depends on your individual professional situation

Home Loans for CIBIL Defaulters in Meerut

Defaulting on loans can have one of the most serious repercussions on your credit health. If you are a defaulter, make sure to contact your lender and pay the entire outstanding before applying for any line of credit.

If you are not able to pay your dues on time, remember that you can talk to your banker and get the repayment schedule restructured so that it meets your available cashflow. Granted it will attract some penalty, but it is still a small price to pay instead of having your credit score damaged irreparably. Banks and other lending institutions understand that there could be genuine reasons because of which you are unable to make timely payments and hence you can make adjustments according to your credit situation.

There is a chance that a credit bureau like CIBIL puts you in the defaulter list due to the presence of incorrect accounts in your credit report. You can rectify the errors in your report by taking corrective action and informing the concerned lending institution.

So, how do you get a home loan if you are a defaulter?

If you are a defaulter, it can get very difficult to avail any new credit. Before you apply for any kind of loan, you must take steps to remove your “defaulter” tag by making full payments towards all your overdue accounts.

Getting a home loan if you are a CIBIL defaulter can be next to impossible, as servicing a home loan is often a tedious task which calls for responsible handling of finances.

Best home loan rates are given only to those who have an impeccable credit history.

Home Loan Interest Rates in All Banks in Meerut

Following is a list of home loan interest rates in Meerut. Keep in mind that current home loan rates fluctuate depending on the market and is subject to review and change as per the prevailing policies of the lender.

Name of the lender Interest rate
Canara Bank 8.65% -- 8.75%
Bank of India 8.65% -- 8.70%
Dena Bank 8.60% -- 8.85%
DBS Bank 8.50% -- 8.55%
ICICI Bank 8.75% -- 8.85%
Aditya Birla Housing Finance 8.65% -- 8.89%
HDFC LTD 8.65% -- 8.75%
State Bank of India 8.60% -- 8.70%
Punjab National Bank 8.65% -- 8.75%
Indian Overseas Bank 8.65% -- 9.15%
Aspire Home Finance Corporation Limited 14.00%
Yes Bank 10.25% -- 10.75%
India Bulls 8.70% -- 10.40%
Jammu and Kashmir Bank 8.8% -- 9.15%
Bank of Baroda 8.35% -- 9.35%
Tata Capital 8.65% -- 8.85%
Sundaram BNP Paribas 8.70% -- 9.25%
Axis Bank 8.65% -- 11.75%
SBI 9.00% onwards
Shriram Housing Finance 15%

Meerut Home Loan—How to apply for Home Loan in Meerut

You can check your eligibility and apply for a Home Loan by signing up with CreditMantri. It is quick, simple and above all, free.

CreditMantri matches your credit and demographic profile to the lender's lending criteria and presents you a shortlist of only those lenders willing to lend to you based on your unique credit profile. In effect, we pre-screen your application to make sure you are likely to qualify as per the lender’s credit criteria. Hence, the chance of approval on your home loan application is higher.

Click here to sign up and apply for loans and credit cards, the CreditMantri way!

Customer Reviews

Meerut Home Loan
5.0 / 5 (9 Reviews)
  • 5/ 5

"Got Home Loan at low Interest rate I had applied for a home loan through CreditMantri. I would first of all thank CreditMantri for helping me get a home loan with such ease. Everybody knows how difficult and confusing it is to get home loans these days. I did not face an issue during the entire process. Axis Bank executives came to my place and collected all the required document to complete the process. I had some issues with my address proof, but got it resolved through CreditMantri. The whole process was done within two weeks. Kudos to Axis bank for support to their customers, and kudos to CreditMantri for coming up with such an innovation to help customers in need! It’s awesome"

  • 5/ 5

"CreditMantri to the rescue CreditMantri came to my rescue when I was ready to make a huge down payment that I could not really afford and wanted a home loan in order to finance my dreams. It is quite easy to compare loan offers on their website. Coming to the application process, it is very simple with the help of Credit Mantri. Bajaj representatives came to my place to get my documents. After verification, I got my home loan. Although I would not say that disbursal is not very quick, I think this is because it is a large loan, and they needed to be quite sure about everything before approving. Fast forward to today, I am a proud buyer of a home and it was made easy by CreditMantri. "

  • 5/ 5

"Best site to compare loans you are eligible for I applied through CreditMantri for my housing loan. Got my eligibility for home loan quickly after creating my profile. They calculate your eligibility based on the information you give in your profile and provide a list of best and most suitable offers, which I find is really good. After applying for the loan, I got a call from the customer service who noted down my requirements, and they in turn fixed an appointment with Chola. What I like most about CreditMantri is their user-friendly website and I would gladly recommend their service to friends and family."

  • 5/ 5

"Good for comparing different bank home loan offers Everybody knows ICICI, but not everyone knows CreditMantri. Their exceptional service is praiseworthy. It is only because of CreditMantri I got guidance throughout the process of my home loan application. I was eligible for a home loan from ICICI, and after the initial verification, I was approved for a home loan. The website is good for comparing different bank home loan offers and helps in choosing the right option. So far, I have not faced any kind of issues nor any kind of difficulties, whilst navigating the website. Would recommended everyone to go through this website and use their service. Cheers. "

  • 5/ 5

"Simple application process Getting finance to buy your dream home can be a nightmare if you do it with no help. I decided to apply though Creditmantri and I am glad I did. I just needed to sign up with them and create my profile. They gave me a list of offers that I was eligible for. I simply had to choose from that. I compared the interest rates, and chose Sundaram. Now I am waiting for my loan amount to be disbursed. My application has been approved and verification is going on. Fingers crossed that I will get my loan amount soon. I have had a very smooth and pleasant experience, opposite to what I had been dreading before I found CreditMantri. Thanks CreditMantri!"

  • 5/ 5

"Simple, easy-to-fill online form Apply through CreditMantri if you done want any hassles while you are applying for a home loan. Simple, easy-to-fill online form and instant advice on eligibility. This is the most useful feature. I compared different interest rates before choosing Tata capital home loan. They are pretty fast in processing the documents for the customer. The rate and charges applied was also good and it is as per the market standards. Very happy with CreditMantri for guiding me and helping me get the loan. Thank you!"

  • 5/ 5

"Excellent service, and good job handling customers. Creditmantri is a website where you can easily compare loan offers. Customer support is excellent and they resolved all my queries satisfactorily. They are kind of a bridge between the customers and the banks. Once I signed up with my requirements, I received a call from the customer service executive, and they got me connected with DHFL for a home loan. I got good support throughout the process from CreditMantri team. Helping the customer to make their financial decision is really good initiative by CreditMantri and I am sure that it will be useful for the current generation of India.''

  • 5/ 5

"Thanks, CreditMantri! The website is primarily designed to enable customers to compare the home loan interest rates, processing fees. CreditMantri helps people in securing the best loan possible. Their home loan EMI calculator is handy. After registering on the portal, I received a quick response from the CreditMantri team on time. After documentation process, I was offered a low interest rate on my home loan, and I am very much satisfied. Thanks to CreditMantri for making my dream come true."

  • 5/ 5

"Got home loan at low interest rate! Wherever I turned, I couldn’t find any guidance on how to apply for the best home loan offer. Having saved for a down payment, I was on my search for a good housing loan when I stumbled upon CreditMantri. This is simply the best website for loan comparison. I just needed to create my profile (which is automated, free and very easy, by the way), and a list of home loans I was eligible for appeared on the page. I compared all the rates and decided to settle for Magma housing loan. They offered the lowest interest rate, documentation is kept to the minimum, representatives are friendly. What more do I say? Thanks CreditMantri!"