Loans » Home Loan » Home Loan in Pune

Home Loan in Pune

Pune is a historical city in Maharashtra. Of late it has become main hub of Software Companies in Maharashtra. It also attracts more and more students to complete their higher studies in different fields. Due to these reasons the demand for residential and commercial properties has been growing steadily in the recent past. This demand in residential house property in Pune has resulted in expansion of Pune City beyond its old boundaries.

Likewise due to increased commercial activities to cater to the needs of increasing population, the demand for commercial properties has also gone up substantially in the city of Pune. So the increased demand for residential as well as commercial properties in Pune has resulted in demand of home loans in Pune going up substantially during the recent times. The increased demand for home loan has come from builders in the form of construction finance and from individual in the form of home loans in Pune.

Home Loan Interest Rates

Bank Name
Interest Rate
Tenure
Other Details
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bob-home-loan
8.30%
10 – 30 Years
Rs.10L – Rs.10Crs
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sbi-home-loan
8.30%
10 – 30 Years
Rs.20L – Rs.10Crs
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lic housing loan
9.80%
10 – 30 Years
Rs.1L Min
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hdfc-home loan
8.35%
10 – 30 Years
Rs.5L – Rs.10Crs
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pnb-housing
8.50%
10 – 30 Years
Rs.5L Min
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kotak-mahindra-bank
8.75%
10 – 30 Years
Rs.20L Min
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indiabulls
8.35%
10 – 30 Years
Rs.2L – Rs.3Crs
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icici-bank
8.35%
10 – 30 Years
Rs.5L – Rs.10Crs
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hsbc-bank-home-loan
9.35%
10 – 25 Years
Rs.3L – Rs.10Crs
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dhfl
8.35%
10 – 30 Years
Rs.1L – Rs.5Crs
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axis-bank-home-loan
8.85%
10 – 30 Years
Rs.5L – Rs.10Crs
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city-bank-home-loan
8.60%
10 – 30 Years
Rs.5L – Rs.10Crs
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standard-charterd-home-loan
8.90%
10 – 30 Years
Rs.10L – Rs.15Crs
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dbs-bank-home-loan
8.50%
10 – 30 Years
Rs.3L – Rs.5Crs
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indian-overseas-home-loan
8.65%
10 – 30 Years
Rs.15L – Rs.5Crs
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idbi-bank-home-loan
8.55%
10 – 30 Years
Rs.5L – Rs.10Crs
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yes-bank-home-loan
9.35%
10 – 25 Years
Rs.5L – Rs.5Crs
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l&t-finance-home-loan
9.90%
10 – 20 Years
Rs.3L – Rs.10Crs
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uco-bank-home-loan
8.75%
10 – 30 Years
Rs.15L – Rs.5Crs
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dena-bank-home-loan
8.55%
10 – 30 Years
Rs.20L – Rs.10Crs
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ubi-home-loan
8.60%
10 – 30 Years
Rs.15L – Rs.5Crs
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obc-bank-home-loan
8.60%
10 – 25 Years
Rs.30L – Rs.10Crs
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iifl-home-loan
9.40%
10 – 30 Years
Rs.10L – Rs.5Crs
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idfc-home-loan
8.70%
10 – 30 Years
Rs.10L – Rs.10Crs
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boi-home-loan
8.65%
10 – 30 Years
Rs.5Crs Max
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ald-bank-home-loan
8.75%
10 – 30 Years
Rs.15L – Rs.5Crs
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rbl-bank-home-loan
10.30%
10 – 25 Years
Rs.10Crs Max
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deutsche-bank-home-loan
9.45%
10 – 30 Years
Rs.10Crs Max
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relience-home-loan
9.55%
10 – 25 Years
Rs.15L – Rs.5Crs
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syndicate-bank-home-loan
8.75%
10 – 30 Years
Rs.5L Min
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maharashtra-bank-home-loan
8.75%
10 – 30 Years
Rs.15L – Rs.10Crs
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andhra-bank-home-loan
8.70%
10 – 30 Years
Rs.25L – Rs.10Cr
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Eligibility for Home Loan and Documents Required

The home loan eligibility is decided in the basis of your annual income. The lenders generally presume certain percentage of your income available for servicing the home loan. Generally the lenders consider that around 405 to 45% of your monthly income can be used for paying the EMIs of various loans including home loan. For salaried people the form no, 16 issued by the employer is sufficient enough to establish your home loan eligibility even if you have not filed your income tax returns. However in case you are self employed, the home loan lender will ask you to submit your income tax returns as well and profits and loss account and balance sheets. In addition to the proof of income you need to provide the basic documents for your identity and address.

Home Loan Banks in Pune

To cater to the demand of home loans in Pune many housing Finance Companies as well as banks have set up their branches in and around the newly coming up areas like Hinjewadi, Wakad etc. Amongst various housing finance companies providing home loans in Pune leading are Dewan Housing Finance Company Limited, Indian Bulls home loans, HDFC Limited, LIC Housing Finance Companies and Home first Finance Company.

Among the banks which are active in providing home loans in Pune are the leading public sector bank State Bank of India is leading as well as the private Sector Banks like Axis Bank Limited and ICICI Bank Limited are equally aggressive in Pune Home loan Segment.

The home loans in Pune are available for all the purposes related with your house and not necessarily with only buying a house. So you can get your old house repaired with the help of home loan in Pune. In case you own a plot of land around Pune you can take a home loan to construct a new house on the same plot of land.

Since the new areas have come up with newly constructed properties for which the builders developers have already taken construction finance, it is quicker for your home loan application to be processed as the due diligence for title of the land and the builder must have already been over. In most of the cases of ready to move in houses, many of people would already have taken home loan for buying house in the same building where you are contemplating buying a house.