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CreditMantri Finserve Private Limited
CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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Home loans at banks and NBFCs in Nagpur can be availed for long tenure periods. Get the ability to save on interest. Personalize your loans as per your request. Simpler documentation and transparent processing. Apply now!
Processing Fee
10,000₹*
Max Tenure
5 yrs
Best Rate
7.35%
Features
Pricing
Documents Required
Processing Fee
0%*
Max Tenure
30 yrs
Best Rate
6.90%
Features
Pricing
Documents Required
Processing Fee
3-5%
Max Tenure
15 yrs
Best Rate
12%
Features
Pricing
Documents Required
Processing Fee
Rs. 10,000/-*
Max Tenure
30 yrs
Best Rate
8.65%
Processing Fee
0.25%
Max Tenure
NA
Best Rate
8.33%
Processing Fee
2%
Max Tenure
15 yrs
Best Rate
15%
Processing Fee
NIL
Max Tenure
30 yrs
Best Rate
9.65%
Processing Fee
Nil
Max Tenure
20 yrs
Best Rate
9.1%
Processing Fee
0.25%*
Max Tenure
25 yrs
Best Rate
8.70%*
Processing Fee
Rs.5000/-*
Max Tenure
30 yrs
Best Rate
8.70%
Processing Fee
Rs.9500/-*
Max Tenure
15 yrs
Best Rate
12%
Processing Fee
1%*
Max Tenure
20 yrs
Best Rate
12%
Processing Fee
1.50%
Max Tenure
60 months
Best Rate
10.75%
Processing Fee
0.25%*
Max Tenure
20 yrs
Best Rate
9.75%
Processing Fee
Rs. 10,000/-*
Max Tenure
30 yrs
Best Rate
8.40%
Processing Fee
1.5%
Max Tenure
20 yrs
Best Rate
10.50%
Processing Fee
NIL
Max Tenure
25 yrs
Best Rate
8.70%
Processing Fee
Rs.2500/-*
Max Tenure
25 yrs
Best Rate
8.70%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
8.30%
Processing Fee
10,000₹*
Max Tenure
nil*
Best Rate
8.50%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
8.55%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
8.55%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
8.30%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
8.35%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
8.30%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
8.30%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
9.7%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
8.25%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
8.25%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
8.45%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
8.30%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
8.65%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
10.30%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
8.50%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
8.35%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
nil*
Processing Fee
nil*
Max Tenure
nil*
Best Rate
10..0%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
9.35%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
8.60%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
8.65%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
8.60%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
9%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
9.00%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
9.70%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
8.55%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
8.55%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
9.00%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
9.10%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
10.10%
Processing Fee
1.50%
Max Tenure
30 yrs
Best Rate
9.1%
Processing Fee
nil*
Max Tenure
nil*
Best Rate
Processing Fee
nil*
Max Tenure
NA
Best Rate
Nagpur is one of the prime cities in the state of Maharashtra. Nagpur has a huge industrial belt and a good mix of rural and urban populations. One of the prominent recognition of the city of Nagpur is the abundance of the supply of oranges in the city. Therefore, the city is famously known to be the ‘Orange City’ of the country.
Apart from the agricultural produce the city also has a huge historical, cultural and economic importance for the state. The real estate sector in the city is quite huge and booming. After the recent pandemic, the government also has taken many measures to boost the real estate sector and aims to provide affordable housing to every citizen of Nagpur.
For this, residents can apply for home loans from several private and public banks and other HFCs. These loans are provided to eligible applicants after they meet all the eligibility criteria set by such lenders.
The details of home loans in Nagpur are mentioned hereunder.
| Category | Details |
|---|---|
Quantum of loan | Up to 90% of the cost of the property (subject to the annual income of the applicant) |
Tenure | Maximum up to 30 years (subject to maximum age at the time of maturity) |
Rate of interest | 6.6% - 10% approximately |
Processing fees | Up to 2% of the loan amount depending on the lender |
Part payment of loan | Permitted only after completion of 6 months from receiving the loan. Penalty up to 5% of outstanding loan amount |
Prepayment of loan | Permitted only after completion of 6 months from receiving the loan. Penalty up to 5% of outstanding loan amount |
Documentation | Minimum Documentation |
Home loan in Nagpur is available is through leading banks as well as NBFCs. These lenders provide loans at quite attractive interest rates and the processing costs of these loans are also low. The top lenders in the city and their interest rates are mentioned below.
| Lender | Interest rate |
|---|---|
HDFC Bank | 6.75% - 7.65% |
SBI | 6.80% - 7.15% |
Bank of Baroda | 6.75% - 8.25% |
Kotak Mahindra Bank | 6.60% - 7.20% |
Union Bank of India | 6.70% - 7.10% |
Axis Bank | 6.90% - 8.55% |
Bank of Maharashtra | Starting from 6.90% |
LIC Housing | Starting from 6.60% |
Karnataka Bank | 7.50% - 9.57% |
Indian Overseas Bank | Starting from 6.90% |
ICICI Bank | 7.15% - 7.55% |
Central Bank of India | Starting from 6.85% |
Bajaj Finserv | Starting from 6.75% |
TATA Capital | Starting from 6.90% |
PNB Housing | 7.35%- 9.55% |
Indiabulls Housing | Starting from 8.65% |
Aditya Birla Capital | 9% - 12.50% |
Home loans are one of the most common types of loans available in the market. These loans can be applied easily by any eligible person. The application can be done through an online or offline process depending on the convenience of the applicant. The details of each process are mentioned below.
Offline mode
The offline process of home loan application is when the applicant visits the nearest branch of the bank or NBFC and applies for the loan there. Applicants can take the help of the branch executives to get the application form and fill the same.
This application form has to be submitted along with the required set of documents as per the lender’s policies.
After successfully submitting the application, it will be verified by lenders and if the applicant meets all the eligibility parameters, then the loan will be sanctioned.
The amount of loan will be disbursed to the applicant within 7 to 30 days depending on the lender.
Online mode
Online applications for home loans can be done through the website of the bank, or through the mobile banking facility.
1. What is the minimum age to apply for a home loan?
A. The minimum age to apply for a home loan is 18 years (21 years in the case of certain lenders).
2. What is the maximum age for home loan eligibility?
A. The maximum for home loan eligibility is 70 years (at the time of maturity of the loan).
3. What is the deduction under section 24 of the Income Tax Act?
A. Under section 24 of the Income Tax Act, the borrowers can get a deduction of up to Rs. 2,00,000 for the interest amount paid during the year on the home loan EMIs.
4. What are the common types of home loans available in Nagpur?
A. The common types of home loans available in Nagpur are,
5. What is the basic income required to qualify for a home loan?
A. The basic income required to qualify for a home loan is usually Rs. 25,000 per month for salaried applicants and Rs. 2,50,000 – Rs. 3,00,000 per annum for self-employed applicants.
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