Home Loans in Dehradun and nearby areas of Uttarakhand from banks and financial institutions like HDFC, SBI, PNB, IIFL, Bank of Baroda, Indiabulls housing finance are quite easily available now. The home loan interest rate starts from 8.45% whereas the processing fees are nominal starting from 0.25% + GST.
Compare various banks and the home loan interest rates that they are offering for different requirements. Let’s have a look below to know the same:
|Name of Lender||Up to Rs. 30 Lakh||Above Rs. 30 Lakh to Rs. 75 Lakh||Above Rs. 75 Lakh|
|SBI||8.75% - 9.50%||8.75% - 9.40%||8.75% - 9.40%|
|HDFC||8.65% - 9.35%||8.65% - 9.35%||8.65% - 9.35%|
|LIC Housing Finance||8.30% - 10.00%||8.00% - 10.20%||8.00% - 10.40%%|
|ICICI Bank||8.75% - 9.85%||8.75% - 9.85%||8.75% - 9.85%|
|Kotak Mahindra Bank||8.65% - 9.45%||8.65% onwards||8.65% onwards|
|Punjab National Bank||8.60% - 9.35%||8.55% - 9.25%||8.55% - 9.25%|
|Bank of Baroda||8.60% - 10.35%||8.60% - 10.70%||8.45% - 10.70%|
|Union Bank of India||8.60% -10.50%||8.60% -10.70%||8.60% -10.70%|
|IDFC First Bank||8.75% – 8.90%||8.75% onwards||8.75% onwards|
|L&T Housing Finance||8.40% - 8.60%||8.40% - 8.60%||8.40% - 8.60%|
|Bajaj Housing Finance||8.30% onwards||8.30% onwards||8.30% onwards|
|Godrej Housing Finance||8.39% -10.99%||8.39% -10.99%||8.39% -10.99%|
|Tata Capital||8.60% onwards||8.60% onwards||8.60% onwards|
|Federal Bank||8.37% – 9.60%||8.37% – 9.65%||8.37% - 9.70%|
Additional Info: Best Home Loan Interest Rates @8.45%
Home loan in Dehradun and neighbouring areas start from 8.45% and can go on upto 14%:
|Home Loan Parameters||Home Loan Details|
|Interest Rate||8.45% - 14.00%|
|Processing Fee||0% to 1.25 % of the loan amount|
|Tenure/ Repayment||Maximum 30 years|
Tip: 50 Lakh Home Loan EMI Interest Rate 2023 before applying for a loan
There are more than 30 banks and financial institutions that can give you the best home loans in Dehradun and other nearby areas of Uttarakhand. Here we are mentioning some of those lenders which give lucrative deals on your home loans.
PNB HFL starts giving home loans in Dehradun from Rs 8 lakh onwards and takes approximately 10 days to process. The minimum home loan rate of interest in Dehradun is 8.50% for salaried and 8.60% for self-employed professionals whose CIBIL or credit score is more than 800.
HDFC or HDFC Limited caters to home loan in Dehradun under different loan slabs based on the requirement amount of home loan. There are different home loan interest rates for women that can benefit you greatly if one co-applicant of your home loan is a woman.
|Loan Slab||Home Loan Interest Rates (in % p.a.)|
|For Women* (upto 30 Lakhs)||8.60 - 9.10|
|For Others* (upto 30 Lakhs)||8.65 - 9.15|
|For Women* (30.01 Lakhs to 75 Lakhs)||8.85 - 9.35|
|For Others* (30.01 Lakhs to 75 Lakhs)||8.90 - 9.40|
|For Women* (75.01 Lakhs & Above)||8.95 - 9.45|
|For Others*(75.01 Lakhs & Above)||9.00 - 9.50|
LIC Housing Finance gives 7 different types of home loans in Dehradun or any other place. The starting home loan interest rate starts from 8.50% for people having a CIBIL score more than 800 and are salaried. For people whose CIBIL score is less than 600 and are self-employed, for them the home loan interest rate in Dehradun is around 9.40%.
Bajaj Housing Finance offers attractive Home Loan interest rates starting at 8.30%* for salaried and professional individuals. Borrowers also have the advantage of availing of a sizable sanction with minimal documentation and quick processing and approval.
With 13 types of home related loans Aadhar Housing Finance home loan interest rate is one of the good options.
|Customer Type||Home Loan Interest Rate*|
|Salaried - Home Loan||11.75% to 16.50%|
|Self-Employed - Home Loan||12.75% to 17.00%|
|Loan against Property||15.00% to 17.00%|
Getting a home loan in Chandigarh is easy with Aditya Birla Housing Finance home loans. Below is the home loan interest rate based on salary.
|Home Loans||Salaried||Self Employed|
|Rate of Interest||8.50% to 13.00%||9.25% to 13.50%|
This financial institution offers home loans, loan against property, and project finance services, as well as provides a range of financial assistance to prospective homeowners. SHFL serves customers in India. The home loan interest rate starts from 9.5% and you can get almost 90% of your property cost as a loan.
With 6 types of home loans schemes, the home loan interest rate at Sundaram home finance in Dehradun starts from 8.65% p.a.
|Details||Interest Rate/ Fees|
|For general customer||8.65%|
|For women customers||8.65%|
|Processing Fee||Maximum upto 0.50% + GST|
IIFL Home Loans progressively works towards facilitating affordable home loans to first time homebuyers of the country. Through a wide network of branches, backed by a digital infrastructure and social development intent, the Company caters to the evolving home finance needs of marginalized sections across the length and breadth of the nation.
The IIFL home loan interest rate in Dehradun starts from 8.20% p.a.
Indiabulls Home Loans offers customers competitive interest rates that will make it easier to own a home of choice. The home loan interest rate at Indiabulls Housing Finance in Dehradun start from 8.95% p.a.
State Bank of India is one of the premier banks of India and so to get a home loan in Dehradun is very easy with SBI. The cheapest SBI home loan interest rate is 8.75% and the maximum tenure for which home loan can be availed is 30 yrs. The loan disbursement process can take upto 3 weeks in SBI home loan Dehradun.
Axis bank home loan in Dehradun is one of the most searched options to get a home loan. The home loan interest rate varies depending upon the applicant profile, salary and credit score.
They offer 5 home loan products in Dehradun. You can get home loan, loan against property, land purchase and home construction loans, home loans balance transfer from Aavas housing in Dehradun. The interest rate for home loan starts from 8.50% p.a. with a processing fees of upto 2% plus GST. The maximum tenure can be no more than 30 years.
Additional Info: Also Check Best Banks for Home Loan in India in 2023
|Loan Type||Effective ROI (p.a.)|
|Home Loan||8.30%* to 14.00%*|
|Home Loan (Balance Transfer)||8.30%* to 14.00%*|
|Top Up||9.20%* to 15.00%*|
|Type||Repo Rate + Spread||Effective Rate of Interest|
|Floating Rate||Repo Rate + 2.70% to Repo Rate + 3.05%||8.60% - 8.95% p.a.|
|Fixed Rate||All Loan Amounts||14% p.a.|
|Loan Type||Effective ROI (p.a.)|
|Home Loan||8.55%* to 14.00%*|
|Home Loan (Balance Transfer)||8.90%* to 14.00%*|
|Top Up||9.40%* to 15.00%*|
|Type||Repo Rate + Spread||Effective Rate of Interest|
|Floating Rate||Repo Rate + 2.80% to Repo Rate + 3.15%||8.70% - 9.05% p.a.|
|Fixed Rate||All Loan Amounts||14% p.a.|
Additional Info: Also check Home Loan for Salaried Employees
There are more than 10 types of home loans offered in Dehradun. Have a look below to understand what different types of home loans you can take from banks and other financial institutions(FIs) or NBFCs(non-banking financial institutions)
|Types of Home Loan||Purpose of Home Loan|
|Home Loan||This type of loan is taken to purchase residential property like flats and apartments.|
|Loan against Property||Get a loan by pledging your property to the bank.|
|Home improvement Loan||This loan is taken for house renovation related activities like painting, wiring revamp etc.|
|Home Extension Loan||This type of loan is taken to extend an already existing loan. For example to build a floor, room and balcony.|
|Land purchase Loan||This type of loan is taken to purchase a land. The construction of property should be completed within a fixed timeline.|
|House construction Loan||This type of loan is taken to construct a house.|
|Home Loan Balance Transfer||Home loan balance transfer is used to transfer the existing home loan to a lower interest rate reducing the overall outgo in process.|
|Pre-approved Home Loan||This type of pre-approved home loan is given by banks and lending institutions to their existing customers on the basis of their credit worthiness and income.|
|Home Loan Top-ups||This is given as an extra loan on your existing home loan.|
|Home loans for NRI||This type of home loan is suitable for people who live outside India but are willing to construct a house in India.|
|Home Loan Overdraft||Home loan overdraft allows borrowers to get more loan amount linked to their savings and current account.|
Also Read - LRD Loans
Home Loan is a secured loan where the bank keeps possession of your home papers till the repayment is done. Let’s have a glance at some features of home loan in Dehradun:
Additional Info: Check 30 Lakh Home Loan EMI Apply Online.
To be eligible for home loan in Dehradun there are some requirements. Let’s see what are those requirements that will allow you to have your dream home in Dehradun:
Additional Info: Also check Home Loan Eligibility
Below are the list of documents needed to get a home loan in Dehradun:
Additional Info: Also check Documents Required For Home Loan
Property loans or Mortgage loans in Dehradun is another term for home loans in Dehradun. So, if you are in need of any type of mortgage loan ie. home loan in Dehradun then you are reading just the article where you will get all the information correctly.
Also Check: SBI Plot Loan
Before getting a home loan, you must first figure out the property that you want to buy. Don’t worry, we have got you covered as we are enlisting some popular localities in Dehradun and their property rate.
|Locality Name||Price range in Rs/Sq. ft|
|Indra Nagar Colony||5950|
Source : Real estate websites
Additional Info: Also check HDFC Plot Loan
Lowest home loan interest rate in Dehradun is 7.80%. With the recent rate hike trend it is assumed that the search for cheapest home loans in Dehradun might take a while.
Till then you can have a look at these banks / NBFCs and the home loan interest rates that they offer:
|Banks/NBFCs||Home Loan Interest Rate|
|LIC HFL||8.30% onwards|
|Kotak Bank||8.65% onwards|
Home loan can be needed for multiple scenarios like loan against property in Dehradun, loan against power of attorney property in Dehradun, and many more. So, there is no particular best home loan for all but it will depend on the exact requirement of the customer to decide which type of home loan can best cater to their requirements.
You can get Rs 10 Crore home loan maximum in Dehradun. If you still need more loan then you can do so after a brief interaction with the bank through which you want your loan to be serviced or disbursed. Normally banks don’t have any problem till they see that your credit score is up to the mark and your credit report is credit worthy.
It takes anything between 7 to 21 days in order to get a home loan in Dehradun.
The lowest home loan interest rate in Dehradun is 8.40% p.a. Currently it is offered by SBI.
If your monthly salary is more than Rs 25000 then you can get a home loan in Dehradun.
Why only Dehradun? You can apply for a home loan from anywhere in India using our website MyMoneyMantra.com or you can directly visit the link https://www.mymoneymantra.com/home-loans and fill the form with your exact requirements.
All banks take almost similar time in disbursing your home loan amount. It takes from 7 to 21 days to get your home loan amount.
No, You can never get 100% home loan on your dream home. At least you have to pay around 20-30% as down payment at the time of booking on the home.
Normally to buy a new home, a down payment of 10% of the total cost of the property is required. But it is always advisable to go for a minimum home loan amount by paying around 20% to 30% as down payment to the builder.
Plot loans are available for only a residential plot unlike home loans which are available on all properties. The maximum Loan to Value (LTV) when it comes to plot loans is stipulated at 70%. For home loans, the LTV can go up to 90% in some cases.
Yes, you can prepay your home loan easily by paying a nominal fee as prescribed by the respective bank in case any.
It must be made clear that even Home Loans are a type of mortgage loan; wherein the property you seek a loan is considered a collateral for the sanction.
Yes, they can be increased if there is any room for doing so. Home loans have a long tenure of 15 years and above. During it you will encounter many interest-rate cycles. “Borrowers can either opt for the tenure increase option or the EMI increase option with the consent of the lender. Opting for tenure increase will result in higher interest cost than the EMI increase option.
If you are self-employed then yes your income tax returns will be needed to avail a home loan.
You can now apply for Top-Up on your existing Home Loan and use the funds to fulfill a host of requirements such as home renovation, marriage expenses, business expansion, funding of your child’s higher education or any other personal need with a combination of overdraft facilities.
What’s more, if you have an existing Home Loan with ICICI bank then applying for a Top-Up loan gets simpler, hassle- free and with minimal documentation.
Yes, you can get a home loan with a Rs 50000 salary.
No, you cannot get a home loan with a salary of Rs 15000.
The EMI for a Rs 20 lakh home loan at an interest rate of 8.5% p.a. For a tenure of 30 years is Rs 15,258.
Any bank or financial institution that gives a special home loan interest rate to government employees is best for govt employees.
Rs 24,618 is the EMI that you have to pay for a home loan of Rs 25 lakhs for a tenure of 15 yrs.
Below are the requirements that will allow you to have your dream home in Dehradun:
The fixed home loan rate in Dehradun starts from 8.45% and can go on to be 14% in some cases depending upon the credit score of the home loan applicant.
The EMI for a Rs 20 lakh home loan at 8.00% p.a. For a tenure of 20 years id Rs 16,729.
Yes, you can repay you home loan early and save a lot of total amount on the lumpsum you were earlier supposed to pay to the bank.
You can get around 80% of the property value as loan amount to purchase a house in Dehradun.
A credit score of 750 and above is considered good to get a home loan in Dehradun.
You can get a loan of up to 100 per cent of the construction value, with a maximum of 90 percent of market value using Home Construction Loans at banks like HDFC.
It depends on which house you are planning to buy and whether you are a resident of Uttarakhand. If the total cost of the house is lower than Rs 1 Cr then yes this is enough. If the home you desire is priced higher than Rs 1 Crore then No, even this amount is not enough and you will eventually have to take a home loan to buy your dream home.