Home Loans in Pune
Best home loans in Pune are offered by various banks and financial institutions like HDFC, SBI, PNB housing finance, IIFL, Aadhar housing finance, Indiabulls housing finance. The home loan interest rate starts from 7.35% whereas the processing fees are nominal starting from 0.25% + GST.
Compare Home Loan Interest Rate Offered by Various Banks & HFCs in Pune
When you are looking to get a home loan in Pune, the first thing to do is to compare various banks and the rates at which they are offering home loan interest rates.
Let’s have a look below to know the same:
| Bank Name | Interest Rate (%) | Processing Fee |
|---|---|---|
| HDFC Bank | 7.90% - 9.00% | Up to 0.50% of the loan amount + applicable taxes |
| HSBC Bank | 8.50% | Up to 1.00% of the loan amount + applicable taxes |
| Kotak Mahindra Bank | 8.20% | Up to 0.50% of the loan amount + GST |
| IDFC Bank | 8.85% | Upto Rs.3,000 |
| PNB Housing Finance | 8.25% | Up to 1% of loan amount + GST |
| Federal Bank | 9.15% | 0.50% of loan amount |
| Bajaj Finserv | 7.49% - 17.00% | Up to 7% of loan amount + GST |
| L&T Housing Finance | 8.65% | Up to 0.25% of loan amount + GST |
| ICICI Bank | 8.00% | 0.50% - 2.00% of the loan + applicable taxes |
Home Loan Interest Rate in Mumbai
Home loan in Pune and neighbouring areas start from 7.90% and can go on upto 14%:
| Home Loan Parameters | Home Loan Details |
|---|---|
| Interest Rate | 7.35% |
| Processing Fee | 0% to 1.25 % of the loan amount |
| Tenure/ Repayment | 1-30 years |
Top Housing Finance Companies in Pune
There are more than 30 banks and financial institutions that can give you the best home loans in Pune. Here we are mentioning some of those lenders which give lucrative deals on your home loans:
Repco Home Finance Home Loan in Pune
The rate of interest starts from 8.10% p.a. for home loans. There are 2-3 types of mortgage loan schemes at Repco Home Finance in Pune.
PNB Housing Finance Limited Home Loan in Pune
PNB HFL starts giving home loans in Pune from Rs 8 lakh onwards and takes approximately 10 days to process. The minimum home loan rate of interest in Pune is 8.50% for salaried and 8.60% for self-employed professionals whose CIBIL or credit score is more than 800.
HDFC Home Loan in Pune
HDFC or HDFC Limited caters to home loan in Pune 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 Limited Home Loan in Pune
LIC Housing Finance gives 7 different types of home loans in Pune or any other place. The starting home loan interest rate starts from 7.50% 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 Pune is around 9.40%.
Bajaj Housing Finance Pune
Bajaj Housing Finance offers attractive Home Loan interest rates starting at 7.45% - 18.00% for salaried and professional individuals. Borrowers also have the advantage of availing of a sizable sanction with minimal documentation and quick processing and approval.
Aadhar Housing Finance Pune
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% - 17.00% |
| Self-Employed - Home Loan | 12.75% to 17.00% |
| Loan against Property | 15.00% to 17.00% |
Aditya Birla Housing Finance
Getting a home loan in Pune 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 | 8.25% | 9.25% to 13.50% |
Indiabulls Housing Finance Pune
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 Pune start from 8.75% p.a.
SBI Home Loan Pune
State Bank of India is one of the premier banks of India and so to get a home loan in Pune is very easy with SBI. The cheapest SBI home loan interest rate is 7.50% - 8.45% 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 Pune.
Axis Bank Home Loan
Axis bank home loan in Pune 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.
Additional Info: Also Check Best Banks for Home Loan in India in 2025
Home Loan Interest Rate in Pune for Salaried and Professional Individuals
| 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%* |
Interest Rate For Salaried Individuals in Pune
| 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. |
Home Loan Interest Rate For Self Employed Individuals in Pune
| 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%* |
Interest Rate For Self Employed Individuals in Pune
| 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
Types of Home loans offered in Pune
There are more than 10 types of home loans offered in Pune. 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 creditworthiness 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. |
Mortgage Loans in Pune
Mortgage loans in Pune is another term for home loans in Pune. So, if you are in need of any type of mortgage loan ie. home loan in Pune then you are reading just the article where you will get all the information correctly.
Also Check: SBI Plot Loan
Features and Benefits of Home Loan in Pune
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 Pune:
- Home loans in Pune are usually offered at a minimum interest rate of 7.80% p.a.
- Tenures may be up to 30 years.
- LTV ratio: 80%-90% of the cost of property.
- Facilities like top-ups, overdraft and home loan balance transfer to existing home loan borrowers are easily available.
- Selected existing bank customers are offered pre-approved instant home loans.
- No prepayment charges.
- Pradhan Mantri Awas Yojna for economically weaker sections, middle income groups and low income groups with interest subsidy of up to Rs 2.76 lakh
Additional Info: Check 30 Lakh Home Loan EMI Apply Online.
Eligibility Criteria of Home Loans in Pune
To be eligible for home loan in Pune there are some requirements. Let’s see what are those requirements that will allow you to have your dream home in Pune:
- Applicant’s nationality: Indian Resident, PIO, NRI
- Age- 21 years up to 70 years at the time of loan maturity
- Work experience: At least 3 years for salaried and self-employed
- Applicant’s job profile: Salaried (government and corporate professionals)/Self-Employed Non-Professionals (contractor, trader, commission agent)/Self-Employed Professionals (Doctors, CS, lawyers, CA, architect, consultant, engineer
- CIBIL/Credit score should be 750 and above for increased chances of availing home loan and at lower interest rates
Additional Info: Also check Home Loan Eligibility
Documents Required for Home Loan in Pune
Below are the list of documents needed to get a home loan in Pune:
Home loan Documents For Salaried Loan Applicants
- Proof of Identity: PAN Card/Driving License/ Voter ID/Passport/Aadhar Card.
- Proof of address: Passport/Utility bill/Aadhar card
- Proof of Income: Latest salary slip/ ITR/Form-16
- Bank Statement: Last 3 months bank statement/ last 6 months bank passbook.
- Property Documents: Agreement sale copy, Certificate of possession, Land tax receipt, the detailed cost of construction, Letter of allotment, Original NOC.
Additional Home Loan Documents for Self-Employed Applicants
- Business profile
- Recent Form 26AS
- Income Proof: ITR with income computation for past 3 years
- Memorandum and Articles of Association of the company
- Balance sheet and profit & loss account statement for last 3 years
- Current account statement of business entity
- Savings account statement of individual for past 6 months
Additional Info: Also check Documents Required For Home Loan
FAQs
Home loan can be needed for multiple scenarios like loan against property in Pune, loan against power of attorney property in Pune, 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.
It takes anything between 7 to 21 days in order to get a home loan in Pune.
The lowest home loan interest rate in Pune is 7.50% - 8.45% 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 Pune.
Why only Pune, 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.
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.
If you are self-employed then yes your income tax returns will be needed to avail a home loan.
Reshma Rawat is a passionate writer, with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra, and writes blogs & webpages on financial products (loans, credit cards, insurance, financial policies by government, mutual funds, etc.
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