All About Home Loan Coimbatore
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Nowadays, availing a loan to buy a home is no more a difficult task as one can avail a Home Loan. It is a loan that offers financial support to people. The people who want to buy a home but do not have adequate funds for it can easily avail this loan.
Home Loan Coimbatore Interest Rates:
|Punjab National Bank||Standard Chartered Bank||Axis Bank|
Why should one apply for Home Loan in Coimbatore?
- It involves quick procedures and fast processing.
- One can acquire the Loan amount ranging from 10 lakhs to one crore.
- It is sanctioned for a period of 15 to 20 years.
- It is the best way to convert the dream of owning a home into reality.
- It is a secured loan that demands to place a security with the lender.
Eligibility for Home Loan Coimbatore
Understand your loan eligibility:
All Home finance companies refer to their own EMI table when calculating the EMI payments. This table lists the monthly EMIs per lakh, for different tenures and rate of interests.
(Assumed) Income available for EMI payments
(i.e. 55% of 30,000)(Rs)
Rate of Interest(%)
EMI per lakh(Rs)
Home Loan Eligibility (Rs)
Following are other factors helping in the evaluation of home loan eligibility:
- Nature of Job of Individual
- Location of the Property
- Personal Details of individual
Documents for Home Loan Coimbatore
Common Documents Required For Home Loan
- Valid Address Proof : Voter Card, Ration Card, Aadhaar Card, Driving License and so on.
- Age proof : Voter Card, Ration Card, Aadhaar Card, Driving License and so on.
- Last six months Bank account statement
- Income proof and passport size photograph of the applicant and co-applicant
For Salaried customers:
- Employment certificate from the employer
- Form 16
- Copies of pay slip for last few months and TDS certificate
- If it is a partnership firm then copy of partnership deed or copy of memorandum of association; and articles of association if it is a company.
- Copy of audited financial statement for last two years
- Income tax assessment order
- Profit and loss details for last few years
A customer must understand and agree with each of the clauses in the documents before agreeing to sign the loan deal. Before signing the Home Loan documents, recheck all terms and conditions.
Coimbatore is sited on the banks of the Noyyal River, surrounded by the Western Ghats. It is situated in Tamil Nadu and referred as “Manchester of South India”.
|Other Leading Loan Options in Coimbatore (Click to Apply)|
|Gold Loan Coimbatore||Car Loan Coimbatore||Personal Loan Coimbatore|
Special Note: Bank does not provide Home Loan or Loan Against Property to B Khata Property.