Home Loan Meerut

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Turn your dream home into reality

Rates as low as 6.90%*
Loans Up to 15 Crore
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Home Loan Meerut

Best Banks For Home Loan Meerut

Feature Bank of Baroda IDFC First Bank SBI
Interest Rate 7% - 8.35% 7% - 8% 6.95% - 7.45%
EMI/Lakh Rs. 665 Rs. 665 Rs. 659
Max Loan Amt Upto 10 Cr. Upto 5 Cr. Upto 7 Cr.
Loan Tenure Upto 30 years Upto 30 years Upto 30 years
Processing Fee 0.25% - 0.50% of loan amount + GST 0.25% - 0.50% of loan amount + GST 0.20% of loan amount + GST
Preclosure Charges No prepayment charges for floating rates No prepayment charges for floating rates No prepayment charges for floating rates

Home Loan Meerut Features

Home Loan MeerutWant to move into a new flat? You can apply for a Home Loan to cover up to 90% of the purchasing expenses! In basic terms, it is a loan that is taken to either buy or to construct a new home. Here, the property for which the loan is taken is not owned by the loan applicant. A home loan is not only available for buying a home or constructing one but also the applicant who is taking the loan can use different schemes for a home loan offered by the bank for extensions, plot purchase, renovation, and many other things related to home property.

The loan available on the following types of property:

  • New flat
  • Ready to Move-in House
  •  Plot From MHADA, DDA, etc.
  • Home construction
  • Home extension
  • Home renovation

Home Loans under Pradhan Mantri Awas Yojana are also available in Meerut

Please find more information on Eligibility bellow or by visiting Dialabank online.

Home Loan Meerut Interest Rates

Top 10 banks offering the lowest home loan interest rates for salaried individuals

Bank Name RLLR Minimum Home Loan Rate Interest Rate (%) Maximum Home Loan Rate Interest Rate (%)
Union Bank of India 6.8 6.7 7.15
Bank of India 6.85 6.85 7.15
Central Bank of India 6.85 6.85 7.3
Canara Bank 6.9 6.9 8.9
Punjab & Sind Bank 6.9 6.9 7.25
Private Bank 6.95 6.95 7.95
SBI Term Loan 6.65 6.95 7.45
Bank of Baroda 7 7 8.35
IDFC First Bank 7 7 8
Bank of Maharashtra 7.05 7.05 8.35
HDFC Bank 6.95 6.95 8.2

Home Loan Meerut Documents Required

Salaried Individual:

Valid ID and Residence Proof: A copy of Proof of Identity and Residence such as Aadhaar, PAN, Driving License, Passport, Voter ID, etc.

Income Proof:

  • Bank Statements showing salary credits from the last 6 months.
  • Latest Salary Slips from the last 3 months.
  • Latest Form-16 and IT returns
  • Employment Contract/Appointment Letter if the current employment is less than a year old.

Property Related Documents:

  • A cheque for processing fee favoring ‘The Particular Bank.’
  • Copy of the Buyer Agreement/Allotment Letter
  • Receipt/(s) of payment/(s) made to the developer

Self Employed Individual:

Valid ID and Residence Proof: A copy of Proof of Identity and Residence such as Aadhaar, PAN, Driving License, Passport, Voter ID, etc.

Income Proof:

  • Bank Statements showing salary credits from the last 6 months.
  • Business Profile and Previous 3 years Income Tax returns (Both self and business)
  • Previous 3 years Profit/Loss Account and Balance Sheet.

Proof Of Business: 

  • Educational Qualifications Certificates
  • Business achievements (Certificate or awards if any)

Property Related Documents:

  • A cheque for processing fee favoring ‘The Particular Bank.’
  • Copy of the Buyer Agreement or Allotment Letter 
  • Receipt/(s) of payment/(s) made to the developer

Agriculturists:

KYC Proof – PAN Card (Mandatory) and any of Driving License/Voter ID/Passport

Income Proof:

  • Bank Statements showing salary credits from the last 6 months.
  • Copies of title documents of agricultural Land showing crops being cultivated

Property Related Documents:

  • A cheque for processing fee favoring ‘The Particular Bank.’
  • Copy of the Allotment Letter / Buyer Agreement
  • Receipt/(s) of payment/(s) made to the developer

Additional requirements for Co-applicants:

Passport size photograph of all co-applicants to be affixed on the Application Form and signed across

Apply for Home Loan

Home Loan Meerut Eligibility Criteria 

Salaried Individual:

  1. The applicant’s nationality should be Indian.
  2. The applicant must be between the age group of (Minimum) 18 years to (Maximum) 65 years.
  3. Must have working experience and a legitimate source of salary i.e working under the same employer for at least one year.

Self Employed Individual:

Applicants who are not professionally engaged in the working sector but have their own source of steady income are also eligible for the Home Loan. This includes everybody who is a:

  • Traders
  • Commission agent
  • Contractors

The following criteria must be met to apply for a home loan:

  1. The applicant must be between the age group of (Minimum) 18 years to (Maximum) 65 years.
  2. Must have working experience and a legitimate source of salary i.e working under the same employer for at least one year.

Self Employed Professionals:

Applicants who are professionally engaged in the working sector are also eligible for the Home Loan in Meerut. This includes everybody who is a:

  • Doctors
  • Lawyers
  • Charted Accountant
  • Architect
  • Consultant
  • Engineer
  • Company Secretary

The following criteria must be met to apply for a home loan:

  1. The applicant’s nationality should be Indian.
  2. The applicant must be between the age group of (Minimum) 18 years to (Maximum) 65 years.

Additional Criteria for Co-applicants:

  • Co-applicant must be a family member of the primary applicant.
  • All co-applicants are not required to be the co-owners of the property.

Please find more information on Eligibility by visiting Dialabank online.

Apply for Home Loan

How To Apply For Home Loan Meerut

  • Visit  Dialabank for a Home Loan.
  • Go to the specific city Home Loan page.
  • Check out all the eligibility and documents criteria for a Home Loan.
  • Fill out all the details required in the Home Loan Meerut application form.
  • Once done, our representative will soon contact you for a further stress-free process.

Processing Fees / Prepayment Charges On Home Loan Meerut

Particulars Charges
Processing Fees Salaried Individuals: 0.50% of the loan amount or Rs. 3,000, whichever is higher
Self Employed Professionals: 0.50% of the loan amount or Rs. 3,000, whichever is higher
Self Employed Non-Professionals: Up to 1.50% of the loan amount or Rs. 4,500, whichever is higher
Prepayment charges No prepayment charges for floating rates

Home Loan EMI Calculator Meerut

CIBIL Score Required For Home Loan Meerut

A minimum CIBIL score of 750 and above is considered by most of the banks and financial institutions for a home loan. However, many banks can also approve a loan with a CIBIL score between 650 to 750 if the applicant is one of their old customers or has a good relationship with the institute. In this case, the bank may charge moderately higher home loan interest rate.

Maintaining a good CIBIL score is a good practice as every financial institution strictly examine the detailed behavior of the previous loans taken. This includes details on the type of loan taken and the loan amount you have borrowed. Any late payments for previous loans can act as a barrier to your availing a fresh loan.

Check your CIBIL score in your credit report for more information on the score.

Home Loan Meerut Agent / Broker

One of the major and best agents of Home Loan Meerut is Dialabank. Having vast experience in the field put an advantage. Dialabank has worked with thousands of loan seekers and has successfully delivered what is agreed upon!

You can visit Dialabank online for information on Home Loan

Home Loan Meerut Contact Number

You can contact us by dialing on +919878981166 to get more information about home loans and we will give you the best advice to help you fulfill your dreams.

Pre Calculated EMI Table for Home Loan Meerut

About Meerut

Meerut is an ancient city in Uttar Pradesh, India. It is the second biggest city in the NCR Region and the 25th biggest city in India. The second-largest military cantonment is situated in this city. It is well known as the biggest producer of musical instruments and sports goods.

Get Home Loan Meerut information on Dialabank online!

Home Loan in Other Cities

Home Loan Hyderabad Home Loan Kanpur
Home Loan Varanasi Home Loan Jhansi
Home Loan Meerut Home Loan Hapur
Home Loan Lucknow Home Loan Gorakhpur

FAQ’s About Meerut Home Loan

✅ What are fixed and floating rate Meerut Home Loans?

The rate of interest for fixed-rate Meerut Home Loans remain constant for the entire tenure of the loan. On the other hand, the interest rates for floating rate Meerut home loans can be changed depending on the RBI’s policy rates.

✅ Am I eligible to prepay my outstanding Meerut Home Loan amount?

Yes, you can choose to prepay your outstanding Meerut Home Loan amount before the completion of your loan tenure. Fixed-rate Meerut Home Loans mainly attract a penalty of up to 2% of the loan amount.

✅ Can I have a co-applicant for my Meerut Home Loan?

Yes, you can have a co-applicant provided he/she is your immediate family member, such as your spouse, your parents or your children for Meerut Home Loans.