Home Loans in Bhopal

Home loan in Bhopal can be availed by eligible individuals. Public and private sector banks offer loans at attractive interest rates that range between 7.10% p.a. and 12% p.a. The processing fee charged on the loans are minimal. You can repay the loan amount at affordable EMIs within 30 years.

Home Loan Interest Rate in Bhopal

Interest Rates

7.10% p.a. - 12% p.a.

Processing fee

0.50% of the loan amount

Maximum Loan Amount

Varies on the income of the applicant

Maximum Tenure

Up to 30 years

Compare: Home Loan Interest rate

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Best Home Loan Providers in Bhopal

Home Loan Providers

Branch Location

State Bank of India

T.T. Nagar, Bhopal, 

Madhya Pradesh - 462003

Bank of Baroda

110, Laxmi Nivas, 

Sindhi Colony Berasia Road, Bhopal, 

Madhya Pradesh - 462001

Central Bank of India

9, Arera Hills, Jail Road, 

Bhopal - 462011

Union Bank of India

P.B No. 71,

Post Jumerati, Bhopal,

Madhya Pradesh - 462001

HDFC Bank

62, Hotel Blue Star, Nav Bahar, 

Ground Floor, Hamadia Road, Bhopal, 

Madhya Pradesh - 462001

Axis Bank

PN 1, Ground and 1st Floor, Patel Plaza, 

Berasia Road, Hamidia Road, Bhopal, 

Madhya Pradesh - 462001

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Eligibility and Documents

 

Eligibility

Documents Required

Age

18 years - 75 years

Voter ID, Driver's license, Passport,

Residency

Resident and non-resident Indians

Copy of telephone Bill, electricity bill, water bill, piped gas bill, Aadhaar card.

Employment

Salaried and Self-employed

Employer ID

Income

  1. Salaried - Rs.10,000 per month onwards
  2. Self -employed - Income of Rs.1.8 lakh p.a.

Salaried

  1. Salary slips for the last three months
  2. Bank statements for the last six months
  3. IT returns
  4. Form 16

Self-employed

  1. IT returns for the last three years
  2. Bank statement for the last one year
  3. Profit and loss account with balance sheet for the last three years

In case, you are planning to avail a home loan in Bhopal, you can apply online or walk into any of the banks listed above. The loan can be availed at affordable rates and without must hassle.

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