Prathama UP Gramin Bank Home Loan
If you are looking to buy or build a home and need capital for it, then you can consider applying for a home loan scheme from Prathama UP Gramin Bank.
You can avail a loan amount of up to Rs.50 lakh with interest rates ranging between 8.25% p.a. and 8.50% p.a. with maximum tenure up to 30 years.
Highlights of Prathama UP Gramin Bank Home Loan
Loan amount | Up to Rs.50 lakh |
Tenure | 1 year – 30 years |
Interest Rate | 8.25% p.a. and 8.50% p.a. |
Processing Fee | Up to Rs.50,000 |
Foreclosure Charges | Nil |
Prepayment Charges | Nil |
Features of Prathama UP Gramin Bank Home Loan
The features of Prathama UP Gramin Bank Home Loan are:
- Prathama UP Gramin Bank offers flexible repayment options on its home loan scheme to make EMIs more manageable.
- You can apply for a home loan of up to Rs. 1 crore with Prathama UP Gramin Bank.
Eligibility Criteria
The eligibility criteria you will need to fulfil to apply for a home loan from Prathama UP Gramin Bank are:
- You should be a resident of India.
- You must be aged between 21 years and 65 years.
Documents Required
The following documents you will need to submit to apply for home loan from Prathama UP Gramin Bank are:
- Correctly completed application form as directed by the manufacturer
- Current photo, evidence of identity through photo, proof of residence for the applicant and guarantors, and supporting documentation for establishing a mortgage as needed
For salaried individuals
- Last three months' worth of pay stubs, bank statements, ITRs, or Form 16 for a two-year period
For self-employed individuals
- Three-month bank statement, three-year ITR copies, and the balance sheet and profit and loss for the previous three years.
Interest Rate
PARTICULARS | ROI (%) |
Government/PSU employees/pensioners,Our bank’s employees and pensioners,Existing retail loan customers with all accounts in good standing,Other customers with a CIC score of 750 and above | 8.25 |
Other customers with a CIC score below 750. | 8.50 |
Why can you avail a home loan from Prathama UP Gramin Bank?
The purpose behind availing home loan from Prathama UP Gramin Bank are:
- For construction of a house or flat
- For purchase of a built house or flat
- For purchase of an under-construction house or flat from Housing Boards, Development Authorities, Co-operative Societies, or approved private builders/projects
- For carrying out additions to the house or flat
- For repairs, renovations, alterations, or furnishing costs of the house or flat
How to apply for a home loan from Prathama UP Gramin Bank?
You can visit the nearest Prathama UP Gramin Bank branch along with all the necessary documents and the application form to apply for a home loan. If all the documents are correct, your application will be approved.
FAQs on Prathama UP Gramin Bank Home Loan
- What is the security I will need to provide to apply for a home loan?
Your property will act as a security during the home loan application process.
- Can I avail a home loan for the renovation of my house?
Yes, you can avail a home loan to get your house renovated.
- Can I avail a joint home loan with my wife?
Yes, you can avail a joint home loan along with your spouse.
- I am a farmer. Can I apply for a home loan from Prathama UP Gramin Bank?
If you meet the eligibility criteria, you can apply for a home loan from Prathama UP Gramin Bank.
- Can I apply for a home loan by Prathama UP Gramin Bank?
You can visit the Prathama UP Gramin Bank’s official website where under the ‘Housing Loan’ scheme page, you can scroll down and click on ‘Apply for Loan’. A google document page will open where you will have to provide your details and submit. Later a bank representative will get in touch with you and will help you with the application process.
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