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  • Nainital Bank Home Loan

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  • Nainital Bank offers home loan under the Apna Ashiana Home Loan Scheme. You can get home loans of up to Rs.5 crore at attractive rates for a maximum tenure of 20 years. Both salaried and self-employed professionals can avail home loan from the bank.

    Nainital Bank Home Loan

    Key Highlights Processing Fee/Administration Charges
    • Loans of up to Rs.5 crore
    • Flexible tenures ranging from 5 to 20 years
    • Loans available for both salaried and self-employed individuals
    • Repayment period up to 30 years
    No processing fee
    Check Eligibility

    Nainital Home Loan EMI Calculator

    Your home loan EMI (equated monthly instalment) depends on several factors, including the loan amount, tenure, and interest rate. You can use BankBazaar Nainital Home Loan EMI Calculator to calculate your monthly instalments before taking a loan. You will need to enter all the details related to your loan, including amount, rate of interest, and processing fee. Click on “calculate” to view your EMI. This will be followed by an amortisation table that will give you a complete breakdown of your repayment schedule.

    Nainital Bank Home Loan Eligibility Criteria

    Age Up to age of 70 years
    Type of Employment Salaried or self-employed
    Nationality Resident Indian

    Eligibility Criteria for Nainital Bank Home Loan:

    • Own the land or plot on which the construction of the house is to take place.
    • The land should be in the name of the individual.
    • The individual should possess a plan of construction that has been approved by an authorised body.

    Joint owners applying for the loan must satisfy the following conditions:

    • The land or plot of land on which the construction of the house is to take place should be in the name of the joint owners.
    • All joint owners agree to be co-applicants to the loan.

    The following individuals and entities are also eligible to apply for this loan:

    • Agriculturists
    • Group Housing Societies that have been registered
    • Farmers

    Documents Required

    For salaried

    • Identity proof
    • Residential address proof
    • Age proof
    • Last 3 months’ salary slips
    • Form 16 or Income Tax Returns
    • Property-related documents

    For self-employed

    • Identity proof
    • Residential address proof
    • Age proof
    • Last 2 years’ Income Tax Returns
    • Profit and loss account along with computation of income and balance sheet for the last 2 years certified by a chartered accountant
    • Business continuity proof of at least 3 years
    • Last 6 months’ bank statements

    Things to Know

    • 1% penal interest shall be charged on amount in default up to 6 months for the period of default.
    • The penal interest is 2% p.a. if default period exceeds six months and shall be levied on entire period of default.
      

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    Nainital Bank Home Loan Reviews

    • Nainital Bank Home Loan
      "Cheapest interest rate and excellent service "
      0.5 5.0/5 "Blown Away!"
      The rate of interest of home loan of Nainital bank is 8.20%p.a (daily reducing balance), which is best in the banking industry. no processing n documentation charges, 30 yr long tenure, finance up to 80%. very much satisfied with banking services of Nainital Bank, it is with personal touch.. thanks.. I recommend all for this 01123583606 is their contact number.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 10, 2018
    • Nainital Bank
      Nainital Bank Home Loan
      "Very Good"
      0.5 5.0/5 "Blown Away!"
      I had a great service from the Nainital Bank when i applied for the housing loan. The customer service executive Mr Giri Wal who took the initiative in updating the status of the loan. The explained me what all documents are required in one shot. I got the approval in three days and in next 5 days i got the loan amount disbursed.
      Was this review helpful? 0
      , delhi
      Reviewed on Sep 22, 2014
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