Home loan in Vijayawada can be availed by eligible individuals at attractive interest rates. Public and private sector banks operating in the city offer the loans at an interest that ranges between 7.50% p.a. and 11.50% p.a. The processing fee is nominal, and the loan can be repaid within a period of 30 years.
Home Loan Interest Rate in Vijayawada
Interest Rates
7.50% p.a. to 11.50% p.a.
Processing fee
0.50% of the loan amount
Maximum Loan Amount
Depends on the income and repayment capacity of the applicant
Door No. 39-2-2, RK Plaza,
1st Floor, Beside Anjaneya Jewellers,
Masjid street, Labbipet, Vijayawada,
Andhra Pradesh
Eligibility and Documents
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Eligibility
Documents Required
Age
Between 18 and 75 years
Voter ID
Driver’s license
Passport
Residency
Indian Resident
Telephone bill
Electricity bill
Aadhaar card.
Employment
Salaried and Self-employed
Employee ID
Income
Salaried – Rs.10,000 per month onwards
Self –employed – Income of Rs.1.8 lakh p.a.
Salaried
Salary slips for the last three months
Bank statements for the last six months
IT returns
Self-employed
IT returns for the last three years
Bank statement for the last one year
Profit and loss account with balance sheet for the last three years
Note: The documents listed above are indicative. Contact the bank for the complete list of documents.
Planning a buy or construct your home in Vijayawada? If yes, you can approach any of the banks listed above to get the loan at affordable interest rates and kickstart the process of owning your dream home.
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From DHFL I have taken a home loan almost more than a year. One of my cousin's friend working there he recommend to apply for a home loan. The process was smooth and sanctioned a loan within 6 days with sufficient amount of 20 years. The rate of interest was high.
Response is good in their Sundaram customer care and they were good in dealing with the customer and every moment they are updating the details as well. Since they will be providing the loan with the minimum land of 100 sqyards since my land is 48 sqyards they have rejected the loan. As per the lower interest rate i have chosen them.
I have been holding my housing loan with GIC housing finances. The loan amount which they have given me was sufficient, and they have charged me rate of interest up to 9.3% it is nominal, the rate of interest was fixed, and they processing fee they have charged me was nominal, still this loan is running.
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2
HARI PRASAD PRASAD KUPPILI
, vijayawada
Reviewed on Feb 11, 2019
Recently I applied home loan in HDFC ltd, the interest rate not yet confirmed just now I processed the application. Anyway the documentation process was completed, is easy to approach , they collected basic KYC papers like Address proof, pan number, three months pay slip and property documents.
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2
ARAVIND RAJU PALLA
, vijayawada
Reviewed on Dec 07, 2018
I have applied for Home Loan with Sbi but the required loan was not approved and they haven't approved the home loan application because of the higher loan amount . They took too much of time to disburse the loan and they will not give response on time.
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9
PAPAIAH BIRUDU
, vijayawada
Reviewed on Dec 26, 2017
I took this home loan in 2017 october it was a good experience with CANFIN HOMES . The Customer service was good from the CANFIN side . The amount got disbursed to me in 48 hours of time . CANFIN gave me a full approval of rupees 23 Lakh . The Rate of interest was 8.45% they charged me and the processing fee was 22.5K they charged . CANFIN gave me a option of pre closure and a part payment option there on the loan amount .
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8
DHARMAVARAPU PAVAN KUMAR
, vijayawada
Reviewed on Dec 22, 2017
I would say it was a good experience over all with PNB Housing Finance . The bank executive they were not on time for picking up the documents , the bank process was bit of a delay one everything was going very slow . I told them to collect the documents from the home they did not collect that . They called me many time and tried contacting me . From the customer service side i would say it was a good one proper follow ups were done on time to time .
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2
DHARMAVARAPU PAVAN KUMAR
, vijayawada
Reviewed on Dec 22, 2017
I didn't got the home loan with Sundaram BNP paribas Home finance limited because there was lack of property so that was the reason they told they cannot proceed with my home finance loan. The customer support was good with Sundaram finance limited. The rate of interest is nominal here. The documentation process was not done, they inquired about my property and told which is not doable.
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0
MUCHAKARLA SRINIVASA RAO
, vijayawada
Reviewed on Sep 05, 2017
Dont go for Sundaram BNP Paribas Finance for your Home Loan, They might offer you interesting Rate of Interest initially but once loan taken, they wont reduce ROI according to Market rates.
3 Years back approx I took Home Loan from them, Now as we all know ROI interest reduced to 8.6% in the Market. When I reached them regarding this, they said for existing customers we will reduce to 8.9% and for new customers we will offer 8.6%.
I sent dissatisfaction mail to their customervoice ID, they never reply me back and after 6 days, they reached me on Phone and said, Loan interest rate cannot be reduced to 8.6% (we can only offer 8.9%). They even suggested me transfer your loan to other bank if you want.
Plz guys stay away from Sundaram BNP Paribas Finance. Dont fall for initial benefits and documentation process. You will feel bad after came in....
Now I dont have a choice other than to go for 8.9% interest rate.
.
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0
Lakshmi Ishwar Yarlagadda
, vijayawada
Reviewed on Apr 17, 2017
I got the home loan with the Syndicate bank and the interest rate was around 9.7% as fixed one but as of now , I have requested them to reduce the interest rate, also they are going to make it reduce. The loan amount got disbursed to my account within a week of time.
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3
SRIKANTH TADIVITLA TADIVITLA
, vijayawada
Reviewed on Mar 21, 2017
They are very good in the service provided related to the home loan process related to the Union Bank of India They require very simple documents and the process was convenient also. I got the loan on timely basis and they were able to assist the customer in a good manner. Loan amount is for ten laks and I have completed 4 years now with EMI of 12700 rest six years to go.
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4
VEERARAGHAVA REDDY BHAVANAM
, vijayawada
Reviewed on Mar 19, 2017
I am very much happy with SBH, I have taken the home loan before four years. I didn't face any hassle with ECS part its getting debited automatically from my account. I almost contacted five banks for the home loan but SBH responded well on time and done the disbursement.
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0
VENKATA PATTABHI BHASKARARAO PENTAKOTA
, vijayawada
Reviewed on Mar 13, 2017
Sundaram BNP Paribas Home Finance Limited has not been beneficial to me as there was site limitations from them. The response was there and they informed me the details as well. The rate of interest and charges was okay on the average side. But they are not recommendable from my end for a home loan.
Currently I have my home loan running with State Bank of Hyderabad and this was taken before 6 years. I would term my experience aS awesome, as the loan was processed too quick. I applied for it in the morning and got it by the evening. The interest rate offered was 9.25% and they did not charge me any processing fee as well which was excellent.
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0
HYMAVATI NAGINENI
, vijayawada
Reviewed on May 09, 2016
It is with the LIC housing finance I have taken a home loan. I have approached the organization as they were of government sector. They gave me the interest rate that is of the market range. I got the amount I required. The loan got disbursed only after 15 days.
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1
P ANTHONY SRIKANTH
, vijayawada
Reviewed on Apr 06, 2016
AXIS bank offered me an Home loan. I have submitted all the documents from my end. But to cibile issue they did not provided the loan. I did not get the proper response from them. Service provided by them was good. Their charges are comparatively higher side.
My feedback is excellent due to personal reason I have cancelled my request. Customer service offered by Axis bank was good. Response was excellent. It w ould be great if they provide quick response to the customer. They have to focus more on customer serive. Important information has to be provided like interest rate , processing fee and how many days they take to offer the loan has to be informed in the first go
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0
BAGATHIKANAKARAO KANAKARAO
, vijayawada
Reviewed on Nov 30, 2015
There was little delay in the response from axis bank for the home loan application. Interest rate offered was 9.65% compared to other bank it was similar rate but the processing fee was high. Due to my lack of documentation only i was not able to avail the loan.
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0
ABDUL HAMEED
, vijayawada
Reviewed on Nov 28, 2015
Bank of India has provided the home loan with the interest rate of approximately 9-10%. They charged insurance and processing fee. They took two months of the disbursement as i delayed from my side to submit the documents. Partial payment and pre closure option are available.
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0
MANDO RAMBABU
, vijayawada
Reviewed on Oct 27, 2015
There was a mis communication with the executive and his higher official. My home loan application with Axis bank got closed due to this. The executive response was not much good with them. It would be better if the higher officials have a cross check with the applicants directly, before closing the application.