Home loan in Visakhapatnam can be availed from any leading public or private sector bank at an interest rate that ranges between 6.85% p.a. to 12% p.a. The loan is processed by the banks after charging a nominal fee and can be repaid within a period of 30 years at affordable EMIs.
Home Loan Interest Rate in Visakhapatnam
Interest Rates
6.85% p.a. to 12% p.a.
Processing fee
0.50% of the loan amount
Maximum Loan Amount
Depends on the income and repayment capacity of the applicant
1st Floor, M.L. Complex,
Nad Kotha Road,
Visakhapatnam
Bank of Baroda
39-5-3, Muralinagar,
Visakhapatnam
Central Bank of India
No. 50 81 25,
J K Centre Seethammapeta
Visakhapatnam
Union Bank of India
Door No. 30-15-58, Silver Willow,
1st Floor, Dabagardens,
Visakhapatnam
HDFC Bank
Ground Floor, Eswar Enclave,
Jagadamba Centre, Greenpark Road,
Visakhapatnam
Axis Bank
10/54/7, Lions Club Building,
Waltair Main Road, Ram Nagar,
Visakhapatnam
Eligibility and Documents
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Eligibility
Documents Required
Age
Between 18 and 75 years
Passport
Voter ID
PAN Card
Driver’s license
Residency
Resident Indian
Copy of telephone bill
Copy of electricity bill
Copy of water bill
Copy of piped gas 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
Form 16
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 are indicative. Please contact the bank to know about the complete set of documents
Owning or constructing a home in Visakhapatnam can be realised by availing a home loan from any of the banks listed above. All you need to do before applying for the loan is check whether you fulfil the eligibility criteria laid down by the bank.
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My home loan is ongoing with Indiabulls since 5years back, it was taken. The rates are okay without any issues. The customer service is good. The loan tenure is 20years and the processing fee is included. I have purchased a Flat and the process was simple. Their executive helped me well.
I am not happy with rate of interest which was given by LIC Housing Finance. I have purchased the Flat in 2017August. The loan amount was 40L and its 15 years tenure. The processing fee is not applicable. The customer service is good. But every year, they are raising the interest rate which was not good.
I have taken a home loan with LIC HOUSING FINANCE on 2 years before which was processed directly to them. The amount which was given sufficient for the duration of 2 years. The rate of interest and processing fee are nominal. I use to do payment on monthly EMI for 16 thousands through an online.
I was applied for a home loan in PUNJAB NATIONAL BANK on a previous month which was processed through an online. I received a call from bank on time for further verification, the loan amount was okay which was offered from bank for the tenure of 10 years. The rate of interest and the processing fee are high when compare to other. Later banker has intimated cannot be process further for this loan.
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3
UPADHAYAY
, visakhapatnam
Reviewed on Jul 05, 2019
Long back, i have taken my home loan from HDFC. When i purchased the loan the interest rate was 8.5% and now increased upto 9.7%. I have been paying the EMI of RS. 8700 and it will be directly deducted from my account. It took 1 week to sanctioned the loan. Total tenure period of the loan is 20 years.
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2
NAVEEN KUMAR KUMAR
, visakhapatnam
Reviewed on Jun 22, 2019
I am working with Andhra Bank, they gave me attractive interest for the housing loan since I am a staff. I took the loan amount of Rs. 11 lakhs for the duration of 20 years. The response is genuine to the customer. They have balance transfer, part payment and pre closure option.
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2
BALA PRAKASA
, visakhapatnam
Reviewed on May 15, 2019
My SBI branch gave me the housing loan, being a staff I got attractive housing loan. The process was convenient to get the loan on time. I took the amount of Rs. 20 lakhs for the duration of 15 years, they do have balance transfer, part payment , foreclosure option but there is some terms and condition applicable.
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0
RAVINDRANATH AKURATHI
, visakhapatnam
Reviewed on Apr 24, 2019
My home loan experience was good with HDFC LTD, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer service was good and they followed up on time. Tenure period for this loan is for 20 years.
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3
SURESH KUINDUR
, visakhapatnam
Reviewed on Feb 13, 2019
I had taken this loan a while back and it has been still running. The loan amount has been sufficient and the interest rate with them has been very low when compared with the market rate. Even during the process their customer support executives has been responsive.
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4
APPALARAJU KUMPATLA
, visakhapatnam
Reviewed on Jan 08, 2019
My home loan experience was good with HDFC LTD, the loan amount was for Rs 50 lacs with less interest rate when compared to others. Customer service was good and they followed up on time. The tenure period for this loan is for 15 years.
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2
SANDHYAVALLI VINJAMURI
, visakhapatnam
Reviewed on Sep 25, 2018
It has been a very good experience i had with this home loan from AXIS and the services had been good. The loan amount which they had provided had been good and the interest rate with them had been good when compared with the market rate. Their customer support and their staff responses also had been good as well.
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4
MANDA VENAKAT SUBRAMANYAM
, visakhapatnam
Reviewed on Sep 17, 2018
I have taken home loan with HDFC LTD and my loan experience was fine. My loan amount is not sufficient for me i expected more, and interest rate is 8.65% and it is satisfactory.There is no hidden charges. I use to pay 17000 as EMI per month including top up loan and tenure period is 15years. I am not satisfied with customer service they did not respond in a friendly manner.
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8
SETTY DHANUNJAYA
, visakhapatnam
Reviewed on Aug 22, 2018
I have closed my home loan application with PNB Housing Finance because i do not require the home loan as of now. When it comes to customer service, it was good and they followed up on time. The rate of interest was nominal when compared to all other sources.
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2
BHAGAWAN NEYYALA
, visakhapatnam
Reviewed on May 16, 2018
I have applied for the home loan with Axis bank and I got good response from axis bank with regards to my home loan application. The loan would get approved with in 15days of time. The customer support and the response part is good with the AXIS bank.
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0
DURGA PRASAD
, visakhapatnam
Reviewed on Jan 12, 2018
Due to the change of plan i have not gone with PNB HOUSING FINANCE LIMITED for the home loan. The executive gave me god response and can be considerable in future for home loan. Other than that i dont have any other issue with PNB HOUSING FINANCE LIMITED.
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0
K UDAYA BHASKAR
, visakhapatnam
Reviewed on Nov 24, 2017
I did not take the home loan from IndiaBulls is because what ever I was expecting was not fulfilled. I did not get the rate of interest and the loan amount as needed. The response was also not on time and not clear as well. It has not been a good deal overall.
I applied for a Home Loan with Punjab National Banking Housing Finance few days back. The overall experience they put forth was good, but I felt a little let down when I was not given the loan. They informed me that I won't be getting the loan for that particular place.
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0
MYLIPILLI VENKATA RAMANA
, visakhapatnam
Reviewed on Oct 31, 2017
It was a very time process with the Bank of Baroda for the Loan against property. They completed the loan process on time and also offered a good rate of interest and processing fee. The services are very smooth and there was no struggle to get the loan.
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3
YUVRAJ THAPA
, visakhapatnam
Reviewed on Oct 16, 2017
I expected the rate of interest and charges to be lesser of SBI but I found it the same as the private banks. The process took a month and half as there was a delay from the lawyer. Once the papers work was done, the bank completed the loan in a week for the home loan.
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1
YUVRAJ THAPA
, visakhapatnam
Reviewed on Oct 16, 2017
Service is very good from PNB for my home loan service . Even the representatives and customer service is very helpful and responsible ,overall I can say it was a very good service from PNB for my home loan service. No issue till now from PNB housing .
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0
DURUGANA SIMADRI PATRA
, visakhapatnam
Reviewed on Oct 07, 2017