Home Loans in Visakhapatnam

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
Maximum Tenure	30 years

Compare: Home Loan Interest Rate

Check Free Credit Score

Best Home Loan Providers in Visakhapatnam

Home Loan Providers	Branch Location
State Bank of India	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 SeethammapetaVisakhapatnam
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

Check Free Credit Score

Eligibility and Documents

	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.

Check Free Credit Score

A good credit score can help you secure lower interest rates on loans and credit cards.

Get Free Credit Score

Home Loans by Banks

Home Loans by NBFC

Calculator

Home Loan Articles

Home Loan Resources

Schemes and Acts

Disclaimer

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

Explore More:

Credit Card:

Credit Score:

Personal Loan:

Home Loan:

Fixed Deposit:

Calculator:

Learn More:

Others:

Mobile Apps:

support[at]bankbazaar[dot]com