Nainital Bank Home Loans | Interest Rates | Documents
Nainital Bank offers housing loans at lowest interest rates & EMI. Details on Eligibility, loan amount & Emi calculate per lac under apna ashiana housing loan scheme of Nainital Bank Ltd.
Max loan for new construction
- 5 times of the gross total income (if annual income exceeds Rs.1.50 lac of the borrower).
- 3 times of the gross total income (if annual income is upto Rs.1.50 lac of the borrower).
Home Loan applications received for rupees ₹ 419,027 crores till 26 April 2024
Interest Rates for home Loans of Nainital Bank Ltd:
|
Scheme |
Floating Rate of Interest | |
| APNA AASHIANA
Housing Loan Scheme |
Upto & inclusive of Rs.20 lac | 10.50% |
| Above Rs. 20 lac | 11.25% | |
Max loan provided for repairing of old house
- 5 times of the gross total income (if annual income exceeds Rs.1.50 lac of the borrower). Subject to maximum Rs.10 lac.
- 3 times of the gross total income (if annual income is upto Rs.1.50 lac of the borrower).
Repayment:
- Repayment period should not exceed 20 years excluding moratorium period of 18 months.
| Loan Amount: | |||
| Purpose | Status of centres | Max Ceiling (in lac) | |
| Construction/purchase/ Extension of house | A. Metro Centres & Ghaziabad, NOIDA, Gurgaon, Faridabad, Jaipur, Lucknow, Dehradun | Rs.50 lac |
|
| B. Urban Centres | Rs.30 lac | ||
| C. Semi-Urban/Rural | Rs.20 lac | ||
| Repair/Renovation of house | A. Metropolitan/Urban Centres | Rs.10 lac | |
| B. Semi-Urban/Rural Centers | Rs.5 lac | ||
| For Purchase of land | At all centers | Rs.10 lac | |
| Installments | |||
| 1. | Overall deductions including repayment of proposed house loan should not exceed 65% of gross annual income of borrowers. Income of spouse may be included. |
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