Home Loan Salem

Home Loan Salem – Compare & Apply for lowest rate home loans in Salem ✔ Interest Rates ✔ Low EMI ✔ Documents ✔ Eligibility ✔ best deals in Salem with Deal4loans.com. compare all major banks in Salem - SBI, HDFC, ICICI, Axis, Indiabulls, LIC Housing, DHFL, Bank of Baroda, Canara Bank, Union Bank, Bank Of India, Uco bank, andhra bank, state banks etc.

About Salem

Salem is a city in Salem district in the Indian state of Tamil Nadu. It is located about 160 kilometres northeast of Coimbatore, 186 kilometres southeast of Bangalore and about 340 kilometres southwest of the state capital, Chennai.

Banks HDFC Bank AXIS Bank State Bank Of India (SBI) ICICI Bank
Rate of Interest 8.50% - 9.40% 8.60% - 9.05% 8.60% - 9.65% 9.00% - 9.10%
Processing Fee 3000 + Tax (Salaried), 5000 + Tax (S. Employed) Up to 1% of the Loan amount subject to minimum of Rs.10,000/- Nil till 31.04.2023 2999+GST for CIBIL Score above 710, .50% + GST for Score below 710.50% + GST for Score below 700
Prepayment Charges 3000 + Tax (Salaried), 5000 + Tax (S. Employed) Up to 1% of the Loan amount subject to minimum of Rs.10,000/- No Prepayment or foreclosure Charges 3000 + Tax

Eligibility Criteria
Eligibility Criteria for Home Loan in Salem
The borrower's eligibility of getting a housing loan depend upon his/her repayment capacity & the banks establish this repayment capacity by considering various factors such income, spouse's income, age, assets etc.
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The borrower's eligibility of getting a housing loan depend upon his/her repayment capacity & the banks establish this repayment capacity by considering various factors such income, spouse's income, age, number of dependants qualifications , assets, liabilities, stability and continuity of occupation and savings history. Calculate your Eligibility for Home loan
Your Home Loan eligibility is determined by your repayment capacity, taking into consideration, factors such as: Your:
• Income
• Qualifications
• Age
• Spouse's income
• No. of dependants
• Stability and continuity of occupation
• Assets/LiabilitiesM.
• Savings history.
The most important concern of banks in determining your loan eligibility is that whether or not you are contentedly able to pay off the amount you borrow.

List of Home Loans Banks
State Bank of India(SBI)
HDFC Ltd
LIC Housing Finance
ICICI Bank
Axis Bank
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State Bank of India(SBI) HDFC Ltd LIC Housing Finance ICICI Bank Axis Bank
Fedbank PNB Housing ING Vysya Kotak Bank DHFL
Bank of Baroda Bank of India Union Bank of India United Bank of India Punjab National Bank
Standard Chartered IndusInd Bank IDBI Housing Finance Andhra Bank Citibank
Canara Bank Indian Bank Vijaya Bank Corporation Bank IDBI Bank

Documents required
for Home Loan
Documents required for Home
Loan in Salem
Generally the documents required to processing your loan application are almost similar across all the banks; however they may differ with various banks
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Generally the documents required to processing your loan application are almost similar across all the banks; however they may differ with various banks depending upon specific requirement etc. Following documents are required by financial institutions to process the loan application:
· Age Proof
· Address Proof
· Income Proof of the applicant & co-applicant
· Last 6 months bank A/C statement
· Passport size photograph of the applicant & co-applicant
Salaried Self Employed
· Employment certificate from the employer,
· Copies of pay slips for last few months and TDS certificate
· Latest Form 16 issued by employer Bank statements		 · Copy of audited financial statements for the last 2 years
· Copy of partnership deed if it is a partnership firm or copy of memorandum of association and articles of association if it is a company
· Profit and loss account for the last few years
· Income tax assessment order

Eligibility Criteria
Eligibility Criteria for Home Loan in Salem
The borrower's eligibility of getting a housing loan depend upon his/her repayment capacity & the banks establish this repayment capacity by considering various factors such income, spouse's income, age, assets etc.
close
The borrower's eligibility of getting a housing loan depend upon his/her repayment capacity & the banks establish this repayment capacity by considering various factors such income, spouse's income, age, number of dependants qualifications , assets, liabilities, stability and continuity of occupation and savings history. Calculate your Eligibility for Home loan
Your Home Loan eligibility is determined by your repayment capacity, taking into consideration, factors such as: Your:
• Income
• Qualifications
• Age
• Spouse's income
• No. of dependants
• Stability and continuity of occupation
• Assets/LiabilitiesM.
• Savings history.
The most important concern of banks in determining your loan eligibility is that whether or not you are contentedly able to pay off the amount you borrow.

Check Online - Home Loan Eligibility

Bank Branches for home loans in Salem:

  1. SBI - Address: Collectorate Branch Salem, No.3, Ground Floor, Collector Office Building, Bretts Rd, First Agraharam, Salem, Tamil Nadu 636001
  2. Corporation Bank - Address: Salem-Shevapet Branch, Divya Towers I Floor, 49-57, Fort Main Rd, Shevapet, Salem, Tamil Nadu 636001
  3. Allahabad Bank - Address: Salem Branch, Swarnapuri, Salem, Tamil Nadu 636016
  4. City Union Bank - Address: Salem Branch, No. 96, Arunachala Aasari Street, First Agraharam, Salem, Tamil Nadu 636001
  5. Andhra Bank - Address: Salem Branch, Narasus Arcade, No. 53/24, 2nd Agraharam, First Agraharam, Salem, Tamil Nadu 636001
  6. Union Bank  - Address: Branch, No.134-A, First Agraharam, Salem, Tamil Nadu 636001
  7. Syndicate Bank - Address: Salem Town Branch, Steel Plaza, No.42, Gugai, Salem, Tamil Nadu 636001
  8. Lakshmi Vilas Bank  - Address: Door No 180 ,Old No 364, Calicut Main Road, NH 47, Kondalampatti, Salem, Tamil Nadu 636010
  9. Indian Bank  - Address: Veerapandi Branch, No.3/16, Salem Main Road, Veerapandi, Tamil Nadu 636308
  10. HDFC Bank  - Address: Salem Car Street Branch, No.20-20A, 1st Floor, Car St, First Agraharam, Salem, Tamil Nadu 636001
  11. lakshmi Vilas Bank  - Address: Salem Gugai Branch, No. 431, Trichy Main Road, Gugai, Salem, Tamil Nadu 636006

Compare Banks Home Loan Interest Rates in Salem

SBI Home Loan in Salem HDFC Ltd Home Loan in Salem Bank of Baroda Home Loan in Salem
ICICI Home Loan in Salem Axis Bank Home Loan in Salem PNB Housing Finance in Salem
DHFL Home Loan in Salem LIC Home Loan in Salem Canara Bank Home Loan in Salem

 
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Top Home Loan Banks

Home Loan Rates 2024

IDBI 8.75% - 12.25%
AXIS Bank 8.60% - 9.05%
LIC Housing 8.50% - 10.50%
HDFC Bank 8.50% - 9.40%
ICICI Bank 9.00% - 9.10%
Bank of India 8.65% - 10.75%
Bank of Baroda 9.15% - 10.50%
Canara Bank 8.90%- 11.25%
HSBC Bank 8.75% - 8.85%
State Bank Of India (SBI) 8.60% - 9.65%
Indian Bank NA
GIC Housing Finance 8.45%

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