Home Loan Shimla – Interest Rates Apr 2021, Eligibility, EMI, Apply

Apply for Home Loan in Shimla online at lowest interest rates 2021. Check Home Loan in Shimla eligibility criteria, list of documents and bank branches only at Deal4loans.

Highlights on Home Loans in Shimla

Interest Rates 6.70% – 12.00%
Processing Fees 0 to 2.00% of the loan amount + GST
Pre Payment Charges NIL for floating, Fixed Rates check with Bank
Repayment Period 3 to 30 years
Part Payment Facility Yes, all bank
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Compare Home Loan Rates in Shimla 2021

SBI 6.70 – 6.75%
HDFC Ltd 6.70%
ICICI Bank 6.70 – 7.95%
LIC Housing Finance 6.90 – 7.30%
PNB Housing 7.35 – 9.05%
Axis Bank 7.75 – 8.40%
Bank of Baroda 6.85 – 7.85%
Canara Bank 6.90 – 8.90%
Aadhar Home loan N.A

Home Loan Tools in Shimla

Eligibility Criteria for Home Loans in Shimla

Age 21 – 58 years
Income 1.80 lakh annually for salaried, 3 Lakh ITR for Self Employed
Job Stability Minimum 2 Years for salaried, 3 years for self employed
Eligible for Joint Home Loan Brother, Mother, Father, Spouse
Loan amount 2 lakh to 50 crore

Home Loan EMI Calculator Shimla

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Checklist of Documents for Home Loan in Shimla

  • List of papers / documents applicable to all applicants:
  • Completed Home loan application
  • 3 passport size photographs (including those affixed in loan application)
  • Proof of identification: Electoral ID Card / Passport / Driving License / PAN card.
  • Proof of residence: Electoral ID Card / Passport / Electricity Bill / Telephone Bill.
  • Proof business address, in case of non- salaried borrowers
  • Statement of bank account for the last six months
  • Signature identification from present bankers
  • Personal Assets and Liabilities Statements in Bank’s standard format.
  • Brief write up of securities charged in respect of other loans availed from our Bank/other
  • Banks/ Auto & Housing Loan Companies /other sources.

About Shimla:

Shimla, also known as Simla, is the capital city of the Indian state of Himachal Pradesh, located in northern India.
Shimla is ideally located, and though there is an air service to the town, it is best reached by road that takes in the charms of the HIMALAYAN countryside at its best. There is a sense of nostalgia about SHIMLA, with its old bungalows and their gabled roofs and beautiful gardens.

An upswing in price of real estate in Shimla attracted number of people to buy property. Apart from state, tourism is major source of employment. Often, they experience a financial crunch at the time of buying property. Availability of home loan at low interest rate along with longer tenure proves to be a true friend in need.
 
The widespread popularity of home loan has encouraged across the section of people to buy property. Usually, it is not affordable for a common person to buy a home. Banks as lender offer home loan to eligible customers. For the seekers of property, home loan is an essential monetary support to carry-out his plan for purchasing of property.

List of Bank Branch Address from where you can take Home Loans in Shimla

  • Corporation Bank – National Highway 22, Shimla, Himachal Pradesh
  • Syndicate Bank – Mall Rd, Shimla, Himachal Pradesh
  • Axis Bank Ltd – Ground & First Floor, Durga Cottage Commercial Complex, Kasumpti, Shimla, Himachal Pradesh 171009
  • IDBI – Kasumpti, Shimla, Himachal Pradesh 171009
  • HPSCB – Shimla, Himachal Pradesh 171006
  • State Bank of Patiala – The Mall, Shimla, Himachal Pradesh 171001
  • IDBI Bank – Lala Lajpatrai Chowk, The Mall, Shimla, Himachal Pradesh 171001
  • Indian Bank – Mall Rd, Shimla, Himachal Pradesh
  • Indian Overseas Bank – The Mall, Shimla, Himachal Pradesh 171001
  • State Bank of India – Sanjauli, Shimla, Himachal Pradesh 171006
  • Bank of Maharashtra – SECTOR-2 ,, Lane 1, New Shimla, Shimla, Himachal Pradesh 171009
  • ICICI Bank Branch & ATM. – Sanjauli – North OAK, Main Chowk, Chhajta Heights,sanjauli, Shimla, Himachal Pradesh 171006
  • IDBI Bank – Lala Lajpatrai Chowk, The Mall, Shimla, Himachal Pradesh 171001
  • State Bank Of Patiala – Vasudeva Sadan – Vasudeva Sadan, Panthaghati to Kasumpati, Main Bazaar Kasumpti, Shimla, Himachal Pradesh 171009
  • HDFC Bank – The Mall, 3, Jankidas Building The Mall, Shimla, Himachal Pradesh 171001
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Top Banks for Home Loans in India
Banks Interest Rates
SBI 6.70% - 6.75%
HDFC Ltd 6.70%
ICICI Bank 6.70% - 8.00%
LIC Housing Finance6.90% - 7.30%
PNB Housing 7.35% - 9.05%
Axis Bank 7.75% - 8.40%
Bank of Baroda 6.85% - 7.85%
Canara Bank 6.90% - 7.90%
Aadhar Home loan N.A