Home loan in Chandigarh
Regarded as the happiest place to live in India, the beautiful city of Chandigarh is the perfect amalgamation of a futuristic city with an affordable standard of living. Life in this union territory is much more calm and relaxed as opposed to the chaotic Delhi. Citizens can enjoy all the best of modern civic amenities that are available in any Indian metro without having to compromise on quality or lifestyle. In the recent years, the real estate market of Chandigarh has also become popular with more and more people buying homes in this gorgeous city. Bank of Baroda home loans in Chandigarh are more popular today than ever before.
Types of home loans offered by Bank of Baroda
Depending on your budget, income and repayment capacity, Bank of Baroda offers a diverse range of home loans. The most popularly sought Bank of Baroda Home loans in Chandigarh include
- Baroda Home Loan
- Baroda Home Loan Advantage
- Baroda Pre Approved Home Loan
- Home Improvement Loan
- Baroda Home Suvidha Personal Loan
- Pradhan Pantri Awas Yojana
Simple application Process
Visit any of nearby Bank of Baroda branch, fill up the Home loan application form, submit all the listed documents or you can apply online also by clicking the link provided for Home Loan on our Bank’s website www.bankofbaroda.com
Bank of Baroda offers high amount home loans with principal loan amounts ranging up to 90% finance on the actual value of the property, whereas you have to bear 10% of the property value as down payment or margin on the loan. The Bank offers need based principal loan amount. The bank levies a minimum interest rate at BRLLR of the Bank linked with Repo Rate based on the Bureau score on the home loan while the loan is offered for flexible tenures lasting up to a maximum of 30 years. The loan can be repaid in pocket friendly, monthly equated instalments or EMIs which are easy and affordable due to lowest rate of interest and highest tenure up to 30 years.. The bank levies 0.25% to 0.50% +GST loan processing fee on home loan amount, minimum ₹8500 and maximum ₹20,000 plus GST. The pre-closure fee on the home loan is waived off.
Salient features of the loan
Getting a home loan in Chandigarh is now easier than ever. Bank of Baroda has innumerable branches across the city. Customers can just walk in to the bank during business hours and get their loan application process started. Our expert agents will help you through the entire process – from application to disbursal. You just need to provide all the documents mentioned in the application form.
We provide loans to salaried employees, self-employed individuals and businessmen as well as women borrowers, so long as they are Indian nationals; resident or non-resident Indians and between 21 and -70 years of age(at the end of the loan tenure).
You can co-apply for the home loan along with your parents, siblings or spouse and reap higher loan eligibility and tax benefits on the loan..
With your Bank of Baroda home loan in Chandigarh, you also become eligible for a free credit card, 0.25% concession in ROI on a car loan as well as free accident insurance on the home loan.
You can use your existing home loan to take on a home extension loan, a top-up loan and even a home renovation or remodelling loan.
Why you need to invest in Chandigarh real estate
- As per a report, Chandigarh is listed as the happiest city in India thanks to its affordable lifestyle, fantastic public transportation and civic amenities.
- One of the perks of living in a vastly populated city is that the infrastructure of Chandigarh is impeccable – whether it is the roads, the public and private school system, the hospitals or even the transportation.
- Chandigarh is well connected to most of India’s major cities by the national highway.
Owing to the rapid development in the city, there is no telling when the real estate prices in Chandigarh will begin to escalate. The wise thing to do is to take a Bank of Baroda home loan in Chandigarh now and book your dream home.
home loan in Chandigarh