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Home Loan in Trivandrum
Unlock your dream home in Trivandrum with hassle-free home loans! Leading banks and financial institutions offer attractive loan options to make homeownership a reality. Eligible residents of Trivandrum can avail of home loans with minimal documentation. Whether you're a salaried individual or self-employed, Compare rates, eligibility, and repayment options from top banks and lenders.
Highlights on Home Loans in Trivandrum
| Aspect | Description |
| Lenders | Customers have the options of an array of lenders to avail of Home Loans in Trivandrum. Some lenders include Bajaj Finserv, Bajaj Housing Finance, and LIC Housing Finance.
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| Application | You can apply for a home loan in Trivandrum online or by visiting their office, whichever is more convenient. |
| Loan amount | You can borrow money to buy a house based on how much you earn, your credit score, the value of the property, and other similar things. The maximum amount you can borrow for a home loan in Trivandrum is up to Rs. 5 crore. |
| Tenor | You can take your time to pay back the borrowed money, depending on the company and the loan plan you choose. This time can be as long as 40 years. |
| Benefits | You also get some extra advantages when you borrow money for a home. You can repay the loan before the decided time without extra charges. You can shift your loan to that offer if you find a better loan offer. If needed, you can also get more money on top of your existing loan. They also help you manage your account online and provide expert advice when needed. |
Best Home Loan Offers in Trivandrum - Nov 2024
Punjab National Bank
Punjab National Bank Home Loan in Trivandrum starting at.
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Housing Loan Eligibility Criteria in Trivandrum
There are a few criteria that an individual must satisfy in order to avail of a housing loan in Trivandrum. These eligibility criteria to get a home loan in Trivandrum are as discussed below:
Who Can Apply?
The applicant should be a citizen of India.
Age Requirements
Lenders prefer the minimum age of the customer to be 21 years. Moreover, the older limit should be 65 to 70 years.
Money Matters
You need a steady and reliable source of income, whether you have a job or run your own business. The minimum income required can vary based on the lender and where you live.
Credit Score
A good credit score means that a customer has a reliable credit history. A good credit history means that one has repaid all his debts and installments on time. And that aids lenders in trusting the customer with their fundings.
Managing Debts
The money you owe (like personal loans, car loans, credit card bills, etc.) shouldn't be more than 50% of what you earn.
Property Value
The property value you want to buy or build should be within a certain range that the lender finds acceptable. Depending on the lender and the loan plan, they'll fund a percentage of this value, ranging from 75% to 90%.
These are the general things you must remember when applying for a home loan in Trivandrum. However, different lenders may have specific rules, so checking with them before applying is important.
Determine your home loan eligibility instantly with our Home Loan Eligibility Calculator!
Home Loan EMI Calculator
- 5 Lac
- 20 Cr
- 5
- 30
- 6
- 20
Monthly Loan EMI
Payment Breakdown:
Principal Amount
₹10,00,000
Interest Payable
Total Amount Payable
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How to Get a Housing Loan in Trivandrum with Fast Disbursement?
Acquiring a home loan in this captivating city is a step closer to realising your dream abode. Utilise online resources like Urban Money to find the perfect home loan fit for your unique needs, and embrace the journey to your new home in Trivandrum. Take that step today and set forth on your path to home ownership in this beautiful city.
- On the Urban Money Website, navigate to the home loan section under loan category.
- Scroll down and check the city you need a loan in.
- Choose the bank you want apply your loan from.
- Enter in your details to get the best deals of home loans in Trivandrum.
- You will receive your call shortly after the application is submitted.
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Documents Required for Home Loan in Trivandrum
You must provide certain important documents to get a home loan in Trivandrum. These papers vary a bit based on your bank or loan type. Here’s a list of common documents you must submit:
- Fill out and sign the home loan application form.
- Show proof of who you are using documents like a PAN card, passport, Aadhaar card, voter ID card, or driver’s licence.
- Prove your age with documents like an Aadhaar card, PAN card, passport, birth certificate, 10th class mark sheet, or bank passbook.
- Confirm your address using documents like a bank passbook, voter ID card, ration card, passport, utility bills, LIC policy receipt, or a letter from a recognised public authority.
- Demonstrate your income through documents such as Form 16, salary slips, bank statements, IT returns, balance sheets, and profit and loss account statements (for the self-employed), business licence details (for self-employed), or professional practise licence (for professionals).
- Provide property-related documents.
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Home Loans in Trivandrum FAQs
How can one transfer a home loan in Trivandrum?
To transfer a home loan in Trivandrum, use websites such as Urban Money that offer tools for comparing loan options. Get permission and documents from your current lender, then apply to the new lender with the necessary paperwork. Pay the required fees. Once approved, sign a new agreement and pay monthly installments based on the new terms.
Is it a good idea to buy a house in Trivandrum with a home loan?
Buying a house in Trivandrum with a home loan is a good idea if you have a steady income, good credit, and plan to stay there for a long time. Trivandrum, the capital of Kerala and a hub for IT and education, offers growth opportunities and a high-quality lifestyle. Property prices vary based on location and features. Exploring house options on platforms like Urban Money is a good start. Trivandrum home loans provide benefits like tax deductions and flexible repayment plans, making them appealing.
Which bank is recommended for home loans in Trivandrum?
To decide on the best bank for a home loan in Trivandrum, consider factors like eligibility, loan details, and personal preferences. Some top options include HDFC Bank, Bajaj Finserv, Bank of Baroda, and Aditya Birla Capital. Use online platforms like Urban Money to compare offers and apply through branches or online channels.
Where can I apply for a home loan in Trivandrum?
When seeking a home loan in Trivandrum, choose a source that offers low interest rates, minimal processing fees, flexible tenure, and attractive features/benefits. Use online tools like Urban Money to compare options and choose the best home loan option in Trivandrum.
