Home Loan Providers in Raipur Chhattisgarh

Home Loan

Raipur is the capital and largest city of Chhattisgarh. As per Population Census of India 2011, Raipur, Chhattisgarh has a population of 2 Lakhs with 43,600 households spread across in the area of 1100.92 sq. km. Raipur has become the educational hub of Chhattisgarh due to the presence of many institutes of National importance in Engineering, Management, Medical, and Law.

It is the only city in India which is home to IIM, NIT, AIIMS, Hidayatullah NationaLaw University, and IIIT. It is a business center with renowned global automobile companies and international brands. Its economy is majorly driven by agricultural processing,  oil mining, steel industry, plywood industry, soap manufacturing, etc.

If you plan to settle in Raipur, Chhattisgarh. Then there are many financiers and banks. They can help you with buying your dream home. They provide home loans to both salaried and self-employed at a reduced rate of interest.


Home Loan in Raipur: Features & Benefits

PMAY Scheme

If you are a first-time buyer, avail a home loan under the Pradhan Mantri Awas Yojana scheme at a discounted interest rate of 6.93%. Enjoy huge savings of up to Rs.2.67 lakh on the payable interest. 

Home Loan Balance Transfer

Bring down your monthly outflows towards loan repayment with home loan balance transfer facility. Pay a reduced rate of interest and avail of top-up loans for additional financing.

Top-Up Loan

Top up a loan of high value up to Rs.50 lakh are available for borrowers taking the balance transfer facility. Utilize the funds for any personal or business requirements efficiently. 

Best Home Loans options provided in Raipur are including

  1. Land Purchase and Home Construction loans in Raipur
  2. Home Improvement Loan in Raipur
  3. Loan against property in Raipur
  4. MSME Business Loan in Raipur
  5. Home Loan Balance Transfer in Raipur
  • Basic documents required for Home Loan
  1. Photograph
  2. Proof of identity
  3. Proof of address
  4. Bank account statements
  5. Certificate of business vintage
You may be asked for additional documents on certain cases. 
Now applying for a home loan is just a click away to make your life convenient.

Home Loan Eligibility Criteria

Quickly get the application processed once you fulfill the home loan eligibility parameters.

Eligibility Criteria      -     Details

Age (for salaried)     -     23 to 62 years

Age (for self-employed) - 25 to 70 years

Business vintage - At least 5 years

Work experience -  Minimum 3 years

Nationality - Indian (resident)

Home Loan

Home Loan Interest Rate, Fees & Charges

Make sure to be aware of every rate and fee involved with a home loan in Raipur.

Types of rates - Charges applicable

Home loan interest rate (for salaried applicants)Starting from 8.60%

Rate of interest (for self-employed)9.05% to 10.30%

Rate of interest (for salaried)9.35% to 11.15%

Loan statement feesRs. 50

Penal interest2% per month

Processing charges (for self-employed)Up to 1.20%

Processing charges (for salaried)Up to 0.80%

Banks providing a low rate of interest     

    • SBI Home Loan- The State Bank of India is one of the leading public sector banks in the country. It has many branches in Raipur. The bank offers various home loan products such as SBI flexipay home loan, Privilege home loan, Realty home loans, among others. Home loan rates by SBI start from 6.95%. SBI offers special discounts on home loan rates for women borrowers.

    • HDFC Home Loan- HDFC home loan is another popular home loan lender in Raipur. It offers various home loan products like HDFC TruFixed home loan, HDFC Reach home loan, etc. The interest rates on HDFC home loans in Raipur begin from 6.90%.

    • ICICI Home Loan- ICICI Bank is the second-largest bank in the country. It offers home loans at affordable interest rates that are designed to fulfill the house needs of both salaried and self-employed people. Popular ICICI Bank home loan products in Raipur include ICICI repo rate home loan, Express home loan, ICICI Home Improvement loans, among others. Interest rates on ICICI home loans in Raipur starts from 6.90%. 

    • Axis Bank Home Loan- Axis Bank is one of the most popular private-sector lenders in the country. The bank provides excellence in all banking services and loan products like home loans. Popular home loan products offered in Raipur are Axis Bank repo rate home loan, Empower home loan, and Happy Ending home loans, amongst others. Axis bank home loan interest rates in Raipur start from 6.90%.