Posted On: 04-September-2021
Visakhapatnam is a major city in the state of Andhra Pradesh, India. Visakhapatnam is the largest city, as well as the financial hub of Andhra Pradesh. Visakhapatnam is the headquarters of Visakhapatnam district and the Eastern Naval Command of the Indian Navy.
Visakhapatnam is one of the fastest growing real estate markets in Andhra Pradesh and its surrounding areas. With the increasing population and development over the city and metro, the demand for the real estate properties is also increasing and so it's time for you to step up and invest in something profitable and helpful for your future.
If you are ready to take the step and invest your money, then you will need help from a reliable and trustworthy real estate agent. The agents will guide you through the entire process and will also help you with the legal documents and paperwork. Once the home-buying process is initiated, next comes the home loan process, you will need home loan agents in Visakhapatnam to aid you in this process.
The banks in India are governed by the Banking Regulation Act, 1949 and the Banking Regulation (Amendment) Act, 2007. The Reserve Bank of India is the apex of all the banks and it is the regulator and supervisor of all the banks in India. It also advises the government on monetary policy and makes changes to the Act and its rules and regulations.
Getting a loan seems to be a painful task these days. Banks are not the most customer-oriented organizations these days. With banks providing low-interest rates, people are flocking to these banks for a better home loan. This blog talks about how to get the best home loans in Visakhapatnam.
Basic Details about Home Loans in Visakhapatnam
|
Interest Rate |
6.85% to 12% p.a |
|
Processing Fee |
0.5% of the loan amount |
|
Maximum Loan Amount |
Varies with the Income and Repayment Capacity of the Applicant |
|
Maximum Tenure |
30 years |
Eligibility Criteria for Home Loans
There are many things to consider when looking at eligibility for a home loan. Before you begin the application process, it's important to know if you are eligible for a home loan. The following are some guidelines to help you determine if you are eligible for a home loan.
The income you have in relation to the proposed home loan is an important factor when determining eligibility. There are many different loan programs available for purchase or construction of a new home. Some loan programs have lower income requirements than others. Home loan providers in Visakhapatnam will help you determine which loan program is right for your situation. The lender will ask you for your income information when you apply for a home loan. A good advisor will help you gather your income information. If you are self-employed, they will guide you through the process of proving your income.
You'll need to disclose your current financial situation and provide some proof, which the lender will accept as valid evidence. The home loan providers in Visakhapatnam will run a check on your credit history and verify information you have provided with them.
|
|
Eligibility |
Documents Required |
|
Age |
Between 18 and 75 years |
|
|
Residency |
Resident Indian |
|
|
Employment |
Salaried and Self-employed |
|
|
Income |
|
Salaried
Self-employed
|
All the above stated eligibility criteria and documents required are only for reference. They may vary with each bank and financial institution. Please verify with the concerned authorities.
Best Home Loan Providers in Visakhapatnam
|
Eswari Capital |
Seethammadhara , Visakhapatnam 530013. Andhrapradesh |
|
State Bank of India |
1st Floor, M.L. Complex, Nad Kotha Road, Visakhapatnam |
|
Bank of Baroda |
39-5-3, Muralinagar, Visakhapatnam |
|
Central Bank of India |
No. 50 81 25, J K Centre Seethammapeta Visakhapatnam |
|
Union Bank of India |
Door No. 30-15-58, Silver Willow, 1st Floor, Dabagardens, Visakhapatnam |
|
HDFC Bank |
Ground Floor, Eswar Enclave, Jagadamba Centre, Greenpark Road, Visakhapatnam |
|
ICICI Bank |
Door No. N8-49-8, CHR Plaza, GVMC, Ward No. 56, Lankelapalem, Visakhapatnam |
|
Axis Bank |
10/54/7, Lions Club Building, Waltair Main Road, Ram Nagar, Visakhapatnam |
Though a lot of banks provide a low rate loan, not all can provide you with all the facilities that you need for the loan. So the key is to find a bank that is flexible and has all the facilities that you need. So if you are planning to buy your home, then you should apply for the best home loan providers in Visakhapatnam. Calculate your EMI Low-interest rates on Home loans, get approval on Eswari Capitals. Here and decide upon the best suitable loan for you.
If you’re looking for the best home loan providers in Visakhapatnam, we’re here to make it easy. The first step is to visit our site and request a quote. If you’re approved for a loan, we’ll help you make an informed decision about the loan features and options that will help you save money and make the most of the loan. So take the first step and request a quote today!
Are you shopping around for the best home loans in Visakhapatnam? If yes, then our company, Eswari Capital is one of the best companies in the business. We have partnered with various banks and NBFCs to remove the hassles from your home loan process. If you are ready, get in touch with us today!