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Home Loan in Ahmedabad

Ahmedabad is one of the premium cities of the state of Gujarat. Located on the banks of the Sabarmati river, the city allows you to take peaceful strolls on the river banks. The city’s peaceful atmosphere along with the great infrastructure guarantees a high quality of life. On an economic perspective, Ahmedabad is doing excellently as well. Businesses in the city are booming, with new industries being established rapidly. There is a newfound interest in start-ups in the city as well.

All of these factors make Ahmedabad one of the best cities to live in. If you are looking to buy a home in Ahmedabad, a home loan can be of great use. Many banks and financial institutions offer home loans to help people build their dream homes. Companies like Piramal Capital & Housing Finance offer home loans to fulfil your dream of buying a home in the great city of Ahmedabad. Here are some key features of home loans that you must know about.

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Easy application process

Piramal Capital & Housing Finance has a very simple process to apply for a home loan. You can apply for a home loans online, without any hassles. A dedicated representative will always be there to guide you through the entire process.

Simple eligibility criteria

In order to be eligible for a home loan, you have to satisfy certain eligibility criteria set by the lender. As for home loans from Piramal Capital & Housing Finance, the eligibility criteria are very basic.

  • Eligibility criteria for salaried applicants
  • Any individual working in a government institution, public sector undertaking department or a private office can apply for a home loan. The minimum age to apply for a home loan, in this case, is 21 years. Pension receiving individuals upto the age of 70 can also apply for a home loan.

  • Eligibility criteria for self-employed applicants
  • Any self-employed individual over the age of 23 can apply for a home loan. The maximum age for self-employed people to apply for a home loan is 70 years. Any self-employed professionals like doctors, designers and chartered accountants can apply under this category. Self-employed individuals also include business owners, partners of partnership firms and directors of private limited companies.

Minimum documentation

Applicants need to submit a set of documents before the approval of the loan. Here's what is needed.

  1. Proof of identity
  • Aadhar card
  • Voter's ID card
  • Driving license
  • NREGA job card
  • NPR-issued letter
  • Passport
  1. Proof of residence
  • Aadhar card
  • Voter's ID card
  • Utility bills (electricity, water, phone bills)
  • NREGA job card
  • NPR-issued letter
  • Passport
  1. Proof of income

Salaried individuals can produce any of the following:

  • Salary slips of last 3 months
  • Latest bank statement with salary credit
  • Latest bank statement without salary credit, along with salary slips.
  • 2 Years’ Form 16

Self-employed individuals can produce any of the following:

  • IT Returns of the last two financial years
  • Audit of financial statements by a CA
  • Recent bank statements

Affordable interest rates

Piramal Capital & Housing Finance has very nominal interest rates at which they approve loans. Home loans start at an interest rate as low as 10.50%* p.a.

Flexible repayment tenure

You can repay the loan however you want. You can choose a convenient tenure ranging from 5 years to even 30 years.

Why should you buy a house in Ahmedabad?

Ahmedabad’s economy is growing at a pace faster than most cities in India. The job and business opportunities in the city make it amongst the top 5 cities in the country. All things considered, Ahmedabad is one of the best cities to reside in.