Home Loan in Nashik

The beautiful city of Nashik is located on the lap of nature. The mix of culture and greenery makes Nashik one of the best cities to live in. Nashik being a not-so-popular city also makes the cost of living in Nashik lower than in most cities of India. This makes Nashik one of the best cities to live in.

If you want to buy a house in Nashik, a home loan can help you do it. Multiple banks and financial institutions, like Piramal Capital & Housing Finance, offers affordable home loans. These home loans can fulfil your dream of buying a house in Nashik. Here’s everything you need to know about a home loan, in Nashik.

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Loan application process

Home loans today have a very hassle-free application process. It takes minimal effort and you can always find a dedicated assistant to help you with any problems.

Eligibility criteria

Every home loan has some eligibility criteria. Piramal Capital & Housing Finance offers home loans for both salaried and self-employed people.

  1. Eligibility criteria for salaried people:

  2. Any salaried individual above the age of 21 can apply for a home loan. The upper age limit is usually 70 for pensioners. In case of non-pensioners, home loans are restricted to their age of retirement. Therefore, any salary earning person working in a government institution or private office will be eligible for a home loan.

  3. Eligibility criteria for self-employed people:

  4. Any self-employed person above the age of 23 can also apply for a home loan. This includes doctors, architects, accountants and other self-employed professionals. Business owners are also eligible under this criteria.

    Here, it is also important to mention that having a co-applicant can be necessary to be eligible for home loans. Your spouse or immediate family members (like parents, siblings, children) can be a co-applicant.

Minimal documents

At Piramal Capital & Housing Finance, documents required to sanction a home loan are minimum.

As proof of identity, you can provide any of the following documents:

  • Aadhar card
  • Voter’s ID Card
  • Passport
  • Driver’s license
  • NREGA job card
  • NPR-issued letter with your photo

As a proof of residence, you can provide any of the following documents:

  • Aadhar card
  • Voter’s ID Card
  • Passport
  • Electricity bills, phone bills etc.
  • NREGA job card
  • NPR-issued letter with your photo

As a proof of income, salaried individuals can submit any of the following documents:

  • Salary slips
  • Recent bank statements
  • 2 Year Form 16

Self-employed applicants can provide these documents as a proof of their income:

  • Income Tax Returns of the last financial year
  • Recent bank statement
  • Chartered Accountant's certificate.

Interest rates

To encourage more people to buy houses, banks and financial institutions offer home loans at very affordable interest rates. At Piramal Capital & Housing Finance, home loans start from an interest rate as low as 10.50%* per annum.

Fees and charges

A small percentage of the entire loan amount is charged as a processing fee. Other charges, if applicable, are all mentioned in the application form. Therefore, you don’t have to worry about any hidden charges.

Repayment tenures

These home loans come with a flexible repayment tenure that ranges from 5 years to even 30 years. Hence, you can choose whatever is convenient for you.

Why should you buy a house in Nashik?

Nashik is the perfect city for people looking to live closer to nature, without sacrificing anything. Nashik’s greenery and healthy air is a stark contrast to all the metropolitan cities. On the other hand, Nashik is growing rapidly. Developing infrastructure and job opportunities promises a good life. If Nashik suits your needs, apply for a home loan to buy a house in Nashik!