Home Loans in
Thane
Compared to other parts of Mumbai, Thane offers affordable housing options. Prospective home buyers can easily buy a home in Thane with the help of top banks and housing finance companies that offer quick home loans. The most affordable home loan in Thane has an interest rate starting at 8.50% per annum onwards. You can easily get a housing loan in Thane for a maximum of 30 years on monthly EMIs. While applying for a home loan in Thane, you must submit all the relevant documents requested by the lender along with a processing fee cheque ranging between 0.25% and 1% of the loan amount.
Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Home Loan Interest Rates in Thane
The home loan interest rates in Thane play a crucial role in shaping the financial commitment of individuals seeking a home of their own. The prevailing market conditions, inflation rates, and respective policies of the lenders often influence these rates. The lowest home loan interest rates in Thane start at 8.50%, offered by LIC HFC. So, gear up to learn about the processing fee and interest rate on home loans of 10 shortlisted banks and housing finance companies:
| BASIC Bank/NBFC Partner Name | Max Tenure (in years) | Rate of Interest | Processing Fees (INR) | Contact |
|---|---|---|---|---|
 LIC HFC | 30 | 8.50% | Up to 0.25% of the loan amount (Maximum: Rs. 25,000) | |
 HDFC Bank | 30 | 8.65% - 9.85% | Up to 0.25% of the loan amount (Minimum: Rs. 3,540) | |
 Federal Bank | 30 | 8.80% | 0.50% of the loan amount (Minimum: Rs. 3,000 + GST; Maximum: Rs. 7,500 + GST) | |
 Karur Vysya Bank | 30 | 9.23% | Rs. 2,500 - Rs. 7,500 | |
 ICICI Bank | 30 | 9.25% - 10.05% | 0.50% - 2.00% of the loan amount | |
 Cent Bank of India | 30 | 9.65% | 0.50% of the loan amount (Maximum: Rs. 20,000) | |
 India Shelter | 20 | 10.50% onwards | Upto 2.50% of the loan amount | |
 Piramal Housing Finance | 30 | 11.00% | Up to 3.00% of the loan amount + Taxes | |
 Union Bank of India | 30 | 8.70% onwards | 0.50% of the loan amount (Max: Rs. 15,000 + GST) |
Eligibility Criteria for Home Loans in Thane
Applicants are encouraged to declare any additional sources of income besides those mentioned in the table above to boost their chances of getting a home loan approval.
Documents Requirement for Home Loans in Thane
No home loan application process will be completed without the applicant submitting relevant documents to the lender. So, in case you are a salaried person or even if you are self-employed, here is the list of documents required for a home loan in Thane:
|
|
| Proof Of Residency | Aadhaar Card, Valid Passport |
| Proof Of Income | Bank Passbook, Bank statement, Last 3 years IT Return |
| Proof Of Age | PAN Card, Voter ID, Birth Certificate, Registration Certificate Of Establishment |
| Proof Of Employment | Certified Letter from Employee/Company Memorandum |
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