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Home Loan in Chandigarh

Home Loan in Chandigarh

Loan Up to ₹5 Crore* | Tenure Up to 30 years | Minimum Documentation

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Own Your Home in Chandigarh with Tata Capital Home Loans

Real Estate is Always in Demand Here

Owing to the city’s diligently planned design, thriving cosmopolitan culture, and job and business opportunities, you’ll always find people who want to buy a house here.

So, if you can get a home loan in Chandigarh at affordable prices, why wouldn’t you invest in a hot piece of property here. Doing this can also bring you substantial rental income.

Located Strategically

Chandigarh is the shared capital of both Punjab and Haryana. It is also the gateway to the Himalayas. Add to this; you'll always find well-maintained infrastructure like best roads and other facilities, making it an ideal choice to stay and travel around.

Given these amenities and the city’s strategic location, it’s hard to find any flaws when it comes to living or renting here. This is a big reason behind the growth of Chandigarh’s real estate market.

Loan amount offered

₹5,00,000 - ₹5,00,00,000

Loan tenure

Upto 30 Years

Interest rate starting @

7.75%* p.a.

View Rates & Charges

Home Loan EMI Calculator

Loan amount

₹

₹75,000 ₹35,00,000

Loan duration

1 Years 6 Years

Rate of interest

10% p.a 19% p.a

Monthly EMI

Total Amount Payable

0*
Total Interest Payable

0*

Total Amount Payable

Total Interest Payable

Apply Now

Calculate Home Loan EMI

Features and Benefits of Home Loan in Chandigarh

Whether you plan to buy a home or build one, Tata Capital offers instant home loans in Chandigarh. Here are some of its benefits:

Low Interest Rate

Tata Capital offers affordable home loans in Chandigarh at the lowest interest rates. Check out our attractive home loan interest rates and compare your best options.

Basic Eligibility

Tata Capital has easy-to-meet eligibility criteria so that you can finance your dream house without any hassle. Use our Home Loan Eligibility Calculator to check your eligibility.

Multi-purpose

Whether you plan to build your dream house or purchase an apartment, you can do that with Tata Capital’s home loans. Even if you already have a home in Delhi, you can get a loan to renovate your place.

Flexible Tenure

Tata Capital’s home loans come with extended tenures of up to 30 years, so it is much easier for you to repay the loan.

Investment to Make

Chandigarh is a shared capital of two states that border the national capital. Properties here are always in demand. In addition to that, low-interest rates and extended tenure on the home loan make will make your Chandigarh home a great investment.

Home Loan Interest Rates in Chandigarh?

The first thing potential borrowers look for while choosing housing finance is the interest rate. But, this element alone should not be your sole deciding factor when applying for a housing loan in Chandigarh. You must also assess the loan tenure and other home loan repayment conditions.

What if your ROI is low, but only for a short tenure? This condition will increase your EMI substantially, and you may require serious alterations to your lifestyle. Therefore, study all components and conditions of a home loan before applying.

At Tata Capital, we extend some of the lowest home loan interest rates to help you purchase homes that you were thinking of discarding due to a high price. Refer to our section on home loan interest rates in Chandigarh to grab these attractive rates.

Eligibility Criteria for a Home Loan in Chandigarh?

Tata Capital has a simple eligibility criteria in place:

You must be between 24 and 65 years of age
Salaried applicant’s minimum salary: Rs. 30,000
Salaried applicant’s minimum work experience: 2 years
Self-employed applicant’s minimum work experience in the current field: 3 years
NRI (Non-Resident Indians) applicants must be salaried with a minimum work experience of 3 years

Documents Required for Home Loan in Chandigarh

Age Proof

A copy of your Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card, or School Leaving Certificate

Photo Identity Proof

A copy of your Voter ID Card, Passport, Driving License, Aadhaar Card, or PAN Card

Address Proof

A copy of your Utility Bill, Bank Statement, Property Registration Documents, Property Tax Receipt, or Voter ID Card

Income Proof

A copy of your Salary Slips for the last three months, Salary Bank Account Statements for the last six months, Appointment letter, Yearly increment letter, or a Certified true copy of Form 16

Existing Loan Details

Existing loan details should be provided through Bank Statements or Loan Statements

Processing Fee Cheque

To be issued from your salary account

Age Proof

A copy of your Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card, or School Leaving Certificate

Photo Identity Proof

A copy of your Voter ID Card, Passport, Driving License, Aadhaar Card, or PAN Card

Address Proof

A copy of your Utility Bill, Bank Statement, Property Registration Documents, Property Tax Receipt, or Voter ID Card

Business Proof

A copy of the last two years' Income Tax Returns, your Business Profile on a letterhead, or your Business Registration Certificate for business commencement

Income Proof

A copy of the last three years' Profit & Loss (P/L) Projection Statement, Operative current account statement for the last six months, Bank statements for the last six months of CC/OD facilities (if taken)

Existing Loan Details

Existing loan details should be provided through Bank statements or Loan statements

Processing Fee Cheque

To be issued from your business account

Age Proof

A copy of your Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card, or School Leaving Certificate

Photo Identity Proof

A copy of your Voter ID Card, Passport, Driving License, Aadhaar Card, or PAN Card

Address Proof

A copy of your Utility Bill, Bank Statement, Property Registration Documents, Property Tax Receipt, or Voter ID Card

Employment Proof

A copy of your pay slips for the last six months along with the employment stability documents, such as your appointment letter or previous employment history

Income Proof

Overseas salary account details for Indian NRE or NRO account statements for the last six months

Credit Report

NRI applicants should submit a Credit Report of their current country of residence, wherever it is applicable as per Tata Capital norms

Existing Loan Details

Existing loan details should be provided through Bank statements or Loan statements

Processing Fee Cheque

To be issued from your salary account or business account

Visit our home loan documents page to find out the list of valid documents required for your home loan application.

How to apply for a Home Loan online in Chandigarh?

With Tata Capital, you can apply for a home loan in Chandigarh in just four simple steps. You start by filling out your online loan application digitally. Our online application form asks for minimal personal details, your occupation, desired property details, and the loan amount you're looking for.

After submitting your details by filling our online application form, we'll instantly inform you of your eligibility and ask you to submit certain documents for verification. Once everything checks out, our loan officers will make a quick site visit.

If approved, you'll receive your E-sanction letter online, and the loan amount will be disbursed into your bank account.

As you can tell, applying for a housing loan in Chandigarh with Tata Capital merely takes a few working days!

Apply Now

Other Ways to Apply for a Home Loan in Chandigarh

Customer care: 18602676060
Email – contactus@tatacapital.com
Registered Branch – TCHFL, 2nd Floor, SCO 20, Sector 26, Madhya Marg, Chandigarh - 160019

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FAQ's on Housing Loan in Chandigarh

To qualify for a Tata Capital home loan, salaried individuals need a minimum monthly income of ₹30,000.

The exact amount depends on factors such as the loan program, lender policies, and your financial profile.

Yes, you need to provide security or collateral.

To calculate EMI for a home loan online, use Tata Capital's Home Loan EMI Calculator. Enter the loan amount, tenure, and interest rate to get an instant EMI estimate.

The time to get a housing loan from Tata Capital typically depends on document verification and approval processes. With complete documentation and eligibility checks, loans can be approved quickly, often within a few days.

For floating interest rate loans, no prepayment charges apply. However, for fixed interest rate loans, nominal charges may be applicable.

Yes, Tata Capital home loans may include additional charges such as processing fees, legal fees, valuation charges, and administrative costs. These charges vary based on the loan amount and terms.