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Home Loans in Gwalior - SBI, HDFC, PNB, Citi, ICICI Bank, All Banks

Home Loan Near Me, Lowest EMI Per Lakh

Last Updated 28th Nov 2021

Bank Interest Rate Tenure Lowest EMI Per Lakh
SBI 6.65% Floating
Check Best Offers
30 years ₹ 642
HDFC 6.70% Fixed
30 years ₹ 645
ICICI Bank 6.70% Fixed
30 years ₹ 645
Axis Bank 6.65% Fixed
30 years ₹ 642
PNB Housing Finance 6.99% Fixed
30 years ₹ 665
Bank of Baroda 6.50% Floating
30 years ₹ 632
Citibank 6.50% Fixed
25 years ₹ 675
  • HDFC Bank has 7 branches and Bank of Baroda has 6 branches in Gwalior.
  • There are 29 banks in Gwalior. Check Best Offers
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Types of Home Loans offered in Gwalior

In Gwalior, various Banks and NBFCs provide home loans at comparative interest rates. However, a home loan is a broader category that can further be distinguished into types of home loans, based on the purpose for which it is bought. These are listed as follows:

Type of Home Loan Purpose of the Loan
Home Purchase Loan A home purchase loan is a loan to buy a residential property such as a flat or an apartment.
Land Purchase Loan Land purchase loan is a loan to buy a plot for the construction of a house. The construction on the land must be completed under a prefixed time.
Construction Loan A construction loan is a loan to construct a house on a plot owned by the loan borrower.
Home Extension Loan A home extension loan is a loan for extending or expanding an already owned house. For instance, constructing a floor, room or balcony.
Home Improvement Loan Home improvement loans are loans for the renovation of a house. This loan is taken for activities like painting a house, revamping electric wiring, etc.
Home Loans for NRI NRI home loans are loans for non-residents Indians who wish to buy or construct a home in India. This loan involves a bit more documentation than other regular home loans.
Home Loan Top-Ups Home loan top-up allows borrowers to borrow an additional loan amount on an existing home loan.
Pre-Approved Home Loan Pre-approved loans are loans offered by the banks to their existing customers, based on the customer’s credit history and income stability.
Home Loan Balance Transfer A home loan balance transfer, allows borrowers to shift their home loan from an existing lender to another lender, who offers the loan at a lower rate.
Home Loan Overdraft Home loan overdraft allows borrowers to add surplus loan amounts in their linked savings and current account.

Documents Required for Home Loan in Gwalior

In order to avail of a home loan in Gwalior, loan applicants need to fulfill the documentation requirements. List of documents to avail a home loan are listed as follows:

  • Identity Proofs: Identity proof is required to ensure a person's identity. These include aadhar card, voter id card, PAN card, or Government-issued id cards.
  • Address Proofs: An address proof is mandated to avail of a home loan in order to ensure the residential details of the applicant. These include passport, driving license, utility bills like water, electricity, or gas.
  • Income Proofs: Income proofs are required to ensure the repayment capability of the loan borrower. These include documents like Form 16, salary slips, ITR documents, and bank statements.
  • Age Proofs: Age proof is submitted through documents like birth certificate, voter id card, driving license, school and college certificates, and mark sheets.
  • Proof of Business Existence: It is required in the case of self-employed people. Proof of business existence includes trade license, copy of partnership deeds, and registration certificates. Also, certificate of practice and degree if the applicant is a self-employed professional.
  • Property Documents: This includes documents like allotment letter, possession letter, and certificate of approved plans for construction and extension, conveyance deeds, and sale-purchase agreements.

Top Banks Offers Housing Loan in Gwalior

  • SBI Home Loan- The State Bank of India is one of the leading public sector banks in the country. It has many branches in Gwalior. The bank offers various home loan products such as SBI flexipay home loan, Privilege home loan, Realty home loans, among others. Home loan rates by SBI start from 6.65%. SBI offers special discounts on home loan rates for women borrowers.
  • HDFC Home Loan- HDFC home loan is another popular home loan lender in Gwalior. It offers various home loan products like HDFC TruFixed home loan, HDFC Reach home loan, etc. The interest rates on HDFC home loans in Gwalior begin from 6.70%.
  • ICICI Home Loan- ICICI Bank is the second-largest bank in the country. It offers home loans at affordable interest rates that are designed to fulfill the house needs of both salaried and self-employed people. Popular ICICI Bank home loan products in Gwalior include ICICI repo rate home loan, Express home loan, ICICI Home Improvement loans, among others. Interest rates on ICICI home loans in Gwalior starts from 6.70%.
  • Axis Bank Home Loan- Axis Bank is one of the most popular private-sector lenders in the country. The bank provides excellence in all banking services and loan products like home loans. Popular home loan products offered in Gwalior are Axis Bank repo rate home loan, Empower home loan, and Happy Ending home loans, amongst others. Axis bank home loan interest rates in Gwalior start from 6.90%.

HDFC Bank Home Loan Branches in Gwalior


Bank of Baroda Home Loan Branches in Gwalior



What is the lowest interest rate on a home loan in Gwalior?

The interest rates on home loan vary from bank to bank. The lowest rate of interest rate on housing loan in Gwalior is 6.50%.

How long does it take to get a housing loan in Gwalior?

Home loan disbursement to your account usually takes 15-30 days. However, if you have not finalized any property or any of the document is incomplete then it may even take more time to get home loan in Gwalior.

What is the minimum income requirement to get home loan in Gwalior?

The income criteria to get home loan varies from bank to bank. However, the minimum income to apply for a home loan in Gwalior is ₹ 25,000.

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Home Loan News - Nov 2021
  • 2021-11-23 : RBI Reports Jump in Digital Loan Disbursement
    As per the Reserve Bank of India, the overall volume of digital loan disbursement by banks and non-banking financial institutions has increased 12 fold between 2017 to 2020. As a result, the number has increased to Rs. 1.42 Lakh crores.
  • 2021-11-18 : Bank Credit Grows At 7.14 percent And Deposits 11.4 percent
    According to the RBI, bank credit has grown to 7.14% and deposits 11.4%. Bank loans stood at Rs 104.19 lakh crore and deposits at Rs 144.03 lakh crore. In the previous fortnight ended October 2021, bank credit had grown by 6.84 per cent and deposits by 9.94 per cent.
  • 2021-11-17 : Indian Overseas Bank Lowers Yearly Profit
    State-owned Indian Overseas Bank has reported a downward profit of Rs 646 cr for 2020-21. The profit is after reporting a divergence in asset classification and provisioning for bad loans.
  • 2021-11-16 : LIC Housing Finance Increases Home Loan Rates
    LIC Housing Finance has revised the home loan interest rate from 6.00% to 6.66%. The processing fee is Rs 10,000 and maximum tenure is 30 years.
  • 2021-11-16 : HDFC Bank Announces Campaign for Financial Frauds
    HDFC Bank has announced that it will hold the second edition of the campaign titled Mooh Band Rakho. The campaign aims to hold around 2,000 workshops to prevent financial frauds.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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