| Abhyudaya Bank Home Loan Interest Rate Highlights |
|
| Interest Rate | 8.60% onwards |
| Max. Loan Amount | Upto Rs. 70 lakh |
| Loan Tenure | Up to 20 years |
| Loan Amount above Rs. 28 lakh & Upto Rs. 70 lakh | 8.70% for women & 8.80 % for others |
| Loan Amount for repairs | Max. Rs. 10 lakh |
| Loans for repairs interest rate | 11% |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges
Table of Contents
The Abhyudaya Co-operative Bank Home loan provides finance to fulfill all housing requirements of individuals. Abhyudaya Bank is an urban cooperative bank that offers banking products and solutions to its customers for them to fulfil their financial needs and requirements. Abhyudaya Co-operative Bank Limited offers home loan for the below mentioned purposes.
- Purchase of New house/Flat
- Purchase of Resold house/Flat
- Construction of House on a plot already acquired
- Extension to existing Flat/House
- Takeover of Housing Loan from any other Bank or Financial Institutions or any other lender, etc.
Abhyudaya Bank Rate of Interest
| Loan Amount Slabs | Rate of Interest p.a. |
| For loans up to Rs. 28 lakh | 8.60% |
| For loans above Rs. 28 lakh up to & including Rs 70 lakhs for women | 8.70% |
| For others | 8.80% |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges
Compare Interest Rates on Home Loans for Top Banks & HFCs
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards | Check Eligibility |
| SBI | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | Check Eligibility |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| LIC Housing Finance | 8.50% - 11.25% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Check Eligibility |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Check Eligibility |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Check Eligibility |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Check Eligibility |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Check Eligibility |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Check Eligibility |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Check Eligibility |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Check Eligibility |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Check Eligibility |
Check interest rates on Home Loans for other Banks and HFCs Compare Now
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Abhyudaya Bank Home Loan Eligibility
- Any individual whether he is salaried, professional, self-employed or a businessman can apply for the loan provided he has a steady and a regular source of income.
- The property for which the loan is taken should be in the name of the applicant.
- A co-applicant is required for the loan. The eligible co-applicants can be the spouse, son, daughter, father or mother of the applicant whether they are an earning member or not. If the co-applicant is an earning member, his/her income can be clubbed together for meeting the eligibility criteria of the home loan. A brother or a sister may also act a co-applicant but in that case their incomes would not be clubbed together for ascertaining the eligibility.
- Eligibility of the loan amount can either be based on the Agreement Value or on the applicant’s repayment capacity. If the Agreement Value is taken into consideration then 85% of the Agreement Value would be the eligible amount of loan for loans up to Rs. 25 lakhs. For higher value loans, 80% of the Agreement Value would be the eligible amount of loan.
- If repayment capacity is taken into consideration, the n the loan amount would be repayment capacity * 100000 / EMI for Rs. 1,00,000/
Documents Required for Abhyudaya Bank Home Loans
An applicant has to submit the following documents to avail of the loan:
- Latest passport sized photograph.
- Photo ID proof such as – Passport, Driving License, Aadhaar Card etc
- PAN Card copy.
- Address proof of the applicant along with address proof of guarantors.
In case of salaried individual;
- Salary slips of last 3 months
- Bank statements of last 6 months.
- Form 16A and ITR of last 3 years.
For non-salaried individuals, the additional documents are;
- Financial statements of the last 2 years
- Income Tax Return copy of last 1year
- Bank statements of the business for last 12 months
- Title deed of the property.
- Original Agreement for Sale
- Original Registration Receipt
- Copy of Approved Plan & CC
- NOC from Builder/ Society/ MHADA/ CIDCO
- Copy of Occupation Certificate
- Copy of Registration certificate of Society
- Original Receipts of Payment
- Title Clearance Certificate
- Valuation Certificate
- Previous original chain documents
- Original Possession Letter
Abhyudaya Bank Home loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
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