Please Note: Nanital Bank is not a Paisabazaar partner. Offers would be from partner banks/HFCs only.
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Nainital Bank Home Loan Highlights |
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| Interest Rate |
Note: The interest rates mentioned above are inclusive of concession for Credit Life Insurance and customers not opting for credit life insurance will have to pay additional interest of 0.05% |
| Loan Amount | Up to Rs 5 crore |
| Loan Tenure | Up to 30 years |
| Margin | 10% to 25% depending on the loan amount |
| Processing fees |
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Note: Interest rates as on 8th April 2024
Check Home Loan Interest Rates offered by Top Lenders Click Here
Table of Contents
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 | |
| SBI | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | Apply Now |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| LIC Housing Finance | 8.50% - 10.35% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Apply Now |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Apply Now |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Apply Now |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Apply Now |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Apply Now |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Apply Now |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Apply Now |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Apply Now |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Apply Now |
Nainital Bank Home Loan Interest Rates
Nainital Bank home loan interest rates start from 8.40% p.a. The home loan interest rates provided by the lender, based on the credit scores of its loan applicants, are provided below:
| CIBIL Scores | Interest Rates (p.a.) |
| 800 and above | 8.40% p.a. |
| Above 750 and up to 799, -1 | 8.65% p.a. |
| Above 701 and up to 749, 0, -1, 3 to 5 | 8.95% p.a. |
| Above 675 and up to 700 and 1 & 2 | 9.50% p.a. |
| Above 650 and up to 674 | 9.85% p.a. |
| Less than 650 | 11.00% p.a. |
Note: The interest rates mentioned above are inclusive of concession for Credit Life Insurance and customers not opting for credit life insurance will have to pay additional interest of 0.05%
Check interest rates on Home Loans for other Banks and HFCs Compare Now
Fees and Charges for Nainital Bank Home Loan
The home loan processing fees and other charges for Nainital Bank Home Loan are as follows:
Processing fees
| Particulars | Rates |
| Processing fees |
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Prepayment Charges
| Particulars | Rates |
| Prepayment charges |
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Other Charges related to Nainital Bank Home Loans
| Particulars | Rates |
| Penal charges (for late payment of EMI | 2% on unpaid EMI |
Types of Nainital Bank Home Loan
Apna Ashiana Home Loan
- Purpose: The Nainital Bank Apna Ashiana Home Loans enable loan applicants to avail loans for the construction/purchase of residential house or flat and for purchase of residential plot for home construction.
- Interest Rates: 65% to 11.00% p.a.
- Loan Amount: Up to Rs 5 crore
- Loan Tenure: Up to 30 years
- Margin: 10% to 25% depending upon the loan amount
Home Improvement Loan
- Purpose: The Nainital Bank Home Improvement Loans enable loan applicants to avail loans for repair/renovation of their existing homes or for buying furniture, fixture, furnishings and other gadgets like fans, geysers, water filters, air conditioners, air purifiers, desert coolers, heaters, etc.
- Loan Amount: Up to Rs 50 lakh
- Loan Tenure: Up to 15 years
- Margin: Up to 25% of the cost of repair of housing property
Home Top-Up Loan
- Purpose: The Nainital Bank Home Top-Up Loans enable existing housing loan borrowers to avail additional funds, over and above their ongoing loans, for personal or business-related uses (except for speculation). The tenure for top-up loans can be up to the maximum period till which the home loan is allowed based on the age limit criteria applicable for respective borrower category under the Apna Ashiana Home Loan scheme.
- Loan Amount: Up to Rs 50 lakh
- Loan Tenure: Up to 15 years
- Margin: Up to 25% of the cost of repair of housing property
Home Loan for Residential Plot Purchase
- Purpose: The Nainital Bank Home Loan for Residential Plot Purchase enables prospective borrowers to purchase plot for starting home construction within 5 years.
- Loan Amount: Up to Rs 2 crore
- Loan Tenure: Up to 10 years
- Margin: 140% of realizable value of an immovable property (based on the valuation report of the bank’s empanelled valuer) or the purchase price of property.
Check Lenders Offering Home Loan at Attractive Interest Rates Click Here
Nainital Bank Home Loan Eligibility Criteria
The home loan eligibility criteria set by Nainital Bank for its loan applicants are as follows:
- Minimum Age: 21 years (for applicant) and 18 years (for co-applicant)
- Maximum Age: 70 years (for salaried) and 75 years (for self-employed)
- Loan applicants should own the land on which the proposed house is to be constructed, along with having the construction plan approved/sanctioned by the competent authority/body. In case of joint ownership of the proposed land, all the joint owners should be made co-borrowers.
- Member(s) of registered group housing societies and farmers/agriculturists are also eligible under this home loan scheme.
Documents required for Nainital Bank Home Loan
Although Nainital Bank has not provided the list of home loan documents required while applying for its home loan scheme, lenders offering home loans usually require their loan applicants to submit the below mentioned documents:
- Identity Proof (any one): Passport, PAN Card, Driving Licence, Aadhaar Card, Voter’s ID Card, etc.
- Residence Proof (any one): Ration Card, Utility bills (telephone, electricity, water or gas), Bank Passbook, etc.
- Income Proof (for salaried): Form 16, last 3 year IT returns, promotion/increment letter, payslip of last 3 months, etc.
- Proof of income (for self-employed): IT Returns of last 3 years, Balance Sheet and P&L account statement of the company/firm duly attested by a Chartered Accountant, professional practice licence (for doctors, consultants, etc.), etc.
- Property documents: copy of sale agreement, title deeds of plot, detailed estimate of house construction by an architect/civil engineer, copy of the plans approved by local authorities, etc.
- Proof of business address
- Other documents: Proof of own contribution, last 6 months’ bank statements showing repayment of ongoing loans (if any), details of ongoing loans of individual/business entity, processing fee cheque in favour of the home loan lender
- Additional documents for self-employed: Latest form 26 AS, business profile, list of directors and shareholders with details of individual shareholding certified by CA / CS (if the business entity is a company)
- Partnership Deed (in case of a partnership firm)
- Articles of Association (AOA) and Memorandum of Association (MOA) of the company
Note: Nainital Bank may ask its loan applicants to submit additional home loan documents, apart from the ones mentioned above, based on their requirements and the loan applicant’s profile.