Resale Purchase Loan
Credit Marg provides Resale Purchase Loans designed to help individuals purchase pre-owned properties. This loan is perfect for buying resale residential or commercial properties with competitive interest rates and flexible repayment options.
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh & Up to Rs. 75 Lakh | Above Rs. 75 Lakh |
|---|---|---|---|
| Public Sector Banks | |||
| Bank of Baroda | 8.40% – 10.65% | 8.40% – 10.65% | 8.40% – 10.90% |
| Punjab National Bank | 8.45% – 10.25% | 8.40% – 10.15% | 8.40% – 10.15% |
| Punjab & Sind Bank | 8.50% – 10.00% | 8.50% – 10.00% | 8.50% – 10.00% |
| SBI | 8.50% – 9.85% | 8.50% – 9.85% | 8.50% – 9.85% |
| Union Bank of India | 8.35% – 10.75% | 8.35% – 10.90% | 8.35% – 10.90% |
| Bank of India | 8.35% – 10.85% | 8.35% – 10.85% | 8.35% – 11.10% |
| UCO Bank | 8.45% – 10.30% | 8.45% – 10.30% | 8.45% – 10.30% |
| Bank of Maharashtra | 8.35% – 11.15% | 8.35% – 11.15% | 8.35% – 11.15% |
| Canara Bank | 8.50% – 11.25% | 8.45% – 11.25% | 8.40% – 11.15% |
| Indian Overseas Bank | 8.40% – 10.60% | 8.40% – 10.60% | 8.40% – 10.60% |
| Private Sector Banks | |||
| HDFC Bank Ltd. | 8.75% onwards | 8.75% onwards | 8.75% onwards |
| Kotak Mahindra Bank | 8.75% onwards | 8.75% onwards | 8.75% onwards |
| ICICI Bank | 8.75% onwards | 8.75% onwards | 8.75% onwards |
| Axis Bank | 8.75% – 13.30% | 8.75% – 13.30% | 8.75%- 9.65% |
| Karur Vysya Bank | 9.00% – 11.05% | 9.00% – 11.05% | 9.00% – 11.05% |
| South Indian Bank | 8.70% – 11.70% | 8.70% – 11.70% | 8.70% – 11.70% |
| Karnataka Bank | 8.50% – 10.62% | 8.50% – 10.62% | 8.50% – 10.62% |
| Federal Bank | 8.80% onwards | 8.80% onwards | 8.80% onwards |
| Dhanlaxmi Bank | 9.35% – 10.50% | 9.35% – 10.50% | 9.35% – 10.50% |
| Tamilnad Mercantile Bank | 8.60% – 9.95% | 8.60% – 9.95% | 8.60% – 9.95% |
| Bandhan Bank | 9.16% – 15.00% | 9.16% – 13.33% | 9.16% – 13.33% |
| RBL Bank | 8.90% onwards | 8.90% onwards | 8.90% onwards |
| Housing Finance Companies (HFCs) | |||
| LIC Housing Finance | 8.50% – 10.35% | 8.50% – 10.55% | 8.50% – 10.75% |
| Tata Capital | 8.75% onwards | 8.75% onwards | 8.75% onwards |
| PNB Housing Finance | 8.50% – 14.50% | 8.50% – 14.50% | 8.50% – 11.45% |
| Repco Home Finance | 9.60% onwards | 9.60% onwards | 9.60% onwards |
| GIC Housing Finance | 8.80% onwards | 8.80% onwards | 8.80% onwards |
| Sammaan Capital (Formerly known as Indiabulls Housing Finance) | 8.75% onwards | 8.75% onwards | 8.75% onwards |
| Aditya Birla Capital | 8.60% onwards | 8.60% onwards | 8.60% onwards |
| ICICI Home Finance | 9.30% onwards | 9.30% onwards | 9.30% onwards |
| Godrej Housing Finance | 8.55% onwards | 8.55% onwards | 8.55% onwards |
| L&T Finance | 8.65% onwards | 8.65% onwards | 8.65% onwards |
| Foreign Banks | |||
| HSBC India | 8.50% onwards | 8.50% onwards | 8.50% onwards |
| Standard Chartered Bank | 8.95% onwards | 8.95% onwards | 8.95% onwards |
Quick Guide on Home Loan:
Purpose:
A home loan can be used for purchasing a new house, construction of the house on a plot, home improvement, extension, and renovation of your existing house.
Key Features :
- Eligibility: Loan available for both salaried and self-employed borrowers between the age group of 21 and 75 years.
- Security: Mortgage of home you are planning to purchase, renovate, or construct.
- Loan Amount: In the range of Rs. 10 Lakh to Rs. 1000 Cr.
- Loan to Property Value Ratio: Varies from 75% to 100%.
- Loan Tenure: Can range from 5 to 30 years.
- rates: Home loan Interest Rates start from 7.99%. Special rates for women borrowers.
- Lowest EMI: Lowest EMI of Rs. 836 per lakh.
- Processing Fees: Up to 1% of the loan amount or a Maximum of Rs. 10,000.
- Prepayment Charges: Nil charges on floating rate home loans.
- Other Charges: Legal charges, technical charges, etc.
- Documents Required: Address Proof, Identity Proof, Income.
Sanction List of Documents:
Salaried:
- Application form completed with 2 photographs duly filled in and signed.
- ID Proof: PAN CARD.
- Residence Proof: Latest Telephone bill / Bank Statement containing the address for the last 6 months / Electricity bill / Ration card / Letter from Employer.
- Salary slips for the last 3 months.
- Latest Form 16.
- Copy of Appointment Letter with Latest CTC & Confirmation Letter.
- Original Bank Statement / Passbook of salary A/C for the last 6 months (updated).
- Last Qualification Proof.
- Previous Employment details if an applicant is on probation.
- Investment Proof.
- Processing Fees Cheque.
- Repayment Track Record if any.
Self Employed:
- Application form completed with 2 photographs duly filled in and signed.
- Â ID Proof: PAN CARD.
- Residence Proof: Aadhaar Card/ Latest Telephone bill / Bank Statement containing the address for the last 6 months / Electricity bill / Ration card
- Last Three Year Income Tax Return with computation of Income and Profit Loss Account And Balance sheet With CA attestation.
- Current Account And Saving Account Bank Statement / Passbook for the last 6 months (updated).
- Last Qualification Proof.
- Business Vintage Proof ( Minimum 3 years Old)
- Investment Proof.
- Processing Fees Cheque.
- Repayment Track Record if any.