Overview of Home Loan in Alwar, Rajasthan

Alwar, a historic city in Rajasthan with a growing real estate market, is an ideal location for homebuyers seeking financing. Home loans in Alwar offer funding for purchasing or constructing residential properties, with competitive rates starting at 8.25% p.a. Lenders like SBI, HDFC Bank, and ICICI Bank provide loans up to ₹2 crore with tenures up to 30 years. Loanpao helps Alwar residents compare offers, check eligibility, and apply online, leveraging schemes like PMAY for eligible applicants.

Eligibility Criteria for Home Loan in Alwar

Criteria Details
Age 21–70 years (at loan maturity)
Income Minimum ₹25,000 monthly (salaried) or ₹3 lakh p.a. (self-employed)
Credit Score Minimum 750; higher scores improve terms
Employment Minimum 2 years (salaried) or 3 years (self-employed)
Residence Valid Alwar address proof

Documents Required for Home Loan in Alwar

  • Identity Proof: Aadhaar, PAN Card, or Voter ID.
  • Address Proof: Utility bill, Aadhaar, or rental agreement (Alwar address).
  • Income Proof: Salary slips (last 3 months), ITR (last 2 years).
  • Property Documents: Sale agreement, title deed, approved plan.
  • Bank Statement: Last 6 months’ bank statements.

Benefits of Home Loan in Alwar

  • Loan amounts up to ₹2 crore for home purchase or construction.
  • Competitive interest rates starting at 8.25% p.a. .
  • Long repayment tenures up to 30 years.
  • Tax benefits under Section 24 and 80C of the Income Tax Act.
  • Subsidies under PMAY for eligible Alwar residents.

Factors Affecting Home Loan in Alwar

Interest Rate

Rates range from 8.25% to 9.5% p.a., based on credit score and lender policies.

Loan Amount

Up to ₹2 crore, depending on property value, income, and repayment capacity.

Credit Score

A score above 750 ensures better rates; lower scores may increase costs.

Property Type

Approved residential properties in Alwar qualify for higher loan amounts.

How to Apply for a Home Loan in Alwar

Follow these steps to apply for a home loan in Alwar through Loanpao:

  1. Visit loanpao.in and select "Home Loan in Alwar, Rajasthan."
  2. Fill out the online application form with details (name, Alwar address, income).
  3. Upload required documents (Aadhaar, ITR, property papers).
  4. Compare offers from top Alwar lenders like SBI, HDFC, and ICICI Bank.
  5. Get approval and funds disbursed within 7–15 days in Alwar.

Loan Eligibility for Home Loan in Alwar

Check your eligibility for a home loan in Alwar with Loanpao’s tool:

  • Enter your monthly income (minimum ₹25,000 for salaried).
  • Provide your credit score (preferably above 750).
  • Specify your employment type (salaried or self-employed).
  • Include your Alwar address for localized offers.

Loanpao will assess your eligibility and suggest the best home loan offers in Alwar.

Check Eligibility Now

Track Your Home Loan Application in Alwar

Loanpao provides a seamless tracker for your home loan application:

  • Submit your application ID on the Loanpao Tracker page.
  • Get real-time updates on status (e.g., under review, approved, disbursed).
  • Receive notifications for disbursal updates in Alwar.
  • Contact Loanpao support for assistance with delays in Alwar.
Track Application Now

Home Loan Comparison in Alwar

Compare home loan offers from top lenders in Alwar:

Lender Interest Rate Loan Amount Tenure Processing Fee
SBI 8.25% p.a. Up to ₹2 crore Up to 30 years 0.35% of loan amount
HDFC Bank 8.35% p.a. Up to ₹1.5 crore Up to 25 years 0.5% of loan amount
ICICI Bank 8.45% p.a. Up to ₹1.8 crore Up to 30 years 0.5% of loan amount

Frequently Asked Questions

A minimum monthly income of ₹25,000 (salaried) or ₹3 lakh p.a. (self-employed) is required.

Home loans in Alwar are disbursed within 7–15 days after document verification.

The maximum loan amount is up to ₹2 crore, depending on property value and income.

Yes, eligible Alwar residents can avail PMAY subsidies for home loans.

Missing an EMI may incur late fees and negatively impact your credit score.