Home Loan in Pune

Apply for a home loan in Pune to get the benefit of affordable interest rates and flexible EMI options

Housing Loan in Pune

Boasting strong IT (Information Technology) and manufacturing industries, Pune is an important commercial centre of the country. Pune also houses many renowned educational institutions, which attract students from all over the country. Its serenity and greenery also contribute to the high demand for homes in the country. Navi offers home loans in a 100% paperless manner to help set up a new home in Pune. Navi makes it a lot easier to get a home loan in Pune. Navi offers home loans at affordable prices with flexible tenure that makes repayment much easier. at attractive interest rates and flexible EMI options. The entire process is online and just takes a few minutes. Just download the Navi app and apply! requiring you only to get the Navi app to apply for a home loan!

Home Loan in Pune Details

When you decide to purchase or construct a house in Pune, you can finance the purchase with a home loan. With Navi, getting a home loan has become easier. You can get sizeable funds up to ₹5 crore at an attractive rate starting from 7.39% per annum. Moreover, you can avail the benefit of zero processing fees. The table below provides an overview of this loan:

Get a step closer to becoming a homeowner in Pune. With Navi’s flexible EMI options and a loan tenure of up to 30 years, you can repay the loan at your convenience. Navi offers the one of best home loan interest rates in Pune. Here are the details of Navi Home Loan:

Loan AmountUp to ₹5 Crore
Loan TenureUp to 30 Years
Interest Rate7.89%
Processing FeeNil

Home Loan in Pune – Features and Benefits

Navi is one of the best home loan providers in Pune. Here are its features and benefits:
Don’t have to wait for days. Get an instant home loan up to ₹5 crore
Avoid heavy paperwork with Navi. Just download the app and apply!
Navi keeps the home loan rates as low as 7.89% p.a., so you easily afford it
Enjoy flexible EMI options with a loan tenure of up to 30 years
No need to buy a mandatory home loan insurance

Home Loan in Pune - Features and Benefits

HL City Features&Benefits

Home Loan Interest Rate in Pune With Other Charges

HL City InterestRate&Charges

Home Loan Interest Rate in Pune with Other Charges

Get a home loan at attractive interest rates starting from 7.89% p.a.
Apply for a housing loan with Navi at a competitive interest rate that starts at 7.89% p.a

Navi does not charge any processing fee. Get the exact amount you want to borrow

Close your loans early. Navi does not charge any foreclosure fees

Home Loan EMI Calculator

You can easily get a home loan through the Navi app. But planning your home loan EMIs can help repayments easier. Calculating the home loan EMI can help you plan your finances better. You can use the Navi Home Loan EMI Calculator to get an estimate of your monthly EMI obligations. Just insert the requisite amounts in the corresponding spaces to receive accurate results instantly. All you need to do is enter the loan amount, loan tenure and rate of interest. The online EMI calculator will display the results in seconds.

The formula to calculate home loan EMI is:

EMI = {P x R x (1+R) ^ N} / {(1 + R) ^ N – 1}

Here, P stands for the principal loan amount. R is the rate of monthly interest divided by 100. Finally, N stands for the number of EMIs you need to pay. For example, if the loan tenure is 10 years, then N will be 120.

Where, P = Principal loan amount, N = Loan tenure in months, R = Monthly interest rate

The rate of interest on your home loan is calculated monthly.

For example, if you have taken a home loan of ₹85 lakh at an interest rate of 7.39% and a loan tenure of 10 years, your monthly EMI would be:
EMI = ₹{85,00,000 x 0.00615 x (1 + 0.00615)^120} / {(1 + 0.00615)^120-1} = ₹1,00,409

Loan Amount

Rate of Interest (P.a)

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Loan Tenure (Years)

Years

Monthly EMI

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Total Interest

Total Amount

Home Loan Amortization

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How to Apply for Home Loan in Pune

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How to Apply for Home Loan in Pune

Apply easily for a home loan in Pune with Navi. Follow the below steps:
Download the Navi app from the Google Play store or App store
Enter your name, email and date of birth
Enter your employment details such as monthly salary, company name, PAN card, etc.
Select the city you reside in
Make sure to complete your KYC verification with PAN, bank statements and Aadhaar
Get provisional loan sanction letter

Housing Loan Eligibility in Pune

Any resident Indian is eligible to apply for a housing loan in Pune with Navi
Any individual between the ages of 25 and 62 years can apply for a housing loan with Navi
Salaried or self-employed individuals can apply for a home loan with Navi

Housing Loan Eligibility in Pune

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Documents Required for Home Loan in Pune

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Documents Required for Home Loan in Pune

You can avail a home loan with Navi with minimum documentation. To complete your KYC, you will need the following documents:

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Enjoy attractive interest rates starting at 7.89% p.a. with flexible EMI options.

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Frequently asked questions

Getting a home loan in Pune is simple. Just download the Navi app from the Play store or App store. Enter the loan amount, city, employment details and personal details. Complete the KYC verification. You will receive the home loan amount in your bank account. However, do not forget to calculate EMI obligations before deciding on the loan amount and tenure.
Home loan interest rate in Pune varies from lender to lender. Moreover, it also depends upon an applicant’s credit score. If you have an excellent credit score, you can avail of a home loan at an attractive interest rate. Other factors deciding the interest rates include the property’s value, loan tenure, LTV (Loan-to-Value) and the prevailing market rates.
The time taken for loan disbursal varies from lender to lender. For most lenders, it can take anywhere from a few days to a week to process a home loan application. However, Navi offers instant home loans where you can get the sanction letter within minutes. The entire process is online and hassle-free.
Yes, you can borrow a home loan to add floors to your existing property. You can avail of a home loan for purchasing a new house/apartment, constructing a new house and buying a plot of land for building a house. Moreover, you can also borrow a home loan to extend or renovate your house.
The cost of a home loan is directly proportional to its tenure. If you have a longer tenure, the EMI amount will decrease, but the total interest amount will increase. If the loan’s tenure is short, its EMI amount would be high, but its total interest outgo would decrease. However, a short tenure makes it difficult to make EMI payments.

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