Gramin Bank Of Aryavart Home Loan Interest Rate at 8.15% to 9.90%

Note: Updated on Feb 2023, for latest interest rates, please visit bank website.

Calculate Gramin Bank Of Aryavart Home Loan EMI Calculate EMI Now

About Gramin Bank Of Aryavart

Gramin Bank Of Aryavart is a gramin bank in india established on 04-01-2013. It has headquarter in Lucknow and address is A-2/46, Vijay Khand, Gomti Nagar, Lucknow - 226 010. it has 677 branches across the state.

It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, loans, personal loans, netbanking, RTGS, NEFT, IMPS, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.

Gramin Bank Of Aryavart Home Loan Interest Rates, Housing Loan at and 8.15% to 9.90% Updated on May 2022. Apply for Home Loan Online. Find Gramin Bank Of Aryavart Home loan purpos, Eligibility, Margin, Repayment of Home Loan ,Security, Document Required for Home Loan from below.

Other Products of Gramin Bank Of Aryavart:

Why Gramin Bank Of Aryavart Home Loan?

1. Gramin Bank Of Aryavart provides a range of Home Loan Schemes designed for different needs of customers
2. Interest Rate is very competitive and affordable
3. Minimal Documentation
4. It provides Flexible Repayment Options to the borrowers
5. Easy and fast approval & disbursal of home loans
6. Has dedicated team of well-experienced employees which also offer personalised service
7. 24/7 customer care service of Gramin Bank Of Aryavart offers timely assistance to the customers

Gramin Bank Of Aryavart Home Loan Purpose

Financial assistance for purchase of land | flat and for construction of residential house.

Gramin Bank Of Aryavart Home Loan Eligibility

• The applicant must be an Indian citizen or a fully documented NRI. He, essentially, must be a Person of Indian Origin (PIO).
• The applicant's age must be in the range of 18 years and 70 years at the time of loan maturity.
• The applicant must be salaried or self-employed with a regular income.
• The applicant must earn more than the minimum required income.

Gramin Bank Of Aryavart Home Loan Document Required

1. Duly filled and signed application form with photograph
2. Identity Proof- Aadhar Card, PAN Card, Passport, Driving License, Voter id card, ID-card issued by Government
3. Address Proof - Aadhar Card, Passport, Driving License, Voter id card, Electricity/ Telephone/ Post-Paid Mobile bill, Bank statement
4. Age Proof - Passport, Birth Certificate, PAN card, Driving License, Voter id card, Employee ID card (only for PSU/ Government employees), School/ College leaving certificate
5. Form 16
6. Latest 6 months salary slips for salaried persons
7. Bank Statement of last 6 months
8. Income Tax Returns (ITR) of last 3 years
9. Last 3 years CA Certified or Audited Balance Sheet and Profit & Loss Account
10. Processing fee Cheque
11. Copies of the title documents of the property and the approved plan
12. For Construction/ Renovation case, cost estimate from the Architect

Tax Benefits of availing Gramin Bank Of Aryavart Home Loan

There are two types of tax benefits associated with home loan for Resident Indians:

Repayment of the Principal Amount: One can get a Tax rebate under section 80C of the Income Tax Act on whole amount repaid by him in a financial year, maximum upto Rs. 1,50,000/- each financial year (Increased from 1 Lakh to Rs. 1.5 Lakh in Budget 2014).

Repayment of the Interest on Home Loan: Tax Benefit on Home Loan for payment of Interest is allowed as a deduction under Section 24(1) of the Income Tax Act. One is eligible for a Tax Rebate of maximum of Rs. 2 lakh per financial year for home loan interest paid by him/her during that financial year.

Gramin Bank Of Aryavart Home Loan Amount

Rs 25 Lakhs in which Rs 5 lakhs is for repair | renovation | additional construction and Rs 50,000 for final touch

Margin

20%

Gramin Bank Of Aryavart Home Loan Repayment

Maximum 15 years in equated monthly installments.

Security

Mortgage of the property constructed | purchased.

In Case of Prepayment of Gramin Bank Of Aryavart Home Loan, will EMI change?

One can pre-pay Gramin Bank Of Aryavart Home Loan without any prepayment charges as it allows prepayment at nil charges in case of floating rate home loans. If the borrower makes a prepayment, the outstanding balance of principal amount of his home loan reduces. Then in that case he has following 2 options:

1. He can continue with the existing and reduce the loan tenure
2. He can reduce the EMI and keep the loan tenure the same

Out of above 2 options, first option is more beneficial for the borrower as he pay less interest to the bank as the pay off home loan will be faster.

How to reduce your Home Loan EMI?

• Negotiate with your banker on lower interest rate
• Apply for longer tenure
• Give maximum amount as down payment
• Pre-pay loan amount
• Switch to another bank/ FI offering lower interest rate

Contact details of Gramin Bank Of Aryavart, Gramin Bank Of Aryavart SMS balance check number SMS banking, Gramin Bank Of Aryavart mobile banking, Gramin Bank Of Aryavart toll free number,Gramin Bank Of Aryavart toll free number 24*7, Gramin Bank Of Aryavart miss call number.

• CUSTOMER CARE NUMBERS - 18004251112
• CONTACT NUMBERS - 0522-2398873-74,07388899783 7388800775, 7388800776 Fax-0522-2392986

Gramin Bank Of Aryavart Contact Details

• BANK OFFICIAL WEBSITE - https://www.aryavart-rrb.com
• CONTACT NUMBERS - 0522-2398873-74,07388899783 7388800775, 7388800776 Fax-0522-2392986
• EMAIL ID - agb_ho@yahoo.co.in
• CUSTOMER CARE NO. - 18004251112
• TOTAL BRANCHES - 677
• HEADQUARTER - Lucknow
• BANK ADDRESS - A-2/46, Vijay Khand, Gomti Nagar, Lucknow - 226 010

Gramin Bank Of Aryavart EMI Calculator  Gramin Bank Of Aryavart Branches
Gramin Bank Of Aryavart Home Loan FAQs  Home Loan Document Required

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