Nainital Bank Home Loan Interest Rates
Nainital Bank home loan – Quotes on EMI, Interest Rates, MCLR Rates, Eligibility, Documents, Processing Fees & Charges at emicalculator-india.com. Borrowers can use this tool for free. Home Loan from Nainital Bank. Apply for Housing/Home Loans Online & avail Nil Prepayment Charges, Low Interest, Quick Processing & Flexible Repayment.
Nainital Bank offers home loans in floating & fixed type of interest rates. All individual/s who own in his/her name the land on which the proposed house is to be constructed along with a construction plan duly approved/sanctioned by competent authority/body. In case the land on which the proposed house is to be constructed stands in the joint names, all the joint owners should be made co-borrowers. The member of registered group housing society & farmers/agriculturists are also eligible under the scheme.
Beneficiaries- Govt. & PSU employee / Salaried person / Professionals and Businessmen :
A person, whose more than 50% income is derived from agriculture, falls in the category of farmer under the scheme.
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Nainital Bank Home Loan Interest Rates
| Interest Rates | 8.15% – 8.20% |
| NRLLR | 8.15% |
| Processing Fee | N.A |
| Pre Payment Charges | Nil |
| Repayment | 20 Years |
| Gurantor | Mortgage of House / Flat |
| Age | 21 – 65 |
| Loan Amount | 5 Crore |
| Margin | 25% |
| Bank | Nainital Bank |
| Toll Free Number | 05942-236313 |
Example – Below the pre-calculated emi at interest rate of 8.15% for Rs. 9 lakh amount.
| Loan Amount | Tenure In Years | Monthly EMI | Total Amount | Total Interest |
| 9 lakh | 5 | ₹18,313.43 | ₹10,98,805.93 | ₹1,98,805.93 |
| 9 lakh | 10 | ₹10,990.95 | ₹13,18,913.79 | ₹4,18,913.79 |
| 9 lakh | 15 | ₹8,678.99 | ₹15,62,217.32 | ₹6,62,217.32 |
| 9 lakh | 20 | ₹7,612.20 | ₹18,26,926.84 | ₹9,26,926.84 |
| 9 lakh | 25 | ₹7,036.01 | ₹21,10,803.87 | ₹12,10,803.87 |
| 9 lakh | 30 | ₹6,698.23 | ₹24,11,363.97 | ₹15,11,363.97 |
About Bank – The Nainital Bank Limited is a scheduled commercial bank founded in 1922. The bank is a subsidiary of Bank of Baroda, the second largest bank in India.