Which banks offer home loans for properties in Nagpur?

Major Banks & Housing Finance Providers in Nagpur

1. HDFC Bank (Home Loans)
   Offers home loans starting from 7.90% p.a., with features like Trufixed (initial fixed rate then adjustable). Local branches available in Civil Lines, Nagpur.
2. Bajaj Finserv (via Bajaj Finance / Bajaj Housing Finance)
   • Home Loans: Rates start at 7.49% p.a., with options like top-up loans, balance transfer, and PMAY subsidy (approx. 6.5% p.a.)
   • Housing Finance: Offers large loans (up to ₹5 Crore+) with quick disbursal and simplified documentation.
3. State Bank of India (SBI)
   A trusted national bank offering fixed and floating rate home loans (approx. 8.50%–9.10% p.a.), including the special Her Ghar Loan scheme for women borrowers at concessional rates.
4. ICICI Bank
   Provides a range of home loan products, including pre-approved loans even before property is finalized.
5. Grihum Housing Finance
   A local housing finance company offering loans starting from ₹5 lakh, competitive rates, minimal documentation, flexible tenure up to 30 years, and doorstep services in Nagpur.
6. Nirmal Urban Co-operative Bank
   A regional co-operative bank in Nagpur offering home loans starting at 11% p.a. onwards and featuring quicker e-approval processes.
7. Other Banks & HFCs in Comparison Tools
   According to aggregated listings (e.g., bankbazaar.com), several additional banks and housing finance companies are active in Nagpur, including LIC Housing, Karnataka Bank, Axis Bank, Union Bank, Bank of Baroda, Bank of Maharashtra, Kotak Mahindra, PNB Housing Finance, Aditya Birla HFC, Yes Bank, and more—offering interest rates typically ranging from 6.90% to 12% p.a., with processing fees up to 0.5% of the loan amount.

Final Thoughts

• National banks like SBI, HDFC, and ICICI provide reliability, branch access, and various features, including women-centric and pre-approved loans.
• Bajaj Finserv stands out with low starting rates and flexible, modern financing tools.
• Local players such as Grihum Housing Finance and Nirmal Urban Co-op Bank are ideal for localized service and ease of access.
• If you’re aiming for the lowest possible rate, watch for competitive offers from HFCs and smaller banks—but always compare documentation ease, prepayment terms, and processing speed.