Prathama UP Gramin Bank Home Loan Eligibility Criteria
Before you move ahead, it's important to check eligibility and understand the basic requirements.
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Eligibility Factor
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Criteria Details
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Nationality / Residency
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Must be Indian resident (or Person of Indian Origin with proper documentation)
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Age (Minimum)
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Generally, 21 years (some sources also mention 18 at application but typically 21+)
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Age (Maximum)
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Up to 65 years at loan maturity (up to 70 years in some documents)
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Employment Status
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Salaried, self-employed, professionals, business owners etc. (salaried/self-employed with regular income)
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Work Experience
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Minimum 1 year for salaried; often 2–3 years for self-employed (varies by scheme)
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Credit Score
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Good CIBIL score (higher score like ≥750 can help get best rates)
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Income Requirement
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Should have a regular and sufficient income to repay loan (exact minimum not publicly specified)
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Loan Purpose
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For purchase, construction, renovation, extension, furnishing, or land purchase (subject to rules)
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Security / Margin
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Registered/equitable mortgage of property required; margin varies (e.g., ~20–25%)
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This makes the loan suitable as a home loan for salaried person as well as borrowers seeking inclusive affordable housing finance.
Home Loan Schemes Offered by Prathama UP Gramin Bank
The bank offers practical housing loan schemes to match different housing needs:
Home Purchase Loan
For buying ready-to-move or under-construction residential properties.
Home Construction Loan
Suitable for customers who own a plot and want to construct a house.
Home Improvement / Renovation Loan
Designed for repairs, extensions, or modernization of existing homes.
Affordable Housing Loan
For eligible borrowers seeking a low-interest home loan, including access to applicable interest subsidy benefits.
These schemes focus on manageable monthly installment planning and long-term affordability.
Documents Required for Prathama UP Gramin Bank Home Loan
Keeping documents ready helps ensure faster processing and possible instant approval. Below is a simple checklist of documents required for housing loan applications:
| Document Category |
Documents Required |
Purpose / Notes |
| Application Form |
Duly filled & signed application form with passport-size photograph |
Standard loan application requirement. |
| Identity Proof (KYC) |
Aadhaar Card |
Primary identity proof. |
| PAN Card |
Tax ID and identity. |
| Passport / Voter ID / Driving License |
Alternative identity proofs. |
| Address Proof |
Aadhaar Card |
Can serve as address proof if updated. |
| Passport / Voter ID / Driving License |
Additional address confirmation |
| Utility Bill (Electricity/Telephone/Mobile) |
Recent bill showing address. |
| Latest Bank Statement |
May be accepted as address proof. |
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| Age Proof |
Birth Certificate |
To verify applicant's age. |
| PAN Card / Passport / Voter ID |
Backup age evidence. |
| Income Proof |
Form 16 |
For salaried applicants. |
| Salary Slips / Employer Certificate |
Proof of income & employment. (implied standard requirement) |
| Bank Statements (6–12 months) |
Shows income credit history. (common requirement) |
| Property Documents |
Sale deed / Title deed |
Legal proof of property ownership. (common requirement) |
| Approved building plan / NOCs |
For construction loans. (typical requirement) |
| Other Supporting Documents |
Processing fee cheque/DD |
For loan processing charges. (standard practice) |
| Passport-size photographs |
Usually required with application. |
Last 3 months’ salary slips + Form 16 + 6 months bank statements |
Last 2–3 years ITR + CA-certified income computation + 6–12 months bank statements
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| Photographs |
Recent passport-size photographs |
Maintaining a good credit score and submitting verified income documents helps ensure smoother processing.
Tax Benefits on Home Loan in India
Borrowers can enjoy attractive tax benefits on home loan in India, reducing overall tax liability:
Section 80C – Deduction up to ₹1.5 lakh on principal repayment
Section 24(b) – Deduction up to ₹2 lakh on interest paid for self-occupied property
Additional Benefits – Extra deductions for first-time homebuyers, subject to eligibility
Interest Subsidy – Available under government-backed affordable housing schemes, where applicable
These benefits make home purchase financing more economical over the long term.
Loan Processing Fees & Other Charges
Prathama UP Gramin Bank follows a transparent and borrower-friendly fee structure:
- Processing fee as per bank norms
- Legal and technical verification charges
- Documentation and registration expenses
- No hidden or unexpected charges
You can calculate EMI in advance to select a comfortable repayment tenure.