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Securing a property in Amritsar requires a lender with strong local presence. SBI offers tailored home loan solutions with interest rates starting at 8.5%, covering key residential hubs including Ranjit Avenue, Green Avenue, Mall Road, Lawrence Road, Basant Avenue. Properties approved by ADA (Amritsar Development Authority) often get faster sanctioning.
Avg. 2BHK Cost (1000 sqft)
₹41,50,000
Based on avg rate: ₹2,800 - ₹5,500/sqft
Est. EMI with SBI
₹28,812
@ 8.5% for 20 Years (80% Loan)
₹2,800 - ₹5,500
Per square foot in Amritsar
ADA (Amritsar Development Authority)
Primary planning body for approvals
When applying for a loan at SBI for a property in Amritsar, you must adhere to RERA norms. Ensure you have these documents:
| Lender | Interest Rate | Network |
|---|---|---|
| SBI | 8.5% Onwards | Pan-Amritsar |
| HDFC Bank | 8.7% Onwards | Available |
| ICICI Bank | 8.75% Onwards | Available |
| Punjab National Bank | 8.4% Onwards | Available |
| Bank of Baroda | 8.4% Onwards | Available |
Disclaimer: Rates shown are indicative and for educational purposes only. Actual interest rates and terms may vary based on bank policy, RBI guidelines, and individual customer credit profiles.
Our analysis is built on deep-dive research into RBI Benchmarks and lender-specific disclosures. We verify every interest rate and fee structure against real-world borrower approvals to ensure the highest level of accuracy for Indian home buyers.