|Ranchi is a city located in the Northeastern part of India. Ranchi is the capital city of the state of Jharkhand and as a major industrial center in this part of the country. Though not very large in size, Ranchi is a very populous city. Residential areas in Ranchi are thickly crowded with houses and apartment buildings. Lot of new houses are also under construction in the city because large number of people from other parts of the country are settling here, mainly for professional reasons. On the other hand, the beautiful city of Ranchi is a also a popular tourist destination and is visited by lot of people throughout the year. That is why you would get to see a large number of hotels in the city. In the recent times, building houses, hotels and restaurants in the city has become very easy as several banks and financial service companies have started providing home loans in Ranchi. As it is the capital city, a major industrial sector and a popular getaway for tourists, the price of land is considerably high here than other parts of Jharkhand. Buying a plot of land and building a house or a hotel here is not very easy for common men, because they often do not have that much bank balance.
And that is why large number of people are now applying for home loans in Ranchi to the banks and finance service companies.
At present there are several banks and financial service companies in India that are offering home loans in Ranchi at cheap rate. You just need to apply for a home loan to a bank or financial service company of your choice. An agent will come to you, check your salary slip and making calculation on your rate of income he will tell you the amount of loan you can apply for you. Thanks to excellent service by these organizations, the process of getting loan does not take much time. Within amount you would get your loan and have to repay it in equal monthly installments within a particular period of time. Genarally home loans in Ranchi are given for 20 years term. Both fixed rate and floating rate of interests are charged on home loan amounts in Ranchi.
At present, the leading providers of home loans in Ranchi are:
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