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LIC Housing Finance Home Loan in Chandigarh

Interest Rate starts from 8.50%

LIC Housing Finance Home Loan Interest rates in Chandigarh

Please Find the Detailed LIC Housing Finance Home Loan Interest Rates For Various Categories

LIC Housing Finance Home Loan Floating interest Rates

Up To 20,00,00020,00,000 To 75,00,00075,00,000 Above
Non Resident Indian8.55%8.60%8.70%
Pensioners8.55%8.60%8.70%
Resident Indian8.55%8.60%8.70%
Women8.50%8.65%8.65%

LIC Housing Finance Home Loan My Choice-2 (Fixed For 2 Years)

Up To 20,00,00020,00,000 To 75,00,00075,00,000 Above
Non Resident Indian9.00%9.00%9.00%
Pensioners9.00%9.00%9.00%
Resident Indian9.00%9.00%9.00%
Women9.00%9.00%9.00%

LIC Housing Finance Home Loan My Choice-3 (Fixed For 3 Years)

Up To 20,00,00020,00,000 To 75,00,00075,00,000 Above
Non Resident Indian9.05%9.10%9.10%
Pensioners9.05%9.10%9.10%
Resident Indian9.05%9.10%9.10%
Women8.95%9.00%9.00%

LIC Housing Finance Home Loan My Choice-5 (Fixed For 5 Years)

Up To 20,00,00020,00,000 To 75,00,00075,00,000 Above
Non Resident Indian9.15%9.20%9.20%
Pensioners9.15%9.20%9.20%
Resident Indian9.15%9.20%9.20%
Women9.00%9.05%9.10%

LIC Housing Finance Home Loan My Choice-10 (Fixed For 10 Years)

Up To 20,00,00020,00,000 To 75,00,00075,00,000 Above
Non Resident Indian9.25%9.30%9.30%
Pensioners9.25%9.30%9.30%
Resident Indian9.25%9.30%9.30%
Women9.05%9.10%9.15%

LIC Housing Finance Home Loan My Choice Sure Fixed (Fixed For entire Tenure)

Up To 20,00,00020,00,000 To 75,00,00075,00,000 Above
Non Resident Indian9.50%9.50%9.50%
Pensioners9.50%9.50%9.50%
Resident Indian9.50%9.50%9.50%
Women9.25%9.30%9.35%

Loan To Value (LTV) For LIC Housing Finance Home Loan in Chandigarh

Please Find the Detailed Margin Money Details For LIC Housing Finance Home Loan
Up To 20,00,00020,00,000 To 75,00,00075,00,000 Above
Non Resident Indian85.00%80.00%75.00%
Pensioners85.00%80.00%75.00%
Resident Indian85.00%80.00%75.00%

Features of LIC Housing Finance Home Loan Chandigarh

Type Features
Processing FeeUpto 2%
Pre Closure ChargesNil
Part Payment ChargesNil
Min Tenure1 Years
Max Tenure30 Years
Min Age21 Years
Max Age60 Years
Min Loan AmountRs.1,00,000/-
Max Loan AmountRs.10,00,00,000/-

LIC Housing Finance Home Loan Chandigarh Charges

Type Charges
E M I Bounce Charges1.5% Per Month
Duplicate Statement ChargesFree
Insurance CoverUpto Loan Amount
Inspection ChargesAt Actuals
Legal Opinion Valuation ChargesAt Actuals
Cheque Swapping ChargesRs. 500/-
Bounce Cheque Charges350/-
Issue Duplicate Provisional Interest CertificateFree
Issue Duplicate Interest CertificateFree
Duplicate Balance CertificateFree
Issue Amortization Schedule DuplicateFree
Switch Variable To Fixed0.5% of the principal outstanding
Switch Fixed To Variable0.5% of the principal outstanding
Photocopy DocumentsRs.1000/-

Documentation For Home Loan

  • Filled Application form
  • Identity Proof (PAN CARD)
  • Address Proof
  • Latest 3 months Payslips
  • Job Continuity Proof
  • 2 Passport Size colour Photographs
  • Co-Applicant identity proof, Address Proof
  • Co-Applicant relationship Proof and Photograph
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate
  • Property Related documents
  • Filled Application form
  • Identity Proof
  • Address Proof
  • Last 2 years Income Tax Returns
  • Professional/Self employed existence proof for more than 3 years
  • 2 Passport Size colour Photographs
  • Co-Applicant identity proof, Address Proof
  • Co-Applicant relationship Proof and Photograph
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate
  • Property Related documents
  • Passport
  • Driving License
  • PAN card
  • Photo credit card (with embossed Signature and last two months statement)
  • Banker's sign verification
  • PAN Card
  • Passport
  • License
  • School leaving certificate
  • Voter card
  • Birth Certificate
  • LIC policy (only for age Proof)
  • Passport
  • Telephone bill (BSNL/MTNL)
  • Electricity bill
  • Title deed of property
  • Rental agreement
  • Driving license
  • Election ID card
  • Photo-credit card (with last two month statements)
  • Latest salary slip
  • Current dated salary Certificate with latest form 16.
  • Latest year IT Returns with Tax Audit reports(For Self Employed applicants)
  • Form 16
  • Relieving letter
  • Appointment Letter (for last two months)
  • Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)
  • Bank statements of latest 2 months
  • 3 months bank passbook
  • Min of 15 years of Link documents of Property
  • Min 15 Years of Encumbrance Certificate (EC) of the property obtained from Govt. Authorities
  • Property Sanction plan
  • BRS/LRS copies (if required, any)

LIC Housing Finance Home Loan FAQ's

What makes LIC Housing Finance Ltd. my best choice?

"Here's why a loan from LIC Housing Finance Ltd. means a complete peace of mind • Lowest Interest Rates • Easy application , quick approvals. • Insurance - linked security. • Largest Network. • No Hidden Costs A financially strong and stable company we have already sanctioned loans to over 10 lakh applicants With a network of more than 150 offices in the country we are always accessible to applicant , wherever applicant may be "

What is meant by Floating & Fixed Rate of Interest?

"Where the loan is under Floating Rate of Interest, the Rate of Interest are at present reviewed every three months ( January, April, July, October ) based on the prevailing market conditions as judged by the Company and LHPLR. The revised Floating Rate of Interest could increase, decrease or remain the same. However, the Rate of interest will be reviewed every 6 months (January, July) for old Customers as per thier loan agreements. Where the loan is under Floating Rate of Interest, the Rate of Interest are at present reviewed every three months ( January, April, July, October ) based on the prevailing market conditions as judged by the Company and LHPLR. The revised Floating Rate of Interest could increase, decrease or remain the same. However, the Rate of interest will be reviewed every 6 months (January, July) for old Customers as per thier loan agreements. "

Does LICHFL give loan for purchasing consumer durables?

No

Does LICHFL have any overseas office for NRIs in the Gulf?

Yes, LICHFL have an overseas office in Dubai and Kuwait.

Who Can Apply For The Loan?

"The applicant must be in permanent service or engaged in a profession or business to be eligible for a loan. You should have a stable job and a regular income . Our loan schemes are for those going in for a residential house. We may be able to advance you a loan under our scheme if you want to - A. Construct/purchase a new House/Flat B. Buy an existing house or flat not more than 35 years old. C. Extend an existing House. D. Renovation/repairs to an existing House/Flat. "

Who Can Be Co-Applicant?

The Co-owners of the property in respect of which financial assistance is sought, must be co-applicants. Usually joint applications are from husband-wife,father-son or mother-son. The co-applicants must be blood relatives.

How Much Does LICHFL lend?

"Loan amount is determined on the basis of the repayment capacity of the applicant/s. Repayment capacity takes into consideration factors such as age, income, dependents, assets, liabilities, stability of occupation and continuity of income, savings etc.. The maximum loan would be Rs.150 lakhs per unit to any individual applicant. LICFHL will extend loan upto 85 % of the cost of property vaue (including Stamp duty & Registration charges). Beyond Rs. 150 lakhs, individual cases would be decided based on merits."

For How Long A Period Can I Get Loan?

LICFHL grant term upto a maximum of 25 yrs (maximum 15 years under GrihaShobha for NRIs). The term for the loan will under no circumstances exceed the age of retirement or completion of 70 yrs of age whichever is earlier.

What Is The Mode Of Repayment?

"Equated Monthly Instalment (EMI) It means a uniform lumpsum amount, which includes repayment of a part of the principal amount and payment of interest, calculated on Monthly Rest basis. The amount is payable monthly. EMI can commence - • Immediately after full disbursement. or • After the loan is fully disbursed or until 12 months from the date of first disbursement whichever is earlier Untill EMI starts, Interest is payable on the Amount Disbursed on monthly basis. "

What Is The Security For The Loan?

The security for the loan is the first mortgage of the property to be financed by way of deposit of the title deeds, subject to local laws.

When / How / Where Can Loan Application Be Made And How Long Will It Take?

"An Individual loan application form is available from any of our Offices and also can be downloaded from our website. In case of purchase of new flat , you may apply for a loan after you have entered into an agreement with the Builder/Seller and have paid earnest money to the Builder/Seller to purchase the dwelling unit. Loan can be applied only at the Area/Unit office where the proposed property is situated. In case of re-sale, the loan will be disbursed in a Single instalment, with least time-lag, provided, all the requirements are complied with expeditionsly. In case of construction, loan will be disbursed in instalments depending upon the progress of construction and on the requirements being complied with "

What Will Be The Interest Rate?

The Interest Rate is dependent on the purpose for which the Housing loan is taken. To know the details of the Interest Rates for different purposes please see the section Loans >> Home loans.

What Are The Supporting Documents Required While Applying For The Loans?

"Common requirements for all applicants. • Application form duly filled in • Identity Proof such as PAN Card, Voter’s ID Card or Passport. • Address Proof such as Ration Card, Electricity Bill, Telephone Bill, etc. • Bank Pass-book or statements for the last two years. • Power of Attorney, wherever applicable Additional Requirements> For salaried persons • Salary slips for last 6 months. • Form 16. For Businessmen / Self-employed • Three years' income tax returns/assessment orders alongwith computation of income and statements of accounts certified by C.A. • Three years financials – Profit and Loss account, Balance Sheet, Audit Reports, etc. Purchase from builder • Copy of Agreement for sale. • Copy of registration receipt • Copies of receipts of payment already made. • NOC from builders • Copy of Sanctioned plan and sanction letter. • Copy of NA permission / ULC clearance, wherever applicable. Direct allotment in a Co-operative Housing Society • Allotment letter. • Share certificate • Society registration certificate. • Copy of sale/lease deed in favour of the society. • NOC from society • Copy of Sanctioned plan and sanction letter • Copy of NA permission / ULC clearance, wherever applicable. Direct allotment in a Co-operative Housing Society by Public Agency • Allotment letter, Sharecertificate, Society Registration certificate. • Lease Agreement. • Public agency's approved list of members • NOC from Public Agency in favour of LICHFL • NOC from society. Public Agency's allotment to individuals • Allotment letter from Public Agency • Tripartite Agreement between the borrower, LICHFL and the Public Agency in the prescribed format. Resale • Copy of all previous vendors' registered documents along with copy of your purchase agreement duly stamped and registered and the registration receipt wherever applicable • NOC from Society/Builder. • Original Share Certificate wherever applicable "

Stages Involved From Application To Disbursement

"1. Submission of application with supporting documents. 2. KYC and other verifications and CIBIL report. 3. After scrutiny of application personal interview by a company official. 4. Issue of Loan offer Letter by the Company 5. Title clearance through our panel advocate. 6. Valuation of property by our Panel Valuer and inspection of property by company official. 7. If the above reports are O.K., collection of documents for stamping and deposit of original title deeds. 8. Stamping of documents, execution of documents and disbursement. Notes: • Since the validity of a stamped document for its execution is 6 months, the documents should be stamped only after approval of the valuer's report. "

Any Tax Benefits

Exemption under sec 80C of IT Act for repayment of principal upto Rs.100000/-. Deduction under Sec 24 of IT Act for interest payment on housing loans uptoRs. 1,50,000/- (in respect of self-occupied house property acquired or constructed with capital borrowed on or after 1.4.99. To know the Tax Savings on availing Housing Loan

What if I repay my Principal Amount in Lumpsum?

"Prepayment charges are applicable @ 2% on the Principal repaid. Prepayment charges are not applicable on floating rate scheme "

About LIC Housing Finance

LIC Housing Finance Ltd. is one of the largest Housing Finance company in India. Incorporated on 19th June, 1989. The Authorized Capital of the Company is Rs.1500 Million (Rs.150 Crores) and its paid up Capital is Rs.1009.9 Million ( Rs.100.99 Crores). The Company is registered with National Housing Bank and listed on the National Stock Exchange (NSE) & Bombay Stock Exchange Limited (BSE).

The main objective of the Company is providing long term finance to individuals for purchase or construction of house or flat for residential purpose / repair and renovation of existing flat / houses. The Company also provides finance on existing property for business / personal needs and also gives loans to professionals for purchase / construction of Clinics / Nursing Homes / Diagnostic Centres / Office Space and also for purchase of equipments.

The Company has set up a Representative Office in Dubai and Kuwait to cater to the Non-Resident Indians in the GLCC countries covering Bahrain, Dubai, Kuwait, Qatar and Saudi Arabia. Today the Company has a proud group of over 20 LACS prudent house owners who have enjoyed the Company's financial assistance.

LIC Housing Finance Highlights

Best CEO Award by Business Today
Most Respected Company Award by Business World
Best Housing Finance Company by Outlook Money
Best Housing Finance Company by ABP News
Best Data Quality by CIBIL
Asia Pacific Entrepreneurship Award

Home Loan Can Be Used For Many Purposes Like Below

For Construction of a New House

For Purchase of Dream Home

For Interiors of Home

Purchase of Open Land

To Buy an Apartment

Home Renovation

To Purchase a New Villa

Construction of Commercial Building

Why Home Loans?

Most of the families prefer to have their own house whether big or small. There is a significant difference staying in a self owned house than in a rented shelter. House is the most costly asset owned by middle and upper middle class families and it has emotional value. Affording own house with actual money is not always possible. Even though a person has stable income, years of savings are required to own a house in this current market. A Home loan answers the problems of those people who are willing to have their own home but do not have sufficient money to do that. You can now own your dream home by availing Home loan.

Home loan is normally for purchase of a new House/ Flat/Plot or renovation/ renewing of existing residential or commercial properties. Home loans are provided by Banks and registered finance companies. In Indian market there are several Banks/ HFCs providing Home loans at competitive interest rates. Home loan is always secured against the property that you buy. In case you are unable to repay the loan amount the lending bank will have right to take possession of the home.

In case of a Home loan entire lump sum amount will be sanctioned and disbursed initially based on the credit worthiness. You can plan your housing loan repayment tenure varying from 10-30 years and is repayable in form of EMIs. The rate of interest applicable is linked with Bank's base rate. You have a option to chose floating interest rate or fixed interest rate for the loan amount. For those who want the EMI amount to be fixed and are intending to plan their payments accordingly can opt for fixed interest rate. Those who are ready to take minimal risk and intend to avail the advantage in the long run can avail floating rate of interest. Floating rate of interest is more beneficial in the long run.

Expert Advice

Best Practices for Home Loan

Buyer has to ensure sufficient due diligence before finalizing the property. Certain aspects like builder credibility, availability of required approvals, and legal clearance of property to be checked before buying a property. Though it costs little extra it is advisable to get the assistance of experts for buying a property. This will help in avoiding costly mistakes.
Calculate and plan the total expenditure involved in purchasing a property. Apart from the cost of the property there are other related expenses like stamp duty, loan application charges, processing fee, valuation fee, legal fee etc which need to be meet from own funds of the buyer. Property buyer to invest around 20-25% of the total cost apart from loan. It is to be ensured that sufficient cash reserves are available to meet these expenses.
Based on your earning and repaying capacity decide the home loan amount to be taken. The various factors to be taken into consideration include your income, fixed obligations, remaining work experience, future growth prospects, future expenses like children education, marriage etc, other source of income, job related risks etc. This thorough analysis will help in taking right decision. This will help in not making a mistake of taking small loan when your income supports higher loan and taking high loan when your income do not support a huge amount.
Improve your credit history. Clearing of all overdue before applying for home loan will helps to improve the credit score. It is to be noted that your loans will not go into 30-60 or 90 days delinquency which reduce the credit score. Loan dues to be paid before the credit card payments which have higher impact on the credit score then the credit card payment. Prioritize the payments.
Do hold all the documentation required for processing the loan in originals and copies. This will help in easy verification of documents and fast processing. Any change in the employment, changes in pay structure etc during the loan process to be intimated to the concerned officer who helps in avoiding disconnect.
Save the best possible amount from your income. This will help you in having the large down payment. During the tenure of loansave the income, which can be used for prepay of principal amount. Ensure that there are no prepayment charges before making prepayment.

Things not to do for Home Loan

Do not avail any short term loans like vehicle loans, Home Loans, credit cards before going for a home loan. Any additional loan taken will reduce your Home Loan eligibility.
Do not be very optimistic about your future income and make a choice of high loan amount. This will increase your worries and you make feel unsecured.
Do not change your employer without knowing the impact on the approval of your Home loan.
Do not get into a contract with emotions, do proper research before taking a property and ensure it is right fit for you.
Do not jump into a conclusion, do the required homework before applying for home loan.
Do not forget to read the small print, ensure to read all the terms and conditions before signing the agreements.
Do not forget to make the payment of instalments. Ensure sufficient balance in the account to meet the EMI on a monthly basis.
Do not apply for a home loan only just you have eligibility. First select the property get the technical and legal cleared then go for the home loan. In case if you have applied for a home loan and it is sanctioned based on your income, subsequently property is not eligible under Bank norms you will end up losing the processing fee.

Interest Rates

1) Credit/CIBIL History:
If you have good credit/CIBIL record then banks will definitely award you with a better rate of interest. This means that if you have taken a loan previously and managed to pay it off without defaulting then you will have a high credit/CIBIL score. Apart from the loan the banks also take into account payment of your credit card bill record.
2) Nature of Employment:
The nature of your job also plays a crucial role in determining the interest rate. Banks have different checks in place if you are a salaried individual vis-à-vis a self employed person. So if you are working with a reputed organization then banks will be able to extend a cheaper rate of interest. But if you are working with an organization that is not very well known then a higher rate will be charged. In case you have your own business then banks will give you a loan even if you are in an advanced age. On the other hand in case you are a salaried employee then a loan will not be extended if you are nearing the age of retirement.
3) Bank-Customer relationship:
If you approach the bank where you already have a bank account and you are a valued customer then banks may give you certain leeway. This mean you can negotiate with the bank for a cheaper interest rate. Most banks agree to give a concession of 0.5-1% on the interest rate.

So next time you go around shopping for a Home loan, remember that these three points will affect the amount that the bank sanctions and the interest rate that it is levied. In the next article we will cover more points that affect interest rates on Home loan. So stay tuned!

Other Benefits

1) Tax Benefits:

As per Income Tax Act 1961, under section 80C, Principal repayment up to Rs. 100000 on your home loan taken for purchase or construction of a residential home property is eligible for deduction from gross salary on a annual basis.

As per Income Tax Act 1961, under section 24, Interest on home loan to an extent of Rs. 150000 P.A is allowed as expenditure under the head “Income from House Property”.

In case home loan is take by two or more jointly then under sec 80C deduction is allowed on proportionate basis.

2) Tips for Home Loan:

To increase the loan eligibility go for a joint loan. Combine your income with that your spouse or your parents.

Loans must not be taken for holidays, investing in stocks, weddings, buying expensive gadgets etc.

In case of Bad credit score take a short term loan (6 months) and repay it promptly and improve your score then.

Have the property insurance and buy loan protector life insurance for unexpected future risks.

Do not avail any short term loans like vehicle loans, Home Loans, credit cards before going for a home loan.  Any additional loan taken will reduce your Home Loan eligibility.

Facts about Home Loans

The Banks/Financial Institutes takes care about the following, when you apply for a Home Loan.

A) Earnings & repayment capacity

The Banks/Financial Institutes have their own norms and hence there will be difference in the loan amounts sanctioned to you by different the Banks/Financial Institutes. The main focus of the Banks is on your repayment capacity. They analyze how comfortably you will be able to pay the EMIs throughout the tenure of the loan. This analysis is done based on the ratios like Fixed obligation to Income ratio (FOIR) and Installment to income ratio (IIR).

These ratios are expressed in percentage. FOIR includes all your fixed obligations including EMIs on your existing loans. IIR indicates the percentage of monthly home loan installment of the total income. These two ratios may vary based on actual salary details, years of experience, stability of income, professional qualification, future career growth prospects etc.

B) Property legal and technical clearance:

Banks will not finance all properties. Banks look into various aspects like type of property, locality, Builder etc. They have certain type of properties and localities classified as negative. Therefore before finalizing a property one has to check whether the property is eligible for funding. Though it costs you little extra it is always better to check the legal and technical aspects before buying a property. Banks normally have loan to value (LTV) of 70-85% of value/ cost of the property considering type of property.

Apart from the above two mentioned parameters there is one additional and most important thing the Bank looks into is Credit history. Willingness to repay can be understood from ones past credit history and banking track.

Before selecting the Bank the following are the few points to be understood. All these will help you in selecting a right home loan lender for purchasing your dream home.

1. What is the Loan amount which the Bank is willing to extend based on FOIR?
2. What is Loan to value of the property?
3. What is the EMI amount and repayment tenure allowed?
4. What are the prevailing Interest rates and what is offered to you?
5. What are the other charges involved like processing fee, administrative fees, legal & technical fee, prepayment penalties, stamping charges, annual maintenance charges, insurance policy etc?
NOTE: Last but not least do not forget that any default in payment of home loan installments is more costly than your regular rent payments. Any such default will affect your Credit history badly and you have to bear high penalty for the same.

Home Loan Vs Mortgage Loans

Home Loans Mortgage Loan
Home loan can be availed for own/purchase of new property (Home or Flat). Mortgage loans will be provided based on already owned property.
Under Home Loan, loan can be availed only for purchase of new property. There is no restriction on mortgage loan usage. It can be used for any purpose.
Housing Loan will be provided for max of 25 years, some banks can extend it to 30 years also. Mortgage loans will be restricted to max of 10 years of term, which will be varying from bank to bank in India.
Home Loans interest will be as low as 9.95% to max of 11.5%, these interest rates will be subject to change as per market condition. Interest rate will be very from 12% to max of 15% based on the bank to bank. Generally mortgage loans will be fixed interest loans.
Home Loan customers can be eligible for Income tax deduction of Rs 1.00 lakh on housing loan interest under section 80EE. This would be in addition to the existing tax benefit of Rs 1.5 lakh under section 24, only if the value of the property purchased should not exceed Rs 40 lakh. Also, it could result in maximum savings of Rs 30,000-31,000. If the money received from a mortgage loan is used for business purposes, the interest can be claimed as an expense on the balance sheet of the business. However, if an individual is using it for personal end use, like marriage or medical expenses, the interest is not tax deductible as per income tax guidelines.
Loan can be availed up to max of Rs. 1.0 Cr under home loan, for real estate project funding it can be up to Rs. 20.0 based on the bank risk appetite. Mortgage Loans can be avail up to Rs. 15.0 cr based on the type of property and its usage and value of property and eligibility of applicants as per banks norms.
There is no prepayment penalty for the housing loan customers, when the loan will be cleared by the own funds. There will be pre payment changes will be applicable for mortgage loans. This will be vary from 1% to 3% as per bank internal guidelines.
Part pre Payments will be allowed in Housing Loans. There were no part prepayment will be allowed for Mortgage loans.
Housing Loan can be availed with joint eligibility by Husband and wife or blood relatives. Mortgage loans also avail with the joint eligibility as company and director or blood relatives.
You can avail max of 80% of the property value as a home loan as per your eligibility criteria. In Mortgage Loan max of 65% property value can avail as a Loan based on the type of property.
You can avail a top loan facility on your home loan. Top up facility will be vary from bank to bank internal guidelines.

About Chandigarh

Chandigarh is a city and the capital of india states of Haryana and Punjab. It is situated in the foot of Shivalik hills.The city Chandigarh is located in western side of river Gaggar is one of the fastest growing city with a population decadal growth rate of 40.30%. The construction of capital city of joint Punjab was started in early 50s.

The City Chandigarh was declared a Union Territory in the year 1966 with joint capital of both the states of Punjab and Haryana. and Shimla National highway. The Chandigarh Administration has set up a Rajiv Gandhi I.T. Park nearby village Kishangarh where in many MNCs have shown interest to set up their I.T. Industries.

Other Cities Loan Offers

Places To Be Visited In Chandigarh

Rock Garden

    The name refers to a sculpture garden located near Sukhna Lake. The Rock garden is also known by the name Nek Chand’s Rock Garden after its founder. Nek Chand was a former government official who started cultivating this garden secretly in his spare time. He kept it hidden from the government authorities for 18 years, till 1975. The garden features several interlinked causeways that run along the waterfalls of the Sukhna Lake and is landscaped with pottery and sculptures of dancers, animals and musicians.

Rose Garden

    Spread over 30 acres the Zakir Hussain Rose Garden is the largest botanical garden in Asia that is dedicated to roses. The garden is named after Zakir Hussain the former President of India. Apart from roses the garden also features several verities of medicinal herbs.

ChattBir Zoo

    Also known as the Mahendra Chaudhry Zoological Park, the zoo houses a huge number of exotic and wild animals, birds and reptiles. The thing to watch out for at this zoo is the famous lion safari.

Le Corbusier Centre

    The office was named after and used by the Swiss-French architect Le Corbusier. Le Corbusier used the building as his office during the time he was commissioned to plan the city of Chandigarh. The center has now been converted into a museum dedicated to the architect and displays the life and times of Le Corbusier.

Mohali Cricket Stadium

    The home of the IPL team Kings XI Punjab, the Mohali cricket stadium is the seat of the Punjab Cricket Association. The stadium was established in 1993 and took 3 years to complete. The stadium has been a venue to many local and international matches in India and has been a favorite venue of the cricket fans in India.

International Dolls Museum

    The Dolls museum of Chandigarh contains dolls and puppets from over 25 different countries. The museum was established in 1985 and is managed by the Indian council of Child welfare. The prime attraction of the museum is the Indian section and the toy train.

Total Number Of Branches In Chandigarh (497)

STATE BANK OF INDIA (60 Branches)PUNJAB NATIONAL BANK (42 Branches)STATE BANK OF PATIALA (40 Branches)PUNJAB & SIND BANK (26 Branches)ICICI BANK LTD (24 Branches)HDFC BANK (24 Branches)CANARA BANK (21 Branches)AXIS BANK (18 Branches)UNION BANK OF INDIA (16 Branches)INDIAN OVERSEAS BANK (15 Branches)ORIENTAL BANK OF COMMERCE (15 Branches)INDUSIND BANK (13 Branches)CENTRAL BANK OF INDIA (13 Branches)BANK OF BARODA (12 Branches)BANK OF INDIA (12 Branches)UCO BANK (12 Branches)ALLAHABAD BANK (11 Branches)ANDHRA BANK (11 Branches)INDIAN BANK (9 Branches)VIJAYA BANK (8 Branches)YES BANK (8 Branches)IDBI BANK (7 Branches)CORPORATION BANK (7 Branches)STATE BANK OF INDIA (6 Branches)SYNDICATE BANK (6 Branches)BANDHAN BANK LTD (5 Branches)BANK OF MAHARASHTRA (5 Branches)KOTAK MAHINDRA BANK LTD (4 Branches)UNITED BANK OF INDIA (4 Branches)KOTAK MAHINDRA BANK LTD (3 Branches)FEDERAL BANK (3 Branches)ING VYSYA BANK (3 Branches)KARNATAKA BANK LTD (2 Branches)DENA BANK (2 Branches)STATE BANK OF INDIA (2 Branches)STATE BANK OF INDIA (2 Branches)STATE BANK OF INDIA (2 Branches)STATE BANK OF BIKANER & JAIPUR (2 Branches)STATE BANK OF HYDERABAD (1 Branches)STATE BANK OF MYSORE (1 Branches)STATE BANK OF TRAVANCORE (1 Branches)BANDHAN BANK LTD (1 Branches)STATE BANK OF INDIA (1 Branches)CANARA BANK (1 Branches)STATE BANK OF INDIA (1 Branches)STATE BANK OF INDIA (1 Branches)STATE BANK OF PATIALA (1 Branches)VIJAYA BANK (1 Branches)DHANALAXMI BANK (1 Branches)HSBC BANK (1 Branches)CITI BANK (1 Branches)CITY UNION BANK LTD (1 Branches)CATHOLIC SYRIAN BANK LTD (1 Branches)BHARATIYA MAHILA BANK LTD (1 Branches)BANDHAN BANK LTD (1 Branches)KARUR VYSYA BANK (1 Branches)RESERVE BANK OF INDIA (1 Branches)SOUTH INDIAN BANK (1 Branches)STANDARD CHARTERED BANK (1 Branches)JAMMU & KASHMIR BANK LTD (1 Branches)
28-07-2017, 17:55
HDFC Bank Rationalizes ATM Network
For the first time, HDFC Bank has shrunk its ATM network by shutting down machines that were not seeing enough footfalls. The bank has attributed this to a shift in customer behavi ...
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26-07-2017, 17:10
National Payments Corporation of India Said, Digital Transactions in all co-operative banks by March 2018
The National Payments Corporation of India said all co-operative banks in the country would be part of digital transactions by march 2018
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21-07-2017, 17:08
ICICI bank offers up to Rs 15 lakh instant personal loan through ATMs
ICICI bank will be selling personal loans of up to Rs 15 lkh through its ATMs that can be availed of by select salaried customers even if they have not previously applied for one ...
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21-07-2017, 17:04
IFC invests Rs 130 crore in Avas financiers
IFC invested Rs 130 crore in Jaipur based Avas financiers to extend home loans to low income consumers in rural and semi urban areas who have little or no access to mortgage financ ...
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20-07-2017, 15:32
Jan Dhan deposits surge to Rs 64,564 Cr
Deposits in Jan Dhan accounts have a high of Rs 64,564 Cr of which over Rs 300 Cr came in the first 7 months of demonetization, the scheme aims bringing hitherto unbanked areas and ...
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19-07-2017, 17:49
HDFC bank Launches digital - only marketing campaign
HDFC bank launched a national digital - only marketing campaign, rein forcing its position as India No. 1 bank in products like credit cards, personal loans and auto loans.
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