5 Best Home Loan Providers in India
How long have you been living in a rented house in the city? Tired of shifting your belongings from house to house? Why not buy your own dream home when banks are ready to give you Home Loan? All you need to have is some savings for the down payment. Banks typically provide 75-90% of the value of the property, making it financially viable for you to purchase your dream home. Shortlist a home of your choice in your city and Apply for Home Loan!
Top Banks Home Loan & Interest Rates in India 2018
|Top Banks||Loan Amount||Interest Rate||Processing Fee||Max.Tenure|
|DHFL Home Loan||10 Cr.||8.80% – 9.00%||0.75%||30 Year|
|ICICI Home Loan||10 Cr.||8.75% – 8.85%||0.10% – 0.25%||30 Year|
|Axis Bank Home Loan||10 Cr.||8.60%||0.10%||30 Year|
|HDFC Limited Home Loan||10 Cr.||8.75% – 8.85%||0.25%||30 Year|
|PNB Housing Loan||10 Cr.||8.90%||0.25% – 0.50%||30 Year|
When there are numerous banks offering attractive Home Loan benefits, it is but expected to be spoilt for choice. Many banks offer attractive interest rates to the advantage of the home buyers, subject to terms and conditions. Interest rates are generally applicable as per fixed and floating types. If you are unable to decide which bank of housing finance, here are 5 best Home Loan options in India:
DHFL Home Loan
DHFL, the third largest Home Loan and housing finance company in India, assures fair terms, total transparency and flexibility in all DHFL Home Loan dealings. The bank offers finance from Rs. 1 lac to Rs. 5 crores for purchase of ready built-up or under construction house or flat. For repayment, buyers can select tenure from 1 to 30 years but not beyond the retirement age of 60 years or 65 if self-employed. The longer the tenure, the lower the EMI and hence less financial burden every month.
ICICI Bank Home Loan
In terms of assets and market capitalization, ICICI Bank is the third largest bank in India. Getting a Home Loan From ICICI Bank is quick, easy and light on your wallet. You can download the bank’s app on your tablet or smartphone to enjoy faster processing and approval. You can also check if you are eligible for your pre-approved Home Loan offer. With repayment tenure of up to 30 years, owning your dream home is just a few clicks away!
Axis Bank Home Loan
The third largest private sector bank in India, Axis Bank offers a minimum loan of 3 Lakhs and a maximum depending on the combined income of the applicants. The Axis Bank Home Loan comes with no prepayment charge for floating and charges 2% of the outstanding principal amount prepaid on fixed interest rate housing finance. The application process is easy and you can even transfer your existing Home Loan from another lender to Axis Bank without hassles through Home Loan Balance Transfer facility.
HDFC Limited Home Loan
HDFC is a major provider of finance for housing in India. Key features of HDFC Ltd Home Loan include easy documentation, doorstep assistance, and flexible repayment options. Women applicants can enjoy the benefit of reduced interest rates starting at just 8.35% per annum (as of now). The bank facilitates Home Loan Balance Transfer at zero processing fees so that you can reap optimum benefits on switching your existing loan.
PNB Housing Home Loan
The state-owned multinational banking and financial services corporation offers loans for purchase, construction and extension of dwelling units. The bank offers doorstep services ensuring easy and fast approval and disbursal of Home Loans. With a PNB Housing Loan, you can avail the facility of enhancement in loan amount in the event of escalations in cost. The bank offers various repayment options.
Also read our following blogs:
- How to Buy a House without Having Money for Down Payment?
- It’s Easy to Arrange Down Payment for Your New Home!
If you want to avail any of the loan mentioned above or Home Loan from any other financial institution, visit mymoneymantra, a one-stop trusted online financial services marketplace that hosts all leading banks and their Home Loan products. Compare loans offered by different banks in terms of benefits offered, features, interest rate, and other factors with a few clicks. Check your eligibility and then apply right on the same platform. You can also check your loan EMIs using our Loan EMI Calculator for free. Buy your dream home now! Call our experienced Mortgage Specialists toll-free at 18001034004 for further queries.