With rising inflation and the mounting cost of real estate, a large percentage of India’s population is dependent on Home Loans for buying a residential property. If you too are looking out for an affordable Housing Loan, take a sneak peek at the top offers from leading Housing Finance Bank & Companies in India.
Lender | Interest rate (%) | Processing fee |
HDFC Home Loan | 6.75% | Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + applicable taxes |
SBI Home Loan | 6.70% | 0.40% of Loan Amount + Applicable GST (Min: Rs.10000; Max: 30000) |
Indiabulls Home Loan | 8.65% | Up to 2.00% of loan Amount |
ICICI Home Loan | 6.75% | 0.50% of loan amount (Min: Rs. 2,000) + GST |
L&T Housing Finance | 8.80% | 0.25% onwards (Rs 5000 fixed as login fee) |
PNB Housing Finance | 7.35% | Up to 0.50% of the loan amount |
Bank of Baroda Home Loan | 6.75% | Up to 0.50% of loan amount (Minimum: Rs. 7,500 & Maximum: Rs. 25,000) |
Axis Bank Home Loan | 6.90% | 1% of the loan amount (minimum Rs. 10,000) + GST |
The Housing Development Finance Corporation (HDFC)is one of the pioneer housing lenders in India. HDFC extends a wide array of Home Loans for self-employed professionals, business owners, salaried individuals, as well as NRIs. The lender also offers HDFC Pre-Approved Home Loan Scheme, HDFC Special Home Loan for Agriculturists, HDFC Rural Housing Finance, and HDFC Extension Loan.
What makes HDFC’s Home Loans so popular amongst the masses are features such as:
Currently, HDFC Home Loans at an Attractive Rate of Interest starting from 6.75% per annum. Female applicants can avail a lower rate starting from 7.65% p.a.
Being the largest public sector bank in India, the State Bank of India has set a benchmark as the leading housing finance lender of the country. The bank has a robust network of more than 17,000 branches in the country. Some of the most popular offerings by the SBI include SBI Realty, SBI Yuva Home Loan, SBI Her Ghar Home Loan, SBI MaxGain Home Loan, SBI PAL, and SBI NRI Home Loan.
The factors that have contributed to the bank’s formidable popularity are:
Presently, SBI Home Loans Interest Rates starting from 6.70% per annum to regular customers, and at a concessional rate starting from 8.05% to the female applicants.
While it may come as a surprise to you, the fact of the matter is IBHFL is the nation’s second largest Housing Finance Company when it comes to offering Home Loans.
Some of the top reasons for IBHFL’s popularity include:
The lender levies an Indiabulls Home Loan Interest Rate start from as low as 8.65% per annum.
If you are looking for a Home Loan provider, that offers competitive deals for resident and non-resident Indians as well as pensioners, LIC HFL might prove to be the best pick.
The lender has managed to woo borrows since the past 3 decades, thanks to some of the compelling benefits such as:
The official website of the lender suggests you get in touch with your nearest branch for details on the LIC Housing Finance Interest Rate.
Yet another leading bank of the nation, ICICI is well known to offer multiple benefits to Housing Loan borrowers including but not limited to:
The interest rates applicable on ICICI Home Loan Interest Rates start from as low as 6.75% per annum.
Also known as Larsen & Toubro offers as many as 3 distinct types of L&T Housing Finance to its customers, with benefits such as:
L&T Finance Ltd currently levies an interest rate starting from 8.80% per annum.
Another mature player in this segment PNB Housing Finance Limited offers Home Loans to its customers for a wide variety of purposes with multiple benefits such as:
The lender which offers loans to both residents, as well as non-resident Indians, levies an PNB Housing Finance Interest Rate ranging from 7.35% per annum.
Bank of Baroda has always been known for its competitive rates, especially when it comes offering compelling Housing Loanproducts to its customers.
The reliable and affordable Home Loans from BoB come with a myriad of benefits such as:
This Housing Finance provider offers loans at interest rates starting 6.75% per annum.
For any Indian, the name of Axis Bank is not unknown, thanks to its significant rise in the past decade to attain the position of the third largest bank in the private sector.
The bank offers Home Loans to people from almost all walks of life, who meet the requisite criteria. Some of the Axis Bank Home Loan benefits that you must know about include:
Currently, the lender charges an Axis Bank Home Loan Interest Rate starting from 6.90% per annum on Home Loan products.