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home loan provider in india with their updated interest rates
home loans

Home loans providers in India

All set to buy your dream home?

Congratulations! That’s step one completed. The next step in acquiring that dream home of yours is getting a home loan. Now this is very hard to decide how smooth and easy the whole process is going to be. One bad choice and you’re stuck. And that is why we have come to you with a complete and comprehensive list. A list of Home Loan provided in India. Read on and make a smart choice, that suits your needs best. Click here to read about How to find the best home loan.

You’re welcome!

 

Following are the main home loan providers in India and the interest rates charged by them as of January 2017–

 

HDFC Ltd. 8.65%-8.75%
ICICI Bank 8.65%-8.85%
LIC Housing 9.15%-9.60%
PNB Housing 8.90%-9.60%
Axis Bank 9.15%-9.35%
SBI 8.60%-8.70%

 

 

home loan providers with their updated interest rates

 

Let us get into some details of these major players.

 

HDFC Ltd.

Key Highlights of HDFC Ltd Home Loan:

 

Interest rate for women 8.65%-8.70%
Interest rate for others 8.70%-8.75%
Processing fee up to 0.50% of the home loan
Loan repayment up to 30 years
Pre-payment charge Nil
Min. EMI per 1 Lakh Rs.780 (women), Rs.783 (others)

HDFC Ltd is the biggest private lender in home loan segment with over 5.1 million home loan customers. It has a wide distribution of 378 interconnected offices (including 103 offices of HDFC sales). It has great programs in several locations reaching out over 2400 towns and cities in all over India.

You can apply individually or jointly for HDFC Ltd Home Loans. You can repay the loan amount in up to 30 years. You can choose from Fixed Rate or Floating Rate according to your needs.

 

ICICI Bank

Key Highlights of ICICI Home Loan:

Interest rates 8.65%-8.80%(women), 8.70%-8.85%(others)
Processing fees 0.50% of the loan amount
Pre-payment charge Nil
Loan amount up to 90% of the market value
Lowest EMI Rs.779/lakh(women), Rs.783/lakh(others)
Min. Income Rs. 12000/-p.m
Loan repayment up to 30 years

ICICI Bank Express Home loan offers online sanction of loan within 8 hours. ICICI Bank offers an interest rate of 8.65% for women borrowers. Maximum tenure period is of 30 years. Borrowers can switch to ICICI bank with Top Up facility.Click here to read about How can i apply for a home loan online.

Other feature is no charges on part pre-payment of your Home Loan and Top up Home Loan. It delivers home loan papers at your home. It also gives free personal accident insurance policies; insurance options for your home, sanction approval without selected a property and many other features.

 

LIC Housing

Key Highlights of LIC Housing services:

Interest rates 9.15%-9.60%
Pre-payment charge Nil
Loan amount up to 85% of the  market value
Lowest EMI 815/lakh
Min. income 12000/-p.m
Loan repayment up to 30 years

LIC Housing Finance Ltd. is one of the largest housing finance companies in India. LIC Housing offers home loans under different categories – Purchase, construction, Extension, pensioners, NRI etc. An interesting fact to be mentioned here is that LIC housing is the most searched HFC in India during last 6 months as per trends. That sure means it is one to trust!

 

PNB Housing

Key Highlights of PNB Home Loan:

Interest rate 8.90%-9.60%
Pre-payment charge Nil
Loan amount 75% to 90% of the market value
Lowest EMI Rs.797/lakh
Processing fees up to 0.50%
Loan repayment up to 3 years

PNB HFL is a 2nd largest bank in India, Punjab National Bank is one of the largest public sector housing finance companies in India. PNB HFL provides home loans to individuals and corporate bodies for buy, construction, repair and up-gradation of houses. It also provides loans for commercial space, loan against property and loan of buy of residential plots.
It also offers door step services that ensure fast loan approvals. You can fetch more loan amount if cost of project is increased. You can check Home loan TAX Benefits too and you can also avail Customized eligibility programs to work out your loan amount.

 

AXIS Bank

Key Highlights of Axis Bank Home Loan:

Interest rates 9.15%-9.35%
Processing fees up to 1% of the loan amount
Pre-payment charges Nil
Lowest EMI Rs.815/lakh
Loan amount Min. 3 lakh
Loan repayment up to 30 years

Axis Bank offers reasonable & flexible Home Loans online which are available with nil pre payment charges, Low Interest rates, quick processing & Flexible repayment which make your dream of sweet home come true.
It offers Flexible Interest Rates – You have an option to choose Floating or fixed rate. Special Balance Transfer Schemes are also available. It provides Doorstep Service which makes your loan process Easy and convenient. There are Nil Pre Payment charges, which mean you can pay loan at any time without Penalty (Valid only in floating rate option).

 

SBI

Key Highlights of SBI Home Loan:

Interest rates for women 8.60%-8.65%
Interest rates for others 8.65%-8.70%
Maxgain above 20 lakh & up to 75 lakh(women) 8.75%
Maxgain above 20 lakh & up to 75 lakh(others) 8.80%
Maxgain above 75 lakh(women) 8.95%
Maxgain above 75 lakh(others) 9.00%
Min. EMI per 1 lakh Rs. 768(women), Rs.771(others)

SBI provides home loan with different schemes – SBI Easy Home Loan, Advantage Home Loan, SBI Home Plus, Her Ghar home loan for women /housewives. It offers tax benefits on Home loan as well as options of pre-payment of loan. You can repay the loan by making lump sum payments towards part or full prepayment, subject to the valid prepayment charges.

 

Apart from these major players, here is a list of other home loan providers in India-

 

• Andhra Bank Home Loan
• Punjab & Sind Bank Home Loan
• Syndicate Bank Home Loan
• Vijaya Bank Home Loan
• Indian Bank Home Loan
• Indian overseas Bank Home Loan
• State bank of Travancore Home Loan
• IndusInd Bank Home Loan
• Dhanalakshmi Bank Home Loan
• Jammu Kashmir Home Loan
• IDBI Home Finance
• DCB Home Loan
• Uco Bank Home Loan
• Federal Bank Home Loan
• GE Money Home Loan
• Citi Financial Home Loan
• Bank of India Home Loan
• Canara Bank Home Loan
• Allahabad Bank Home loan
• Union Bank of India Home Loan
• United Bank of India Home Loan
• Dena Bank Home Loan
• Standard Chartered Home loan

 

Regrob suggests that you read the features and options provided by your banker thoroughly and make a choice only after comparing the 4-5 bank home loans features. This will ensure that you have made an informed, sensible choice. For any other queries and help, you always have us.

Here’s wishing you find your sweet Home soon!

For more information Contact us:-9529331331