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7 Top Banks offering Home Loans in India

A home loan is a secured loan that is the most cost-effective way to purchase a home since many lenders offer low-interest home loans. The right lender will undoubtedly assist you in purchasing your dream home without having a significant financial effect. Home loans allow you to purchase a home with an affordable EMI payment.

With so many choices available on the marketplace currently, deciding on the right one can be difficult.

So, take a look at the below to compare home loan interest rates and find the best home loan for you.

  • Home loan by Tata Capital 

Tata Capital provides the home loan of all your housing needs, including home loans, plots, and ready-to-move-in apartments. Aside from that, there are loans available for home construction, home extensions, and even house maintenance and repairs.

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You can get a home loan for anywhere between Rs. 5 lakhs and Rs. 5 crores. Also, you may apply online by supplying information and attaching a few documents, such as proof of income. After verification, you’ll receive an online spot conditional approval. The prevailing Tata Capital Bank Home Loans interest rates are :

  1.  Salaried individuals: starts from 6.90%
  2. Self-Employed: 8.90% to 12%

Top Banks offering

  • Home Loan from HDFC Limited

In India, HDFC is a big housing finance provider. Quick paperwork, doorstep assistance, and flexible repayment options are some of the highlights of the HDFC Bank Home Loan. Women will take advantage of lower interest rates, which start at just 6.80 percent a year. The bank offers a Home Loan Balance Transfer service with no transaction fees, allowing you to get the most out of your current loan. The prevailing HDFC Bank Home Loans interest rates are :

  1.  Salaried individuals : 6.80% – 7.85% (for women) and 7.00% to 7.50% (for others)
  2. Self-Employed : 6.95%- 7.45% (for women) and 7.00% – 7.50% (for others)
  •  Home Loan by Axis Bank

Axis bank offers home loans for as little as Rs.3 lakhs. The loan is for the purchase of built-in homes, land development, and top-up loans. Also, Axis Bank provides home loans with a maximum term of 30 years at both floating and fixed interest rates. The prevailing Axis Bank Home Loans interest rates are:

  1.  Salaried individuals: 7.35% – 8.40% (floating interest rate) and 12% (for 20 years fixed interest rate)
  2. Self-employed individuals: 7.95% – 8.55% (floating interest rate) and 12% (for 20 years fixed interest rate
  •  Home Loan for PNB Housing

PNB Housing Home Loans PNB is a state-owned multinational banking and financial services company that provides loans for the purchase, development, and extension of residential units. The bank provides doorstep services to ensure that Home Loans are approved and disbursed quickly. With a PNB Housing Loan, you have the option of increasing your loan sum in the event of the costs. The bank has a number of repayment options. The prevailing PNB Housing Home Loans interest rates are:

  1. Salaried individuals: 7.10% – 7.90%
  2. Self-employed individuals: 7.10% – 7.90%
  • Home Loans by ICICI Bank

ICICI Bank is India’s third-largest bank in terms of assets and market capitalization. Getting a Home Loan from ICICI Bank is easy, cheap, and inexpensive. You can use your tablet or smartphone to download the bank’s software for quicker processing and approval. You will also see if your pre-approved Best Home Loan deal is still available. With ICICI Bank, buying your dream home is only a few clicks away, with repayment terms of up to 30 years. The prevailing ICICI Bank Home Loans interest rates are:

  1.  Salaried applicants: 6.80% – 7.50%
  2. Self-employed applicants: 6.95% – 7.50%
  • Home Loan by Aditya Birla Capital

Aditya Birla Capital provides home purchase, plot & home development, home construction, home extension, and home renovation loans, but not top-up loans. They are known for handling loan applications quickly and offering low interest rates. The prevailing Aditya Birla Capital Home Loans interest rates are:

  1.  Salaried applicants: 9% to 9.75%
  2. Self-employed applicants: 9% to 12.50%
  • Home Loan of LIC Housing Finance 

LIC Housing Finance offers loans for home purchases, building, maintenance, plot purchases, home additions, and renovations. In some circumstances, top-up loans are also eligible. You have the option of taking out a fixed or floating rate loan with a term of up to 30 years. The interest is expressed on a monthly basis with a decreasing rate of interest. The prevailing LIC Housing Finance Home Loans interest rates are:

  1.  Salaried applicants: 6.90%
  2. Self-employed applicants: 6.90%

You should choose a home loan that is appropriate for you based on your loan requirements, repayment ability, and cash flow.

Ritesh Mishra

Hi, My name is Ritesh Mishra, a Practicing Advocate having several year experience in Business Consultancy, Secretarial Law, Intellectual Properly Law, Taxation, Business Modeling and other allied matters. I have been serving Small and Big Industries since several years. I have also been serving industry in various kind of licensing and liasoning works across India.

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