Affordable home loans from the leading banks
Build your dream home with an easy Home Loan
Get Home Loan @ Affordable Rate
Best Offers
Various loan offers of leading Banks and NBFCs.
Flexible tenure
Flexible tenure for repayment of the loan.
Special Offers
Special offers for selected professionals
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Home Loan Interest Rates
Customers are facing the issues about home loans is whether to go for a fixed rate of interest or a floating rate. In case you feel that the interest rates can rise in the future, it is better to go for a fixed rate. However, if you expect the rates to remain stable or go down, it is advisable to stick to a floating rate of interest.
Fixed rates of interest are usually 1.25% to 1.50% more than floating rates. Therefore, if you expect the rates to rise more than 1.50%, it will make sense to opt for a fixed rate. The chances of a steep increase are remote.
| Bank | Starting Interest Rate (p.a.) | Processing Fees Approx….. |
|---|---|---|
| BANK OF INDIA BANK | 8.50% As Above | 6300 /- |
| STATE BANK OF INDIA | 8.50% As Above | UP TO 0.25% |
| BANK OF BARODA | 8.50% As Above | UP TO 0.50% |
| HDFC BANK | 8.40% As Above | UP TO 0.50% |
| ICICI BANK | 8.60% As Above | UP TO 0.50% |
| AXIS BANK | 8.60% As Above | UP TO 0.50% |
| LIC HOUSING FINANCIAL SERVICES LTD | 8.60% As Above | UP TO 1.00% |
| IDFC FIRST BANK | 8.75% As Above | UP TO 0.50% |
| BANDHAN BANK | 9.00% As Above | UP TO 1.00% |
| HFC FINANCIAL SERVICES | 9.00% As Above | UP TO 1.00% |
| PIRAMAL FINANCIAL SERVICES LIMITED | 9.50% As Above | UP TO 1.00% |
| INIDIABULLS HOUSING FINANCE LTD | 9.50% As Above | UP TO 1.00% |
| JANA SMALL FINANCE BANK | 9.50% As Above | UP TO 1.00% |
| UJJIVAN HOUSING FINANCE | 10.00% As Above | UP TO 1.00% |
Features of Home Loan
Tax Benefits
Balance Transfer Facility
No Prepayment Penalty
Due Diligence of Property
Logn Repayment Tenure
Lower Interest Rates
Documents Required
Eligibility Criteria
Identity Proof
- PAN Card
- Aadhar Card
- Voter ID
- Driving Licence
- Passport
Address Proof
- Registered Rent agreement
- Aadhar Card
- Driving License
- Lease agreement
- Passport
- Latest Gas or electricity bill
Financial Documents – Employment Or Business Proof
- Salary slips for the last 6 months in case you are a salaried employee (In addition, you can provide IT returns for the past 3 years along with Form 16)
- IT returns for the past 3 years in case you are self-employed (Some banks accept 2 years IT returns as well)
- Statement of A/c for the past 1 year where your salary is credited (in case of salaried people)
- Profit and Loss statement and Balance sheet for the last 2 years in case of self-employed persons
- Sales tax, GST registration certificates, if applicable
- Partnership deed in case of partnership firms (if the applicant is one of the partners)
- Certificate of Incorporation in case of limited companies(if the applicant is one of the directors)
Property Documents
- Copies of all property documents that can establish the chain of ownership for the past 30 years
- Encumbrance certificate for 30 years
- Property tax paid receipt in case you reside in the property being mortgaged (usually when you apply for Home Loan Balance Transfer)
Other Documents
- Loan application form duly filled in
- Photographs
- Signature Proof
- The applicant should be in the age group between 23 years to 70 years.
- CIBIL Score required 750+
- Citizenship Indian
- 3 years work experience for salaried professional and 5 years business continuity for self-employeed
Why Choose Us
Some Awesome Features
Working with top financial institutions
Best deals on Loans and Interest rates
Quick & Easy Application Process
EMI Calculator
Fast Approval
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About
Home Loan
The home loan is the amount borrowed by the individuals from the financial institutions for a fixed tenure for buying, renovating or constructing a residential property.
Home loan Banks establish a margin on their loan i.e. the percentage of the cost that the lending institution will be covering. For example, if the margin on the loan is set at 10%, the bank will cover 90% of property value. In such cases, you will be required to a make a down payment of the balance amount, i.e. 10% in order to cover for the rest of the cost.
