If you are looking for the best bank for home loan, then I can help you in choosing the best bank for home loan.
Best Housing Loan Rates for 2022 for Personal loans at Chennai, Bangalore, Mangalore, Cochin, Kerala, Pondicherry, Ahmedabad, Delhi, Mumbai, Nashik, Pune, Gwalior, Ranchi, Chandigarh, Ludhiana, Goa, Hyderabad, Warangal etc., we give you An opportunity to compare the best offerings in the market and make the best possible choice.
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Best Bank For Home Loan in India
#1. State Bank of India Home Loan
State Bank of India is one of the most stringent asset verification measures during the lending process. Benefits – are you the assurance is given that the legal documents of the property and the possibility that you will face no legal obstacles in the future.
Home purchase, home construction, home with the renovation as well as top-up bank loan debt.
State Bank of India offers only floating rate loan and SBI Maxgain loan (home loan as overdraft loan).
State Bank of India has a lower range of home loan interest rates than other lenders.
Interest is charged on a daily reducing balance ie the principal is recalculated at the end of every day and charged according to the interest. If you make a part payment today, the interest payment on your loan starts from the very next day.
Details-
| Fixed Interest Rate | None |
| Floating Interest Rate | 7.0% – 7.35% |
| MaxGain interest rate (Overdraft Loan interest rate) | 7.35% – 7.70% |
| Processing Fees | 0.35% of the loan amount Minimum – Rs. 2,000 and Maximum – Rs. 10,000 |
| Maximum Tenure | 3 years to 30 years |
| Pre-closure Charges | Nil |
| LTV | Up to 90% |
| Part-Payment Charges | Nil |
#2. HDFC Ltd. Home Loan
HDFC Property documents is known for its stringent verification.
You may doorstep services to consult with an HDFC loan specialist can easily upload online applications and documents.
HDFC housing loan at competitive interest rates and you can get loans for house purchase, land purchase, home construction, home improvement, home extension.
Details-
| TruFixed Interest Rate | 7.40% – 8.20% |
| Floating Interest Rate | 6.95% – 7.85% |
| Processing Fees | Up to 0.50% of the loan amount or Rs. 3,000/- whichever is higher. |
| Maximum Tenure | 30 years |
| Pre-payment | Nil for floating rate home loans 2% in case of fixed-rate or combination rate loan |
| LTV | 90% for loan value less than Rs. 20 lakhs 80% for loan value more than 20 lakhs 75% for loans above Rs. 75 lakhs |
| Charges for delayed payment of EMI | 24% per annum |
#3. ICICI Bank Home Loan
ICICI its simplified documentation process, is known for fast approval and competitive interest rates. You can get loans for home purchase, home construction, home renovation as well as top-up loan.
The up to 5 crore and ICICI for properties up to the 30-year loan term home loan.
Interest is charged on counts at the end of a monthly reducing balance that principal every month and be charged interest. It reduces start a part-payment for 1 interest payment next month on your loan today.
| Parameters | Loan Details |
|---|---|
| Interest Rate | 6.90% – 11.60% |
| Processing Fees | 0.50% – 2% of the loan amount or Rs. 1,500/- whichever is higher (Rs. 2,000/- for Mumbai, Delhi & Bangalore) |
| Maximum Tenure | 30 years |
| Pre-payment Charges | Nil for floating rate loans 2% for fixed-rate loans. |
| LTV | up to 90% |
| Late-Payment Charges | 2% per month |
#4. Union Bank of India Home Loan
Union Bank offers construction and loans for the purchase of new purchases of residential units, plots and construction, and renovation, but not top-up loans.
Unique Offering– You can get a home loan for the completion of the construction of residential units. Union Bank also includes the cost of purchase together a solar panel with building buys home loans or houses.
Details-
| Fixed Interest Rate | Up to Rs. 30 lakhs – 11.40% Rs. 30 to 50 lakh – 12.40% Rs. 50 lakh to Rs. 2 Crore – 12.65% |
| Floating Interest Rate | Home Loan up to Rs. 30 lakh – 6.80% to 7.35% Home Loan above Rs. 30 lakh – 6.90% to 7.40% |
| Processing Fees | 0.50% of the loan amount. Maximum of Rs. 15,000 |
| Maximum Tenure | 30 years |
| Pre-closure Charges | Nil for floating rate loans Nil for a fixed-rate loan if repaid from own sources 2% – if the loan is being refinanced |
| LTV | 90% for loan value less than Rs. 30 lakhs 80% for loan value more than 30 lakhs to Rs. 75 lakhs 75% for loans above Rs. 75 lakhs. |
| Part-Payment Charges | Nil |
5. Axis Bank Home Loan
You can get a home loan for a small amount, such as Axis Bank, Rs 3 million. Loans for the purchase of a building homes, building a property, and top-up loans.
The boat and Axis Bank to 30 years of fixed interest rate loan with a maximum term.
Details-
| Fixed Interest Rate | 12% for all cases. |
| Floating Interest Rate | 6.90% – 8.90% |
| Processing Fees | Higher of – 1% of the loan amount or Rs. 10,000 |
| Maximum Tenure | 30 years |
| Pre-closure Charges | Nil for floating-rate loans and 2% for fixed-rate loans |
| LTV | 90% for loan value less than Rs. 30 lakhs 80% for loan value more than 30 lakhs to Rs. 75 lakhs 75% for loans above Rs. 75 lakhs. |
| Part-Payment Charges | 2% per month |
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