1st, Sep, 2024

Top 10 Best Banks for Home Loan in India 2024

List of Top Indian Home Loan Providers

Top 10 Home Loan Providers in India | Interest Rates, Tenure, & Fee Structure

A Guide by HouseGyan

Finding the right home loan provider can significantly impact your homeownership journey. Here’s a comprehensive overview of the top 10 home loan providers, including their interest rates, loan tenures, and unique features.

1. SBI Home Loan

• Interest Rate: Starting at 8.50% p.a.

• Key Features: Loan tenure up to 30 years, financing up to 90% of the property value, and special schemes like Flexipay, NRI loans, and Shaurya loans for defense personnel.

• Processing Fee: Up to 0.50% of the loan amount or ₹3,000, plus taxes.

2. HDFC Home Loan

• Interest Rate: Starting at 8.70% p.a.

• Key Features: Loans up to ₹10 crores with schemes for rural and urban borrowers, including renovation loans and top-up facilities.

• Processing Fee: Varies by loan amount and type.

3. ICICI Bank Home Loan

• Interest Rate: Starting at 8.75% p.a.

• Key Features: Pre-approved loans, balance transfer options, and exclusive schemes like Express Home Loans for quick approvals.

• Processing Fee: Based on loan type and amount.

4. Bajaj Housing Finance

• Interest Rate: Starting at 8.45% p.a.

• Key Features: Loans up to ₹5 crores with easy eligibility, flexible tenures, and competitive rates.

• Processing Fee: Up to 0.50% of the loan amount.

5. LIC Housing Finance

• Interest Rate: Starting at 8.65% p.a.

• Key Features: Offers loans to salaried and self-employed individuals with competitive rates and easy processing.

• Processing Fee: Nominal fees based on loan size.

6. Kotak Mahindra Bank Home Loan

• Interest Rate: Starting at 8.70% p.a.

• Key Features: Financing up to ₹10 crores, special NRI loan schemes, and balance transfer facilities.

• Processing Fee: Varies based on loan type.

7. PNB Housing Finance

• Interest Rate: Starting at 8.45% p.a.

• Key Features: Overdraft facilities, special schemes for government employees, and Pradhan Mantri Awas Yojana (PMAY) benefits.

• Processing Fee: Based on loan type.

8. Bank of Baroda Home Loan

• Interest Rate: Starting at 8.40% p.a.

• Key Features: Offers loans up to ₹20 crores with schemes for renovation, balance transfers, and top-ups.

• Processing Fee: Based on loan type.

9. Axis Bank Home Loan

• Interest Rate: Starting at 8.75% p.a.

• Key Features: Tailored options for salaried and self-employed borrowers, and top-up facilities for existing customers.

• Processing Fee: Based on loan amount and type.

10. IDFC First Bank

• Interest Rate: Starting at 8.85% p.a.

• Key Features: Loans up to ₹15 crores, with specialized schemes for buying plots and home renovations.

• Processing Fee: Based on loan type.

By leveraging this list and using the Home Loan EMI Calculator, you can estimate monthly repayments, choose the best lender, and take a step closer to owning your dream home.