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Which home loan is best in India
Which home loan is best in India
A home loan is a most popular secured loan which is a purchase of property by offering it as collateral. Which home loan is best in India loan that can be borrowed from a financial institution or bank to purchase a house.
Bank Name Interest Rate Processing Fees
Union Bank of India 6,40 to 7.0 0.50% of the loan amount. Maximum of Rs. 15,000
Kotak Mahindra Bank 6.55 to 7.10. –
HDFC Bank 6.70 to 7.40. Up to 0.50% of the loan amount or Rs. 3,000/- whichever is higher.
ICICI Bank 6.70 to 7.40. 0.50% – 2% of the loan amount or Rs. 1,500/- whichever is higher
LIC Housing Finance 10.05% to 10.15% Rs. 10,000 for loans up to 50 lakhs. Rs. 15,000 for loans above Rs. 50 Lakhs
Canara Bank 6.90 to 8.90 –
Axis Bank 7.0 to 11.0 Higher of – 1% of the loan amount or Rs. 10,000
State Bank of India 7.0 to 7.55 0.35% of the loan amount Minimum – Rs. 2,000 and Maximum – Rs. 10,000
PNB Housing finance 7.35 to 9.45. 1% of the loan amount. Minimum fees – Rs. 10,000 Upon approval, PNBHF retains all the loan fees. Unless the loan is approved, PNBHF retains 3,000 rupees per property.
Indiabulls bank 7,60 to onwards Up to 2% of the loan amount
Here, we have given common eligibility criteria for the home loan, following condition should be fulfilled by an individual to avail a home loan
- Eligibility - 21 to 55 years
- Documents Required - Identity card, address proof, original copy of sale deed, NOC (No Objection Certificate), ITR (Income Tax Return), qualification certificate, audited financial sheet. P and L statement
- Loan Amount - up to 10 crores
- Loan Tenure - up to 30 years