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