Top Best Home Loan Providers in India Overview

Top Best Home Loan Providers in India

Introduction

You can get a best home loan in India from a bank or a non-banking finance company (NBFC). Housing Finance Corporation (HFC) is a part of NBFC. You can choose a bank or HFC by comparing the terms, rates and fees they offer. Let's take a look at the best home loan providers in India.

Best Home Loan Providers in India

One of your biggest financial investments will be a property purchase. It's crucial to take the time to locate the home loan that best suits your requirements. Choosing the ideal solution for you can be difficult with so many possibilities available. We'll help you navigate the house loan landscape in this post and identify the best choice for your financial condition.

We are showing you some of the best lenders in India for your home loans. Which lender is best for you, it's totally depends on borrower. They can select best lenders accordingly Their needs & requirements.

You can get a home loan from a bank or a non-banking finance company (NBFC). Housing Finance Corporation (HFC) is a part of NBFC. You can choose a bank or HFC by comparing the terms, rates and fees they offer. Let's take a look at the best mortgage companies in the country.

GRD India Financial Services Private Limited
It is a private financial company which extends its hand to help common people or tries to provide loans with maximum facilities to them. The company was established on 10/3/2013 by Mr. Vijayjeet Singh Saluja .This company acts as a middleman between the bank and the borrower .They provide all the facilities given to the people under the banks. All the facilities provided by us are free of cost for our people. And the best thing is that all the facilities provided by this company are available to you sitting at home, you do not have to wander anywhere.
HDFC Housing Finance
HDFC Housing Finance offers several mortgage products such as land loans, rural loans, home improvement loans, and home deferral loans. Home loan interest rates start at 8.55%. The home loan program is available to salaried and self-employed Indians in the age group of 18 to 65 years.
LIC Housing Finance Limited
LIC Housing Finance provides interest free home loans to Resident Indians, Non-Resident Indians (NRIs) and Pensioners. You can apply for loans for purchases, construction, extensions, home repairs, bulk purchases, and ancillary payments. LIC Housing Finance offers benefits such as flexible payment terms, fast loan processing, no processing fees, no prepayment fees, and no partial payment fees.
Sundaram Home Finance
Sundaram Home Finance offers home loan products with attractive interest rates for both salaried and self-employed individuals who are between the age of 18 to 65 and are Indian citizens. There are attractive interest rates for women applicants. The home loan products that are offered include plot loans, home improvement loans, home extension loans, top-up loans, takeover loans, and loan against property.
PNB Housing Finance Co., Ltd.
PNB Housing Finance provides housing loans to Indian Residents and Non-Resident Indians at competitive interest rates. It provides home loans to government employees, the public and others under various schemes.
GIC Housing Finance Limited
GIC Housing Finance Limited offers housing loans ranging from individual home loans and compound loans to balance transfers, home extensions and renovation/repair loans. Interest rates start at 8.50% p.a. Your home loan comes with free accidental death cover and free contents cover. Loan applications can be submitted and approved online with minimal documentation.
Tata Capital Housing Finance Limited
Home loans from Tata Capital Housing Finance Limited start at 6.90% p.a. Eligible individuals are salaried or self-employed, should have a CIBIL score above 750, and are between the ages of 24 and 65 (at loan close). NRIs are also eligible for housing loans. The maximum home loan amount is Rs 5 lakh and the maximum repayment period is 30 years. Up to 80% of the property value can be used as a home loan.
Cholamandalam Housing Finance
Cholamandalam Housing Finance provides home loans which can be used to buy land, build a house or buy a turnkey house. Also available account transfer home loans. Convenient payment options and attractive interest rates are available.
Dewan Housing Finance Limited (DHFL)
DHFL provides housing loans for new build homes/apartments, construction of new homes, refurbishment or extension of existing homes or purchase of land for construction. Both salaried and self employed are eligible for housing loans from DHFL. Loan eligibility and amount can be increased by adding co-signers and regular sources of income.
Can Fin Home Ltd
Can Fin home loan rates are attractive, starting at 6.95% per annum. Loans offer up to 25% margin. The repayment period is maximum 30 years. Home loan borrowers who are struggling to make their monthly payments can take advantage of additional home loans and personal loans from Kanfin. Mortgage loans are available for both urban and rural areas. Consolidation loans are also given for purchasing land and building a house.
SBI Home Loan
SBI Home Loan is the best home loan bank in India. State Bank of India Home Loans has the most attractive and best home loan interest rates in all India. It is starting from 8.55% p.a.

The option to extend the loan up to 30 years ensures a favorable repayment period. The minimum processing fee for mortgage loans is 0.35% of the loan amount (Rs. 2,000 to 10,000) with applicable taxes.

Women borrowers are eligible for 0.05% interest discount on SBI home loans. They are one of the most popular home loan products in the country because there are no additional fees and prepayment penalties are completely waived.

Axis Bank Home Loan
Home loan from Axis Bank
A home loan from Axis Bank is one of the best home loan banks. Starting at 6.90% p.a. for variable-rate loans and 12% p.a. for fixed-rate loans, Axis Bank offers home loan options to eligible clients.

The term can be extended for up to 30 years for variable rate loans and up to 20 years for fixed rate loans. Additionally, a processing fee of up to 1% of the loan amount (minimum Rs 10,000) may be charged. 2,500 plus GST in advance when applying for a loan.

ICICI Home Loan
ICICI Bank offers home loans to eligible applicants at a competitive interest rate of 8.60% per annum with a loan tenure of 30 years, with easy repayment. Variable rate loans also have no fees, which range from 0% to 0.50% of the loan amount (applicable taxes).

Meanwhile, ICICI has partnered with PMAY scheme to provide an advantage to home buyers while buying a home. It is considered as one of the best banks for mortgage loans.

Home Loans from Bank of Baroda
Bank of Baroda offers home loan rates as low as 7.95%, the best home loan rates in India. Pay easily for up to 30 years. Banks also provide loans up to Rs. 1 billion, Bank of Baroda's home loan processing costs are as low as 0.25% of the loan amount.

Banks do not charge prepayment penalties on variable rate home loans. One of its key advantages is that Bank of Baroda home loan can be multiplied five times over the term of the loan.

Comparing Mortgage Lenders For Home Loan
It's time to compare home loan providers once you've assessed your financial status and chosen the type of mortgage you desire. This entails taking into account variables including interest rates, costs, and customer service.

It's crucial to consider other factors when contrasting home loan providers in addition to the interest rate. You should also take into account any fees related to the loan, such as origination and closing costs. Customer service is another crucial aspect to take into account. You should pick a mortgage company that is accommodating and simple to deal with.

Making the Best Decision For Home Loan
Selecting the best house loan is a crucial choice that could affect your future finances. You may make an informed choice and obtain the finest home loan for your needs by comprehending your home loan options, assessing your financial status, and comparing home loan providers.

Conclusion
The sort of home loan you desire, the home loan provider you select, and your financial status must all be carefully taken into account in order to find the finest home loan in India. You can get the finest mortgage to suit your needs and help you realize your dream of owning a home by taking the time to research and evaluate your alternatives.

List of housing finance companies that have obtained a certificate of registration (COR) but are not eligible to accept deposits from the public.