Which is Best Bank for Home loan, Best Home loan Bank in India, Which bank is the cheapest home loan? , In this article, we will talk about the best home loan bank in India and financial institutions that offer home loans to customers at attractive interest rates.home loan) provides. If you want to take home loan from any bank and you want to compare them and you have this question in your mind that which bank gives the cheapest home loan then this article is for you, so you can read this article till the end. Read and share it if you like it.
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What is Home Loan
home loan one secured loan happens | To take this loan, we have to mortgage some thing like property. Home loan is taken at economic interest rates and for a long period. Any person takes a home loan to buy, build or renovate a house or flat. After taking a home loan, it is repaid as EMI.
If you are not able to repay the home loan amount, then the bank recovers your money by selling the mortgaged thing by you. You can apply online for home loan (online loan apply) and can apply both offline. any bank home loan of the applicant before giving CIBIL Score checks | of the Government of India government scheme whose name Prime Minister’s Housing Scheme Under Home loan subsidy is provided.
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Many types of facilities are provided on home loan such as home loan subsidy, balance transfer, top up loan facility etc. The long tenure for repayment of home loan is usually up to 30 years. Before taking a home loan, you should Home loan interest rate 2022 It is necessary to have information about If you fulfill all the conditions of the bank then you can get the cheapest home loan.
Usually 75% to 90% of the price of the item you pledge home loan is given to the beneficiary. There are many banks which give Best Home Loan Offer which we will discuss in this article. You can take a home loan from both banks or non-banking finance companies (NBFCs). Before you apply for home loan home loan calculator With the help of this you should calculate the EMI of your loan so that you can get an idea of how much installment you will have to pay at the time of repayment of the loan.
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Best home loan in India in Hindi
Before applying for a home loan, you must have a question that which bank is the cheapest home loan? Given below is a list of all home loan banks in India that provide home loans to customers at attractive interest rates. You can find out by comparing these Which bank has the cheapest home loan ,
| Name of bank | Initial interest rate (per annum) | loan amount | processing fee |
|---|---|---|---|
| City Union Bank Home loan | 10.25% | Maximum Rs 1 crore | Minimum of Rs.250 up to 1% of the loan amount |
| Deutsche Bank Home Loan | 6.65% | Maximum up to Rs.25 crore | Up to 1% of the loan amount |
| Indian Bank Home Loan | 6.90% | Based on the repayment capacity of the applicant | Up to 1% of the loan amount |
| HDFC Home Loan | 7.55% | Applicant’s CIBIL score, based on income | 0.50% of the loan amount or ₹3,000 whichever is higher |
| Union Bank of India Home loan | 6.60% | You can get as much loan amount as you want. – In case of repairs and renewals – maximum Rs.30 lakhs |
0.50% of loan amount + GST, maximum Rs.15,000 |
| IIFL Home Loan | 8.70% | 10 crore rupees | Up to 1.75% of the loan amount |
| LIC Home Loan | 6.75% | Minimum Rs 1 lakh | 0.50% of loan amount minimum ₹5000 + GST and maximum ₹15000 + GST |
| RBL Bank Home Loan | 9.50% | up to 10 crore | Up to 1.50% of the loan amount |
| Kotak Mahindra Bank Home Loan | 6.60% | depends on your profile | Salaried: 0.5% of the loan amount Self Employed, HL Top-up / Commercial Purchase: 1.0% of the loan amount |
| Shriram Finance Home Loan | 8.9% | 1 lakh to 10 crore rupees Up to 90% of the maximum property cost |
0.50% of the loan amount or Rs.5,000 |
| UCO Bank Home Loan | 6.90% | For Construction/Purchase/Acquisition/Extension – No upper limit
For repair/renovation – Rs 15 lakh |
0.5% of the loan amount, Minimum – Rs 1500, Maximum – Rs 15,000 |
| Reliance Home Loan | 9.75% | Up to 80% of the property value | Up to 0.5%-1.5% of the loan amount |
| GIC Home loan | 7.24% | Up to 90% of the property value | Rs 3000 + GST |
| Indiabulls Home loan | 7.60% | Depends on applicant’s profile | 1% of loan amount |
| DHFL Home Loan | 10.50% | Up to 90% of the purchase price | 0.5% to 1% of the loan amount (minimum Rs. 2500) |
| SBI Home Loan | 7.55% | Rs 100 crore | |
| IndusInd Bank Home loan | 8% | Depends on applicant’s profile | 0.50% of loan amount |
| Sundaram Finance Home loan | 6.95% | Depends on applicant’s profile | Depends on applicant’s profile |
| Yes Bank Home Loan | 6.70% | 10 lakh to 10 crore | Up to 2% of the loan amount subject to a maximum of Rs.10,000 |
| Aavas Finance Home Loan | 12% | Starting from Rs 1 lakh | 1% of loan amount + GST |
| Standard Chartered Bank Home loan | 7.55% | up to Rs 35 crore | Up to 1% of the sanctioned loan amount |
| Bajaj Finance Home Loan | 6.65% | up to Rs 5 crore | |
| Federal Bank Home Loan | 8.05% | up to Rs 15 crore | 0.50% of the loan amount, minimum Rs.10,000 and maximum Rs.45,000 |
| Aditya Birla Home Loan | 8% | Depends on factors like your CIBIL score, income | Up to 1% of the loan amount |
| IDFC Home loan | 7.95% | up to Rs 10 crore | Up to 3% of the loan amount |
| Saraswat Bank Home Loan | 7.50% | Maximum up to Rs 70 lakh | Nil up to Rs 30 lakh |
| Karur Vysya Bank Home Loan | 7.95% | ||
| India Shelter Home Loan | 12% | 8 lakh to 50 lakh rupees | 2% to 3% of the loan amount |
| IOB Home loan | 7.05% | Up to 90% of the property value | Up to 0.50% of the loan amount (maximum 25000) |
| ICICI Bank Home Loan | 8.10% | up to 1.00% | |
| Bank of Maharashtra Home Loan | 7.30% | Depends on applicant’s profile | Up to 0.50% of the loan amount |
| PNB Home Loan | 7.50% | in different plans | 0.35% of loan amount + GST |
| HSBC Home Loan | 6.85% | 3 lakh to 30 crore rupees | 1% of loan amount |
| Punjab and Sind Bank Home Loan | 6.80% | Depends on applicant’s profile | Up to 0.25% of the loan amount |
| Bandhan Bank Home Loan | 6.40% | Depends on applicant’s profile | 0.25% to 1.00% depending on the scheme GST |
| Citibank Home Loan | 7.40% | Maximum Rs 10 crore | |
| Canara Bank Home Loan | 8.05% | Depends on applicant’s profile | 0.50% of loan amount (Min. – Rs. 1500, Maximum – Rs. 10,000) |
| Bank of India Home Loan | 7.40% | up to Rs 500 lakh | Up to 0.25%, Minimum ₹ 1,500 Maximum ₹ 20,000 |
| Tata Capital Home Loan | 7.75% | 5 lakh to 5 crore rupees | |
| Axis Bank Home Loan | 7.60% | 3 lakh to 5 crore rupees | Starting from 0.50% |
| Pradhan Mantri Awas Yojana [Home Loan] | |||
| Central Bank of India Home Loan | 6.85% | Up to 90% of the property value | 0.50% of loan amount + GST, Minimum – Rs 2500, Maximum – Rs 20,000 |
| IDBI Home Loan | 6.75% | 10 crore rupees | 0.50% of loan amount, minimum Rs.2,500 |
| Bank of Baroda Home Loan | 7.45% | depends on your income |
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Home Loan Interest Rate 2022
Before applying for home loan Home Loan Interest Rate It is very important to have information about In the table given above, information about home loan interest rate of all banks is given. There are two main types of home loan interest rates, one is Fixed Rate Loans and the other is Floating Rate Loans. Banks also offer loans at a hybrid loan rate which is a mix of both fixed and floating.
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How to get the cheapest home loan?
Everyone wants to get cheap home loan. If the applicant wants a cheaper home loan (Cheapest Home Loan) but it depends on some factors. The applicant should take care of these factors. Applicants can increase their eligibility keeping these factors in mind which are as follows:
- Credit ScoreThe credit score of the applicant is very important for the loan. Banks do not give loans to people whose CIBIL Score means that their credit score is very bad and if they do, then that loan is not a cheap loan. Therefore, the applicant should pay a lot of attention to his credit score. If your credit score is 750 or more, then you can get a cheaper rate from the bank. home loan can get
- Applicant’s income and employment status: If the applicant has a good employment which is making him a regular income then the applicant can get cheap home loan. The bank checks the income and employment status of the applicant before granting the home loan.
- Home Loan for Women: If you are a woman and you are taking a home loan, then most of the banks provide a discount in the interest rate on the home loan to the women. Usually this discount is up to 0.50%. So if you are thinking of taking home loan then you should give priority to the lady of your family.
- Home Loan Amount: Home loan amount can also affect your interest rate. Therefore, you can consult the bank about how much home loan amount you get the benefit.
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Conclusion
In this article we have you Best Bank for Home loan in India 2022 Provided complete information about. If you are going to take a home loan to fulfill your dream of home, then you should do a comparison between all the home loans before that so that you can find the cheapest loan. If you still have a question in your mind that Sabse Sasta Home loan Kis Bank Ka Hai, then you can also write us in the comment.
Hope friends, you have found this article informative. If you liked the information given in this article, then please share it as much as possible.
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Questions related to Best Home Loan Bank:
Ans. When we take a loan to build a house, buy a house or renovate a house, it is a home loan.
Ans. In lieu of giving home loan amount, an amount is collected from the customer by the banks, which is called the home loan interest rate.
Ans. You can apply for home loan by visiting any bank.
Ans. It is different in different bank. But generally applicants can take home loan up to 90% of the cost.
Ans. This article gives a list of all the banks that provide home loans. You can compare these