Home Loan Banks
There are a number of home loan options available in the market which is provided
by numerous home loan banks in India. The terms and conditions of each home loan
bank differ from one another and so are the eligibility criteria and other such
things. So, a customer must have a good knowledge of all options that he has
available to him. There are a number of major players, from both public and
private sector undertakings. So we are providing a list of best few which we
have on our panel.
Housing Development and Finance Corporation (HDFC) is one of the seasoned banks
which provide best home loan deals in India. It also offers its customer
convenient prepayment options which come in handy while paying off the loan
before the fixed tenure.
Industrial Credit and Investment Corporation of India (ICICI) being one of the
pioneer and largest home loans bank in India, has the maximum to offer to its
home loan customers. It is a preferred home loan bank because of hassle free
documentation, quick processing of Home loan and customer satisfaction.
Axis Bank is one of the oldest and most reliable financial institutions in India.
Hence, it has plethora of home loan options to offer its customers. The best
part is that Axis Bank takes minimum processing time and the documentation too
is hassle free.
State Bank of India (SBI), India's biggest loaner, has taken competitive head on
by launching a personal loan program on property loans at interest lower than
those of some of its close competitors. The program, aimed at old property loan
India borrowers and linked to the price of property or house, is offering
personal loan at 11.25% to existing Real Estate Loans customers.
Well as the name suggests a property loan in India means exactly what it sounds
like, a loan given or paid by a bank against a real estate asset. Loan Against
Property is given as a certain quantity of the property's market value which it
is lend against, usually around 40-60 %.
First blue Home Finance Ltd is a financial institution which understands the need
of a borrower and provides customized loan home schemes according to the demand
of its customers. It has a number of loan options with fixed and floating home
loan interest rates.
Citibank is a trusted and tested name in banking industry. This is the reason
that Citibank is renowned over a number of countries for providing consistent
home loan services. This is rated as one of the best home loan banks in more
than 20 countries.
Most Non-Resident Indians think a lot before investing in property or home in
India and most of the time put off the plan due to the effort, the research and
the planning involved. In some instances, it is put off as they do not have
enough resources. For such individuals there is always NRI home loans.