Check Loan Eligibility
A Home Loan is a sum of money borrowed from a bank of non-banking financial institution to purchase a house. A Home Loan is taken either for buying a house / flat; a plot of land for construction of a house; or renovation / modification of an existing house.
The property to be purchased is mortgaged to the lending bank / NBFC as a security till the repayment of the loan.
The Interest Rates for Home Loan can be fixed or floating depending on the need of the borrower.
Any individual between the age-group of 24 to 65 years (in case of self-employees) and 60 years (in case of salaried employees). A salaried Employee is eligible for a Home Loan as long as his Repayment Capability can be established by the lending Bank / NBFC.Individuals
1 Salaried Individuals: an Individual who is in permanent service in any Government Establishment or any reputed private sector company in India. A Home Loan can also be availed by a NRI – Non Resident Indian working with any reputed Company.
2 Professionals: individuals practising following such professions – Doctors, Lawyers, Architects, Chartered Accountants, Company Secretariat, Management Consultants.
3 Self Employed: Individuals like traders, shop-keepers, distributors, manufacturers, service providers etc.
Proprietorship firms, Partnership firms, Private Limited Companies, LLP, Public Limited Companies
How we can help you:
• As Loan Consultants; we work with multiple Banks / Non-Banking Financial Institutions. We understand the industry; the LTV (Loan to Value) and eligibility criteria of all lending institutes; we can offer our services to enable the clients make uniformed decisions for their Mortgage loans.
A bank needs correct documentation; and sometimes documentation varies from bank to bank. We take care of all documentation on the client’s behalf; we arrange documents as per the requirement and we also ensure that the Form is duly filled as per the expectation of the lending institute. Clients can benefit by not stressing out on the documentation and relying on us to get the paperwork sorted.
Loan Amount: amount can range from ₹ 2 Lakh to ₹ 15 Cr.
Interest Rates: Home loan Interest Rates start from 7.90%. Special rates for women borrowers.
Processing Fee: Up to 0.5% of loan amount or Maximum Rs. 10,000, whichever is higher.
Tenure: the loan tenure can be from 5 years to 30 years
Loan to Property Value Ratio: the LTV can vary from 65% to 90%.
|Bank||Home Loan Rate||Benchmark Type||Processing Fee|
|Allahabad Bank||8.25%||RLLR||0.40% , Max Rs. 50,000|
|Andhra Bank||8.15%||RLLR||0.50% , Max Rs. 10,000|
|Axis Bank||8.25%||RLLR||0.20% , Min Rs. 5,000, Max Rs. 25,000|
|Bank of Baroda||7.25%||RLLR||Min Rs. 10,030|
|Bank of India||8.15%||RLLR||0.25% , Min Rs. 1,500, Max Rs. 20,000|
|Citibank Home Loan||8.20%||TBLR||NIL|
|Corporation Bank||8.35%||RLLR||0.50% , Max Rs. 50,000|
|Canara Bank||8.05%||RLLR||0.50% , Min Rs. 1,500, Max Rs. 10,000|
|Central Bank of India||8.00%||RLLR||0.50% , Max Rs. 20,000|
|Development Bank of Singapore||8.45%||RLLR||Max Rs. 10,000|
|Dewan Housing Finance Limited||9.50%||PLR||0.50%, Min Rs. 2,500, Max Rs. 20,000|
|Development Credit Bank||10.24%||1 Year MCLR||2.00%, Min Rs. 5,000|
|Dhan Laxmi Bank||8.85%||RLLR||1.00% , Min Rs. 10,000|
|Federal Bank||8.55%||RLLR||0.50% , Min Rs. 3,000, Max Rs. 7,500|
|GIC Housing Finance||10.25%||PLR||Min Rs. 2,500|
|HSBC Bank||8.65%||RLLR||1.00% , Max Rs. 10,000|
|HDFC Home Loan||8.00%||PLR||0.50%, Min Rs. 3,000, Max Rs. 10,000|
|Indiabulls||9.25%||PLR||Min Rs. 7,500, Max Rs. 10,000|
|Indian Bank||8.20%||RLLR||0.23% , Max Rs. 20,381|
|Indian Overseas Bank||8.20%||RLLR||0.53% , Min Rs. 8,900, Max Rs. 13,350|
|IDFC First Bank||9.50%||RLLR||Min Rs. 5,000, Max Rs. 5,000|
|Industrial Development Bank of India||8.25%||RLLR||0.50% , Min Rs. 2,500|
|Jammu And Kashmir Bank||8.45%||1 Year MCLR||0.25%, Min Rs. 500, Max Rs. 10,000|
|Kotak Bank||8.60%||RLLR||Max Rs. 10,000|
|Karnataka Bank||8.55%||RLLR||0.25% , Min Rs. 250|
|Karur Vysya Bank||8.20%||RLLR||Min Rs. 5,000|
|Lakshmi Vilas Bank||9.70%||RLLR||0.40% , Min Rs. 10,000, Max Rs. 20,000|
|LIC Housing Finance||8.10%||PLR||0.25%|
|LT Housing Finance||9.90%||PLR||2.00%, Min Rs. 4,999|
|Oriental Bank of Commerce||8.00%||RLLR||0.50% , Max Rs. 20,000|
|PNB Housing Finance||8.95%||PLR||0.50%, Min Rs. 10,000|
|Punjab and Sind Bank||8.05%||1 Year MCLR||0.25%, Min Rs. 1,000, Max Rs. 15,000|
|Punjab National Bank||7.95%||RLLR||0.35% , Min Rs. 2,500, Max Rs. 15,000|
|Piramal Housing Finance||9.00%||PLR||0.10%|
|Ratnakar Bank Limited||10.45%||1 Year MCLR||Min Rs. 5,000, Max Rs. 15,000|
|Reliance Capital||10.00%||PLR||1.00%, Min Rs. 3,000, Max Rs. 6,500|
|Standard Chartered Bank||9.40%||3 Month MCLR||1.00%, Min Rs. 5,000, Max Rs. 10,000|
|Syndicate Bank||8.00%||RLLR||0.13% , Min Rs. 500, Max Rs. 5,000|
|South Indian Bank||8.80%||RLLR||1.00% , Max Rs. 10,000|
|SBI Home Loan||7.90%||RLLR||0.20% , Min Rs. 4,000, Max Rs. 30,000|
|Union Bank of India||8.25%||RLLR||0.50% , Max Rs. 15,000|
|UCO Bank||8.05%||RLLR||0.50% , Min Rs. 1,500, Max Rs. 15,000|
|United Bank of India||8.00%||RLLR||0.59% , Min Rs. 1,180, Max Rs. 11,800|
|Yes Bank||9.85%||1 Year MCLR||1.00%, Max Rs. 15,000|