Which is the Best Bank for Home Loan in India?


Hey, if you are looking to borrow a home loan for buying your own house and confused about that which is the Best Bank for Home Loan in India. Then you are at the right place, I’ve compared and listed all banks that are providing the best home loans at reasonable Home Loan Interest Rate.

Best Bank for Home Loans in India

  • #1. State Bank of India Home Loan
  • #2. HDFC Home Loan
  • #3. ICICI Home Loan
  • #4. Axis Bank Home Loan
  • #5. Dewan Housing Finance Ltd. (DHFL)
  • #6. Indiabulls Home Finance
  • #7. LIC Housing Finance Home Loan
  • #8. PNB Housing Finance
  • #9. Bank of Baroda Home Loan
  • #10. Aditya Birla Capital Home Loan
  • #11. Tata Capital Home Loan

Tips for Choosing a Home Loan

Here are some tips for you while going to borrow a Home Loan:

#1. You should make a women co-borrower she maybe your Mother, Sister or Wife to get lower Interest rates on Home Loan.

#2. The processing fee is charged by banks and lenders at a fixed rate or a few percentages over the loan amount. You should check whether processing fee is fixed or percentage basis. Some time banks charge processing fees irrespective of loan approval.

#3. Few banks and lender also charges legal fees to recover their additional expenditure on Stamp Papers / Bonds and for other documents verification processes.

#4. After taking the home loan, if you want to pay it early then the bank charges pre-closer fees than may be up to 3% on the remaining principal amount. The fee is charged for a certain amount of period after that you can pay early.

#5. I strongly advise you to buy insurance for your home loan that secures you and your family financially, if some go wrong with you.

Conclusion

If you are planning to take a home loan then you can consider the above-mentioned banks and you should follow the above-mentioned home loan tips to get maximum benefits while borrowing housing loans.

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