Bank Name

Interest rate

Tenure

Processing Fee

Action

SBI Home Loan
8.50% - 10.15% P.A.
Up to 30 years
0.35% of the loan amount plus applicable GST, minimum Rs.2,000/- plus applicable GST and maximum of Rs. 10,000/- plus applicable GST
HDFC Home Loan
8.50% - 9.40% P.A.
Up to 30 years
Up to 0.50% of loan amount or Rs 3,000, whichever is higher For Self-employed Non-Professionals: Up to 1.50% of loan amount or Rs 4,500, whichever is higher
Union Bank Home Loan
8.35% P.A. onwards
Up to 30 years
0.5% of the sanctioned amount plus GST.
PNB home Loan
8.50% P.A.
Up to 30 years
0.35% of the loan amount plus GST. PNB offers subsidised rates to EWS, LIG, and MIG applicants under the PMAY scheme.
LIC HFC home Loan
8.50% P.A.
Up to 30 years or attainment of 80 years
Up to 0.50%
Axis Bank Home Loan
9.0% P.A.
Up to 30 years
Up to 1% or min. Rs. 10,000/-
Bank of Baroda Home Loan
8.40% P.A.
Up to 30 years
NIL
Canara Bank Home Loan
6.90% -10.5% P.A.
Up to 30 years
0.5% of the amount
Kotak Mahindra Bank Home Loan
8.70% P.A.
Up to 25 years
1.00% of the amount

Top Home Loan Schemes & Offers

  1. Kotak Mahindra Bank
    • The bank offers low interest rates starting from 8.70 % p.a.
    • Professing charges are up to 0.05% of your loan amount.
    • Loan tenure is up to 20 years.
    • Zero reimbursement fee
    • Balance transfer with the top-up facility is available.
  2. Canara Bank Housing Loan
    • They provide low interest rates for women beginning from 6.90% -10.5% P.A.
    • Maximum reimbursement tenure of 30 years
    • Processing fee of up to 0.50% of the loan amount
    • You can use it to purchase or construct a house/flat
    • Zero prepayment amounts
  3. Axis Bank Home Loan
    • Low interest rates starting from 9.00% p.a.
    • Loan amounts of up to Rs.5 crore
    • Maximum repayment tenure of 30 years
    • Processing fee of up to 1% of the loan amount
    • No prepayment/foreclosure charges
  4. HDFC Reach Home Loans for self-employed professionals
    • For Self -employed interest rates start from 8.45% p.a.
    • Flexible repayment tenure of up to 30 years
    • Flexible reimbursement tenure of up to 30 years
    • Processing fee of 2% of the loan amount
    • Minimal documentation with a minimum income of Rs.2 lakh p.a.
    • Add a woman co-owner for lower interest rates
  5. HDFC Home Loans for Purchase
    • Low interest rates begin from 8.60% p.a
    • HDFC loan tenure of up to 30 years
    • Processing fee of up to 0.50% of the loan amount
    • Special arrangement for Indian army employees through a partnership with AGIF
    • Legal and technical counselling from experts
    • EMIs start at just Rs.776 per lakh
  6. PNB HFL Home Loan
    • Engaging rates starting from 9.50% p.a.
    • Zero processing fee
    • Home loan tenure of up to 30 years
    • Processing fee of up to 0.5% of the loan amount
    • Loan enhancement in case of escalating costs
    • Quick loan application and approval process
  7. HDFC Home Loans for Existing Customers
    • Low-interest rates starting from 8.60% p.a.
    • The Maximum term of 30 years
    • Processing fee of 0.5% of the loan amount
    • Quick loan disbursal
    • Can add a co-applicant to increase the loan amount
    • EMIs start at just Rs.776 per lakh
  8. SBI Realty Home Loan
    • Low-interest rates starting from 8.60% p.a.
    • The Maximum tenure of ten years
    • Processing fee of up to 0.35% of the loan amount
    • Maximum loan amount of up to Rs.15 crore
    • Interest rate concession for women borrowers
  9. HDFC Home Loans Balance Transfer
    • Interest rates starting from 8.75% p.a.
    • Avail of an additional top-up loan of up to Rs.50 lakh
    • Loan tenure of up to 30 years
    • Processing fee of up to 0.5% of the loan amount
    • EMIs start at just Rs.776 per lakh
  10. SBI Smart Home Top-Up Loan
    • Interest rates starting from 9.55% p.a.
    • Maximum loan tenure of 10 years
    • Processing fee of Rs.2,000 + GST
    • Overdraft facility for loans above Rs.20 lakh
    • Loan tenure of up to 30 years
    • No prepayment penalty
  11. Union Awas Home Loan
    • Interest rates begin from 8.75% p.a. for credit scores below 600 for loans amounting up to Rs.30 lakh
    • Moratorium period of up to 3 years for construction or buying home
    • Loan tenure of up to 30 years
    • For agriculturists, quarterly/half-yearly/annual reimbursements instead of EMI can be availed.
    • Open to endless employees of educational institutions and agriculturists with a yearly income of up to Rs.48,000 p.a.

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Eligibility Criteria

Eligibility Criteria Requirement
Age Minimum Age: 18 years and Maximum Age: 70 years
Resident Type The applicant must be (any one):
  • Resident Indian
  • Non-Resident India (NRI)
  • Person of Indian Origin (PIO)
Employment The applicant can be (any one):
  • Salaried
  • Self-employed
Net Annual Income At least Rs.5-6 lakh depending on the type of employment
Residence The applicant must have (any one):
  • A permanent residence
  • A rented residence where he/she has resided for at least a year prior to applying for a loan
Credit score A good credit score of at least 750 or more obtained from a recognised credit bureau

Documents Required for Home Loan

Identity Proof (anyone) Residence Proof (any one) Other Documents
Driving Licences Copy of Electricity Bill/Water Bill/Telephone Bill Employer Identity Card
PAN Copy of valid Passport/Aadhar card /Driving License Duly filled loan application form affixed with 3 passport size photographs
Voter ID Card ---- Loan account statement for the previous 12 months if the applicant has any other ongoing loan from other banks/financial institutions

Income Proof Document

For Self-Employed applicant/Co-Applicant For Salaried Applicant/ Co-Applicant
Income tax Returns for the last three years Copy of 16G form Income tax return slip of last two years.
Certificate of Qualification Salaries slip of last two months
Balance Sheet audited by a certified CA and Profit and Loss account for the previous 3 years ----
Business Licence Details ----
Business address proof ----
TDS Certificate ----

Documents Required from all Non-Resident Indians (NRIs) Applicants

Identity Proof (anyone) Residence Proof (any one) Other Documents
PAN Telephone bill Attested copy of the applicant’s/co-applicants’/guarantor’s valid passport and visa
Valid Passport Electricity bill Proof of residence indicating the applicant’s current overseas address
Driver’s Licence Water bill Employer Identity Card
Voter ID Card Piped Gas bill If the applicant is employed in the Merchant Navy, the applicant is required to submit a copy of Continuous Discharge Certificate (CDC)
---- Valid Passport PIO Card issued by the Government of India in case the applicant/co-applicant is a Person of Indian Origin (PIO).
---- Driving Licence The completed loan application form duly filled with three passport size photographs of the applicant and co-applicants.
---- Aadhaar Card The attestation of the documents can be done by: 1. Indian Embassy/Consulate 2. Overseas Notary Public 3. FOs/Representative
---- ---- Offices 4. Officials of Branch/Sourcing Units based in India

Income Proof Documents for NRI

For Self-Employed applicant/Co-Applicant For Salaried Applicant/ Co-Applicant
Proof of income if the applicant/co-applicant is a self-employed professional/businessman. Valid work permit
Business address proof Employment contract (translated in English) attested by the employer/consulate/embassy/Indian foreign office if the contract is in another language.
Balance Sheet and Profit and Loss accounts audited by a certified CA for the last 2 years Salary slips for the last 3 months
Individual Tax Return for the last 2 years – Not applicable to NRIs/PIOs located in the Middle East countries. Bank statements indicating salary credit for the last 6 months