Found 16 Home Loans for you

Showing lowest EMIs for you

Indiabulls housing Finance Limited

Loan Upto

₹ 75,00,000

interest

INTEREST RATE

8.4
fees

PROCESSING FEES

0.5%
tenure

AVAILABLE TENURE

1 - 30 years
Edelweiss Financial Services

Loan Upto

₹ 99,99,999

interest

INTEREST RATE

11.75
fees

PROCESSING FEES

2%
tenure

AVAILABLE TENURE

1 - 25 years
DBS Bank

Loan Upto

₹ 3,00,00,001

interest

INTEREST RATE

8.6
fees

PROCESSING FEES

Rs. 10,000
tenure

AVAILABLE TENURE

5 - 25 years
PNB Housing Finance

Loan Upto

₹ 74,99,999

interest

INTEREST RATE

8.5
fees

PROCESSING FEES

0.5%
tenure

AVAILABLE TENURE

3 - 30 years
Shriram Housing Finance

Loan Upto

₹ 75,00,000

interest

INTEREST RATE

15
fees

PROCESSING FEES

1.5%
tenure

AVAILABLE TENURE

1 - 20 years
Fullerton Housing Finance

Loan Upto

₹ 10,00,00,000

interest

INTEREST RATE

11
fees

PROCESSING FEES

1.5%
tenure

AVAILABLE TENURE

1 - 30 years
DHFL

Loan Upto

₹ 1,00,00,000

interest

INTEREST RATE

8.7
fees

PROCESSING FEES

Rs. 20,000
tenure

AVAILABLE TENURE

1 - 30 years
Standard Chartered Bank

Loan Upto

₹ 75,00,001

interest

INTEREST RATE

9.35
fees

PROCESSING FEES

0.5%
tenure

AVAILABLE TENURE

5 - 20 years
Kotak bank

Loan Upto

₹ 30,00,00,000

interest

INTEREST RATE

9.35
fees

PROCESSING FEES

0.5%
tenure

AVAILABLE TENURE

3 - 20 years
Deutsche Bank

Loan Upto

₹ 15,00,00,000

interest

INTEREST RATE

9.6
fees

PROCESSING FEES

0.2%
tenure

AVAILABLE TENURE

5 - 20 years
Axis Bank

Loan Upto

₹ 75,00,000

interest

INTEREST RATE

8.65
fees

PROCESSING FEES

Rs. 5,000
tenure

AVAILABLE TENURE

1 - 30 years
HDFC Ltd

Loan Upto

₹ 2,00,00,000

interest

INTEREST RATE

8.3
fees

PROCESSING FEES

Rs. 10,000
tenure

AVAILABLE TENURE

1 - 30 years
Capital First

Loan Upto

₹ 10,00,00,000

interest

INTEREST RATE

9.50
fees

PROCESSING FEES

1%
tenure

AVAILABLE TENURE

1 - 30 years
Aditya Birla Housing Finance

Loan Upto

₹ 75,00,001

interest

INTEREST RATE

8.7
fees

PROCESSING FEES

0.5%
tenure

AVAILABLE TENURE

1 - 20 years
Tata Capital Housing

Loan Upto

₹ 75,00,001

interest

INTEREST RATE

9.55
fees

PROCESSING FEES

0.5%
tenure

AVAILABLE TENURE

1 - 30 years
Axis Bank

Loan Upto

₹ 10,00,00,000

interest

INTEREST RATE

8.65
fees

PROCESSING FEES

Rs. 5,000
tenure

AVAILABLE TENURE

1 - 30 years

Frequently Asked Questions

What are the rates of interest for a home loan?

Different banks provide different rates of interest. Therefore, one must check before applying for a home loan in a particular bank in a country. The present rates of interest in the major banks like SBI, HDFC, ICICI and Axis bank is approximately 8.50%. The range varies from 8.35% to 14.00%.

What does it mean to get a “Home Loan” or “Housing Loan”?

As per the name suggests, “Home Loan” is advanced by a bank or financial institution to provide money for buying a house or a flat. There are different types of home loans like- home purchase, home construction, home renovation, home conversion and NRI home loans among other types.

Why should one apply for Home Loan?

One can apply for a Home Loan when the property in hand needs to be bought instantly, and the money can be paid to the bank in fixed intervals of time along with interest. Property prices are often very high which may seem unaffordable for many customers in the long run.

Why should one choose Rubique to apply for a Home Loan?

Rubique is renowned as the world's first neutral online site to show users a customised list of loans and credits they are eligible for. It crafts a different experience for different individuals based on their specific assets and thus, has useful tools to apply for loans throughout the country efficiently.

How can one apply for Home Loan on Rubique?

One can go for the application of home loan on Rubique very easily sitting at home through their online portal. Once you have checked your eligibility, choose from the given list of banks. Compare amongst them to find the most convenient option. Fill in the details and provide the documents.

What are the home loan interest rates as after 25 th September 2018?

The Home Loan interest rate varies from month to month. After September 2018 it has been ranging around 8.35% to 8.90% in most banks for the average customers. It may vary for different customers based on factors like gender, age, a period of loan reimbursement and the overall credit score.

What are the factors that determine the rate of interest for your home loan?

Some major factors affecting the rate of interest will be- the different monetary policy of the state, the economic growth, the rate of inflation, international markets and fiscal deficit. The location and value of your home along with your credit score also affect the rates of interest.

How can one use the home loan EMI calculator on Rubique?

EMI calculation is very important before one applies for the loan. Specify the loan amount and then enter the details like loan tenure, the rate of interest and processing fee rate amongst other details of pre-payment if you do it. Just a few clicks will do this task.

How can one track the home loan application status on Rubique?

One can check their home loan status through the accounts section of the CIBIL report. The current status of the loan application can be checked by filling in some relevant information like name, proposal number and date of birth. The real-time update can be received online.

What are the different types of home loans?

Home loans depend on your requirements. Some key types are- land purchase loans, home purchase loans, home construction loans, home expansion loans, home improvement loans, NRI home loans, balance transfer home loans, bridged loans and stamp duty loans.

How can one decide on choosing the right home loan product?

The right home loan product will depend on your requirement whether you want to purchase a property or renovate your house or something else. One must also consider the financing system while choosing the scheme. The EMI calculation and payment period play a crucial role.

What features are provided in a home loan?

Some key features of a home loan are- the Fixed or Variable rate of interest, Setting the Repayment basis and frequency, Progressive drawdown usage, Lenders mortgage insurance, Family guarantee and discounts in packages, etc.

What are the eligibility criteria to apply for a home loan?

Any self-employed or salaried person can apply for a home loan. It also depends on your age, income and debt repayment history specifics of which may vary from lender to lender. It’s best to reflect before going to bank how much money one can give out each month.

What are the documents required for a home loan?

Some important documents that must be kept handy while applying for home loan are- Photo ID, age proof, Residence proof, property documents, signed application form, bank statement of past six months, salary slips for salaries customers and for the self employed- income tax returns and balance sheet of the past three years.

What are the top banks that offer home loans in India?

Among the top banks rated for their offers in home loans are-DHFL, ICICI, PNB, HDFC and Axis Bank. They are deemed the best as per their attractive rate of interests based on terms and conditions. Also, reliability and loyalty are big trust factors.

What are the fees and charges which are applicable in home loans?

The processing fee may vary from bank to bank. These include MODT charges, legal and technical charges, loan conversion and pre-payment or late payment fees. There are also charges included for documentation and other paper works.

How can one apply for a home loan online?

One can visit the online portal of the selected bank or go to a website which offers a list of different banks and their packages. Thus, one can browse and compare among the different banks and based on the calculated credit score, and EMI amount can go for a customised preference.

What are the key points to note while applying for a home loan?

Some key points to note while applying for a home loan are- Credit score which is based on numerous factors from age to which city you live in, EMI calculation based on how much money you can shell out each month, the rate of interest and policies of the different banks based on your city.

What is the apt time for an individual to make a home loan application?

There's no necessary time limit to apply for a home loan, but one must be sure about paying for the entire term of the bond. Thus, it could be ideal at a prime time when one is sure to have a steady bank balance. Good credit score will be a great pointer for an informed decision.

Is it important to visit the lending bank while availing the home loan?

Evaluation of documents is an important part of the procedure while applying for a home loan. Hence, visitation would be a good step not only for that but also to clarify the entire deal with the bank official before you get started with the application for your package.

Will the lending bank provide for the complete price of the desired property?

The policy may vary from bank to bank, but the trend has been that the bank pays for 80% of the price of the property. Hence, the initial down payment must be made by the customer itself. Other costs that will be excluded by the lending bank will be stamp duty costs, registration costs, and transfer charges, etc.

When does the repayment period start for the customer?

The payment period may be varied from person to person and can also be customised within the available options. One can choose to pay instantly from the next month of the initial down payment with a particular amount of interest based on the rate. If one does it later or even earlier, there will be some variations of charges.

Is it possible to start the loan repayment ahead of schedule?

Yes, lump-sum payments to complete the loan amount ahead of schedule is possible. Some banks may charge 2-3% penalty, but mostly it is considered to be a feasible option if one has a hike in salary and get off the tenure ahead of schedule.

Does one have the choice to decide between the base rate and MCLR for the home loan request?

The MCLR (Marginal Cost of lending rate) or the floating rate of interest allows for a change in the rate of interest while your loan tenure is on. One has a choice to change to MCLR from the base rate by visiting the lending bank and following required procedures.

What is the approximate time for the home loan to be sanctioned?

It takes approximately 3-4 weeks for the approval of the application if it is not held back for any reason. In case of any problem related to verification of documents, etc. the time may extend. The reasons for this are often missing details or credentials. Thus, it is suggested to keep documents handy.

Does one have the option to avail tax benefits from the home loan?

Yes, tax benefits are an option for a single as well as joint borrowers. A tax exemption of up to 1.5 lakh is made on the repayment of the entire home loan principal. Tax benefit can also be gained on the rate of interest up to 2 lakhs for self-occupied which is doubled in the joint case.

Is it a smart investment move to take a home loan?

A home loan is mostly encouraged for prospects of owning property or home. It is also a smart choice to invest in real estate for living or construction. Once you buy an apartment, it can also be put to rent. Hence, it’s certainly a tough but good investment in India.

What does EMI mean?

EMI stands for Equated Monthly Instalments which has to be submitted to the bank on a fixed date of every month based on the rate of interest of your loan. It makes easier to clear the loan by paying parts of it over an extended period.

What collateral is needed to be furnished as security?

For security purposes of the bank, the first mortgage or the title deed of the property. The first lump sum down payment is also an important asset for the bank to ensure the rest of the payment. It is recommended to keep documents of the title deed before giving it to the bank.

Can one apply a joint home loan application with their spouse? Will both the incomes be considered for the loan quantum?

Yes, a joint home loan application is very feasible with a close relation and a spouse with both parties having equal rights on the property. Both the incomes can be considered to get a larger sum of the loan than the single borrower. The tax benefit will also be doubled.

What are the documents needed to avail the home loan in India?

Some important documents to avail home loan in India would be- Completed Loan application form, and passport sized photographs, ID proofs, residence proof, bank statement of past six months, salaried certificates or ITR acknowledgement, a copy of construction plan, valuation report from the bank and allotment letter of housing board.

How does one make the EMI payments against the home loan?

EMI payments can get taxing over a longer period. Therefore, one must choose a shorter time frame which will have a smaller rate of interest. The principal amount should be ensured to be paid faster. If possible, one can also give more than the interest amount, the surplus of which will be added on to the next month's amount.

When will one get back the property documents submitted at the bank for security purposes?

One may not expect back the property documents before the payment of the debt since they are taken as a security asset against the borrower. Therefore, one must have photocopies of the documents before submitting them.

Can one avail home finance for house renovation or construction purposes?

Yes, financing companies, as well as banks, can provide for house renovation or construction in a previously owned house. Builder plans and other documents will have to be submitted for verification of such purposes.

Is it possible to switch from fixed to floating rate of interest and vice versa during the home loan period?

Yes, it is possible to switch from fixed to floating rate of interest and vice versa during the debt-clearing period of the home loan. One must get in touch with the lending bank for the required procedures which may involve some overhead charges.

What are the key things to put in a home loan checklist?

Your home loan application checklist must include- the documents mainly ID proof, residence proof, property documents and salary documents. You must have your credit score, CIBIL score and also what will the rough EMI you can agree for each month.

What can be the possible reasons for the rejection of home loan?

Some basic reasons for rejection could be the unavailability of certain documents or the absence of certain details. The credentials of the desired property should be credible for the bank. The IT acknowledgement is necessary for self-employed customers.

What are the steps to avoid a home loan rejection?

To avoid a home loan rejection, one can take some precautions. Documents are of prime importance and ensure to photocopy them before submitting. Salary people must submit their salary slips and self- employed people their ITR acknowledgement. Maintaining a good credit score is also important to avail any loan.

What tips does one follow to increase eligibility for a home loan?

To increase eligibility for a home loan, one should clear all their previous debts to the bank and aim at maintaining a great credit score. Getting a financially strong co-borrower can also greatly enhance your eligibility even if you have a low credit score since want to ensure that they get their money back.

What tax benefit does one avail on a home loan?

One can avail a good tax benefit from a home loan. While the tax exemption policy can deduct a maximum amount of 1.5 lakhs, the tax benefit from the interest rate can allow for a maximum of 2 lakhs. These amounts can be unified for a hefty double sum in case of joint borrowers.

What does CIBIL score mean for a home loan?

The CIBIL score in a legit indication of your credit points and your loan history. A CIBIL score of 750 and above is ideal, having maximum chances of home loan approval. This will indicate that based on your past finances and present status, you are in good health to burden the price.

What are the possible impacts of GST on a home loan?

While home loan purchases can be increased, it will get expensive for borrowers. For under construction property, the GST is set at 18%. There's an estimated rise in the rate of interests as well as the EMI amount payable each month. For ready homes and resale of the property, the impact is minimal.

What are the top ten reasons for a home loan rejection?

    1. A mistake in personal details
    2. Absence or loss of documents
    3. A CIBIL score below 400
    4. Bad credit score
    5. Low income
    6. Age of the borrower
    7. Instability of career
    8. Property credentials
    9. Record of previous lenders
    10. Loan to income ratio

How does one apply for Pradhan Mantri Awas Yojna (PMAY)?

The PMAY housing scheme can be applied in three categories for different sections of society. The online application is an easy procedure where one can fill in all the personal details, and no extra fees are involved. fee of Rs. 25 is paid if it is done through CSC.