IDBI Home Loan
IDBI home loan provide flexible home loan at lower processing fee to fulfill the milestone of dream home for every individual. Individuals can avail home loan for construction, purchase, and renovation of home. The IDBI bank allows home loans for Indian residents and Non-Indian residents as well. Tenure of home loan for Indians is 20 years and for NRI’s it is 10 tears.
One can avail 90% of benefits on the property after submitting loan application to the IDBI bank. Instant loan approval facility is at the doorsteps of the customers from IDBI bank. Customers can also apply for home loan online. The attractive interest rates drag the attention of the customers to avail home loan. Tax deduction is also available for the customers who avail home loan.
Benefits of the customers availing home loan from IDBI home loan include hassle free documentation. Instant process of loan approval is special feature of IDBI bank with no processing fee along with IDBI home loan interest rate. The details of the document are confidential and revealed only to the customer and nominee. Customers trust the transparency of the document along with safety for the loan document. Pensioners can avail overdraft facility from the IDBI home loan. The loan amount availed by the customer can be repay in easy EMI as the bank understands the other needs of the loan takers as well. The interest rate of the IDBI bank is 10.25% for Rs. 1lac to 1.5crores.
PNB Home Loan
Punjab National Bank offers home loan for normal and flexible variants. The 18 to 65 years individuals applying for PNB home loan are grouped in Normal variants list. Flexible variants are the individuals after 50 years age. Individuals are interested to take PNB home loan to construct, purchase or renovate the property. The tenure for fixed variants is up to 25 years. There are no hidden charges for the customers after getting home loan from PNB home loan.
Customers are interested to know the details before going for the home loan as on original document there is lapse after 5 years upto 20% of loan amount sanctioned. There is no stamp duty and credit information charges from the bank. The PNB home loan interest rate depends on the pocket expenses of the individuals in specific cases. Individuals are curious about the interest rate offered by the PNB home loan as it is 20% for Rs. 20lacs and 25% for the individuals who avail home loan above Rs. 25lacs. Individuals should pay Rs.1350 as document charges. Individuals availing home loan upto Rs. 300lacs should pay 0.50% of the loan amount with an interest amount of Rs. 20000/- along with taxes. Home loans above Rs. 300lacs should pay Rs. 50000/- along with taxes.
HDFC Home Loan
The individuals interested in building a dream home can avail loan from HDFC home loan as it is listed high from the banks list. Individuals go for home loans for various reasons like home improvement, renovation, home extension. HDFC home loan interest rate is flexible to get a home loan and repayment of loan is easy to the customers. The bank supports safe document storage at free of cost. It offers loans for both Indian and non-Indian residents. Instant home loan approval is the best practice of the bank along with HDFC home loan interest rate.
Individuals can go for home loan approval from anywhere in India. Online application for home loan is the best practice for the current routine. Customers are impressed by the transparency commitment of the bank. The paper quality and services offered by HDFC made the bank ranked high from the list. Individuals who go for the home loan in the HDFC bank can be benefited by the tax deduction on home loan application. The HDFC home loan rate changes depending upon the individuals portfolio. The home loan interest rate for Rs. 30 lac is 14% as a variable rate.
SBI Home Loan
SBI Bank home loans fulfill the dream of own house for most of the customers with lowest EMIs. The customers enquire about the interest rates offered by banks in India and going to opt SBI as it offers reasonable interest on home loans. Customers prefer to choose SBI home loan as the interest rate is low. The interest rates vary on the individual’s portfolio. Cross checking the home loan application is easy with SBI as the processing charges and premium charges are low. The SBI home loan interest rate is 9.95% up to Rs 30lac at 0.25%. It is 10.10% for above Rs 30lac at 0.40%. Trust and transparency of the home loan documents made customers avail home loan. Individuals should pay an EMI in 995 installments at an interest of 9.95% for 25 years. The EMI is from 9.95% to 10.10% for 15 to 20 years up to Rs 30lac with an increase in installments.
Bank of India
Bank of India fulfils the desire of dream house as these include documentation process and instant home loan process. The Bank of India enquires about the eligibility, Processing Fee, Interest rates. The Interest Rates of home loan starts from 10.00% to 10.25% Per Annum. The bank of India home loan interest rate in choosing different EMI amounts for different periods on home loan. During tenure of loan customers repayment capacity in paying the home loan should be verified. The prepayment of Loan permitted for the home loan customers. The Accident Insurance cover should be inclusive of home loan with free of cost. The tenure term of loan upto Rs 30lacs supports at an interest of 10.00%. The interest rate of loan for Rs. 30 to Rs. 75lacs is 10.10%. The home loan more than Rs 75lacs Bank of India interest rate is 10.25%
Axis Bank Home loan
The Axis bank home loan limits the benefits and features as one can get EMI’s waived off by paying EMI’s on regular basis. This is absolutely free with no extra cost to enjoy standard interest rates and happy ending. The balance transfer facility is available from axis home loan interest rate. The bank is ready to present before individual’s door steps. Individuals can pay off the housing loans for prepayments. This feature will last for 15 years. One can avail home loan instantly from axis home loan.
The interest rate for home loan is 10.25% upto 25lacs and later 10.65%. The EMI per lac EMI for housing loan is 982. The EMI for home loan above 25lacs is 1008. The processing fee for Rs. 10000/- and service tax. There is no prepayment option for home loan from Axis bank.
Raj Kumar is a qualified business/finance writer expert in investment, debt, credit cards, Passive income, financial updates. He advises in his blog finance clap.