Top 10 Best Bank For Home Loan

Interest Rates

8.75% to 9.40% for the salaried and the self-employed

Loan Amount

1 lakh to 10 crores

Loan Tenure

Up to 30 years

Processing Fee

Up to 0.50% of the loan amount or Rs. 3000/- whichever is higher plus applicable taxes / statutory levies.

Eligibility Criteria

Age: 18 to 70 years

Profession: Salaried or self-employed

Nationality: Resident Indian

Tenure: Up to 30 years

Interest Rates

For the salaried - From 9.25% p.a.

For the self-employed: From 9.40% p.a.

Loan amount

Rs. 1 lakh to Rs. 10 crores

Loan Tenure

Up to 30 years

Processing fee

Rs. 3000 or 0.50% to 2.00% of the loan amount

Eligibility Criteria

Age: 21 to 70 years

Profession: Salaried or self-employed

Loan Tenure: Up to 30 years

Loan Amount: No upper limit depending on your eligibility

Income criteria: Minimum income for ICICI Bank home loan is Rs. 25,000

Nationality: Indian

Interest Rates

For the salaried: From 8.75% p.a.

For the self-employed: 8.85% p.a. to 9.15% p.a.

Loan Amount

Up to Rs. 5 crores

Loan Tenure

Floating interest rate with a tenure of upto 30 years or a fixed interest rate with a tenure of 20 years.

Processing fees

1% of the loan amount

Eligibility criteria

Age: 21 to 65 years

Occupation

For the self-employed:Individuals permanently in service in the government or reputed companies

For the salaried:Professionals including doctors, chartered accountants, engineers, dentists, architects, company secretaries, cost accountants, and management consultants

Interest rates

From 8.4% onwards

Loan amount

Up to 10 crores

Loan Tenure

Up to 30 years

Processing fees

Up to 0.25% of the loan amount

Eligibility Criteria

Age: the age should be at least 21 years. For a co-applicant, the age should be 18 years

Occupation: Either salaried or self-employed

Creditworthiness of the applicant: A clear and good credit history and credit score in the past and present

Nationality: Applicants may be residents of India, non-resident Indians (NRIs) holding Indian passports, persons of Indian origin (PIOs) holding passports of other countries, or overseas citizens of India (OCI).

Occupation: Self-employed or salaried individuals

Interest rates

For the salaried individuals: From 8.50% p.a.

For the self-employed individuals: From 8.80% p.a.

Loan Amount

Up to 5 crores. Loans can be provided up to 90% of the property’s value.

Loan Tenure

Up to 30 years

Processing fees

0.50% of the loan amount and can go up to Rs. 50,000.

Eligibility Criteria

Age: 21 to 70 years

Residency: Permanent Indian resident

Work Experience:

For salaried employees:minimum 3 years of experience for salaried employees

Interest rates

For salaried and self-employed, interest rates begin at 7.45% p.a

Loan Amount

From 10 lakhs to Rs. 10 crores

Loan Tenure

Up to 25 years

Processing Fees

Charges up to 0.50% of the loan amount

Eligibility Criteria

Age: 21 to 65 years

Nationality: Indian resident

Work Experience/Business Continuity:

For salaried: 2 years minimum

For self-employed: 3 years minimum

Maximum loan amount: 10 crore

Interest rates

For the salaried: 8.50% p.a.

For the self-employed: 9.25% p.a. to 10.45%.

Loan Amount

Loan amount as per their eligibility

Loan Tenure

Up to 30 years

Processing fees

0.35 to 0.50% of the loan amount

Eligibility Criteria

Age: 18 to 70 years

Employment Type: Salaried individuals, non-salaried business people or professionals.

Loan-to-value ratio: 80% to 90%

Nationality: Indian

Interest rates

For the salaried: 9.8% to 10.30% p.a.

For the self-employed: 9.8% – 10.30% p.a

Loan Amount

Up to 50 lakhs

Loan Tenure

Up to 30 years

Processing fees

Up to 0.50% of the loan amount

Maximum loan amount: Rs. 10,000

Minimum loan amount: Rs. 1,500

Eligibility Criteria

Age: The borrower should be less than 60 years for availing the loan. He must be able to clear the loan before reaching 75 years

Work Experience:

For the salaried individual: The person must have 2 years aggregated regular and continuous service with minimum 6 months completed in the current company.

For the non-salaried individual: Any individual engaged in business and self-employed persons like doctors, chartered accountants, architects, and others. Documentary proofs have to be produced of 3 years ITR/ITAO

Resident Type: Resident Indians and non resident Indians holding Indian passport or people of Indian origin holding foreign passport or overseas citizens of India.

Interest Rates

For the salaried: Starts at 8.60% p.a.

For the self-employed: Starts at 8.80% p.a.

Loan Amount

Up to Rs. 15 lakhs for rural borrowers

Up to Rs. 25 lakhs for semi urban borrowers

Loan Tenure

Up to 30 years or up to the borrower is 75 years old

Processing Fees

Up to 0.15% of the loan amount, subject to a maximum of Rs. 25,000.

Eligibility Criteria

The maximum loan amount will be the least loan amount evaluated based on the permissible deduction norms, maximum permissible LTV ratio, and loan amount requested

Interest Rates

For the salaried: Begins at 8.70% p.a.

For the self-employed: Begins at 8.75% p.a.

Loan amount

Up to 5 crores

Loan Tenure

Up to 25 years

Processing Fees

0.5% of the loan amount for salaried and 1% of the loan amount for the self-employed

Eligibility Criteria

Age:

For the self-employed: 18 to 65 years

Minimum income:

For the salaried:

Rs. 15,000 in other cities.

For the self-employed:

Rs. 1,80,000 in other cities.