When you are looking for best home loan offers in India then you are sure to be confused as to which lender is the best. You can find umpteen numbers of banks offering you home loan at attractive rates so that you can be benefited. However the loans are subject to certain terms and conditions.
The interest rates are normally either fixed or floating. If you are not able to decide the best Home loan offers as well as the loan provider then for you here is a fast guide on best home loan offers in India:
SBI home loans
SBI without an iota of doubt is the biggest home loan provider in India. The bank provides a bunch of home loan products so as to serve a diversified section of borrowers. You can borrow for any purpose for instance to buy ready-to-built property, an under construction property, to construct or renovate your existing house etc. The banker provides the best interest rate that is available in the markets and their repayment options are flexible along with lesser processing fee. As a leader in the market trends for home loan, the bank also provides alluring Home loan offers concession for women recipients.
ICICI home loans
You can get home loan in a fast and easy way from ICICI Bank. The loan repayment and the interest rates are light on your wallet. The bank also has an app which you can download from its site on either your tablet or Smartphone so that you can apply from the comforts at your home. With a repayment period of up to 30 years, possessing your dream home is merely a few clicks away!
Axis Bank home loan
The 3rd biggest private sector bank in India is the Axis Bank and it offers a minimum loan of 3 Lakhs. The maximum loan amount depends upon the income of the borrower. The Bank does not demand any kind of prepayment charge for floating interest but charges 2% of the outstanding principal amount to be prepaid on fixed interest rate. Processing of the loan is easy and you get the facility of transferring your existing home loan from another lender without any difficulty.
HDFC home loan
HDFC is the main supplier of finance for housing in India. The most important features of the bank home loans are simple documentation, doorstep help, and flexible repayment alternatives. Women applicants can benefit from reduced interest rates. The bank helps home loan balance transfer at zero fees. This way you can enjoy optimum benefits while switching your present loan.
PNB home loan
PNB (Punjab National Bank) offer loans to purchase, construct, or extend your present dwelling units. The bank provides doorstep services assuring simple and quick approval as well as disbursal of the loans. In case while constructing your dream house there is a rise in the cost of materials etc then you can increase the loan amount with the bank.