Finding the perfect house is essential, but so is finding the best home loan. The home loan that you select will be your commitment for a long time, so it is ideal to choose the best one. Some of the best home loan options are:
SBI (State Bank of India)
The government-run State Bank of India (SBI) is the largest mortgage lender in India that has assisted over 30,00,000 families in buying homes to date.
SBI home loan interest rate
*Rate applicability from 1st May 2021
Affordability scale: High
Longest tenure: 30 years
ICICI Bank
India 2nd largest private lender by market capitalization, ICICI Bank, currently has a network of 5,288 branches across India and offers home loans at very low interest rates
ICICI Bank home loan interest rate
*Rate applicability from 5th March 2021
Affordability scale: High
Processing fees: 0.50% of the home loan amount
Maximum tenure: 30 years
NoBroker
Apart from these banks, another great option is to apply for a home loan through NoBroker. They offer very low interest rates starting from 6.7%. What I like the most about NoBroker’s home loan process is that it is quick and easy with minimal documents needed. Plus, there are no hidden charges and you can get maximum funding of up to 100%.
Get a Loan to Buy Your Dream Home via NoBroker, check out your loan amount through this,
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| Rate of interest on home loans | Best rate* | Highest rate* |
| For self-employed individuals | 7% | 7.40% |
| For salaried individuals | 6.7% | 7.05% |
| Rate of interest on home loans | Best rate* | Highest rate* |
| For self-employed individuals | 6.95% | 8.05% |
| For salaried individuals | 6.75% | 7.95% |
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2021-08-16T20:42:20+00:00 2021-08-18T17:59:13+00:00Comment
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