The home loan interest in Kerala starts at 8.50% per annum, with various banks and NBFCs offering competitive terms to cater to diverse borrower needs.
Here’s a snapshot of some prominent lenders and their offerings:
L&T Housing Finance: Rates start from 8.65%, with processing fees up to 3% of the loan amount plus taxes.
HDFC Bank: Interest rates starting at 8.50%, and processing fees are up to 0.25%
Union Bank of India: Offers a rate of 8.60%, with a processing fee of 0.50%
PNB Housing Finance: Rates vary from 8.75%.
ICICI Bank: Interest rates start at 8.75%, with processing fees ranging from 0.50% to 2.00% of the loan amount.
GIC Housing Finance: Offers a rate of 8.80%, with a flat processing fee of Rs2,500 plus GST.
Applicants typically need to provide:
KYC Documents: Aadhaar Card, PAN Card, Voter ID, Passport, or Driving License.
Income Proof: Salary slips, bank statements, ITRs, Form 16, or business financials.
Property Documents: Sale deed, NOC from builder or housing society, approved construction plan, and advance payment receipts.
This is all about the home loan interest in Kerala. I hope this helps!
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Applying for home loans could be quite a hassle if you are not aware of the process, the documents needed, and the charges. When I was opting for a home loan in Kerala, I had no clue about where to start, and for that, I did some research. I came across quite a lot of information and also about the home loan interest rate in Kerala. The home loan interest is around 8.35% to 9.85%.
How Much is the Housing Loan Interest Rate in Kerala?
I compiled the below list after doing some thorough research about the interest rates. In the list, I have added the home loan rates, processing fees, and tenure of some of the best banks in Kerala.
Name of Lender |
Interest Rates |
State Bank of India |
8.50% to 9.85% |
HDFC Bank |
Starting from 8.75% p.a. |
Union Bank of India |
8.35% |
ICICI Bank |
8.75% p.a. |
Kotak Mahindra Bank |
8.75% |
And that is all that I know about the home loan interest rate Kerala. After learning about all of these, I decided to take the home loan from the State Bank of India. This was because they have low interest rates, and I am a bit biased towards them. Hope this helps.
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What is Home Loan Interest Rate in Kerala?
Arya
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2024-11-03T08:54:20+00:00 2024-11-03T08:54:21+00:00Comment
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