Hi, which bank is best for home loan in Kerala depends on interest rates, processing fees, customer service, loan tenure flexibility, and repayment options. However, among public sector banks, State Bank of India (SBI), stands out for its attractive floating interest rates starting around 7.50% along with minimal processing fees and easy online facilities.
SBI also provides perks like salary account-linked discounts, dedicated schemes for government employees, and flexibility in prepayment. Meanwhile, Bank of Baroda, Canara Bank, and Bank of India offer similar rate ranges with reliable branch support.
Among private banks, HDFC and Kotak Mahindra Bank are highly recommended due to their swift processing, strong digital platforms, and interest rates from 7.90% and 7.99% onwards. ICICI Bank also remains a solid choice with competitive pricing and broad service networks in Kerala.
NBFCs such as LIC Housing Finance, start from around 7.50% and 7.65%, offering flexible loan schemes especially beneficial for self‑employed borrowers.
Kerala Cooperative banks and NBFCs in Kerala may offer 9.95% rates but often lack robust digital infrastructure and loan-to-value transparency, a trade-off worth considering.
For most borrowers in Kerala, SBI and Union Bank of India emerge as top choices due to their low rates, minimal fees, and strong processing reliability. For faster approvals with excellent digital support, HDFC and Kotak are compelling.
Self-employed individuals can explore NBFCs and KSFE for added flexibility. Ultimately, compare interest rates, processing charges, prepayment terms, and digital conveniences before deciding.
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Which Bank is Best for Home Loan in Kerala?
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4 months
2025-07-22T20:26:06+00:00 2025-07-31T15:05:59+00:00Comment
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