My wife is a bank manager so I am aware of how home loans work. I can help you with your query: which banks will quickly approve home loan. Usually, banks approve a loan within a week or two. However, I was wondering which bank gives fastest home loan, is it the one she works for or not. I asked her and she did not name one but three. The top banks that sanction a loan quickly in her opinion are:
Kotak Mahindra Bank
SBI Bank
HDFC Bank
Which is the Fastest Home Loan Approval Bank?
Kotak Mahindra Bank, in my opinion, is the fastest home loan processing bank. It has provisions to sanction a loan even within a day or 24 hours if their
eligibilityis met. Other banks that you can opt for to get your loan approved are:
| Bank Name | Interest Rate | Processing Fees |
SBI Home Loan |
8.05%-8.55% |
0.35% of the loan amount and a maximum of INR 10,000 +GST. |
HDFC Home Loan |
8.60% - 9.50% |
Up to 0.50% of the loan amount or INR 3,000, whichever is higher, plus applicable taxes. |
Axis Bank Home Loan |
7.60% - 8.05% |
Up to 1% of the Loan amount subject to a minimum of INR 10,000 Upfront processing fee of INR 2,500 + GST. |
|
ICICI Home Loan |
8.40% - 9.45% |
Up to 1.00% of the loan amount + GST. |
Bank of Baroda Home Loan |
7.45% - 8.80% |
Up to 0.50% of the loan amount or a maximum of INR 7,500 + GST. |
So these are some quick loan approving banks to avail loans from. You can visit any of these banks and ask about the eligibility criteria from the officials there.
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Which Banks will Quickly Approve Home Loan?
Pratiksha
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2023-12-01T09:25:53+00:00 2023-12-01T09:25:53+00:00Comment
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