How To Apply For Home Loan in LIC, HDFC, SBI Bank | Housing Loan

How To Apply For Home Loan In Bank, HDFC, SBI, LIC | Housing Loan

How To Apply For Home Loan In Bank, HDFC, SBI, LIC | Housing Loan:Do you also want to take your own house but are unable to take it due to less money, now we will give you a solution to your problem through this article because in this article we will tell you that you can easily buy your house from the bank. Or how to get a home loan at a very good interest rate to get a new one, 

article till the end.

 Before taking a home loan, it is necessary to know what is a home loan and whether you are in a position to take a home loan, and if any bank gives you Even if she gives a home loan, how much interest is she charging from you and how much home loan you can get at one go, we will give detailed information on all these topics one by one, so keep reading this article till the end,

What is a home loan 

Simply, home loans are those people which are given to you especially to fulfill the dream of your own home i.e. home loan. The loan is the loan given to you by banks or any institution to build or buy your own house, although you can also consider the loan taken to build your house.

How to apply for a home loan

Banks and financial institutions have made the process of taking a home loan very simple and easy, you can easily reply for a home loan both online and offline and if you want, you can go to the bank yourself.

this you have to follow certain conditions set by the bank and as soon as you are eligible for the loan, you can easily take a home loan.

Eligibility for a home loan? Benefits of Home Loan

  • If you want to have your own house but you do not have enough money to buy it, then a home loan can be a great deal for you because with a home loan you can easily buy a house for yourself.
  • There are many banks and financial institutions in India which provide you with easy home loans at very low interest
  • before giving a home loan, banks and institutions check your cibil score, so always keep your cibil score better 
  • if you If your Cibil score is more than 750 then you are eligible for
  • Women are given a special discount on home loan interest rates.
  • If your income is stable and all your documents are complete then you can easily take

The Documents required for Home Loan

The following Documents are necessary or required for a home loan.

Documents (Hindi) Documents (English)
card Aadhar card
Pan card pan card
KYC document KYC document
Proof of residence (Aadhaar card, Passport, Voter ID Card, Driving License, PAN Card Proof of Residence (Aadhar Card, Passport, Voter ID Card, Driving License, PAN Card
) Proof of Identity (Aadhar Card, Passport, Voter ID Card, Driving License, PAN Card)
Mobile Number Mobile Number
Photo Photo
Income Proof of Income
Email ID Email ID

Best bank for a home loan | comparison of Home loan 

Here is the list of banks that provide home loans.

Name of the Bank Initial Rate of Interest (per annum) Loan Amount Processing Fee
City Union Bank Home loan 10.25% Maximum up to Rs.1 Crore 1% of loan amount Minimum Rs.250
Deutsche Bank Home Loan 6.60% Maximum up to Rs. 25 Crore Up to 1% of the loan amount
Indian Bank Home Loan 6.50% depending on the repayment capacity of the applicant to 1% of the loan amount
HDFC Home Loan 6.70% based on the applicant’s CIBIL score, income or ₹ 3,000 whichever is higher
Union Bank of India home loan  6.60% – You can get as much loan amount as you want.lakh + GST, maximum Rs.15,000
IIFL Home Loan 8.70% Rs.30 up to 1.75% of loan amount
LIC Home Loan 6.66%  minimum Rs.1 lakh 0.50 of loan amount % Minimum ₹5000 + GST ​​& Maximum ₹15000 + GST
RBL Bank Home Loan 9.50%  Up to 10 Crore Up to 1.50% of loan amount
Kotak Mahindra Bank Home Loan 6.60% Depends on your profile Salaried: 0.5% of loan amountSelf-employed , HL Top-up/Commercial Purchase: 1.0% of the loan amount
Shriram Finance Home Loan 8.9%  from Rs 1 lakh to Rs 10 croreup to 90% of the maximum property cost 0.50% of the loan amount or Rs 5,000
UCO Bank Home Loan  6.90% Construction/ For Purchase/Acquisition /Extension – No Upper Limit For
Repairs/Renovation – Rs.15 lakhs
0.5% of the loan amount,Minimum – Rs.1500, Maximum – Rs.15,000
Reliance Home Loan 9.75% up to 80% of the value of the property loan amountUp to 0.5%-1.5% of
GIC Home loan  7.24% Up to 90% of property value Rs 3000 + GST
​​Indiabulls Home loan  7.60%  Dependent on applicant’s profile 1% of loan amount
DHFL Home Loan 1 0.50%  Up to 90% of the purchase price 0.5% to 1% of the loan amount (Minimum Rs 2500)
SBI Home Loan 6.65%  Rs 100 Crore  
IndusInd Bank Home loan 8% Depends on the applicant’s profile 0.50% of the loan amount
Sundaram Finance Home loan 6.95% Depends on the applicant’s profile
Yes Bank Home Loan 6.70%  from 10 lakhs to 10 crores up to 2% of the loan amount
Aavas Finance Home Loan 12%  starting from Rs 1 lakh of the loan amount
Standard Chartered Bank Home loan 6.99% Up to Rs.35 Crore 1% of the loan amount
Bajaj Finance Home Loan 6.75% Up to Rs.5 Crore  
Federal Bank Home Loan 7.65% Up to Rs.15 Crore 0.50% of loan amount, minimum Rs.10,000 and maximum Rs.45,000
Aditya Birla Home Loan 9% Depends on factors like your CIBIL score, income up
IDFC Home loan 6.70% up to Rs 10 crore to 3% of loan amount
Saraswat Bank Home Loan 7.25% up to Rs 70 lakh up to Rs 30 lakh Upto Nil
Karur Vysya Bank Home Loan 7.15%     
India Shelter Home Loan 13% to 20% 1 lakh to Rs.50 lakh 2% to 3% of loan amount from Rs.8
IOB Home loan  7.05% Up to 90% of the property value Up to 0.50% of the loan amount (Max. 25000)
ICICI Bank Home Loan 6.70%   Up to 1.00%
Bank of Maharashtra Home Loan  6.40% Depends on the applicant’s profile Up to 0.50% of the loan amount
PNB Home Loan 6.75% Individualscheme 0.35% of loan amount + GST
​​HSBC Home Loan  6.45% from Rs 3 lakh to Rs 30 crore 1% of loan amount
Punjab and Sind Bank Home Loan 6.50% depending on applicant’s profile up to 0.25% of loan amount
Bandhan Bank Home Loan 6.40% depending on the applicant’s profile scheme
Citibank Home Loan  6.65 % maximum Rs 10 crore  
Canara Bank Home Loan 6.90%  depending on the applicant’s profile 0.50% of the loan amount(Min. – Rs. 1500, maximum- Rs. 10,000)
Bank of India Home Loan 6.95% to Rs.500 Lakh 0.25% Minimum ₹ 1,500 Maximum ₹ 20,000
Tata Capital Home Loan 6.85% 
5 Lakh to ₹ 5 Crore
 
Axis Bank Home Loan  6.66%  up to ₹ 3 Lakh to 5 CroreRs Starting from
Pradhan Mantri Awas Yojana [Home Loan]      
Central Bank of India Home Loan 6.85% Up to 90% of the property value 0.50% of the loan amount + GST,Min – 2 Rs 500, Maximum – Rs 20, 000
IDBI Home Loan 6.75% Rs 10 crore  0.50% of loan amount, Minimum Rs 2,500
Bank of Baroda Home Loan 6.50% Depends on your income  

In How many days do you get a home loan?

Now the home loan process has become much faster and it takes around 1 to 2.

Conclusion

Thanks to read this article till the end.

I hope this article can value your time and gives you proper details on the topic of Home Loan.

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