all bank home loan interest rates

Check All Bank Home Loan Interest Rate 2017 Here

Finance

With the benefits of CLSS under PMAY-Housing For All by 2022 scheme and low-interest rates, buying a home has become so much easier. Home loans as you know is the cheapest loan and now that there are additional advantages like the interest subsidy under CLSS scheme, the total repayment amount has decreased drastically.

Some of the top banks like SBI, HDFC, Axis Bank, ICICI Bank and also housing finance companies like LIC HFL are offering home loans at interest rates as low as 8.35% per annum.

The eligibility to get this loan is flexible along with the advantage of choosing the tenure that can help you get the EMI as per your affordability. If you want to avail the benefits of affordable home loans, check below the housing loan interest rates at top banks and also the eligibility to apply for the same.

Home Loan Interest Rates in Top 10 Banks

  1. State Bank of India- 8.35% p.a. onwards
  2. ICICI Bank- 8.35% p.a. onwards
  3. Axis Bank- 8.35% p.a. onwards
  4. HDFC Ltd- 8.35% p.a. onwards
  5. Bank of Baroda- 8.30% p.a.
  6. Indiabulls Housing Finance- 8.35 p.a. onwards
  7. LIC HFL- 8.35% p.a. onwards
  8. PNB HFL- 8.50% p.a. onwards
  9. Citibank – 8.60% p.a. onwards
  10. Kotak Bank- 8.35% p.a. onwards

SBI Home Loan

SBI is the largest lender in India that provides home loans at one of the lowest interest rates. Below are the schemes facilitated by State Bank of India (SBI) under home loans.

SBI Home Loan Schemes

  • SBI Hamara Ghar
  • Flexipay Home Loan
  • Maxgain Home Loan
  • NRI Home Loans
  • SBI Realty
  • SBI Pal
  • SBI Tribal-Plus
  • Privilege Home Loan
  • Shaurya Home Loan
  • Bridge Home Loan

SBI Home Loan Eligibility-

Just like for any other loan, there is an eligibility criterion for SBI home loans as well. So have a look at the eligibility here:

For Salaried:

  • Your age must be between 18-70 years
  • Your net annual income should be at least ₹1,80,000
  • You can get loan amount up to ₹5 lakhs to ₹1 crore
  • The minimum work experience required is 2 years

For Self-employed:

  • Your age must be between 21-70 years
  • Your net annual income should be at least ₹1,80,000
  • You can get loan amount up to ₹5 lakhs to ₹2 crores
  • The minimum work experience required is 3 years

ICICI Home Loan

ICICI Bank is one of the leading private sector banks when it comes to home loans. So, have a look at the home loan eligibility criteria at ICICI Bank that you must match to get the home loan:

  • Salaried and Self-employed individuals with the regular source of income
  • The applicant must be between the age of 21-65 years
  • The minimum age of the applicant should be 18 years

Axis Bank Home Loan

Axis bank facilitates home loans under the following schemes:

  • Axis Bank Home Loan 12 EMI off
  • Axis Bank Home Loan
  • Asha Home Loans
  • Empower Home Loan
  • Happy Ending Home Loan

Features of Axis Bank Home Loan

  • Interest rate starting from 8.35% p.a.
  • Minimum loan amount is ₹3 lakhs
  • Maximum loan amount depends on the combined income of the applicant/s
  • No prepayment charges on floating rate loan
  • Processing fee of 2% of the principal outstanding on fixed rate loan
  • Balance transfer facility available at low rates
  • Earn eDGE Loyalty Reward Points
  • Processing fee of up to 1% of the loan amount subject to a minimum of ₹10,000/-

Home Loan Eligibility at Axis Bank

For Salaried-

  • The applicant must be in permanent service in the Government or in reputed companies
  • Minimum age of the applicant should be 21 years
  • Maximum age of the applicant should be 60 years

For Self-employed-

  • Those who file ITR are eligible
  • The age of applicant should be between 21 years and 65 years

Professionals-

  • Doctors, engineers, dentists, architects, chartered accountant, cost accountant, company secretary, management consultants are eligible to apply
  • The age of the applicant should be between 21 years and 65 years

HDFC Home Loan-

The home loan eligibility at HDFC is as follows:

  • Individuals with the age between 21-60 years (up to 65 years for self-employed)
  • The minimum annual income of the applicant should be ₹1,80,000
  • Proposed owners of the property are only eligible as co-applicants

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