Home Loans in India
Compare home loan interest rates, processing fees, and features from India's leading banks. Find the perfect home loan that suits your needs and budget.
State Bank of India
Trusted government bank with competitive rates and extensive branch network.
HDFC Bank
Fast processing and excellent customer service with digital-first approach.
ICICI Bank
Technology-driven solutions with flexible repayment options.
Axis Bank
Modern banking with instant approval and high LTV ratios.
Punjab National Bank
Special benefits for government employees and women borrowers.
Canara Bank
Lowest starting rates with zero processing fees for smaller loans.
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How to Choose the Best Home Loan
Key Factors to Consider
- Interest Rate: Compare both fixed and floating rates
- Processing Fee: Look for banks with lower or zero fees
- Loan Amount: Ensure the bank offers sufficient loan amount
- Tenure: Longer tenure means lower EMI but higher total interest
Additional Considerations
- Customer Service: Check bank's reputation and support
- Prepayment Terms: Understand penalties and conditions
- Digital Features: Online account management and services
- Branch Network: Accessibility for offline services
Frequently Asked Questions
What is the current lowest home loan interest rate in India?
Currently, Canara Bank offers the lowest starting rate at 7.40% per annum. However, the actual rate depends on your credit profile, loan amount, and other factors.
Which bank offers the highest home loan amount?
Canara Bank offers home loans up to ₹25 crores, which is the highest among major banks. SBI, HDFC, and PNB offer up to ₹10 crores.
What documents are required for a home loan application?
Common documents include identity proof, address proof, income proof (salary slips/ITR), bank statements, and property documents. Specific requirements may vary by bank.
How is home loan eligibility calculated?
Eligibility is based on your income, age, credit score, existing obligations, and the property value. Most banks use a debt-to-income ratio of 40-50% to determine eligibility.
Ready to Apply for a Home Loan?
Compare rates, check eligibility, and apply online with India's leading banks