Best Banks Which Offers Home Loans in India
| S.No | Bank Name | Market Percentage |
|---|---|---|
| 1 | SBI Home Loan | 34.00% |
| 2 | HDFC Ltd | 24.13% |
| 3 | LIC Housing | 05.83% |
| 4 | ICICI Bank | 13.10% |
Additionally, what is the EMI for 20 lakhs home loan?
EMIs on a 20 lakh home loan for 30 years
| Loan Amount | Interest rate | EMI |
|---|---|---|
| Rs.20 lakh | 6.75%* | Rs.17,551 |
| Interest Rates | 7.15% – 7.50% |
|---|---|
| Max. Loan Amount | upto 10 crore |
| Processing Fees | N.A |
| Prepayment Charges | Nil |
| Min. Income | Rs.10000/-p.m |
One may also ask, how can I get home loan from Indian Bank?
Documents Required to Apply for Indian Bank Home Loans
- Completed loan application.
- 3 Passport size photographs.
- Proof of identify (photo copies of Voters ID card/ Passport/ Driving licence/ IT PAN card)
- Proof of residence (photo copies of recent Telephone Bills/ Electricity Bill)
Which type of loan is cheapest?
To know
| Car Loan Lender | Interest Rate (in per annum) |
|---|---|
| ICICI Bank | 9.30% – 12.85% |
| HDFC Bank | 7.70% – 13.55% |
| Bank of India | 7.35% – 7.95% |
| IDBI Bank | 8.10% – 8.70% |
What is the EMI for 30 lakhs home loan?
Current EMI for ? 25 Lakh loan is ? 16,049 and EMI for ? 30 Lakh loan is ? 19,259 for a 30 Years year loan at the minimum interest rate.
How much loan I can get if my salary is 25000?
Most lenders determine the maximum loan amount up to 10 times of your monthly salary. If you earn Rs. 25,000 per month, you may become eligible for up to Rs. 2.5 Lakhs.
How much loan can I get if my salary is 15000?
HDB Financial Services offers personal loans of up to Rs. 20 lakh to individuals who earn a minimum income of Rs. 15,000.
What is the minimum salary to get home loan?
?10,000
Is Indian bank good for home loan?
Indian Bank offers competitive Home Loan rates with the best EMI of ? 809 per lakh availed at a low-interest rate of 7.55% for a maximum tenure of 20 years. If you are paying an EMI more than ? 809 per lakh, you should consider the option for a loan transfer to Indian Bank from your existing bank.
Which Indian Bank has lowest interest rate?
Currently, the lowest home loan interest rate being offered is 6.65% p.a. by Kotak Mahindra Bank, followed by other top lenders such as ICICI Bank, Bank of Baroda, State Bank of India, Union Bank of India, Punjab National Bank and HDFC Ltd.
Which bank gives 90% home loan?
Bank of Baroda
| Banks | Loan to Property Value | Processing Fee |
|---|---|---|
| Bank of India | 75% – 85% | Nil |
| Bank of Baroda | 75% – 90% | Upto 0.5 % of loan amount + GST |
| LIC Housing | NIL upto 50 Lakh, 50% waiver on loan above 50 lakh to 5 Cr | |
| AXIS Bank | 75% – 85% | Up to 1% of the Loan amount subject to minimum of Rs.10,000/- |
Which is best bank for home loan?
Best banks to get your home loan in 2021
- State Bank of India (SBI)
- SBI home loan interest rate.
- HDFC.
- HDFC home loan interest rate.
- ICICI Bank.
- ICICI Bank home loan interest rate.
- Bank of Baroda.
- Bank of Baroda home loan interest rate.
What is the EMI for 25 lakhs home loan?
EMI on a 25 lakh home loan for 20 years, 15 years and 10 years
| Loan Amount | EMI when Tenor is 10 Years | EMI when Tenor is 20 Years |
|---|---|---|
| Rs.25,00,000 | Rs.33,038 | Rs.24,126 |
What are the documents required for home loan in Indian bank?
*ACCOUNT NUMBER & CIF NUMBER – IF APPLICANTS/GUARANTORS ARE EXISTING CUSTOMERS OF OUR BANK. i) PAN Card Copy ii) Proof of Address (Telephone Bill / Voter ID / Driving license etc. *) iii) Proof of Identity (with photo evidence) (Passport, Voter’s Identity card, PAN card, Driving Licence, Govt. / Defence ID card etc.