The home loan market has been volatile over the past couple of years, with high rates posing a challenge for millions of homeowners. Whether you’re taking out a new loan or are refinancing your home loan at the end of a fixed term, it’s important to know your new lender will offer great customer service and support should you need it.
We’re here to help. OneNDF home loan experts regularly analyse home loan providers to assess which ones consistently offer attractive deals and lower rates of interest.
Finding the Right Home Loan Deal
It’s worth taking the time to do some research on the different types of lenders and loans available, and consider taking advice from a mortgage advisor like OneNDF if you’re unsure. OneNDF will also take you through the application process from start to finish.
Do a detailed research of the full cost of the deal, taking into account up-front fees, early repayment charges and any incentives such as cashback. Speak to the lender directly or contact a mortgage advisor like OneNDF for help.
Top Home Loan Providers in India 2024:
1. SBI Home Loan
- Interest rate: 8.50% p.a. onwards ·
- Processing fee: 0.35% of the loan amount (minimum Rs 2,000; maximum Rs10,000) ·
2. HDFC Home Loan
- Interest rate: 8.75% p.a. onwards
- Processing fee: 0.50% of the loan amount (minimum Rs 3,000) plus applicable taxes.
3. Axis Bank Home Loan
- Interest rate: 8.65 p.a. onwards
- Processing fee: 1% of the loan amount (minimum of Rs 10,000). There is also an upfront processing fee of Rs 10,000 plus GST
4. ICICI Bank Home Loan
- Interest rate: 8.75 p.a. onwards
- Processing fee: Up to 1.00% of the loan amount plus GST
5. Bank of Baroda Home Loan
- Interest rate: 8.40% onwards Women borrowers get a concession of 0.05% while Gen Z and Millennials (under 40 years of age) get 10%
- Processing fee: Up to Rs 50 lakh 0.50% of the loan amount: Minimum: Rs 8,500 (Upfront) Maximum: Rs 15,000
6. Punjab National Bank Home Loan
- Interest rate: 8.40% onwards
- Processing fee: 0.35% of the loan amount (minimum Rs 2,500; maximum Rs 15,000)
7. LIC Housing Finance Home Loan
- Interest rate: 8.50% onwards
- Processing fee: Rs 20,000 plus GST for loans above Rs 1 cr and upto Rs 2 crore
8. Aditya Birla Home Loan
- Interest rate: 8.60% onwards
- Processing fee: Up to 1.0% of the loan amount + GST
9. Citibank Home Loan
- Interest rate: 8% onwards
- Processing fee: Up to 0.40% of the loan amount + GST.
10. Bandhan Bank Home Loan
- Interest rate: 9.16% onwards
- Processing fee: 0.25% to 1.00% of the loan amount + applicable GST
Also Read OneNDF Home Loan Articles:
Key takeaways
Whether you’re a first-time buyer or already a homeowner, choosing the right home loan for you is important. It could save you money as well as ensuring your home loan fits your life plans. However, with hundreds of home loans to choose from and an array of lenders, knowing which one is right for you is critical. We’re here to lend a hand throughout the process, and to help you save money.
