Bank Loan Rate Processing Fee
ICICI BANK 8.10% 0.3%+ 18% GST+ 236 CIBIL+ Cersai
STATE BANK OF INDIA (SBI) 8.10% 50% waiver on basic processing fee [0.35% of loan amount (Rs 2,000-Rs 10,000)]
LIC HFL 8.50% 0.35% of loan amount subject to maximum of Rs 50,000/- + GST
HDFC 8.10% Up to 0.50% of loan amount or Rs 3,000, whichever is higher
Bank of Baroda 7.95% 0.50% of loan amount (Rs 8,500-Rs 15,000)
IDFC FIRST BANK 8.70% Up to 1% of the loan amount
Union Bank 7.90% 0.50% of loan amount (Up to Rs. 15,000) + GST
Kotak Bank 7.99% Up to 1% of the loan amount
Indian bank 7.90% Up to 1.00% of the loan amount
Yes Bank 8.95% 2% or Rs. 10,000 (whichever is higher) + GST
Sundaram Home Finance 7.85% 0.05% of loan amount + GST
DCB Bank 9.06% Up to 2% of the loan amount, subject to a minimum of Rs.5,000
Tata Capital 8.10% Up to 0.50%+GST
PNB Housing Finance 7.99% Up to 1% of loan amount + GST
Federal Bank 8.00% 0.50% (Rs 10,000- Rs 45,000)
Axis Bank 8.10% Up to 1% (Min. of Rs. 10,000) + GST
Bajaj Housing Finance 7.70% 0.3% onwards
L & T Housing Finance 7.70% 0.25% onwards* (Rs 5000 fixed as login fee)
Bandhan Bank 7.80% 0.25% – 1.00% + GST
Shriram Housing Finance Limited 8.90% Up to 0.50% of the loan amount or Rs. 5000 + GST
RBL 8.50% Up to 1.5% of the loan amount + GST
Piramal Housing Finance 10.50% Up to 1.5% of the loan amount + GST
Fullerton Home Loan 7.99% Up to 3% of the loan amount
Aditya Birla Housing Finance 8.00% Up to 1% of loan amount + GST
ICICI Home Finance Limited 9.50% Up to 2% of loan amount + GST
Standard Chartered 7.55% 0.5%-1% + GST
Indostar Home Finance: 8.50% Up to Rs.2,500 or 3% of the loan amount, whichever is higher
HDFC Limited 8.10% Minimum ₹ 3,540

Quick Guide on Home Loan:

Purpose:

A home loan can be used for purchasing a new house, construction of the house on a plot, home improvement, extension, and renovation of your existing house.

Key Features :

  1. Eligibility: Loan available for both salaried and self-employed borrowers between the age group of 21 and 75 years.
  2. Security: Mortgage of home you are planning to purchase, renovate, or construct.
  3. Loan Amount: In the range of Rs. 10 Lakh to Rs. 1000 Cr.
  4. Loan to Property Value Ratio: Varies from 75% to 100%.
  5. Loan Tenure: Can range from 5 to 30 years.
  6. rates: Home loan Interest Rates start from 7.99%. Special rates for women borrowers.
  7. Lowest EMI: Lowest EMI of Rs. 836 per lakh.
  8. Processing Fees: Up to 1% of the loan amount or a Maximum of Rs. 10,000.
  9. Prepayment Charges: Nil charges on floating rate home loans.
  10. Other Charges: Legal charges, technical charges, etc.
  11. Documents Required: Address Proof, Identity Proof, Income.

Sanction List of Documents:

Salaried:

  1. Application form completed with 2 photographs duly filled in and signed.
  2. ID Proof: PAN CARD.
  3. Residence Proof: Latest Telephone bill / Bank Statement containing the address for the last 6 months / Electricity bill / Ration card / Letter from Employer.
  4. Salary slips for the last 3 months.
  5. Latest Form 16.
  6. Copy of Appointment Letter with Latest CTC & Confirmation Letter.
  7. Original Bank Statement / Passbook of salary A/C for the last 6 months (updated).
  8. Last Qualification Proof.
  9. Previous Employment details if an applicant is on probation.
  10. Investment Proof.
  11. Processing Fees Cheque.
  12. Repayment Track Record if any.

 

Self Employed:

  1. Application form completed with 2 photographs duly filled in and signed.
  2.  ID Proof: PAN CARD.
  3. Residence Proof: Aadhaar Card/ Latest Telephone bill / Bank Statement containing the address for the last 6 months / Electricity bill / Ration card
  4. Last Three Year Income Tax Return with computation of Income and Profit Loss Account And Balance sheet With CA attestation.
  5. Current Account And Saving Account Bank Statement / Passbook for the last 6 months (updated).
  6. Last Qualification Proof.
  7. Business Vintage Proof ( Minimum 3 years Old)
  8. Investment Proof.
  9. Processing Fees Cheque.
  10. Repayment Track Record if any.