Home buying is considered as one of the most stressful and taxing experience in one’s life as it involves an individual’s commitment for a really long time. However, it’s also considered one of the most accomplishing achievement in one’s life as it provides a state of satisfaction emotionally and makes an individual’s stature higher in the society.
If you are in the phase of searching a home, here’s a ready reckoner of home loan rates you could refer to that we have enlisted to help you get past this stressful phase of choosing and arranging the best home loan in the market to get you closer to that dream of owning your home.
State Bank of India has the largest presence in India with penetration to Tier 1, Tier 2 and the rural cities of the country. If you are a woman who wants to apply for a Home Loan, then SBI is a good option you could consider because of the lower interest rate the bank is offering to the women.
Life Insurance Corporation Housing Finance Ltd. is one of the early players in the Indian market. The company provides long term finance to Construction of a home and home purchase related activities.
ICICI bank is known for the wide range of products it offers in a particular segment. Even in the Home Loan segment, ICICI bank offers varied choices and schemes to loan seekers. If you are a person who wishes to explore more schemes, then ICICI bank would be a more suitable option for you.
HDFC is increasing its market size by the day. With its varied advantages like Home Loan approval prior to property selection, interest subsidy, add on loans on a single property and the like, HDFC is attracting most of the home loan seekers to its bucket.
Union Bank of India is largely owned by the Government of India. UBI has won many awards for best payment initiatives it has implemented. When it comes to Home Loans, UBI, like many other banks offers both Floating as well as Fixed interest plans. However, majority of the population prefer floating interest over fixed interest plan.
Axis bank is expanding its penetration through effective banking services. Axis bank is known for the doorstep service and services like longer tenure with smaller EMIs.
Punjab National Bank is one of the largest Nationalised Banks. PNB also offers loans in both fixed and floating interest methods. PNB offers loan for construction, repairs, and for land purchase.
Today, Canara Bank takes a special position in the minds of people for its credibility and CSR activities. Canara Bank Housing Loan is believed to be one of the best for taking over co-operative banks, Housing Boards and the like at their prevailing lower rate of interest.
With the varied choices available in the market today and banks trying to woo consumers into providing the best home loan rates, the dream of owning your own home doesn’t seem distant anymore.Loading Comments...