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Home Loans

Quickly prepare your Mortgage Loan and grow your business with bank loans or investments.

 
 
 
 

    Quick Apply For Loan

    Home Loans Processings

    All you need to know

    Home loan is provided by top banks, but it’s a very daunting task to take decision to opt loan from which bank. Before taking any home loan you need to collect information about home loans from different banks and analyse or compare the interest rates and return policies. Find the eligibility for taking a loan both from private and government banks. Based on that carry on the analyses which bank is providing you the good offer with flexibility in repayment and affordable such as floating rates. Question yourself all possible options for payments like prepay options or balance transfer. For all this questions you no need to worry as we are here to assist you to answer the question you confront while planning to take loan until you get loan. A perfect way of taking loan is which gives you lowest rates throughout the tenure, repayment options and also permits you to balance transfer if you wish to. .

    When to apply for loan?

    Home loan is a long term investment plan, generally it may takes more than 20 years to complete. Usually customers preferred loan on floating rate of interest rates. In banks interest rates keep on changing and for more than 20 years that is impossible to decide. So be careful while deciding the interest rates concentrate on long term plan rates so that it will be easy for you in future too.

    When you have enough income means your income must be above your monthly expenses budget etc. When you willing to buy the property and you can’t miss the chance to purchase of it or in case if you the property price will raise in future.

    From government there is a scheme introduced by Prime Minister called PMAY SCHEME 2017. Under this scheme candidates who has year income up to 12 lakhs per annum can take loans up to 9 lakhs on an interest subsidy of 4 percent on housing loans. And for those earning is 19 lakhs per annum can take loan up to 12lakh on a subsidy of 3 percent on housing loans.

    All major banks provide home loans either private or public banks.

    Check for Home Loan Eligibility:

    Bank provide home loans based on your monthly income and the value of your property. You’re eligible to take home loan of 50-60% of your income. Other factor is value of that property.

    Borrowers must be between 18-70 years with a net monthly income of above Rs 25,000/- and can opt for a tenure of up to 30 years.

    The applicant must have an employment history of at least three years and have a CIBIL score of above 650, with a Loan to Value – LVT ratio of between 75 to 90%.

    Documents required for Home Loan

    Usually, the documents required for home loan are same for any banks. But sometimes it vary depending on the specific requirements of the bank. Here is the list of documents needed by financial institutions to process the loan application:

    • Address Proof
    • Income
    • Age Proof
    • Last 6 months bank A/C statement
    • Passport size photograph of the applicant & co-applicant
    • Income Proof of the applicant & co-applicant
    • Salaried Self-employed Employment certificate from the employer Copy of audited financial statements for the last 2 years Payslips copies of few months and TDS certificate Copy of partnership deed if it is a partnership firm or copy of memorandum of association and articles of association if it is a company Latest Form 16 issued by employer Bank statements Profit and loss account for the last few years Income tax assessment order

    How is my Home loan Eligibility Calculated

    Home loan are calculated by the complete information about the borrower like- age, income, salary, assets, liabilities, stability and continuity of occupation and savings history. Also Home loan eligibility is analysed based on your repayment capacity and the value of the property.

    • Qualifications
    • Income
    • Spouse’s income
    • Age
    • Stability and continuity of occupation
    • No. of dependants
    • Savings history
    • Assets/Liabilities

    Benefits of Home Loans:

    • Deduction on interest
    • Deduction on principal repayment
    • Deduction on stamp duty and registration charges
    • Deduction on pre-construction interest
    • Deduction under Section 80EE
    Note: In Hyderabad, the lowest interest rate for Home Loans is 6.90% and goes up to 11% varying from bank to bank. It usually takes a period of about a fortnight to a month to obtain a home loan. But if you have no specific property in mind, it might take even longer.

    Our Loan Partners

    HDFC Bank
    Axis Bank
    ICICI Bank
    SBI Bank
    Tata Capital Bank
    kotak Bank
    Standard Chartered Bank
    Bajaj Finserv Bank
    YES Bank
    Indusind Bank
    LIC
    IDFC First Bank
    Punjab National Bank
    Fullerton India Bank
    Bank Of Baroda Bank
    TVS Capital Bank
    HDFC Home Loans Bank
    Aditya Birla Finane
    bandhan bank limited
    catholic syrian bank limited
    city union bank
    DCB bank
    dhanlaxmi bank limited
    jammu kashmir bank limited
    karnataka bank
    karur vysya bank limited
    lakshmi vilas bank limited
    nainital bank limited
    rbl-bank-limited
    south indian bank limited
    tamilnad mercantile bank limited
    the federal bank limited

    COMPARE INTEREST RATES

    Business Loan Personal Loan Mortagage Loan Home Loans
    BankInterest RatesProcessing FeesTenureFore ClosureProcess Time
    HDFC Bank16% onwardsUpto 2.50% of loan amount (Min. Rs. 2,359 – Max. Rs. 88,500)12 months – 48 monthsNo pre-payment permitted until repayment of 6 EMIs2 DAYS
    ICICI Bank18% p.a. onwardsUp to 2% (plus applicable taxes) of the loan amount7 yearsTo be charged as per the termed and conditions mentioned in the sanction letter2 DAYS
    Axis Bank15% onwardsUp to 1.75% of loan amount + applicable taxes Nil3 DAYS
    Indus Ind Bank12% to 23%0.5%- 2%5 Years4% post 12 EMI clearance3-4 working Days
    Standard Chartered17.25% p.a. onwards2% of the amount disbursed60 months5% of outstanding Principal2 DAYS
    Yes Bank13.25% to 19.99% (Fixed Rate)Up to 2.50% of the loan amount, min. of Rs. 99912 months to 60 monthsNil, Until 6 months2DAYS
    Kotak Mahindra Bank15% onwards2% of the loan amount + GSTUp to 48 monthsNot available for business loans3 DAYS
    IDFC First20% onwardsUp to 3.5% of the loan amountMin. 12 months – Max. 5 years5% of Principal loan outstanding, at the time of loan closure for Simple Business Loan4 DAYS
    Citibank8% onwardsUp to 2% of the sanctioned loan amount5 YEARSUp to 2% of the outstanding amount 
    SBI11.20%From 2% to 3%From 12 months to 48 monthsAllowed after 6 EMI's, 3%3 DAYS
    Tata Capital18% onwardsUp to 3.5% of the loan amountMin. 12 months & Max. 36 months4.5% of the principal outstanding on the ongoing business loan3 DAYS
    Fullerton India17% onwards6.5% of the loan amountFrom 12 months to 60 months0 to 6 EMIs fully paid- Not allowed
    7 to 17 EMIs fully paid – 7%
    18 to 23 EMIs fully paid – 5%
    24 to 35 EMIs fully paid – 3%
    36 or more EMIs fully paid – 0%
    3 DAYS
    Bajaj Finserv18.00%Upto 2% of loan amountFrom 12 months to 48 monthsAllowed after 1 EMI's, 4%4 DAYS
    Bank NameInterest RateProcessing FeesTenurePartial PaymentFore ClosureProcess Time
    HDFC Bank10.25% – 13.45%Rs.999/- on entire Loan amount to 1.5%12 to 72 monthsNo PartPayment charge, only for 10 Lakhs aboveNil charges for above 10 lakh, Otherwise 4.00%24 Hrs
    ICICI Bank10.5% – 17.50%0.99% – 2.25%12 to 72 monthsNo PartPayment charge, only for 10 Lakhs aboveZero above 10 lakh & 12 EMI Paid, Otherwise 5.00%48 Hrs
    Axis Bank10.25% – 21.00%0.5% – 2%12 to 60 monthsOption available from 1st month with 4% chargesN.A for above 10 Lakhs60 Hrs
    Indus Ind Bank12.99% – 20.00%2%12 to 60 monthsNo option 60 Hrs
    Standard Chartered13.00% – 21.00%2.00% for salaried, 2.50% for self employed12 to 60 monthsNo optionUp to 5.00%3-4 Working Days
    Yes Bank10.25% – 16.99%Upto 2%12 to 72 monthsNo optionNil Above 7.5Lacs48 Hrs
    Kotak Mahindra Bank10.50% – 16.99%Rs.999 – 2%12 to 60 monthsNo optionZero above 10 lakhs loan amount, Else 5.00%60 Hrs
    IDFC First10.99% – 21.00%Upto Rs.999913 to 60 monthsNo optionupto 5%60 Hrs
    Citibank11.49% – 16.50% 14 to 60 monthsNo optionUp to 3%72 Hrs
    SBI Personal Loan11.95% – 16.55%2.00% – 3.00%15 to 60 monthsNo optionNIL72 Hrs
    Tata Capital11.99% – 17.00%1.25% – 2.50%16 to 60 monthsNo optionNIL Foreclosure charges after 12 EMI72 Hrs
    Fullerton India11.99% – 26.00%2.00%17 to 60 monthsNo optionUpto 7.00%, 0% after 3 years48 Hrs
    Bajaj Finserv11.99% – 16.00%Upto 2.00%18 to 60 monthsNo optionUpto 4% post 1st EMI clearance48 Hrs
    BankInterest RatesProcessing FeesTenureFore ClosureProcess Time
    HDFC Bank8.25% onwardsUp to 1.50% of the loan amount or Rs. 4,500 whichever is higher, plus applicable taxes.Up to 15 yearsNA10 day
    ICICI Bank9% onwards (floating)1% of the loan amountUp to 15 years4% on the principal outstanding*10 days
    Axis Bank10.50% onwards (floating rate)1% of loan amount or Rs. 10,000 (whichever is higher)Upto 20 yearsNon-individuals – 3%, if the amount pre-paid exceeds 25% of the principal outstanding during a calendar quarter, else no prepayment penalty10 days
    Indus Ind Bank10.75% to 14%up to 3%15 yearsNA10 days
    Standard CharteredStarting from 7.99% p.a.up to 3%25 years.NA10 DAYS
    Yes Bank9.35% to 10.50% p.a.2% of the loan amount plus GST or Rs.10,000, whichever is higher25 years.NA10 DAYS
    Kotak Mahindra Bank6.65% onwards0.25%- 0.5% of loan amount and Statutory Dues + GSTUp to 20 yearsFor part prepayment made over 25% of the outstanding loan amt. – 4% of the excess prepayment amt. shall be charged10 DAYS
    IDFC First8.15%Up to 1% of the loan amountUp to 15 yearsPrepayment of more than 25%: 2%+ taxes and surcharge10 DAYS
    Citibankstarting from 8.70%*p.aUp to 0.75% of the sanctioned loan amountUp to 15 years4% for first 3 years and 2% thereafter10 DAYS
    SBI8.45% p.a. onwards1% of loan amount + GST (max. Rs. 50,000)5 – 15 yearsNil10 DAYS
    Tata Capital10.10% onwards1% of the loan amount + GST1 – 15 years4% of the outstanding principal10 DAYS
    Fullerton India7.99% onwardsUp to 3% of the loan amountUp to 30 yearsNo prepayment charges for partial/full prepayment10 DAYS
    Bajaj Finserv6.75% onwardsFor salaried individuals: Up to 0.80%
    For self-employed individuals: Up to 1.20%
    Up to 20 yearsNo foreclosure charges for floating rate loans availed by individuals10 DAYS
    BankInterest RatesProcessing FeesTenureFore ClosureProcess Time
    HDFC Bank6.75% p.a. onwards*0.5% – 1.5%Upto 30 Years0% – 2%4 days
    ICICI Bank6.90% – 7.60%0% – 0.50% (plus Applicable Taxes)Upto 30 yearsZero prepayment charges on floating rate loans7 days
    Axis Bank6.90%Up to 1% or min. Rs. 10,000/-30 Years0 – 2%7 days
    Indus Ind Bank6.70% onwardsUp to 0.5% of loan amount + GSTUp to 30 yearsNo prepayment charges for floating rates10 days
    Standard Chartered7.99% onwardsUp to 1% of the sanctioned amountUp to 25 years 2.5% of the principal outstanding7 days
    Yes Bank8.95% onwards2% or Rs. 10,000 (whichever is higher) + GSTUp to 35 yearsNil for floating rate loans, 2.5% on the principal outstanding for fixed-rate loans10 days
    Kotak Mahindra Bank6.65% – 7.10%Up to 0.50% of the approved amount + GST1 – 20 YearsZero charges on prepayment/foreclosure10 days
    IDFC First7.00% onwardsUp to Rs. 10,000 (additional premium is charged based on risk profile)30 yearsNA8 days
    Citibank6.75% p.a. – 7.44% p.a.Up to Rs. 5,000/-25 Years0 – 2%10 days
    SBI6.90% – 9.70%0.35% – 1% of loan amount1 – 30 YearsNil5 days
    Tata Capital8.50% p.a2.00%One time feeUp to 30 YearsNIL for own-source payments ,2% for non-individuals and balance transfer on fixed-rate7 days
    Fullerton India9.99% – 21.00%Upto 3% of the loan amount30 YearsNIL for individuals on floating rate loan. For non-individual borrowers, a charge of 5%-7% of the prepayment amount. However, there are charges in case of fixed rate of loan.15 days
    Bajaj Finserv6.75% onwardsUp to 1% of the loan amount + GST and other applicable statutory leviesUp to 20 yearsPre-payment and foreclosure allowed without any penalty.15 days
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