Do you want your own happy home. Paisewaala that keep you flexible. As the home loan market is crowded, finding the best home loan offer can be challenging. At Paisewaala, we help you compare, select and apply for the best home loan rates from India’s top Banks and Housing Finance Companies (HFCs).
Home loan benefits vary across different lenders and loan schemes. Some of the common home loan features ones are listed below:
Lower Interest Rates: A home loan is a long-term commitment, thus, interest rates play an important role in deciding not only the loan amount, but also the tenure of repayment.
Annual Tax Benefits: The government offers several tax benefits on home loan. An individual can claim a total tax deduction of about Rs. 5 lakh on the principal and interest components of your housing loan (under section 80C, 24b and 80EEA).
Flexible Loan Tenure: Since the tenure is long, lenders provide their borrowers with the option to prepay or foreclose their outstanding amount whenever they are in a condition to do so.
Easy Balance Transfer Facility: Home loan balance transfer is a facility in which the outstanding loan amount with one lender can be transferred to another lender, which offers a lower interest rate or better loan terms. The new lender pays off the entire outstanding loan amount to the previous lender. After this, the borrower pays the EMIs at the new rate to the new lender.
Interest charges on Daily Reducing Balance
Interest Concession as per CIBIL score
Income base Home Loan Approval
Interest Concession for Women Borrowers
Check your eligibility: It differs across lending institutions and loan schemes. Some of the factors that influence home loan eligibility include age, repayment capacity, work experience and credit score. A common set of housing loan eligibility criteria is given below.
• The actual purpose of the house loan, such as the purchase of a new ready-to-move-in home or any resale property.
• Eligible for the largest home loan possible
• Interest rate and EMI flexibility
• Lower home loan processing fees
• Pre-payment and pre-closure costs are subject to a special reduction.
• Customer experience comparison and multiple options from prior customers
Yes, you can take advantage of.You can get a home loan for Property Improvement Loans, Home Extension Loans, Home Conversion Loans, and Home Construction Loans in addition to purchasing a home.
Yes, in addition to the cost of the home, there are costs such as government registration fees, transfer fees, and stamp duty.
Yes, having a co-borrower is beneficial. As the income of the co-applicant is also taken into account, this might easily increase the loan amount you are eligible for. There is no need to offer extra collateral such as bonds, fixed deposits, or LIC insurance to improve eligibility.
In the financial sector, an EMI is essentially a method of making monthly loan repayments. The EMI (Equated Monthly Installment) is the fixed sum that is paid back to the Finance Company on a monthly basis. It is divided into two parts: one is the principal amount piece, and the other is the interest portion on the principal amount, which is evenly distributed over each month until the conclusion of the last tenure month. The loan payments are always paid to the bank or lender on a set date each month until the total amount owed is paid off during the term.
Yes, tax deductions under Section 80C and Section 24 of the Indian Income Tax Act are capped at 1 lakh for the capital repaid and 1.5 lakh for the interest repaid on the entire loan.
Customers can choose a loan period that suits them best, ranging from one year to twenty-five years, as long as the term does not exceed 65 years of age or retirement age, whichever comes first.
No, Paisewaale’s services come to you totally free of cost
Paisewaale will never share your information data with any third party other than the financial institution that you decide to apply to. Our fare technology practices ensure a highly secure environment.
Once your application is electronically submitted on Paisewaale; we will verify and send it securely to the financial institution as per your choice. This Bank/financial institution will then get in contact with you directly to take the process forward. Paisewaale.com will also keep you updated on the status of your application via email and SMS alerts.
|Bank Name||Rate of Interest||Processing Fees||Loan Amount||Tenure Range|
|Bank of Baroda||8.15% - 9.50%||NIL||Rs. 10cr Max||1-30 Years|
|Bank of Baroda Maharashtra||8.35% - 9.50%||NIL||Rs. 10cr Max||1-30 Years|
|UCO Bank||8.05% - 9.10%||NIL||Rs. 5cr Max||1-30 Years|
|SBI Bank||8.5% - 9.30%||NIL||Rs. 10cr Max||1-30 Years|
|Andhra Bank||8.25% - 9.50%||0.35% + GST||Rs. 8cr Max||1-30 Years|
|IDBI Bank||8.35% - 9.25%||NIL||Rs. 8cr Max||1-30 Years|
|HDFC Bank||8.15% - 9.90%||0.50% + GST||Rs. 10cr Max||1-30 Years|
|ICICI Bank||9.00% - 10.50%||0.50% + GST||Rs. 10cr Max||1-30 Years|
|Equitas Bank||10.50% - 12.50%||1% + GST||Rs. 25 Max||1-20 Years|
|LIC HFL||8.90% - 9.25%||Rs. 5900/-||Rs. 10cr Max||1-25 Years|
|TATA Capital||8.10% - 9.15%||Rs. 5900/-||Rs.5cr Max||1-30 Years|
|Gruh Finance||8.35% - 11.00%||0.50% + GST||Rs.2cr Max||1-30 Years|
|OC HFL||8.85% - 9.75%||3.50% + GST||Rs.25lac Max||1-20 Years|
|BAJAJ Fineserv||9.20% - 12.50%||1.50% + GST||Rs. 75lac Max||1-20 Years|
|ASPIRE Home Finance||12.50% - 14.50%||2.50% + GST||Rs. 25lac Max||1-20 Years|
|Shubham Finance Company||12.50% - 16.50%||2.50% + GST||Rs. 25lac Max||1-25 Years|
|Mahindra Home Finance||10.50% - 15.50%||3.50% + GST||Rs. 25lac Max||1-25 Years|
|Aadhar housing finance||10.80% - 13.75%||3.50% + GST||Rs. 25lac Max||1-25 Years|
|Financial Services Ltd||12.50% - 16.50%||3.50% + GST||Rs. 20lac Max||1-20 Years|
|Shriram housing finance||10.50% - 12.50%||2.50% + GST||Rs.5cr Max||1-30 Years|
|AXIS Bank||8.40% - 9.15%||1.50% + GST||Rs.5cr Max||1-30 Years|
|C-NTRUM Home Loans||11.50% - 14.50||1% + GST||Rs.40cr Max||1-20 Years|
|HindusInd Bank||8.70% - 9.15%||2.50% + GST||Rs.2cr Max||1-30 Years|
|pnb Housing||8.85% - 11.75%||0.50% + GST||Rs.5cr Max||1-30 Years|
|CanFin Homes||8.85% - 10.75%||1% + GST||Rs.5cr Max||1-30 Years|
|EdelWeiss||8.70% - 9.95%||1.50% + GST||Rs.1cr Max||1-25 Years|
|L&T Finance Home Loan||8.70% - 9.15%||2.50% + GST||Rs.251cr Max||1-25 Years|
|RELIGARE||8.80% - 9.45%||2.50% + GST||Rs.501cr Max||1-25 Years|