Compare Home Loan in India - Top Offers & Reviews 2020

Getting a home loan to buy your own house is one of the most important financial decisions in your life. You can get a home loan from two types of lenders in India - the housing finance companies such as LIC Housing Finance Ltd., DHFL, and commercial banks like SBI or HDFC. However, most of the lenders provide 80% of the cost of the property. The remaining 20% needs to be paid as a down-payment by the borrower.

Tata Capital Home Loan

Tata Capital | Home Loan

About Tata Capital: Tata Capital Limited is a financial and investment service provider in India. It is based in Mumbai and has more than 100 branches across the country. The company offers consumer loans, wealth management, commercial finance, and infrastructure financ...

Detail: The rates of interest charged vary depending upon the job profile of the applicant and the amount of loan applied for

Annual Percentage Rate (APR): 8.70%

IIFL Home Loan

IIFL | Home Loan

About IIFL: IIFL Holdings Limited d/b/a IIFL and India Infoline, is an Indian diversified financial services company headquartered in Mumbai. The organisation was founded by Nirmal Jain. IIFL and its group companies are backed by Canadian investor Prem Watsa, pr...

Detail: IIFL home loan offers a maximum Loan tenure of 30 years to salaried and 20 years to self-employed.

Annual Percentage Rate (APR): 9.50%

ICICI Bank Home Loan

ICICI Bank | Home Loan

About ICICI Bank: ICICI Bank Limited is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra with its registered office in Vadodara, Gujarat. As of 2018, ICICI Bank is the second largest bank in India in terms of assets a...

Detail: ICICI bank also facilitates loan against property

Annual Percentage Rate (APR): 8.90%

Aditya Birla Home Loan

Aditya Birla | Home Loan

About Aditya Birla: Aditya Birla Finance Limited (ABFL), a subsidiary of Aditya Birla Capital Limited is among the leading well-diversified non-banking financial services company in India. ABFL offers end-to-end lending, financing and wealth management solutions to a di...

Detail: Minimum age of applicant - 21 yrs

Annual Percentage Rate (APR): 9.00%

Bajaj Home Loan

Bajaj | Home Loan

About Bajaj: Bajaj Finserv Limited, a part of Bajaj Holdings & Investments Limited, is an Indian financial services company focused on lending, asset management, wealth management and insurance. The company employs over 20154 employees at 1409 locations, and is e...

Detail: No charges are levied towards part prepayment of the loan

Annual Percentage Rate (APR): 9.05%

HDFC Bank Home Loan

HDFC Bank | Home Loan

About HDFC Bank: HDFC Bank Ltd. is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It has a base of 104154 permanent employees as of 30 June 2019. HDFC Bank is India's largest private sector lender by assets. It is the largest b...

Detail: Transfer your outstanding Home Loan availed from another Bank / Financial Institution to HDFC and get an additional Top Up Loan of upto Rs. 50 lacs

Annual Percentage Rate (APR): 8.80%

IndusInd Bank Home Loan

IndusInd Bank | Home Loan

About IndusInd Bank: IndusInd Bank Limited is an Indian new generation bank in Pune, established in 1994. The bank offers commercial, transactional and electronic banking products and services. IndusInd Bank was inaugurated in April 1994 by then Union Finance Minister Ma...

Detail: Security or collateral in the home loan is the title deed of the property which customers wish to get financed

Annual Percentage Rate (APR): 9.50%

Bank of Baroda Home Loan

Bank of Baroda | Home Loan

About Bank of Baroda: Bank of Baroda is an Indian Multinational, public sector Banking and financial services company. It is the third largest public sector bank in India. with a business mix of close to US$225 billion. Based on 2019 data, it is ranked 1145 on Forbes Glob...

Detail: An applicant can apply for a BOB Home loan amounting to 80% of the cost of the property, in the case of Bank of Baroda home loan.

Annual Percentage Rate (APR): 8.75%

Federal Bank Home Loan

Federal Bank | Home Loan

About Federal Bank: Federal Bank is a Private Sector, scheduled commercial bank in India, headquartered in Aluva, Kochi. The Bank also has its Representative Offices abroad at Abu Dhabi and Dubai....

Detail: Age limit is 18 years to 65 years

Annual Percentage Rate (APR): 8.75%

RBL Bank Home Loan

RBL Bank | Home Loan

About RBL Bank: RBL Bank, formerly known as Ratnakar Bank, is an Indian private sector bank headquartered in Mumbai and founded in 1943. It offers services across six verticals: corporate and institutional banking, commercial banking, branch and business banking, re...

Detail: This loan is available to individuals who are in between the ages of twenty-four and sixty.

Annual Percentage Rate (APR): 10.30%

Loan Eligibility

Age - 18/21 years - 60/65 years
Employment Type - Salaried/Self-Employed
Minimum Net Income (monthly) - ₹15,000
Work Experience - Salaried for at least 6/12 months or Self-Employed for at least 3 years
Tenure: (Min) 3 to (Max) 60 months
Interest Rate ranging from 10.75% to 25% depending on customer’s credit and risk profile

Representative Example

With a representative 10.75% APR based on borrowing ₹ 10 lacs and repaying over 60 months with 60 monthly repayments, the monthly repayments will be ₹ 21,618 which can be paid within a tenure of 12-60 months.

*Please note the processing fee can vary from 1.5% - 6%. The figures provided are indicative and subject to change from time.

EMI Calculator

The simple and handy loan EMI calculator lets you easily calculate EMIs. All you need to do is enter the loan amount, interest rate and loan tenure, and you will know the convenient and easy EMIs basis the inputs entered.

Sample Loan Calculation:

Loan amount: INR 4,00,000
Interest Rate: 15% p.a.
Loan Duration: 3 years
Total Interest = INR 99,176
Processing fees (PF) + GST= 4000 + 720 = INR 4,720

In Hand Amount: Loan Amount - Total Deductibles = 4,00,000 - 4,720 = INR 3,95,280
Total repayable Amount: INR 4,99,176
Monthly EMI Repayable: INR 13,866
*Deductibles are deducted upfront during the loan disbursal.