The quest for best home loan India is not possible if the right information is inaccessible. The travesty to choose the best home loan offer is accentuated with the presence of many home loan lenders in the market, today.
Undoubtedly, newbie customers can’t decide correctly which bank or financier to choose for the best home loan deal.
In the context of helping you choose the best home loan in India, we are pleased to inform you that we have many resources, details and information to guide and support you materialise your quest of choosing right housing finance.
Best home loan symbolises virtues like cheap interest rates, maximum loan amount, flexible repayment option and a lot more other features. In essence, we are providing you with all details and information to help you get the best home loan in India.
We provide compatible information to our esteemed readers concerning choosing best home loan in India.
To acquire the best home loan is not an easy task considering a lot of banks are involved in commercialising their own home loan products to potential customers.
In this situation, any first-time loan seeker can undergo a problem to choose the best home loan offer. However, some extensive researches might lend you significant assistance.
We provide you information about home loan banks to giving you exact detail to assist you to understand your loan correctly.
In the context of choosing the best home loan, you should make a comparative analysis of current home loan offers of other banks.
Making the comparison of home loan offers of other banks using the Internet service is a remarkable way to choose the best home loan deal.
Such online comparison not only helps you access number of leading home loan banks in India very fast but also enables you to study, compare and analyse their offers relatively.
Such comparison involves studying home loan offers regarding interest rates, loan amount, and tenure and repayment options.
Once the comparison is made over, you are left with the sound idea to choose a particular home loan from a specific bank which is comparatively better than the rest of other home loan offers of different other banks.
We have a list of famous home loan banks on our website with all exclusive information and detailed-wise analysis. Best home loan in India is not a difficult task once you make the most uses of our knowledge and details in this respect.
Are you still with us and want to know more just keep scrolling.
Different Types of Loan Provider
HDFC Home Loan
Are you planning to purchase dream house? Do you want home loan to finance home improvement cost? Do you want to refinance your house using home loan? HDFC home loan offers remarkable monetary solution for all your needs in this context. Whether it comes to buying dream house or battling the cost of remodeling existing house, with HDFC home loan in hand, there is nothing to worry about. With years of experience in the field of banking sector, HDFC, today, is one of the most distinguished finance companies. Home loan is certainly one of the most distinguished products of the bank and has been qualitative according to customers’ perspective.
HDFC home loan is of different types depending on the type of your requirement. For new home purchase, the bank can offer you HDFC home purchase loan whereas renovation related expenses can be dealt with HDFC bank’s home improvement loan. In essence, the type of requirement for which you are seeking home loan can be satiated well through HDFC bank’s housing loan or home loan assistance.
Some of the outstanding features of HDFC home loan like instant loan approval, flexible repayment, sufficient quantum of loan for large tenure and other associated features have made housing finance of the bank standout for the customers. Acquisition of the loan has been made easy through instant lending procedure, least time consuming documentation and easy online application procedure of the bank. You will be financed up to 85% of the loan against your needs for the repayment duration of 25 years (max).
HDFC home loan has some documentable procedures which are mandatory to comply with. If you are salaried individual, you should submit documents like bank statement, current salary slip, form 16, job employment experience in current organization and other documents that could certify your credibility as a borrower. On the other hand, self-employed individuals should submit documents that could substantiate their business continuity, income and other things pertaining to safely acquisition of home loan of the bank. It is mandatory to give bank collateral security to avail the loan.
HDFC Bank’s home loan interest rate is not expensive to make your prospective EMIs costly. Hence, you can avail the loan without any hesitation for expensive interest rates chargeable. However, prepayment, conversion and other associated charges can’t be denied and you are likely to pay off at certain situation. Understandably, prepayment charge falls in case of disbursing loan in advance while the late payment falls in case of defaulting payment of the loan at stipulated time. Better understand terms and conditions associated with borrowing HDFC home loan before you make a choice of the loan. You can apply for the home loan using online service as well.
Citibank Home Loan
itibank is one of the most distinguished banks in India, offering different types of home loans to sort out your monetary problems. The bank is immensely popular in India owning to quality and customer-oriented home loan products for their needs. Whether it comes to buying new house or constructing a new one of your choice, the Citibank home loan offers large monetary assistance at a very affordable interest rate.
- Home loan interest rate on daily reducing balance
- No requirement of guarantor or co-applicants
- Electric clearing system for fast and hassle free repayment
- Get your queries answered through citiPhone platform
- Anytime online accessibility to your home loan account
- Affordable interest rate
- Loan amount up to 10 crore (conditions applied)
- Loan tenure up to 25 years*
- 80% loan based on property value*
- Interest payable only at construction period
Citibank home loan is available for:-
- New home purchase
- Buying under construction property
- Buy plot and self-construction
- Recent photograph
- Date of birth certificate
- Id proof
- Age proof
- Resident proof
- Signature verification proof
- Business address proof (applicable for self-employed)
Note – Separate documentation for salaried and self-employed respectively.
People who are eligible for Citibank home loan are salaried individuals, self-employed individuals, HUF, partnership firms, private limited companies & public limited concerns. In addition, Citibank has also listed locations and approved them for customers to buy properties. Delhi and NCR regions, Chennai, Hyderabad etc. are some of the approved locations where customers can purchase properties using Citibank home loans.
The age of 23 years and 21 years has been determined for main applicant and co-applicant respectively to apply for Citibank home loan. The maximum age should not exceed 65 years on loan maturity.
Citibank home loan offers tremendous monetary solutions against particular housing needs. You can materialize dream house using the loan. You can also sort out other expenses related to housing project in this respect with the help of Citibank home loan.