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Home Loan Partner
We at Loan Bazaar, not only provide with you options from 40+ lenders but also a dedicated expert to help you choose the best offer!
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4.9
434 Google Reviews
4.8
860 Justdial Rating
Home Loan current interest rate starts from 8.35%. But the rate you will get based on your CIBIL, Tenure, Eligibility and other factors.
The maximum Home Loan amount that you can get upto 25 Crores.
The minimum CIBIL requirement varies for each Bank / NBFC. However score of 700+ above is considered to be a favourable score.
The maximum home loan tenure can be upto 30 years. However, the borrowers age as well as financial credibility also matters the eligibility of tenure.
Broadly 3 types of documents are required:
Borrowers KYC documents, Financial documents (Eg: Tax returns), Property related documents (Sales deed & Chain agreement)
The financial sanction for a home loan can be obtained in less than a week. However full sanction may take anything between 2-4 weeks, depending on bank to bank.
Compare & select best products from 40+ Banks & NBFCs
* Onwards
Rate of Interest: 8.80% Onwards
Processing Fees: Rs: 3,540 Onwards
ROI: 8.80% *
PF: Rs: 3,540 *
Rate of Interest: 8.75% Onwards
Processing Fees: Rs: 5,900 Onwards
ROI: 8.75% *
PF: Rs: 5,900 *
Rate of Interest: 8.75% Onwards
Processing Fees: Rs:1000 Onwards
ROI: 8.75% *
PF: Rs:1000 *
Rate of Interest: 8.75% Onwards
Processing Fees: Rs.5,900 Onwards
ROI: 8.75% *
PF: Rs.5,900 *
Rate of Interest: 9.10% Onwards
Processing Fees: Rs.3540 Onwards
ROI: 9.10% *
PF: Rs.3540 *
Rate of Interest: 9.10% Onwards
Processing Fees: Rs.5,900 Onwards
ROI: 9.10% *
PF: Rs.5,900 *
Rate of Interest: 8.45% Onwards
Processing Fees: Rs.2,950 Onwards
ROI: 8.45% *
PF: Rs.2,950 *
Rate of Interest: 8.58% Onwards
Processing Fees: Rs.5,900 Onwards
ROI: 8.58% *
PF: Rs.5,900 *
Rate of Interest: 8.60% Onwards
Processing Fees: 1% of loan amount
ROI: 8.60% *
PF: 1% of loan amount
Rate of Interest: 9.10% Onwards
Processing Fees: Rs.5900 Onwards
ROI: 9.10% *
PF: Rs.5900 *
FAQs
A Home Loan is a type of borrowing provided by various Banks and NBFCs to purchase a property. It essentially is a Secured Loan which you can repay your lender in about 20 to 30 years. This loan form is usually paid using EMI or the Equated Monthly Installment system.
You can get approval on a home loan using the following process given below:
- Fill up the respective application form of the financial institution either physically or digitally.
- 2Provide your KYC and Financial documents copy to the financial institution.
- Provide necessary clarification to the Financial Institution during the processing of the loan.
- Legal and Technical checks of the property are done by financial institutions in parallel with the sanction process.
- Finally, financial institutions provide a sanction letter usually in about 2-3 weeks.
The maximum home loan offered by various financial institutions across India will vary depending on the banks and NBFCs. It is also important to understand that there will be a difference in the maximum Home loan offered by financial institutions to salaried individuals and professionals.
As per sections 80c, 24(b), and 80EEA of the Income Tax Act 1961, you are eligible to receive tax benefits on repayment of the Home Loan principal and interest amount. To get detailed information and receive advice about the tax benefits you can enjoy on a home loan please consult your CA today.
There are a few factors that determine your Home Loan Eligibility. They are as given below:
- Income of applicants
- Age of the applicants
- Other Obligations
- Stability and continuity of the primary applicant’s occupation
- Repayment capacity
- Credit score (CIBIL)
- Salaried or self-employed or professional applicant.
The financial institution provides an interest principle sanction or financial sanction before property documents are provided to them. This helps the customer to negotiate better with the seller of the property.
A bank or an NBFC usually will only provide an applicant with a Home Loan/LAP at the best interest rate available. These will include a few factors including ‘Credit History’ or CIBIL score. However, a Direct Selling Agent or DSA will help you get a loan sanctioned quickly by providing you with expert guidance and asking you for minimum documentation. So the choice between whether you want a bank or DSA to offer you a home loan/LAP will depend on whether you want a more personalized service or not
Loan Bazaar
#1 Choice
of Smart
Customers
4.9
434 Google Reviews
4.8
860 Justdial Rating
5/5
Hi, The new feature on Loan Bazaar Website, providing the facility to view the Home Loan Amortization Schedule is really wonderful. This will actually reduce paper wastage, telephone calls to be made and the waiting time for receiving the revert from Banker. It is quite an innovative move. Keep it up! Happy Diwali to one and all!
Shivam Sharma
5/5
Was struggling to get loan for my home from last 3 months, suddenly one day I found Loan Bazaar on google who is one of the most well known DSA for home loan. They offered me doorstep service and with the limited paper work, they santioned my loan within 7 days. Thanks to Loan Bazaar.
Aruna Kate
5/5
I work for an MNC financial services company in the customer service department and I must say that Loan Bazaar has one of the most user friendly website and EMI Calculator. Well done! In an endeavour to automate, My first visit to the website has been a pleasurable one!
Yash Sharma
5/5
Loan Bazaar Team’s commitment shown on the job are enthusing. I had opted for a switch over on HL recently and been able to get best possible attention and faster clearance over my request. Kudos Loan Bazaar…
Babu Patil
5/5
A very helpful and a very patient team . My special thanks to Mr.Jitendra Sharma and Ms.Kanchan for their support . Dont worry about loan just contact this team they have solution for all .Once again thank you all
Dr.Abhijeet Kumar
5/5
I recommended their services to a friend of mine, and the services given were excellent. Very professional team, with polite and helpful approach. Highly recommended
Jayesh Shah
