2014's 7 Best Banks For Home Loans


BANGALORE: Nowadays with the increasing prices of real estate owning a home has become quite difficult. But thanks to home loans, a common man can now fulfill his dream of having a home to call his own. Getting a home loan is not that easy. There are many factors to be considered while applying for a home loan. To help people meet their expenses, financial institutions are coming up with different types of loans and interest rates accordingly. The rising competition among these banks compels them to offer affordable rates to attract customers.

Let’s have a quick look at the list of some banks considered best for proving home loans:

1. State Bank of India

State Bank of India is one of the most preferred banks in the home loan industry. SBI has been awarded “The Most Preferred Home Loan Provider” by AWAAZ Consumer Awards as reported in Rupee Times. SBI Home loan is a home loan product by India’s largest Bank. It is regarded the best bank for its loan schemes. State Bank has a large set of branches which help them to do more business. SBI Easy Home Loan, SBI Advantage Home Loan, SBI Home Plus, SBI MY HOME CAMPAIGN and SBI Housing Finance Scheme are the four schemes available on home loan. The interest rates provided by the bank on home loan are 10.10 percent to 10.30 percent.