Banks That Offer Cheapest Home Loans In India


4. LIC Home loan

LIC housing finance trust is a product from Life Insurance Corporation of India. LIC Housing currently holds 11 percent of the market share and thus it is one of the largest Housing Finance Company in India.

It provides Housing Loan for long term Finance with low Interest Rates. Hence forth you can take a Home Loan for various purposes like purchasing a plot, House extension and even repair and renovation too. Its interest rate ranges from 10 percent to 11.75 percent.

5. ICICI Bank

ICICI Bank is considered to be one of the largest Home Loan financing companies in India. Their attractive rate of interests, simple documentation and fast processing makes the customers most preferred choice to take Home loan from them.

Some of the features and benefits of ICICI Bank Home Loan are attractive home loan rates, no charges on part pre-payment, Top Up & Home Improvement Loan facility available on existing Home Loan, home loan amounts that suits your needs, loan tenure up to 25 years, simple documentation, doorstep delivery of loan papers and insurance options for your home loan at attractive premium.

6. IDBI Bank

When IDBI bank is there then why to worry? Yes this bank gives you ultra flexible home loan to cherish your dreams of owning a sweet home built out of your dreams. You can apply for home loans for constructing a home, purchasing a ready built house or flat, residential plot and even for re-financing existing loans.

There are certain advantages on taking loan from IDBI bank such as maximum funding, flexibility for choosing between floating or fixed interest rate, personalized doorstep service and balance transfer facility. Bank offers home loan with life insurance cover to help you lead tension free life.