Home loans falls under various categories for which it is applied. Based on the different categories, home loans can be well classified. It would be wise to take a look at the options available to you rather than searching for information without any previous knowledge.
Home Loan TypesThis type of loan is usually applied to purchase a new residential property.
b) Home Enhancement LoanThis loan is applied for the improvement and changes in the present home or residential place. It is basically concerned with the costs to renovate or repair your existing home.
c) Home Building LoanThis type of loan is taken when the borrower wants to construct a new home on a given plot of land.
d) Home Loan AdvantageThis type of home loan is linked to a current account thereby reducing your interest outflow depending on your idle balance in your bank accounts
e) NRI Home LoanPeople who are living outside India, also known as Non-Resident Indians (NRI) buy property in India for investment or for their family back home. The terms, requirements, interest rates and procedures are different for them as compared to the basic home loan. These are specifically designed for NRI's.
f) Home Conversion LoanMany time consumers change their residence. It can be for any personal or professional reason. But moving into another house doesn't come cheaper either. If one already has a home loan on earlier purchased house and wishes to move into a new house buy getting a new home loan, this type of loan is a savior for them. The home conversion loan helps you to transfer the current loan from your old house to your new house
| Product | Loan AMT | Rate of Intrest | P.F Salaried | PF Self Employed | |
|---|---|---|---|---|---|
| HSBC | Home Loan | 1 Cr + | 10.20 – 10.50 % | 10000 + ST | 0.25% + ST |
| HSBC | Loan Against Property (Balance Transfer) | > 25 Lakh | 11.75% | 0.25% + ST | |
| 25 – 50 Lakh | 11.40% | 0.25% + ST | |||
| 50 – 1.5 Cr | 11.25% | 0.25% + ST | |||
| SCB | Home Loan (Balance Tranfer) | 1 Cr + | 10.25% | 10000 + ST | 0.25% + ST |
| Loan Against Property | 12.00-12.50% | ||||
| CITI | Home Loan | 1 Cr + | 10.25% | 10000 + ST | 0.25% + ST |
| Loan Against Property | 12.00- 12.50 % | 1% + ST | |||
| Axis | Home Loan | 10.50% | 10000 + ST | 0.25% + ST | |
| Loan Against Property | 12.50 – 13.00 % | 1% + ST | |||
| Deutsche | Home Loan | 1 Cr + | 10.15 – 10.25% | 0.1% + ST | 0.2% + ST |
| Loan Against Property | 1 Cr + | 11.50 – 12.50 % | 1% + ST | 1% + ST | |
| Reliance | Home Loan | 11.25% | 1% + ST | ||
| Loan Against Property | 13.00 – 13.50% | 1% + ST | |||
| IndiaBulls | Home Loan | >25 Lakh | 10.15% | 5000 + ST | 1 – 1.15% |
| < 25 – 75 Lakh | 10.75% | 5000 + ST | 1 – 1.15% | ||
| < 75 Lakh | 11% | 15000 + ST | 1 – 1.15% | ||
| IndiaBulls | LoanAgainst Property | 13% – 13.5 | 1 – 1.15% | ||
| PNB Housing Finance Ltd. (Fixed) 10 Yrs (SAL) | Home Loan | >50 Lakh | 10.75% | 0.5% + ST | 0.5% + ST |
| PNB Housing Finance Ltd. (Fixed) 10 Yrs (SAL) | Home Loan | 11.00% | 0.5% + ST | 0.5% + ST | |
| PNB Housing Finance Ltd. (Fixed) 10 Yrs (SE) | Home Loan | 11.00-11.25% | 1% + ST | ||
| PNB Housing Finance Ltd. (Fixed) 10 Yrs (SE) | Loan Against Property | 13.25% | 1% + ST | ||
| PNB Housing Finance Ltd. (Fixed) 10 Yrs | Commercial Purchase | 12.75% | 1% + ST | ||
| PNB Housing Finance Ltd. (Fixed) | Loan Against Property | 12.50 – 13.00 % | 1% + ST | ||
| Edelweiss | Home Loan | 10.50% | 0.5% + ST | 0.5% + ST | |
| Loan Against Property | 12.50 – 13.00 % | 1% + ST | |||
| Religare | Loan Against Property | 13.50% | 1% + ST | ||
| DCB | LAP/OD | 12.50 – 13.00 % | 1% + ST | ||
| ICICI | Home Loan | 10.25% – 10.50% | 0.5% + ST | 0.5% + ST | |
| Loan Against Property | 12.50% | 1% + ST | |||
| DHFL | Home Loan | 10.75% | 1% + ST | 1.5 % +ST | |
| Loan Against Property | 13.50% | 1.5 % +ST | |||
| Kotak | Loan Against Property | 12.50 – 13.00 % | 1% + ST | ||
| HDFC | Home Loan | 8.65% | 10000 + ST | 1% + ST | |
| Loan Against Property | 12.50 – 13.00 % | 1% + ST |