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Home Loan 

"Dreamed of it? Wished for it? Now, Get It!"It’s never too late to own a house of your own and with the top banks offering you the services of Home Loans it has become a lot more easier. Get financial assistance from the most trusted banks and take the keys of your new home. It’s that simple!!!

 
home loan

Eligibility Home Loan

A Home Loan aspirant required to be eligible to apply for Home Loan and obtain its benefits. Several banks have varied eligibility criteria to provide Home Loan based on the status of employment, income and many more.

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Calculate Your EMI

You can calculate the Equated Monthly Installment EMI easily through the advanced and easy to use EMI Calculator. To know how much installment you're require to pay on monthly basis to cover the amount of Home Loan. With the help of EMI Calculator, you can easily calculate the EMI and plan your finance to be capable of paying EMIs.

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Required Documents

Applicants required to submit the photocopy of documents and may be call for showing the original documents for identification or to ensure the identity of an applicant. Now to apply for Home Loan, an applicant needs to show and submit all the required documents for Home Loan to obtain the benefits and to avail Home Loan efficiently.

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Tax Benefit on Home Loan

Government is allowing so many tax benefits on Home Loan which applicants can avail easily with an aim to enhance the housing property investment. Such tax benefits on Home Loan helps applicants to reduce their financial tension by providing tax relief which is also a kind of financial relief. It brings a great opportunity for the applicants to save money and utilize it for another purpose.

Available Banks 

Below are the details about the fees/other charges/expenses which are required to pay based on the nature of availed Loan:

Home Loan Details-

Axis Bank Interest Rate: 9.95% - 10.45% (Floating Rate)

Loan Tenure: 1 Year - 30 Years

Processing Fees - 0.50% of the Loan Amount

Partial Pre - Payment/Pre - Closure Charges: Nil

Axis Bank Prepayment Charges-

Fixed Rate Home Loan: 2 Per Cent of amount prepaid/outstanding principal.

Floating Rate Home Loan: Nil

Axis Bank Repayment Charges-

The Home Loan Repayment Period will be not more than 30 years

The Home Loan Repayment Period will be not more than 10 years for improvements, extension of property or renovation.

Repayment Charges: Rs.500/- Per Instance.

Other Charges-

CERSAI Charges: Rs.500/-

Issuance charges For Photocopy of title documents, Charges on customer initiated requests for copies of documents: Rs.250/-

EMI late payment: Rs.500 per cheque bounce and penal interest at Rs.24% per annum that is at 2% per month on the overdue installments.

Below are the details about the fees/other charges/expenses which are required to pay based on the nature of availed Loan:

Home Loan Details-

Citi Bank Interest Rate: 10% - 10.35%

Loan Tenure: 25 Years

Processing Fees: Maximum Rs.5000/-

Pre - Closure/Partial Pre - Payment Charges: Nil

Citi Bank Prepayment Charges -

Semi - Fixed Rate Home Loan: 10.25%-10.5%

Floating Rate Home Loan: Based on Base Rate Plus 1%-1.25% per annum

Other Charges-

Application Fee: Upto Rs.5000/-

Booking Fee: 0.40% of the Loan Amount Sanctioned

Cheque/ECS/SI Bounce: Rs.500

Below are the details about the fees/other charges/expenses which are required to pay based on the nature of availed Loan:

Home Loan Details -

DHFL Interest Rate: 9.90% to 12.00%

Loan Tenure: 1 Year - 30 Years

Processing Fees: Rs.5000 - 20000 + Doc Charges + Taxes (Salaried/SEP), 1.5% + Taxes (SENP), Rs.2500/- + ST + PF + Taxes (Upfront)

Partial Pre - Payment/Pre - Closure Charges: Nil

DHFL Prepayment Charges -

Fixed/Variable Rate Home Loan: 2% + S.T. (Borrowed Source)

Variable/Floating Rate Home Loan: 4 times in a year (Part/Full Disbursement Stage)

Plot/ Easy Land - Cum Construction Loan: 3% if dwelling unit is not constructed within 3 years from the day if 1st disbursement of loan.

DHFL Repayment Charges -

The time period of home loan repayment is 5 Years – 20 Years.

Re - Substitution Charges -

Upto 30 Lacs: 10.25% (Salaried/SEP), 10.75% (SENP)

Above 30 Lacs - 75 Lacs: 10.50% (Salaried/SEP), 11.00% (SENP)

Above 75 Lacs - 150 Lacs: 10.50% (Salaried/SEP), 11.50% (SENP)

Above 150 - 300 Lacs: 10.75% (Salaried/SEP), 12.00% (SENP)

Above 300 Lacs: 11.00% (Salaried/SEP), 12.75% (SENP)

Other Charges -

Cheque/ECS Bounce Charges: Rs.250/- + Service Tax

EMI/Pre - EMI: 18% per Annum

Late Payment Charges: 1.5% per Month

Standard Documentation Charges: Rs.220/-

Cash Collection Charges: 1% for Rs.50000 and above plus Service Tax

Conversion Charges: Rs.2500/- Plus Service Tax (Upto 75 Lac), Rs.5000/- Plus Service Tax (Above 75 Lac)

Below are the details about the fees/other charges/expenses which are required to pay based on the nature of availed Loan:

Home Loan Details -

L&T Finance Home Loan:
Salaried/Professional: 9.90% (Upto Rs.75 Lacs), 10.75% (75.01 Lacs and Above) Businessmen: 10.0% (Upto 75 Lacs), 11.0% (75.01 Lacs and Above)

Processing Fee: Upto 2% Plus Service Tax

Loan Tenure: Upto 30 Years L&T Finance Prepayment Charges -

Fixed Rate Home Loan: 3 % on amount paid/principal outstanding (less than 1 year from disbursement), 2% on principal outstanding (post 1 year)

L&T Finance Foreclosure Charges -

2% on principal outstanding (post 1 year)

3 % on amount paid/principal outstanding (less than 1 year from disbursement)

Other Charges -

Interest Rate Conversion Charge: Rs.5000/-

Documents List: Rs.300/-

Documents Photocopies: Rs.500/-

Demand Notice: Rs.1000/-

Loan Recall Notice: Rs.500/-

Possession Notice: Rs.2000/-

District Magistrate Order: Rs.8000/-

Physical Possession: Rs.10,000/

Penal Charges: 3% Per Month on Installment Overdue

Home Loan Details -

PNB Housing Finance Interest Rate:

Floating Rate: 9.95% (Salaried), 9.95% (Self Employed Professionals), 10.50% - 11.00% (Self Employed Non Professionals)

Fixed Rate: Salaried and Self Employed Professionals: 9.95% (3 Years). 9.95% (5 Years), 10.15% (10 Years)

Self Employed Non Professionals: 10.50% - 11.00% (3 Years), 10.50% - 11.00% (5 Years), and 10.50% - 11.00% (10 Years)

Loan Tenure: 30 Years Or 70 Years

Processing Fees: 0.50% of loan amount

PNB Housing Finance Prepayment Charges -

Fixed Rate Home Loan: 2% on principal outstanding

Foreclosure Charges - Nil

PNB Housing Finance Repayment Charges -

Maximum period of 25 years

Other Charges -

Documentation Charges: 1350 + Taxes

Home Loan Details -

HDFC Bank Home Loan Interest Rate:

Floating Rate: 9.85% - 10.04% (Salaried/Self Employed)

Fixed Floating: 9.95% - 10.55% (Salaried/Self Employed)

Loan Tenure: Upto 30 Years

Processing Fees: 0.50% of the outstanding principal

HDFC Bank Prepayment Charges -

Fixed Rate Home Loan: 2% plus suitable taxes on excess of 25% on opening principal balance, otherwise no prepayment charges are applicable.

HDFC Bank Repayment Charges -

Maximum period of 30 years through telescopic repayment option.

Other Charges-

Cheque Dishonor: Rs.200

List Of Documents: Rs.500/-

Documents Photocopies: Rs.500/-

PDC Swap: Rs.200/-

Re - Appraisal of Loan Later than 6 Months of Sanction: Rs.2000 + applicable taxes.

Increase or Decrease in Loan Term: Rs.500 + applicable taxes.

Home Loan Details -

ICICI Bank Home Loan Interest Rate: 9.7% - 10.51%

Loan Tenure: 1 Year - 30 Years

Processing Fees: 0.50% of the outstanding principal

ICICI Bank Prepayment Charges -

Fixed Rate Home Loan: 2% + service charges on principal outstanding

4% on outstanding principal + service charges if loan is given to individual borrowers with fixed rate of interest

ICICI Bank Repayment Charges - Rs.500/

Other Charges-

Documents charges: Rs.500/-

Cheque Bounce Charges: Rs.200/-

Amortization Schedule/Statement of Account/Final Prepayment Statement: Rs.100/- Per Statement.-

Home Loan Details -

SBI Bank Home Loan Interest Rate: 9.70% (Women), 9.75% (Others)

Loan Tenure: 30 Years

Processing Fee: 0.25% of principal outstanding for upto 25 Lacs loan amount, Rs.6500/- for above Rs.25 Lacs and upto Rs.75 Lacs and Rs.10,000/- for above Rs.75 Lacs.

SBI Bank Prepayment Charges - Nil

SBI Bank Repayment Charges -

Maximum 30 years or maximum age of 70 years

Other Charges-

CERSAI Registration Fee: Rs.250/- plus service tax upto the limit of Rs.5 Lakhs and Rs.500/- plus service tax above Rs.5 Lakhs.

Home Loan Details -

IDBI Bank Home Loan Interest Rate: 10.00% - 10.15% (Floating)

Loan Tenure: Upto 30 years for Salaried and upto 20 years for self employed professional and self employed non professionals.

Possession Fees: Nil

IDBI Home Loan Prepayment Charges -

2% on outstanding principal plus applicable taxes in case of loan sanctioned to non individuals in both floating rate and fixed rate home loans.

No prepayment charges for loan sanctioned to individuals.

IDBI Home Loan Repayment Charges -

Maximum period of 25 years.

Other Charges-

Documents: Rs.225/-

Cheque Return/ECS Return Charges: Rs.300/-

Duplicate Statement Charge: Rs.115/-

CERSAI Registration Charges: Loan amount upto Rs.5 Lakhs is Rs.250/- plus applicable taxes and above Rs5 Lakhs is Rs.500/- plus applicable charges.

Home Loan Details -

UCO Bank Home Loan Interest Rate: 9.95% (Base Rate) and 14.50% (BPLR)

Loan Tenure: 30 Years

Processing Fees: 0.50% on principal outstanding (maximum amount Rs.15000/-)

UCO Bank Home Loan Prepayment Charges - Nil

UCO Bank Home Loan Repayment -

Maximum Duration of Repayment: 10 years

Home Loan Details -

Central Bank of India Home Loan Interest Rate: 9.95% (Floating)

Loan Tenure: 30 Years

Processing Fees: 0.50% on outstanding principal (maximum Rs.20,000/-)

Central Bank of India Home Loan Prepayment Charges -

No prepayment charges on floating rate of home loan

1% on outstanding principal in case of fixed rate home loan if account is contracted by another bank.

Central Bank of India Home Loan Repayment Charges -

Maximum period 30 years or 70 years of age of borrower.

10 years in case of renovation or repair.

Home Loan Details -

Bank of Baroda Home Loan Interest Rate: 9.90%

Loan Tenure: 30 Years

Processing Fees: 0.25% for loan upto 25 Lacs (minimum Rs.1000/-), 0.25% for above Rs.25 Lacs to Rs.75 Lacs (maximum Rs.10, 000/-), 0.25% for loan above Rs.75 Lacs (maximum Rs.20, 000/-).

Bank of Baroda Home Loan Prepayment Charges - Nil

PNB Housing Finance Prepayment Charges -

Fixed Rate Home Loan: 2% on principal outstanding

Foreclosure Charges - Nil

Bank of Baroda Home Loan Repayment -

Maximum period of 30 Years

Other Charges-

ECS Charges: Rs.250/-

Disclaimer: The mentioned information are obtain from the bank websites and its details. We're providing just an idea to introduce you with the fees and charges of respective banks on Home Loan. We're not responsible for any fault in above information and we suggest you to prefer banks website and agents to avail proper information.

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