Which bank home loan is the best in India? Or which bank is the best for a home loan in India? When you consider taking home loan these types of questions come first in your mind. It’s really confusing to decide for a bank of housing finance when in the market various types of options available.

Buying a property in India is by no means a small feat. A home loan is an effective way helps you to buy a house. If you are unable to decide which is the best bank for a home loan in India, here are the best bank options to take a home loan at our list of the “Best Banks for Home Loans in India”.

Here’s a look at some of the top home loan products and examine the best floating interest rates from various banks/financial institutions in Indian according to the tenure of the home loan. Good luck!!

ICICI Bank Home Loan

Getting a home loan from ICICI Bank is quick and easy. ICICI Bank provides home loan with higher eligibility and lowers EMIs at attractive interest rates. Moreover, application processing through our TABLET and Smartphone applications ensures faster approval of your home loan. Home Loan Processing fees: 0.50% – 1.00% of the loan amount or Rs. 1500/- (Rs. 2000/- for Mumbai, Delhi & Bangalore), whichever is higher + applicable Service Tax & Surcharge and their pre-payment charges are nil.

Bank: ICICI Bank
Interest Rate: 8.70% – 8.95%
Market Percentage: 13.10%
Home Loan Processing Fees: 0.50% – 1.00%

Axis Bank Home Loan

Axis Bank offers some of the most attractive home loan interest rates in India. Axis Bank Home Loans offer a host of benefits to help you fulfill your dream of owning a home. It has various types of Home Loans on offer. Basis your eligibility, you can choose the one that best suits your needs. With affordable interest rates & offers on Home Loans, your dream home is closer than you think. Axis Bank also has a Home Loan Calculator to help you with an understanding of your equated monthly installments. So go right ahead and book your dream home now!

Bank: Axis Bank
Interest Rate: 8.50% – 8.70%
Market Percentage: 4.22%
Home Loan Processing Fees: Up to 1% of the loan amount

HDFC Limited Home Loan

HDFC is an Indian financial conglomerate based in Mumbai, India. It is a major provider of finance for housing in India. HDFC Bank offers among the most feature-packed home loans in India. Besides free document storage, get approvals on your home loan even before you choose a property. They also provide guidance on buying a property when you apply for home loans. It also has a presence in banking, life and general insurance, asset management, venture capital, and education loans. HDFC Ltd home loans available at affordable interest rates, lowest EMI, High Eligibility & low processing charges with the easy procedure of home loan.

Bank: HDFC Ltd
Interest Rate: 8.70% – 8.90%
Market Percentage: 24.13%
Home Loan Processing Fees: Up to 0.5% of loan amt

PNB Housing Home Loan

PNB housing finance is India’s leading home loan provider from last 30 years offering home loans at a fixed & flexible rate of Interest. At PNB Housing, they provide loans for purchase, construction, and extension of dwelling units. They offer customized Home Loan solutions with best-in-class services, full-fledged domain knowledge, and simplified loan procedures. PNB Housing excels in providing a complete bouquet of services to customers to meet their Home Loan needs.

Bank: Punjab National Bank
Interest Rate:  8.65% – 8.99%
Market Percentage: 6.23%
Home Loan Processing Fees: Up to 0.50% – 1% of loan amt

SBI Home Loan

SBI welcomes you to explore the world of premier banking in India. Their commitment to nation-building is complete & comprehensive. SBI Home Loans come to you on the solid foundation of trust and transparency built in the tradition of SBI. It includes options for the purchase of ready built property, purchase of under construction property, purchase of pre-owned homes, construction of a house, an extension of house and repair/renovation. SBI Home Loans is the largest Mortgage Lender in India, which has helped over 30 lakh families to achieve the dream of owning a home.

Bank: State Bank of India
Interest Rate: 8.65% – 9.20%
Market Percentage: 25.50%
Home Loan Processing Fees: Rs. 0 – 10,000

IDBI Home Loan

Owning a home is one of life’s biggest aspirations, at IDBI our home loan solutions are designed to offer you convenience and make the journey to your dream home a pleasant one. IDBI Bank home loans offer flexible loan repayment options and lower EMIs at attractive interest rates.  IDBI Bank’s home loan interest rate starts at 8.60%, which is one of the best home loan rates in India. IDBI bank offers their home loans at a floating rate of interest that ranges between 8.35% – 8.65%.

Bank: IDBI Bank
Interest Rate: 8.90% – 9.30%
Market Percentage: 4.67%
Home Loan Processing Fees: 0.5% of the loan amount

LIC Housing

LIC Housing Finance Limited is one of the largest Housing Finance companies in India having its Registered and Corporate office at Mumbai. A Loan is a stepping stone in realizing one’s dream. LIC helps you in taking that one step closer towards your dream with their customer friendly Loan products. Through their years of expertise and experience, they guide their customers by giving them the right advice.

Bank: Life Insurance Company
Interest Rate: 8.50% – 8.95%
Market Percentage: 15.83%
Home Loan Processing Fees: For up to 1 Cr – Rs. 5000, Above 1 Cr Rs. 10,000

DHFL Home Loan

Dewan Housing Finance Corporation Ltd. is a deposit-taking housing finance company, headquartered in Mumbai with branches in major cities across India. A new home doesn’t just allow for personal growth, but it also creates a stable environment for a family to grow, and prosper together. With DHFL’s New Home Loan, you can invest in the future which has no financial restrictions, allowing you to be free in the comfort of your own home. Flexible tenures, low-interest rates, and easy repayment options allow you to obtain financial freedom and save money in the process. Applying for a new house loan is a simple procedure and you can apply for a home loan online or visit any of our branches to get things going.

Bank: Dewan Housing Finance Corporation Ltd.
Interest Rate: 8.70%
Market Percentage: 6.32%
Home Loan Processing Fees: Up to 1% of loan amt

BOB Home Loan

Bank of Baroda offers a wide range of retail loans to meet your diverse needs. Whether the need is for a new house, child’s education, purchase of a new car or home appliances, their unique and need specific loans will enable you to convert your dreams to realities. Bank of Baroda offers home loans online at attractive interest rates with higher loan eligibility and lower EMI. Home Loan Rates of BOB is the best in the market without any differentiation in loan amount or tenure, salaried or self-employed, NRI. Home Loan Processing fees: 0.25% of the loan amount or maximum of Rs 20,000 and their pre-payment charges are nil. Longer tenure is up to 30 Years.

Bank: Bank of Baroda
Interest Rate: 8.50% – 8.70%
Market Percentage: 6.32%
Home Loan Processing Fees: Min. 1000 and Max. Rs. 20,000

Yes Bank Home Loan

YES BANK provides wide-ranging solutions to customers for financing the purchase of residential property. YES BANK offers you a wide range of loans that will fulfill your every need. Their wide range of loans will enable you to move into your own home, or buy your dream vehicle, or enhance your business, or treat your family to that perfect vacation you’ve always dreamt of. Keeping this in mind, they have introduced loan products including Home Loans, YES KHUSHI Affordable Home Loans, Car Loans, Loan Against Property, Personal Loans, Loan Against Gold, Commercial Vehicle Loans, customized to suit your needs.

Bank: Yes Bank
Interest Rate: 9.35% to 10.50%
Market Percentage: 6.32%
Home Loan Processing Fees: 0.5% of loan amt. or Rs.10, 000 whichever is higher (+GST)