Best Home Loan In India

Want to know which is the Best Home loan provider in India for March 2017?

Building or buying home is a dream of every person. Do you want to fulfill your dream of having your own house?Now, changing your dream into reality is possible with OneClickFinance! We believe in loans by choice and not by chance. At OneClickFinance, We give you a chance to compare the best offerings in the market and make the best possible choice.

Latest Update as on 12 Jan 2017 – Great News!! Bank of Baroda offers lowest rates in market 8.35% its around .25% lower than SBI. Wow!! what a great news for home loan borrowers, interest rates coming down to 8.60% which is the lowest of last 6 years. Now SBI is the king of home loan market with 8.50% ROI for women & 8.55% for others. Fixed rate starts from 8.50% for first two years. EMI coming down to 768 per lakh

Interest rates for the month of March 2017

Bank Name Interest Rate
HDFC LTD 8.65% - 8.75%
ICICI Bank 8.65% - 8.85%
PNB Housing 8.45% - 8.50%
Axis Bank 8.65% - 8.70%
LIC Housing 8.50% - 8.90%
Allahabad 8.85%
Bank Name Interest Rates
IDBI Home Loan 9.15%-9.20%
Bank Of India 8.65% – 8.70%
Canara Bank 8.65%-8.75%
Syndicate Bank 8.75%
Bank of Baroda 8.35% - 8.55%
City Bank 8.80% – 9.30%

banks that are currently favorite of home loan borrowers as per ICRA

S No. Bank Name Market Percentage
1 SBI Home Loan 25.50%
2 HDFC Ltd 24.13%
3 LIC Housing 15.83%
4 ICICI Bank 13.10%
5 PNB Housing Finance 6.23%
6 IDBI Home Loan 4.67%
7 Axis Bank 4.22%
8 Others 6.32%

banks that are currently favorite of home loan borrowers as per ICRA

Lender Loans in Crore Market Share
HDFC Ltd 176000 16.60%
SBI 170899 16.20%
ICICI Bank 99327 9.40%
Axis Bank 57335 5.40%
DHFL 38964 3.70%
Can Fin 9278 0.90%
LIC HFL 114069
Indiabulls 58224
GIC Housing 7224 0.70%
Bank Processing Fees Pre Payment Charges
ICICI Bank 0.50% – 1.00% of the loan amount or Rs. 1500/- (Rs. 2000/- for Mumbai, Delhi & Bangalore), whichever is higher + applicable Service Tax & Surcharge Nil
HDFC Ltd 0.5% or 10,000+service tax, whichever is higher Nil
SBI Home Loan Nil till 31.03.2017 Nil
Axis Bank Up-to 1% of the loan amount subject to minimum of Rs.10,000/- Nil
LIC Housing Up to 50 lacs : 10,000 +(Service tax) 50 lacs & above : 15,000 +(service tax) Nil
IDBI Home Loan Nil Nil
PNB Home Loans 0.50% of the loan amount Nil
Allahabad Bank 0.50% of the loan amount or maximum of Rs 10,000/- + service tax NA
Citibank Rs.5000 (Application fee) Nil
Syndicate Bank 0.12% of the loan amount or maximum Rs 5,000 0.12% of the loan amount or maximum Rs 5,000 NA NA
Punjab National Bank Nil Nil
Bank of Baroda 0.25% of the loan amount or maximum of Rs 20,000 NA

Eligibility Calculator: How much loan am I eligible for?

Ease of Home Loan Processing

The procedure to apply for home loan is a bit time consuming. You have to submit a large set of income and property related documents and the approval of the loan differs from bank to bank. There are many agents who specialize in the bank processes, but the credibility of such agents is under question. So, to choose the best bank to apply for home loan as per your convenience, you must do a little research in advance. Keeping in mind the above things, you can surely save yourself from wasting your time as well as from fraud agents. We at are available for your service through this process and to guide you in making a diligent choice between Good and Bad loan.