best bank for home loans -List Of 10 Best Bank for Home Loan in India 2020

10 Best Bank for Home Loan in India 2020 (Review & Comparison)



After research, I have listed the best home loan in India in this article.
Before moving to the list, let’s discuss Factors You Should Consider before Choosing a Best Bank for Home Loan in India


#1. Interest Rate
Interest rate is the most important factor for a home loan. Even a slight difference of 0.5% in the interest rate can make a huge difference.

#2. Processing Fees
Check with your bank if they charge a fixed amount or a percentage of the loan value as processing fees.
This fee is just for processing your application and does not guarantee loan approval or disbursal.

#3. Legal Fees
Some banks charge legal fee to verify the property documents.

#4. Pre-closure Charges
Some banks put a clause that you cannot pre-close your loan or that you have to pay an additional amount to pre-close the loan.

#5. Loan-To-Value (LTV) Ratio
This indicates the proportion of the property value which the bank is ready to finance. Your bank may finance anywhere between 75%-90% of the property value.

#6. Part-Payment Rules
Many banks/HFCs put rigid rules for part payment and also put a clause limiting the amount or the percentage of the loan that can be prepaid.

#7. Insurance Cover
You can also buy an insurance cover for your home loan. Note, it’s optional, not mandatory to buy insurance. Be careful if bank insist you on buying insurance.


  • Best Bank for Home Loan in India 2020

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Home Loan

    • #1. ICICI Bank Home Loan
    • #2. State Bank of India Home Loan
    • #3. HDFC Bank Home Loan
    • #4. Axis Bank Home Loan
    • #5. Dewan Housing Finance Ltd. (DHFL)
    • #6. Indiabulls Home Finance
    • #7. LIC Housing Finance Home Loan
    • #8. PNB Housing Finance
    • #9. Bank of Baroda Home Loan
    • #10. Aditya Birla Capital Home Loan
    • #11. Tata Capital Home Loan
  • Tips for You When to go About Choosing a Home Loan
  • Final Words




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