Top 5 Best Banks to take Home Loan:

Top 5 Best Banks to take Home Loan A Home loan is a type of loan provided by banks, financial institutions, and Non-Banking Financial Companies (NBFCs) to help person purchase residential properties by offering it as collateral, Depending on loan terms, the borrower must repay loan balance plus interest in term of EMIs. Here is Top 5 Best Banks Take Home Loan SBI Home Loan: It is considered as best bank for Home Loan in India. Offering Interest rate started from 8.05%-8.55% per year. A loan tenure extension option of up to 30 years guarantees a comfortable repayment period and processing fee of the loan is 0.35% of the loan amount and a maximum of INR 10,000 + GST. HDFC Home Loan: It offers affordable home loan starting interest from 8.60% - 9.50% per year. A loan tenure extension option of up to 30 years and processing fee of the loan is Up to 0.50% of the loan amount or INR 3,000, whichever is higher, plus applicable taxes. Axis Bank Home Loan: It offers good home loan starting interest from 7.60% - 8.05% per year. A loan tenure extension option of up to 30 years and processing fee of the loan is Up to 1% of the Loan amount subject to a minimum of INR 10,000.Upfront processing fee of INR 2,500 + GST. ICICI Home Loan: It offers loan starting interest from 8.40% - 9.45%per year. A loan tenure extension option of up to 30 years and processing fee of the loan is Up to 1.00% of the loan amount + GST. Bank of Baroda Home Loan: It offers one of the best home loan starting interest from 7.45% - 8.80%per year. A loan tenure extension option of up to 30 years and processing fee of the loan is Up to 0.50% of the loan amount or a maximum of INR 7,500 + GST.