Best Indian Housing Finance Companies

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Banks and non-banking financing organizations (NBFCs) both offer house loans. NBFCs include Housing Finance Companies (HFCs). By contrasting the duration, interest rate, and processing costs of each offer, you can decide between a bank and an HFC. Here are some of the best house finance companies in the nation.

Top Indian Housing Finance Companies List

Housing Finance from HDFC

Among the many house loan choices that HDFC Housing Finance provides are loans for plots of land, loans for rural homes, loans for home modifications, and loans for home additions. A mortgage's initial interest rate is 8.65%. Salary- and self-employed Indian citizens between the ages of 18 and 65 are eligible for the home loan schemes.

Interest Rates on the Loan Amount (p.a.)

The LIC Housing Finance Corporation

LIC Housing Finance offers affordable house loans to pensioners, NRIs, and natives of India. Purchases, construction endeavors, augmentations, house repairs, site purchases, and top-up loans are all eligible for financing. A few benefits offered by LIC Housing Finance include flexible repayment plans, quick loan processing, no processing costs, no pre-closure fees, and no partial pre-payment fees.

Limited by Indiabulls Housing

Indiabulls Housing offers home loans with speedy approvals and affordable interest rates for durations of up to 30 years. Among its benefits are the absence of pre-closure fees, changeable tenure choices, and pre-payment costs. The interest rate is in the 8.95% to 13% per annum range. Between 0.50% and 1% of the loan amount is the processing fee.

Incorporated L&T Housing Finance

Building, renovation, and home extension projects can all be funded with home loans from L&T Housing Finance at competitive interest rates. The loan amount ranges from Rs. 3 lakh to Rs. 10 crore, with a maximum 20-year repayment duration. Loans for homes are accessible up to 90% of the property's value. Fast and straightforward loan processing, quick online loan approval, cheap interest rates, minimal documentation needs, a range of repayment options, and no pre-payment penalties are just a few of the advantages offered by L&T Housing Finance.

Housing Finance IIFL Limited

Home loans from IIFL Housing Finance Limited are available with tempting interest rates starting at 8.20% p.a. Twenty years is the maximum repayment period. The home loan is open to all citizens of India between the ages of 18 and 75, including NRIs and self-employed individuals. The business offers a variety of home loan solutions, including debt transfers and home enhancement loans. For those without official income records, there is also a specific lending product called the Swaraj Home lending.

Housing Finance by Tata Capital Limited

Home loans are available from Tata Capital Housing Finance Limited starting at 8.95% p.a. Those who are salaried or self-employed, have a CIBIL Score of at least 750, and are between the ages of 24 and 65 (at the time the loan is completed) are eligible. NRIs are also qualified for a mortgage. The maximum amount for a home loan is Rs. 5 crore, with a 30-year maximum payback period. You can get a house loan for up to 80% of the value of the property. The organization also provides flexible repayment alternatives, including step-up flexi EMI plans for individuals whose income is anticipated to increase frequently or regularly and standard EMI plans for those whose income will remain steady throughout.

Home Finance PNB Limited

Indians can apply for a home loan from PNB Housing Finance at a competitive interest rate whether they are residents or not. It provides house loans under several programs that are geared toward the general public, government workers, and others.

India Property Loan Limited (IHLL) offers mortgage loans in the affordable housing market that can be applied for building, buying, renovating, or expanding a property. Home loan amounts may not exceed 80% of the cost of the property and may range from Rs. 1 lakh to Rs. 20 lakh. This house loan is intended for people who are self-employed, from economically disadvantaged groups and lack official income verification. A co-applicant who is likewise employed can raise the loan amount. The repayment period lasts until the borrower reaches age 60 or retirement age, whichever comes first (for self-employed people, this age is 65).

Housing Finance Sahara

Home loan programs are offered by Sahara Housing Finance to other people as well as self-employed professionals and self-employed non-professionals. The eligibility age ranges from 21 to 65 years of age. The highest loan amount is Rs. 1 crore, with a maximum repayment period of 20 years. Up to 80% of the cost of the property may be borrowed. These mortgages can be used to purchase ready-to-move-in or under-construction real estate, for self-built homes, or to make repairs, renovations, or additions to an existing residential unit. Physically challenged people are eligible for a 0.5% discount off the general interest rate.

Housing Finance by Tata Capital Limited

Home loans are available from Tata Capital Housing Finance Limited starting at 8.95% p.a. Those who are salaried or self-employed, have a CIBIL Score of at least 750, and are between the ages of 24 and 65 (at the time the loan is completed) are eligible. NRIs are also qualified for a mortgage. The maximum amount for a home loan is Rs. 5 crore, with a 30-year maximum payback period. You can get a house loan for up to 80% of the value of the property. The organization also provides flexible repayment alternatives, including step-up flexi EMI plans for individuals whose income is anticipated to increase frequently or regularly and standard EMI plans for those whose income will remain steady throughout.

Limited by GIC Housing

Individual housing loans, composite loans, balance transfer loans, house extension loans, and renovation/repair loans are all offered by GIC Housing Finance Limited. Starting interest rates are 8.10% p.a. With the home loan comes free accidental death insurance and free property insurance. Online loan applications and approvals are possible with little paperwork.