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Top 10 Companies in India Providing Home Loan

When it comes to getting a Home Loan, there are many companies available in the market that can provide exciting offers on Home Loan at attractive interest rates. However, it’s not easy to distinguish which company is providing the best offer. Usually, what an individual does is, it goes for the Home Loan from a reputed bank or financial institution. These companies and bank have already made a name for itself in the market due to its customer-friendly policies and the ease of getting a loan from them. You might find individual new companies or plans in the market that provides a better offer than these.

However, since they are new, there is no way of knowing whether they are good at after service and can provide better customer satisfaction. In the case of known or branded companies, people already trust them and have been using their services for a long time. Since these companies, know the basics about how a Home Loan works, they understand what the customer needs and how a Home Loan policy should be designed to earn profit and give the customer ease of repaying the loan. The best choice is always the companies you have most heard of in terms of providing excellent and fast loans.

These companies not just provide quick loans, but their after service is excellent as well. They give the customer with every possible help and flexibility to pay their loan amount. Also, since these companies have considerable capital, they can provide an individual with offers that are not available with other companies. Let’s discuss some of the most relevant and known companies which are preferred by individuals when it comes to Home Loan.

HDFC (Housing Development Finance Corporation): HDFC needs no introduction in the market or for an individual. This is one of the most reputed Indian banks in the world and one of the most successful. It specializes in loans for Housing, rural lands and other housing constructions. The best part about their Home Loan is flexible payments over EMI and quick hassle-free Loan approval. If you are out for a Home Loan, then this will be the first name that you will hear for the same.

SBI(State Bank of India): If you have heard the name banking, then it is not possible without hearing the name of SBI. One of the oldest government banks in existence, it is also one of the most successful ones. This bank can provide any loans, especially Home Loan with attractive interest rates and hassle-free procedures. It also includes loan tenure of up to 30 years, which is the highest offered by anyone. However, it does not provide any pre-closure of the loan.

India bulls Housing Finance Company: Yes, it might come as a surprise to you, but this institution is the second largest when it comes to providing Home Loan. Also, it provides some exciting Home Loan offers when compared to others in the market. It provides pre-closure and high amount as Home Loan. Also, their approval for Home Loan is the fastest when compared to other companies in the market.

ICICI: When it comes to big private banks which provide the best Home Loan, ICICI is not behind. It is one of the oldest and best banks to get a Home Loan from. The best thing about the services from ICICI is doorstep services. The executive will come to your home and provide all the necessary information and will collect the required documents. Once the approval is received, the amount will be directly handed over to you through the account.

PNB Housing Finance: Punjab National Bank or PNB is one of the most known names in the banking industry and recognized by many as a trusted bank. With other types of loans offered by them, they also provide Home Loan. They have also recently started advertising about their Home Loan, more than ever. They provide various repayment options for the loan, depending on the choice of the customer. Also, they provide doorstep assistance and instant approval on Home Loan.

LIC Housing Finance: Who doesn’t know the name of LIC when it comes to investment and loans. It is one of the best and oldest companies in India when it comes to secure financing and loans with attractive rates. They provide one of the best Home Loan schemes and has zero fees on pre-closure and processing. This is one of the most reliable companies when it comes to opting for a Home Loan.

Bank Of Baroda: This is one of the oldest banks in existence but has become more popular in the last few years. The bank offers many different schemes and variation on Home Loan and provides flexible Home Loan for customers. Higher Loan amount and tenure is the best feature of Home Loan by them. Also, if a customer wants, they can provide a top-up over the existing loan.

Axis Bank: Earlier known as UTI bank, Axis bank is one of the most trusted banks among Indian customers. It is the third-largest bank in the private sector and provides many different types of flexible Home Loan to the customers. It gives a Home Loan transfer facility and quick Home Loan approvals.

L&T Finance limited: L&T is associated with the construction of infrastructure such as highways. However, it has also entered the housing loan industry and provides such excellent features in Home Loan. Quick approval and processing, and loan up to 10 cores are one of its most prominent features.

These are some of the best institutions, banks, and companies that can provide attractive offers on Home Loan. Each company offers flexible payment options, higher loan amount, and easy top-ups over the existing loans. If you are looking out to get a Home Loan, these are your best and the most reliable options available in the market. Before selecting one, go through the offers and terms and conditions of each company.

 

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