SBT HOME LOAN

SBT or State bank of Travancore is a part of the State Bank of India. It provides home loans to everyone with good income and good credit history. To buy a new flat/house for loan amount upto Rs. 30 lakhs the bank provides 80% of the value of the property and above Rs. 30 lakhs and upto Rs. 3 crores it provides upto 75% of the value of the property as loan. The loan component for purchase of the plot will be 50% of the total project cost upto Rs.75 lac and 30% of the project cost above Rs.75 lac or 80% of the land value whichever is lower.

The maximum repayment term is 30 years or upto the applicant age is 70 years, whichever is earlier. Processing fees for the loan is nil upto a loan amount of Rs. 25, 000; 0.55% for a the loan amount of Rs. 20, 000 to Rs. 2 lakhs upto a maximum of Rs. 500 and above Rs. 2 lakhs 0.55% with a ceiling of Rs. 10, 000. No pre-payment charge are levied by the bank. The interest rate for the loan is 11.25%. To complete a well-rounded financial foundation, have the attitude of never pay full price and make the most of consumer loans.

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Bank of Maharashtra Home Loan

Bank of Maharashtra has various products for home loan. It provides home loan to salaried and self-employed person with good income and good credit history. The loan amount that can borrowed as home loan from it has no limit for urban areas and maximum Rs. 15 lakhs for semi urban/rural areas. The loan amount that can be borrowed by an applicant is determined by his borrowing capacity and income.

The repayment tenure for the home loan is maximum of 20 years and the age of the applicant should not be less than 21 years and maximum of 50 years for salaried persons and 55 years for other than salaried persons. The processing fees is Rs. 1000 for a loan upto Rs. 5 lakhs, Rs. 2500 for a loan between 5 lakhs to Rs. 15 lakhs and Rs. 5000 for the loan amount above Rs. 15 lakhs. The rate of interest on the home loan is 11.20% floating.

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Bank of Baroda Home Loan

Among other types of loans BANK OF BARODA also provide home loan to its customers. BANK OF BARODA offers home loans at repayment tenure of 25 years maximum. The maximum age of the loanee should not be more than 60 years for salaried persons and 65 years for the self-employed persons at the time of maturity of loan. The loan amount can be upto the 80% of the value of property which you want to buy. The property should be legal approved and should not be disputed. The property for which the loan is being taken will be collateral for the loan itself.

Salaried, self-employed and NRIs are all eligible for the loan according to their income. If your spouse is working you can also make him/her a co-applicant for the loan. With the home loan they also offer an insurance cover for the loan in case of any calamities or accidents. A processing fee of 0.5% of the loan amount with a ceiling of Rs. 5000 for up to Rs. 30 lakhs and 0.4% with a ceiling of Rs. 50, 000 above it. Interest rate of 11.75% of floating type is levied by the bank.

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Axis Home Loan

Axis bank also offers home loans among other loans. It offers home loan for a maximum of 20 years repayment tenure for its customers. Your age should be minimum of 24 years to take the loan at the time of loan start and a maximum of 60 years at the time of the maturity of the loan. There is also making someone a co-applicant of the loan without him/her being the owner of the property. The loan amount can be a maximum of 85% of the value of the property you want to buy upto a loan of Rs. 20 lakhs and above it 80%. Everyone who is salaried, self-employed or NRI is eligible for the loan for any kind of property approved by the bank according to their income status and credit history.

 A processing fee of 0.5% of the total amount of loan sanctioned plus service tax and cess is charged by the bank. No prepayment charges are levied by the bank on floating type rate of interest. An floating interest rate ranging from 10.75% to 12% is charged according to various factors.

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Kotak Mahindra Home Loan

Kotak Mahindra banks also provides home loan to its customers. It provides the loan to both salaried and self-employed persons. The age of loan applicant should be minimum 21 at the time of sanction of loan and a maximum of 65 years at the time of maturity of the loan with a minimum annual income of Rs. 1, 44, 000. The loan amount is totally dependent on your borrowing capacity and income stability.

The processing fees for the loan is 0.5% of the total loan amount sanctioned. The loan amount can be between Rs. 2 lakhs to Rs. 1 crore and upto 85% of the value of property you want to buy. The loan repayment tenure is between 5 years to 25 years. The rate of interest levied by it is floating and is 11.25% to 11.50%. The property you want to buy with the loan is itself kept as security for loan.

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ING Vysya Home Loan

ING VYSYA also offers home loans among other loans. It offers home loans for a maximum of 20 years repayment tenure for its customers. Your age should be minimum of 23 years to take the loan at the time of loan start and a maximum of 65 years at the time of the maturity of the loan. There is also an option of making someone a co-applicant of the loan without him/her being the owner of the property.

The loan amount can be a maximum of 80% of the value of the property you want to buy from the loan which should be between 3 lakhs to 1 crore. Everyone who is salaried, self-employed is eligible for the loan for any kind of property approved by the bank according to their income status and credit history.

 A processing fees of 0.5% of the total amount of loan sanctioned plus service tax and cess is charged by the bank. A prepayment charge of 2% of the outstanding loan amount are levied by the bank. An floating interest rate of 10.75% is charged by the them on loan.

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Dena Bank Home Loan

Dena bank provides home loans among other facilities to its customers. It provides home loan to both salaried and self-employed people with good income and good credit history and a maximum age of 65 years. The maximum amount that can be borrowed as home loan is 2 crore. It provides a loan upto 80% of the total value of the property you want to buy with the loan amount.

It provides home loan to purchase of house, residential plot & construction on the existing plot. The loan is provided for repayment tenure of upto 20 years. A processing fees of 0.5% of the total loan amount sanctioned is charged by the bank. No prepayment charge is levied by the bank. Interest rate on the loan are floating type and is 11.15% upto a loan amount of Rs. 25 lakhs and above this amount interest rate will be 11.75% to 12.25%.

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Canara Bank Home Loan

Among other types of loans Canara Bank also provide home loan to its customers. Canara offers home loans at repayment tenure of 25 years maximum. The maximum age of the loanee should not be more than 70 years at the time of maturity of loan. The loan amount can be upto the 80% to 85% of the value of property which you want to buy. The property should be legal approved and should not be disputed. The property for which the loan is being taken will be collateral for the loan itself.

Salaried, self-employed and NRIs are all eligible for the loan according to their income. If your spouse is working you can also make him/her a co-applicant for the loan. With the home loan they also offer an insurance cover for the loan in case of any calamities or accidents. The processing fees is 0.5% of the loan amount sanctioned by the bank. In case of pre-payment of the loan no charge will be levied. Interest rate is floating and is 11.75%.

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UCO BANK HOME LOAN

UCO bank provides many facilities to its customers among which home loan is one. They provide this loan to both salaried and self-employed persons. The age of the loan applicant should not be less than 21 years at the time of sanction of loan and it should not be more than 65 years at the maturity of the loan. The loan is provided to purchase construct or renovate a home.

For construction or purchase of a home the maximum loan amount for urban areas is Rs. 1 crore and for rural areas it is Rs. 25 lakhs. For repair or renovation of a house the maximum loan amount is Rs. 25 lakhs for urban areas and Rs. 7.5 lakhs for rural areas. The bankk only provides for 80% of the total project cost as the loan. The prepayment charge for upto 3 years of commence of loan is 2% of the outstanding loan amount after that no prepayment charge is levied. The maximum repayment tenure for the loan is 25 years. The rate of interest on the loan is floating type and is 12.25% to 12.75%.

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Syndicate Bank Home Loan

Syndicate bank is one of the most reputed banks in India. Home loans are among its many services it provides to its customers. It provides the loan for purchase, construct or repair of the property. The loan applicant can be both salaried and self-employed. The loan amount sanctioned by the bank can be maximum upto the 75% of the total value of the property you want to purchase. The maximum age at the maturity of the loan should be 65 years.

The maximum repayment tenure in case the loan is for purchase or construction is 25 years and in case of repair or renovate it is 5 to 7 years. The processing fees charged by the bank for the loan is Rs.700/- per lac or part thereof with a minimum of Rs.1000/- at present. No pre payment charge is levied by the bank on the pre payment of the loan. The rate of interest on the loan is of floating type and is 11% Upto 25 Lacs and 12.50% above 25 lacs of the loan amount.

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