Which bank gives loans immediately?

In India, buying a house is not easy on the pocket. The big house costs a little more sometimes. Many individuals don’t get their dream homes due to money shortages.

Are you looking for your dream house? Because you can apply for a home loan and get your house. This guide will help you look and compare. The list contains the top 10 home loans immediately in India.

Unlike many financial institutions, banks in the list approve home loans quickly. Simple application and quick processing make it close to your house.

These banks are the best and offer facilities in your interests. While comparing, keep interest rate, documents, eligibility and other things in mind. 

Keep reading to know every detail.

Top 10 best home loans in India

Check the best home loan from the list below for immediate access.

S.NO	BANK NAME	PROCESSING COST OF LOAN	INTEREST RATE(IN %)
1.	Kotak Mahindra  Bank	N/A	6.55-7.10
2.	Axis Bank	More than -1% on Rs 10000 loan amount.	7.0-11.0
3.	Union Bank Of India	0.50% on the loan amount.	6.40-7.0
4.	ICICI Bank	0.50-2% on the loan amount or Rs.1500	6.70-7.40
5.	LIC Housing Finance	Rs.10000 on Rs. 50,00,000 and Rs.15000 on above Rs.50,00,000 loan amount.	10.05-10.50
6.	HDFC Bank	0.50% on the loan amount or Rs.3000.	6.70-7.40
7.	State Bank of India	0.35% on the loan amount, maximum – Rs.2000 and minimum – Rs.10000	7.0-7.55
8.	PNB Housing Finance	1%  on the loan amount and a minimum of Rs.10000. Banks take Rs.3000 on the property until the home loan approves.
9.	Indiabulls Bank	2% of the loan amount	7.60 Onwards
10.	Canara Bank	N/A	6.90-9.90

You must keep checking the interest rates regularly. It helps you know the change in rates. You should check the detailed information on each bank. It will let you know the pros and cons.

1. Kotak Mahindra Bank

The Uday-Kotak scheme has branched to 100 places in India. It is the number one quick-private loan service. It provides giving lowest interest rates with no processing fees.

• The bank decides the loan amount.
• The eligible age is 18-65 years.
• Aadhar card, Pan Card, original sales deed copy, education certification, NOC, ITR. P& L statement as identity and income proofs.
• Loan tenure is 20 Years.

2. Axis Bank

Axis bank offers instant home loans online and offline. The interest rates are fixed and known for the property verification process. 

• The loan amount is up to 3 Crore.
• The eligible age is 21-60 years.
• Aadhar card, Pan Card, original sales deed copy, education certification, NOC, ITR. P& L statement as identity and income proofs.
• Loan tenure is 30 Years.

3. Union Bank Of India

Buying a new house or revamping the old one, SBI approves home loans for all. You can apply for a home loan with the plot papers.

You can even apply it to buying big appliances for your home, like solar panels, to save electricity count under the home loan.

• The loan amount is RS.30 lakh to Rs.20 Crore.
• The eligible age is 18-65 years.
• Aadhar card, Pan Card, original sales deed copy, education certification, NOC, ITR. P& L statement as identity and income proofs.
• Loan tenure is 30 Years.

4. ICICI Bank 

Fast approval and simple application is the second name of ICICI home loan. The bank allows you to pay particle payments in between to lower the interest amount. You can choose from a wide range of home loans.

• The loan amount is up to Rs.5 Crore.
• The eligible age is 21-70 years.
• Aadhar card, Pan Card, original sales deed copy, education certification, NOC, ITR. P& L statement as identity and income proofs.
• Loan tenure is 30 Years.

5. LIC Housing Finance

LIC offers home loans in exchange for mortgages. You can apply for a loan from various ranges. Bank calculates interest rates in a declining manner every month.

• The loan amount is Rs.1 Lakh onwards.
• The eligible age is 21-70 years.
• Aadhar card, Pan Card, original sales deed copy, education certification, NOC, ITR. P& L statement as identity and income proofs.
• Loan tenure is 30 Years.

6. HDFC Bank 

HDFC home loan provides door-to-door service. You can apply online with easy application and get an instant loan. You can use a home loan to buy and build a big house with competitive interest rates.

• The loan amount is up to Rs.10 Crore.
• The eligible age is 21-70 years.
• Aadhar card, Pan Card, original sales deed copy, education certification, NOC, ITR. P& L statement as identity and income proofs.
• Loan tenure is 30 Years.

7. State Bank of India

State bank of India approves home loans fast. It only takes time for property paper verification. SBI is known for property authenticity checks. 

Once SBI approves your papers, your papers are legally 100% authentic for future loans. The state bank offers construction, top-ups and renovation home loan.

You may check the new floating rate and SBI Maxgain. The interest rates are cheaper than others. It helps you recalculate your interest with a declining principal amount.

• The bank decides the loan amount.
• The eligible age is 18-70 years.
• Aadhar card, Pan Card, original sales deed copy, education certification, NOC, ITR. P& L statement as identity and income proofs.
• Loan tenure is 30 Years.

8. PNB Housing Finance

Some popular home loans by Punjab National Bank are home extension, construction, and revamping. You can ask for an appraisal on the home loan if the cost rises. This facility helps in home development.

• The loan amount is up to Rs.35 Lakhs.
• The eligible age is 18-60 years.
• Aadhar card, Pan Card, original copy of sales deed, education certificate, NOC, ITR. P& L statement as identity and income proofs.
• Loan tenure is 30 Years.

9. Indiabulls Bank

The bank covers home loans in a large range. It charges a 2% processing fee interest on the declining principal amount.

• The loan amount is up to Rs.15 Crore.
• The eligible age is 21-65 years.
• Aadhar card, Pan Card, original sales deed copy, education certification, NOC, ITR. P& L statement as identity and income proofs.
• Loan tenure is 30 Years.

10. Canara Bank

The bank has over 10390 branches across India. You can apply for a home loan online or offline. It has a minimum-step application for an instant loan.

• The loan amount is up to Rs.10 Crore.
• The eligible age is 21-55 years.
• Aadhar card, Pan Card, original sales deed copy, education certification, NOC, ITR. P& L statement as identity and income proofs.
• Loan tenure is 30 Years.

Conclusion

You have learned about the best home loan from top banks. Now you can apply and get a loan immediately. Note your requirements and choose the best home loan. 

Study the terms and conditions properly for a clear picture of the loan. Prepare your documents and legally authenticate them for a better future. You can check the eligibility online and apply at your ease.

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