{"id":8654,"date":"2022-11-28T12:44:36","date_gmt":"2022-11-28T12:44:36","guid":{"rendered":"https:\/\/www.homebazaar.com\/knowledge\/?p=8654"},"modified":"2026-04-24T12:45:03","modified_gmt":"2026-04-24T12:45:03","slug":"best-banks-for-home-loans-in-india","status":"publish","type":"post","link":"https:\/\/www.homebazaar.com\/knowledge\/best-banks-for-home-loans-in-india\/","title":{"rendered":"Top 10 Best Banks for Home Loans in India 2026"},"content":{"rendered":"<h2><span style=\"font-weight: 400\">How to Choose the Best Bank for a Home Loan in India<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Choosing the best home loan bank is not only about low interest rates. You should compare multiple factors before deciding which bank is best for a home loan.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Key factors to consider:<\/span><span style=\"font-weight: 400\"><br \/>\n<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Interest Rate: Lower rates reduce your overall loan cost.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Processing Fee: Varies by bank and borrower profile.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Loan Tenure: Longer tenure means lower EMI but higher interest.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Eligibility Criteria: Depends on income, age, and credit score.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Customer Service: Faster processing and support matters.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400\">Top 10 Best Banks for Home Loans in India 2026<\/span><\/h2>\n<h2><span style=\"font-weight: 400\">SBI Bank<\/span><\/h2>\n<p><span style=\"font-weight: 400\">State Bank of India is one of the most trusted lenders in India offering affordable home loan options with flexible repayment terms. <\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Overview\u00a0<\/b><\/td>\n<td><b>Details\u00a0<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Eligibility<\/span><\/td>\n<td><span style=\"font-weight: 400\">Salaried &amp; self-employed individuals\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Age Limit\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">18 to 70 years\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Loan Tenure\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">Up to 30 years\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Interest Rate\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">7.40%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Processing Fee\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">\u20b915,000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Prepayment Charges\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">Nil for floating-rate loans<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"color: #1d1f20;font-size: 1.563em\">SBI Home Loan Charges and Other Fees Applicable<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Legal and technical charges.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Property valuation fees.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Documentation charges.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Stamp duty and registration charges.<\/span><\/li>\n<\/ul>\n<p>Also, you can check your <a href=\"https:\/\/www.homebazaar.com\/home-loan-eligibility-calculator\" target=\"_blank\" rel=\"noopener\">Home Loan Eligibility Here<\/a>.<\/p>\n<h3><span style=\"font-weight: 400\">Benefits of Taking a Home Loan from SBI<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Competitive interest rates.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">No foreclosure charges on floating-rate loans.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Trusted government-backed bank.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Wide branch network across India.<\/span><\/li>\n<\/ul>\n<p>Also, check out the <a href=\"https:\/\/www.homebazaar.com\/knowledge\/hdfc-vs-sbi-bank-home-loan\/\">Comparison Between HDFC Vs SBI Bank Home Loan<\/a><\/p>\n<h2><span style=\"font-weight: 400\">HDFC Bank<\/span><\/h2>\n<p><span style=\"font-weight: 400\">HDFC Bank is one of the leading private lenders in India, known for quick processing and flexible home loan options for both salaried and self-employed individuals.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Overview\u00a0<\/b><\/td>\n<td><b>Details\u00a0<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Eligibility<\/span><\/td>\n<td><span style=\"font-weight: 400\">Salaried &amp; self-employed individuals\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Age Limit\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">18 to 70 years\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Loan Tenure\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">Up to 30 years\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Interest Rate\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">7.30%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Processing Fee\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">\u20b98,960\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Prepayment Charges\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">Nil for floating-rate loans<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span style=\"font-weight: 400\">HDFC Home Loan Charges and Other Fees Applicable<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Legal and technical verification charges.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Property valuation fees.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Documentation charges.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Stamp duty and registration charges.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400\">Benefits of Taking a Home Loan from HDFC Bank<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Competitive interest rates.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Faster loan approval and disbursal.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Flexible repayment options.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Strong customer support and digital process.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400\">Axis Bank<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Axis Bank offers flexible home loan options with competitive rates and a smooth digital application process.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Overview\u00a0<\/b><\/td>\n<td><b>Details\u00a0<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Eligibility<\/span><\/td>\n<td><span style=\"font-weight: 400\">Salaried &amp; self-employed individuals with stable income and good CIBIL score\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Age Limit\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">21 to 70 years\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Loan Tenure\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">Up to 30 years\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Interest Rate\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">7.40% p.a.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Processing Fee\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">\u20b912,000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Prepayment Charges\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">Nil for floating-rate loans<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span style=\"font-weight: 400\">Axis Bank Home Loan Charges and Other Fees Applicable<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The processing fee varies based on loan amount and profile.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Legal &amp; technical verification charges applicable.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Prepayment charges: Usually not applicable for floating-rate loans.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400\">Benefits of Taking a Home Loan from Axis Bank<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Easy online application process.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Flexible repayment options.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Quick loan approval and disbursal.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Customized loan solutions based on borrower profile.<\/span><\/li>\n<\/ul>\n<p>You can apply for a quick &amp; completely assisted <a href=\"https:\/\/www.homebazaar.com\/homeloans\">Home Loan Here.<\/a><\/p>\n<h2><span style=\"font-weight: 400\">LIC Housing Finance<\/span><\/h2>\n<p><span style=\"font-weight: 400\">LIC Housing Finance is a well-known lender backed by LIC, offering stable and affordable home loan options.\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Overview\u00a0<\/b><\/td>\n<td><b>Details\u00a0<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Eligibility<\/span><\/td>\n<td><span style=\"font-weight: 400\">Salaried &amp; self-employed individuals with stable income and good CIBIL score\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Age Limit\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">21 to 70 years\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Loan Tenure\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">Up to 30 years\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Interest Rate\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">7.30% p.a.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Processing Fee\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">\u20b912,000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Prepayment Charges\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">Nil for floating-rate loans<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"color: #1d1f20;font-size: 1.563em\">LIC Housing Finance Home Loan Charges and Other Fees Applicable<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Legal &amp; technical verification charges applicable.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Documentation and administrative charges may apply.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">CERSAI, MOD, and other statutory charges as applicable.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400\">Benefits of Taking a Home Loan from LIC Housing Finance<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Competitive interest rates.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Trusted brand with strong credibility.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Flexible repayment options.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Simple documentation process.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400\">IDBI Bank<\/span><\/h2>\n<p><span style=\"font-weight: 400\">IDBI Bank offers affordable home loan options with flexible repayment terms and competitive interest rates.\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Overview\u00a0<\/b><\/td>\n<td><b>Details\u00a0<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Eligibility<\/span><\/td>\n<td><span style=\"font-weight: 400\">Salaried &amp; self-employed individuals with stable income and good CIBIL score\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Age Limit\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">21 to 70 years\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Loan Tenure\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">Up to 30 years\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Interest Rate\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">7.60%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Processing Fee\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">\u20b912,000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Prepayment Charges\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">Nil for floating-rate loans<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"color: #1d1f20;font-size: 1.563em\">IDBI Bank Home Loan Charges and Other Fees Applicable<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Legal &amp; technical verification charges applicable.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Documentation and administrative charges may apply.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">CERSAI, MOD, and other statutory charges are applicable.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400\">Benefits of Taking a Home Loan from IDBI Bank<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Competitive interest rates.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Flexible repayment tenure.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Suitable for both salaried and self-employed borrowers.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Easy loan processing with digital support.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400\">IOB Bank<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Indian Overseas Bank offers competitive home loan options, especially known for relatively lower interest rates among public sector banks.\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Overview\u00a0<\/b><\/td>\n<td><b>Details\u00a0<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Eligibility<\/span><\/td>\n<td><span style=\"font-weight: 400\">Salaried &amp; self-employed individuals with stable income and good CIBIL score\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Age Limit\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">21 to 70 years\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Loan Tenure\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">Up to 30 years\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Interest Rate\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">7.20%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Processing Fee\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">\u20b925,000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Prepayment Charges\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">Nil for floating-rate loans<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span style=\"font-weight: 400\">IOB Home Loan Charges and Other Fees Applicable<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Legal &amp; technical verification charges applicable.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Documentation and administrative charges may apply.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">CERSAI, MOD, NOI, and other statutory charges are applicable.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400\">Benefits of Taking a Home Loan from IOB<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Competitive interest rates.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Trusted public sector bank.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Flexible repayment tenure.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Suitable for a wide range of borrowers.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400\">Union Bank of India\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Union Bank of India offers affordable home loan options with competitive interest rates and flexible repayment terms.\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Overview\u00a0<\/b><\/td>\n<td><b>Details\u00a0<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Eligibility<\/span><\/td>\n<td><span style=\"font-weight: 400\">Salaried &amp; self-employed individuals with stable income and good CIBIL score\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Age Limit\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">21 to 70 years\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Loan Tenure\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">Up to 30 years\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Interest Rate\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">7.10%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Processing Fee\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">\u20b925,000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Prepayment Charges\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">Nil for floating-rate loans<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span style=\"font-weight: 400\">Union Bank Home Loan Charges and Other Fees Applicable\u00a0<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Legal &amp; technical verification charges applicable.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Documentation and administrative charges may apply.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">CERSAI, MOD, NOI, and other statutory charges are applicable.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400\">Benefits of Taking a Home Loan from Union Bank of India<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Among the lower starting interest rates<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Flexible repayment tenure.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Trusted public sector bank.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Suitable for both salaried and self-employed applicants.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400\">Sammaan Capital Home Loan<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Sammaan Capital Housing Finance offers home loans with flexible eligibility criteria, often suitable for a wider range of borrower profiles.\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Overview\u00a0<\/b><\/td>\n<td><b>Details\u00a0<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Eligibility<\/span><\/td>\n<td><span style=\"font-weight: 400\">Salaried &amp; self-employed individuals with stable income and good CIBIL score\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Age Limit\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">21 to 70 years\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Loan Tenure\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">Up to 30 years\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Interest Rate\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">8.70%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Processing Fee\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">Up to 1% of the loan amount<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Prepayment Charges\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">Nil for floating-rate loans<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span style=\"font-weight: 400\">Sammaan Capital Home Loan Charges and Other Fees Applicable<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Legal &amp; technical verification charges applicable.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Documentation and administrative charges may apply.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">CERSAI, MOD, NOI, and other statutory charges are applicable.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400\">Benefits of Taking a Home Loan from Sammaan Capital Housing Finance<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Flexible eligibility criteria.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Suitable for self-employed and non-traditional income profiles.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Faster loan processing in many cases.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Customised loan offerings.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400\">Kotak Mahindra Bank\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Kotak Mahindra Bank offers flexible home loan solutions with competitive rates and a strong digital application process.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Overview\u00a0<\/b><\/td>\n<td><b>Details\u00a0<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Eligibility<\/span><\/td>\n<td><span style=\"font-weight: 400\">Salaried &amp; self-employed individuals with stable income and good CIBIL score\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Age Limit\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">21 to 70 years\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Loan Tenure\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">Up to 30 years\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Interest Rate\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">7.60%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Processing Fee\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">0.25% of the loan amount<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Prepayment Charges\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">Nil for floating-rate loans<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span style=\"font-weight: 400\">Kotak Home Loan Charges and Other Fees Applicable<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Legal &amp; technical verification charges applicable.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Documentation and administrative charges may apply.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">CERSAI, MOD, NOI, and other statutory charges applicable.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400\">Benefits of Taking a Home Loan from Kotak Mahindra Bank\u00a0<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Competitive interest rates.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Digital loan application and faster processing.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Flexible repayment options.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Suitable for both salaried and self-employed borrowers.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400\">Bank of Baroda<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Bank of Baroda is a trusted government bank offering home loans with competitive rates, low processing charges, and flexible repayment options.\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Overview\u00a0<\/b><\/td>\n<td><b>Details\u00a0<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Eligibility<\/span><\/td>\n<td><span style=\"font-weight: 400\">Salaried &amp; self-employed individuals with stable income and good CIBIL score\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Age Limit\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">21 to 70 years\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Loan Tenure\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">Up to 30 years\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Interest Rate\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">7.30%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Processing Fee\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">\u20b920,000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Prepayment Charges\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400\">Nil for floating-rate loans<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span style=\"font-weight: 400\">Bank of Baroda Home Loan Charges and Other Fees Applicable\u00a0<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Legal &amp; technical verification charges applicable.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Documentation and administrative charges may apply.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">CERSAI, MOD, NOI, and other statutory charges are applicable.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Processing charges may vary by loan slab.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400\">Benefits of Taking a Home Loan from Bank of Baroda<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Competitive interest rates linked to the repo rate.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Low processing charges compared to many lenders.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">No prepayment penalty on floating-rate loans.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Flexible repayment tenure up to 30 years.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Trusted public sector bank with a wide network.<\/span><\/li>\n<\/ul>\n<p>Also, Check out <a href=\"https:\/\/www.homebazaar.com\/knowledge\/home-loan-processing-fee\/\">Home Loan Processing Fee in 2026 and Other Charges<\/a><\/p>\n<p><b><i>Interest rates, processing fees, and charges mentioned are indicative and may vary based on applicant profile, CIBIL score, loan amount, and lender policies as on date.<\/i><\/b><\/p>\n<h6>Disclaimer: With 12+ years of experience &amp; expertise in the real estate industry, Homebazaar provides end-to-end property-buying solutions. Hundreds of 100% verified RERA-registered residential &amp; commercial properties are listed on our website. We provide facilities like Zero brokerage, 360\u00b0 virtual street view, effortless site visit services, end-to-end property buying agreements &amp; documentation guidance, and low-interest home loan assistance. This helped us gain the trust of 1,25,000+ clients across India &amp; sold 9,500+ homes of top reputed developers while saving Rs. 210+ Crores of brokerage<\/h6>\n<h2><b>FAQs<\/b><\/h2>\n<table>\n<tbody>\n<tr>\n<td><b>What is the processing fee for a home loan in India?<\/b><span style=\"font-weight: 400\"><br \/>\n<\/span><span style=\"font-weight: 400\">The processing fee for a home loan is a one-time charge levied by banks to process your loan application. It typically ranges between 0.25% to 1% of the loan amount, depending on the lender and borrower profile.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Is the home loan processing fee refundable?<\/b><span style=\"font-weight: 400\"><br \/>\n<\/span><span style=\"font-weight: 400\">No, the processing fee is generally non-refundable, even if your loan application is rejected or you choose not to proceed. This is because it covers administrative and verification costs.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Are there any prepayment charges on home loans?<\/b><span style=\"font-weight: 400\"><br \/>\n<\/span><span style=\"font-weight: 400\">As per guidelines by the Reserve Bank of India, no prepayment or foreclosure charges are applicable on floating-rate home loans for individual borrowers. However, charges may still apply for fixed-rate loans or non-individual borrowers.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Which bank is best for a home loan in India? <\/b><span style=\"font-weight: 400\"><br \/>\n<\/span><span style=\"font-weight: 400\">There is no single best bank for everyone. The best home loan bank depends on:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Your CIBIL score<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Income profile<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Loan amount<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Processing fees and interest rate<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Public sector banks often offer lower rates, while private banks and NBFCs may provide faster processing and flexible eligibility.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How to Choose the Best Bank for a Home Loan in India Choosing the best home loan bank is not only about low interest rates. You should compare multiple factors before deciding which bank is best for a home loan. Key factors to consider: Interest Rate: Lower rates reduce your overall loan cost. Processing Fee: [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":20962,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23,1],"tags":[1663,1658,1660,195,1661,1659,1662],"class_list":["post-8654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home-loan","category-pan-india","tag-axis-bank-home-loan","tag-best-banks-for-home-loans","tag-hdfc-bank-home-loan","tag-home-loan","tag-kotak-mahindra-bank-bank-home-loan","tag-sbi-bank","tag-union-bank-home-loan"],"_links":{"self":[{"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/posts\/8654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/comments?post=8654"}],"version-history":[{"count":18,"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/posts\/8654\/revisions"}],"predecessor-version":[{"id":20964,"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/posts\/8654\/revisions\/20964"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/media\/20962"}],"wp:attachment":[{"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/media?parent=8654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/categories?post=8654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.homebazaar.com\/knowledge\/wp-json\/wp\/v2\/tags?post=8654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}