Top 10 Home Loan in India 2023

1. SBI Home Loan

The government-run State Bank of India (SBI) is India’s largest mortgage lender With over 65 years of industry experience, SBI has supported over 30 lakh households in their home purchases so far. Founded in 1955, SBI now has over 24,000 branches in India and internationally.

2. HDFC Home Loan

Housing Development Finance Corporation Limited (HDFC) is a Mumbai-based Indian financial services firm. It is a leading provider of housing financing in India. It was created in 1977 with the help of India’s business community as the country’s first specialized mortgage firm and the principal company in the HDFC group of enterprises.

3. ICICI Bank Home Loan

ICICI Bank, the country’s second-largest private lender by market capitalization, was founded in 1994 as a wholly-owned subsidiary of ICICI Limited. ICICI Bank now has 5,288 branches across India and its affordable and amazing features cement its place firmly in the top 10 banks in India for home loans.

4. Axis Bank Home Loan

Axis Bank, a significant private sector bank founded in 1993, now has over 5,617 branches in India and worldwide. Further, Axis Bank provides its high-value loan clients with EMI Holidays. Fast Forward Home Loan borrowers receive a 6-month EMI break after 10 and 15 years However, this is only applicable if they maintain a consistent payment record throughout the loan tenure.

5. Kotak Mahindra         Home Loan

Uday Kotak-led banks have over 100 branches in India and are fast-growing private lenders. Kotak Mahindra is now giving the market’s lowest interest rate on home loans. As of November 2021, it is India’s third-largest private sector bank in terms of assets and market capitalization. 

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6. Bank of Baroda        Home Loan

After a merger with Dena Bank and Vijaya Bank in April 2019, the Vadodara-based Bank of Baroda became India’s third-largest bank after SBI and provides the best home loans. Founded in 1908 by the Maharaja of Baroda, the bank, along with 13 other major commercial banks in India, was nationalized by the government on July 19, 1969, and now has over 8,200 branches in India and internationally.

7. PNB Home Loan

Punjab National Bank (PNB), India’s second-largest public sector bank, is also providing low home loan interest rates making it one of the best banks for a home loan in India. The state-owned bank, headquartered in New Delhi, was formed in 1894 and has over 80 million clients and 12,248 branches in 764 cities

8. Union Bank Home              Loan

Union Bank of India, located in Mumbai, made headlines in 2020 when the government combined it with Andhra Bank and Corporation Bank. This public lender now operates a network of over 8,700 domestic branches and over 11,800 ATMs

9. LIC Housing     Finance Home Loan

LIC Housing Finance Limited (LIC HFL) is one of India’s leading housing finance mortgage lending organizations, with headquarters in Mumbai. The company was formed on June 19, 1989, in accordance with the Companies Act of 1956. The organization, a subsidiary of LIC, has authorized over 3.35 lakh house loans so far.

10. Federal Bank         Home Loan

Federal Bank offers a home loan for those looking to purchase a home or considering renovating or extending an existing property. The loan can help borrowers finance up to 90% of the property value or construction cost, whichever is lower. The loan amount is up to ₹15 Crores with a repayment tenure of up to 30 years.