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Housing Finance Companies

Top 10 Housing Finance Company List

Last Updated 01st Dec 2020

Housing Finance Company Housing Finance Interest Rates
HDFC 6.90% ₹ 659
PNB Housing Finance 7.90% ₹ 727
LIC Housing Finance 6.90% ₹ 659
Apply for Home Loan @ 6.75%* Get upto ₹ 1,000* Cashback And Free Corona Health Insurance Cover of ₹ 1 lakh

List of Top Housing Finance Companies in India

Housing Finance Companies are part of Non-Banking Financial Institutions that are registered under the Companies Act, 1961 and provide finance for purchasing, constructing, renovating or for extension of house for a maximum tenure of 30 years. Along with providing a range of home loan products, some of these companies may also provide other products such as loan against property, and investments such as fixed deposits and much more. Here is a list of top housing finance companies that provides a range of home loan products at attractive home loan interest rates starting at %.

  • HDFC
  • PNB Housing Finance
  • LIC Housing Finance
  • Indiabulls
  • IIFL
  • Tata Capital
  • Piramal Housing Finance
  • GIC Housing Finance
  • Sundaram Home Finance
  • LT Housing Finance

Housing Development Finance Corporation Ltd

HDFC or Housing Development Finance Corporation Ltd is one of the leading housing finance companies in India that offers a range of housing loan products for the purchase of a flat, home construction, extension or improvement starting at 6.90%. HDFC charges a processing fee of upto 0.25%, Min ₹ 3,000 and Max ₹ 10,000 on its HDFC home loan. Along with that, it also provides home loans at discounted rates to its female borrowers at 0.50% below the normal home loan rates.

Below-mentioned is the table for the HDFC home loan interest rates

Loan AmountHDFC Home Loan Floating RateRate for Female Borrower
Upto ₹ 30 Lakh7.05%6.90%
₹ 30 Lakh - ₹ 75 Lakh7.05%7.00%
₹ 75 Lakh - ₹ 2 Cr7.05%7.00%
Above ₹ 2 Cr7.05%7.00%

Home Loan Products: Various home loan products as offered by HDFC are mentioned below:

  • Plot loan TruFixed
  • HDFC Home Improvement Loans
  • HDFC Home Extension Loan
  • HDFC Plot Loans
  • HDFC Short Term Bridging Loan
  • Rural Housing Finance
  • HDFC Reach Home Loans
  • HDFC Home Loan Top Up

PNB Housing Finance

PNB Housing Finance offers home loans starting at 7.90% along with a processing fee of upto 0.50%, Min ₹ 10,000. Borrowers can avail a pnb home loan with a maximum tenure upto 30 years if they are at least 21 years in age.

The table below gives the PNB Housing Finance interest rates on home loans.

Loan AmountPNBHFL Home Loan Floating Rate
Upto ₹ 5 Lakh7.90%
₹ 5 Lakh - ₹ 10 Lakh7.90%
₹ 10 Lakh - ₹ 1.50 Cr7.90%
Above ₹ 1.50 Cr7.90%

Home Loan Products: Various home loan products as offered by PNB Housing Finance are mentioned below:

  • Residential Plot Loans
  • Unnati Home Loan

LIC Housing Finance

The home loan provided by LIC Housing Finance starts at 6.90%. It also charges a processing fee of upto NIL on its LIC home loan. To apply for a home loan from LIC Housing Finance, the applicants should be between 21 years to 60 years for Salaried 65 years for Self Employed .

The table below mentions the varying LIC home loan interest based on home loan amount:

Loan AmountLIC Housing Finance Home Loan Floating Rate
Upto ₹ 50 Lakh6.90%
₹ 50 Lakh - ₹ 1 Cr6.90%
₹ 1 Cr - ₹ 3 Cr6.90%
Above ₹ 3 Cr6.90%

Indiabulls

Home loan borrowers can get home loans starting at 9.25% along with a processing fee ranging from Min ₹ 7,500 to Max ₹ 10,000 from Indiabulls. To avail a home loan, the borrowers should have a minimum age of 23 years .

The table below mentions the varying indiabulls home loan interest based on the home loan amount:

Loan AmountIndiabulls Home Loan Floating Rate
Upto ₹ 30 Lakh9.25%
₹ 30 Lakh - ₹ 75 Lakh9.50%
₹ 75 Lakh - ₹ 1 Cr9.99%
Above ₹ 1 Cr9.99%

Home Loan Products: Various home loan products as offered by Indiabulls are mentioned below:

  • Indiabulls e-home loans

IIFL

IIFL offers home loans starting at 8.70% for a tenure upto 30 years. It also charges a processing fee upto 1.25% on the home loan. To avail, home loan borrowers must be at least 18 years .

The table below mentions the varying home loan interest based on the IIFL home loan amount:

Loan AmountIIFL Home Loan Floating Rate
Upto ₹ 28 Lakh8.70%
₹ 28 Lakh - ₹ 75 Lakh8.70%
₹ 75 Lakh - ₹ 2 Cr8.70%
Above ₹ 2 Cr8.70%

Home Loan Products: Various home loan products as offered by IIFL are mentioned below:

  • New Home Loan
  • Swaraj Home Loan
  • Home Improvement Loan
  • NRI Home Loan
  • Balance Transfer

Tata Capital

The home loan provided by Tata Capital starts at 9.05%. It also charges a processing fee of upto 0.50% on its home loan. To apply for a home loan from Tata Capital, the applicants should be between 21 years to 65 years .

The table below mentions the varying Tata Capital home loan interest based on the home loan amount:

Loan AmountTata Capital Home Loan Rate
Upto ₹ 30 Lakh9.05%
₹ 30 Lakh - ₹ 75 Lakh9.05%
₹ 75 Lakh - ₹ 50 Lakh9.05%
Above ₹ 50 Lakh9.05%

Home Loan Products: Various home loan products as offered by Tata Capital are mentioned below:

  • New Home Loan
  • Home Expansion Loan
  • Balance Transfer

Piramal Housing Finance

Piramal Housing Finance offers home loan products starting at 9.00%. It also charges a processing fee of upto 0.10% on a home loan for a maximum tenure upto 30 years. To avail a home loan, borrowers must be at least 23 years .

The table below mentions the varying Piramal home loan interest based on the home loan amount:

Loan AmountPiramal Housing Home Loan Floating Rate
Upto ₹ 50 Lakh9.00%
₹ 50 Lakh - ₹ 75 Lakh9.00%
₹ 75 Lakh - ₹ 30 Lakh9.00%
Above ₹ 30 Lakh9.00%

Home Loan Products: Various home loan products as offered by Piramal Housing Finance are mentioned below:

  • Home Purchase Loan
  • Home Construction Loan

GIC Housing Finance

The home loan provided by GIC Housing Finance starts at 10.25%. It also charges a processing fee of upto Min ₹ 2,500 on its home loan. To apply for a home loan from GIC Housing Finance, the applicants should be between 21 years to 60 years for Salaried 65 years for Self Employed .

The table below mentions the varying GIC home loan interest based on the home loan amount:

Loan AmountGIC Housing Finance Home Loan Floating Rate
Upto ₹ 25 Lakh10.25%
₹ 25 Lakh - ₹ 75 Lakh10.25%
₹ 75 Lakh - ₹ 1.50 Cr10.25%
Above ₹ 1.50 Cr10.25%

Home Loan Products: Various home loan products as offered by GIC Housing Finance are mentioned below:

  • Individual Housing Loans
  • Composite Housing Loans
  • Repairs and Renovation Loans
  • Home Extension Loans
  • Pradhan Mantri Awas Yojana

Sundaram Home Finance

Home loan borrowers can get home loans starting at 8.60% along with a processing fee ranging from 0.50% from Sundaram Home Finance. To avail a Sundaram home loan, the borrowers should have a minimum age of 21 years .

The table below mentions the varying Sundaram home loan interest based on the home loan amount:

Loan AmountHome Loan Rate
Upto ₹ 30 Lakh8.60%
₹ 30 Lakh - ₹ 75 Lakh8.60%
₹ 75 Lakh - ₹ 2 Cr8.60%
Above ₹ 2 Cr8.60%

Home Loan Products: Various home loan products as offered by Sundaram Home Finance are mentioned below:

LT Housing Finance

LT Housing Finance offers home loan products starting at 9.90%. It also charges a processing fee of upto 2.00%, Min ₹ 4,999 on a L T home loan for a maximum tenure upto 30 years. To avail a home loan,borrowers must be at least 23 years for Salaried 25 years for Self Employed . .

The table below mentions the varying L T finance home loan interest based on the home loan amount:

Loan AmountL and T Finance Home Loan Floating Rate
Upto ₹ 30 Lakh9.90%
₹ 30 Lakh - ₹ 75 Lakh9.90%
₹ 75 Lakh - ₹ 3 Cr10.75%
Above ₹ 3 Cr10.75%

Home Loan Products: Various home loan products as offered by LT Housing Finance are mentioned below:

FAQs

Which is the best finance company in India?

As per the current rates, offers the lowest home loan interest rates starting at %. The borrowers also have to pay a processing fee upto on a home loan.

How many housing finance companies are there in India?

There are around 100 housing finance companies that are registered in India.

What are housing finance companies?

Housing Finance companies are non-banking financial institutions registered under Companies Act, 1961 and primarily provide finance for purchasing home, construction of house, improvement or extension of house etc.

Which company is best for home loans?

As per the current rates, offers the lowest home loan interest rates starting at % and can be considered as the best housing finance company.

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