Avail Best Housing Loans With BASIC Home Loan

Buying a home takes considerable investment, and an average Indian needs financial support for the same. Fortunately, India has a number of private and public sector banks offering easy home loans to aspiring homeowners at affordable interest rates starting as low as 8.50% per annum. Not just banks, there are numerous Non-Banking Financial Companies, also known as NBFCs, that offer a variety of housing loan schemes to applicants at a nominal processing fee starting at 0.25% of the loan amount plus taxes. The home loan interest rates for all banks may vary, but in general, they all offer similar home loan schemes, such as home/ plot purchase loans, construction loans, renovation/ extension loans, balance transfer home loans, and top-up home loan schemes. Some banks and NBFCs offer hassle-free home loans to NRIs and PIOs with minimum documentation and PMAY schemes to the economically weaker sections of society at subsidized rates.

Reach out to the BASIC Home Loan team to get the lowest interest rates with the most trusted banking partners.

Bank List for Home Loans

The maximum loan amount offered by the top banks in India is up to 90% of the property cost and might go as high as Rs. 5 crores. Eligible applicants can expect a home loan from a bank for a maximum repayment tenure of up to 30 years. Most of these banks offering the best home loans in India require minimum documentation to smoothen the application procedure for the applicants.

Have a look at the list of the best banks for home loans worth considering to realize your dream of buying a home:


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NBFC List for Home Loans

Apart from the banks, applicants can consider home loans from NBFCs a. Some top banks like ICICI, Axis, and PNB have started their NBFCs, offering financial services such as home loans to eligible borrowers. The best NBFC for home loans in India offers faster loan processing and flexible repayment options to both salaried and self-employed borrowers. The eligibility criteria to apply for an NBFC housing loan consist of simple parameters like age, nationality, employment status, minimum income earned and CIBIL score of the applicant.

Have a look at the best home loan NBFC list in India that offers affordable and hassle-free housing loan schemes:


Get Home Loan Starting at 8.5% Interest Rate from BASIC Home Loan

City List for Home Loans

The real estate market of India has been able to grow by leaps and bounds. The percentage of homeownership has also grown exponentially, all thanks to the best home loan lenders in India, ready to help applicants buy a home of their own in their chosen city. BASIC Home Loan is proud to partner with all the top banks and NBFCs, offering lucrative home loans in India in all the top cities. Home loan interest rates may vary from city to city and bank to bank, but they all aim to offer affordable housing loan schemes at nominal processing charges.