Top 10 Housing Finance Companies Offering Lower Interest Rates On Home Loan

Although banks provide a broad range of credit options, home loan firms primarily rely on offering housing loans. Home finance firms are recognized for smoother and trouble-free documentation, offering borrowers with smarter loan-to-value by considering the eligibility criteria. In order to be eligible for the lowest home loan rates, the applicant must fulfill the requirements of the lender consisting of parameters such as property size, loan-to-value ratio, gender, means of income, age, credit score, and any other parameters that the lender has established.

At present HDFC Ltd persists to offer the lowest rates on home loans. HDFC provides the lowest interest rate of 6.95 per cent as compared to the lowest home rates being offered by banks. On the below-mentioned table we can find some of the lowest rates offered by home finance companies in India which are only available exclusively for eligible borrowers.

Sr No.	Lender	Interest Rate	Tenure
1	HDFC Ltd	6.95%	Up to 30 years
2	Bajaj Housing Finance Ltd	7.50%	Up to 20 years
3	Tata Capital Ltd	8.50%	Up to 30 years
4	PNB Housing Finance	8.60%	Up to 30 years
5	IIFL Home Loan	8.70%	Up to 20 years
6	Dewan Housing Co.Ltd	8.75%	Up to 30 years
7	Indiabulls Housing Finance	8.99%	Up to 30 years
8	Aditya Birla Housing Finance	9.00%	Up to 30 years
9	GIC Housing Finance Ltd	9.10%	Up to 30 years
10	Piramal Housing Finance	9.65%	Up to 30 years

Documents Required to apply for a Home Loan

One should keep the below-listed documents ready in order to avail a home loan in India.

Identity Proof

Driving License
PAN
Voter ID
Valid Passport

Income proof

Income Tax Returns for the last 3 years
Salary statements for the last three months
Audited balance sheet for the last 3 years
TDS Certificate
Business license and address proof
Form 16 or Income Tax Returns for the last two years

Residence Proof

Copy of utility bills
Passport
Aadhaar Card
Driving License

Other Documents

Employer Identity Card
Duly filled application form
Passport size photographs
Bank account statements for the last 6 months
Last loan statement for last 12 months (if any)
Agreement of Sale
Occupancy Certificate
Conveyance Certificate in case of a new property

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