Question: Which Bank Is Best For Home Loan In Tamil Nadu?

Which bank is best for home loan in Chennai?

Top Banks for Home loan in ChennaiBankHome Loan Interest RateICICI Bank Home Loan6.95% OnwardsAxis Bank Home Loan7.75% OnwardsPNB Housing Finance9.25% OnwardsBank of Baroda Home Loan6.85% Onwards7 more rows•Sep 30, 2020.

Can I get 50 lakhs loan?

50 Lakh loan also becomes convenient with the flexibility of tenor. A salaried individual can opt for a tenure ranging between 2 and 20 years, depending on his/her repayment capacity. For a self-employed individual, the maximum available tenure is 18 years. Choose your repayment period as per your suitability.

Is HDFC good for home loan?

HDFC offers lower Home Loan EMI at ₹ 659 on a Home Loan for 30 Years as compared to SBI with a minimum EMI of ₹ 662 for 30 Years. Average customer ratings for HDFC is currently at 4.5/5.0 which makes it a good choice for taking a Home Loan.

What will be the EMI for 20 lakhs home loan?

Check EMI Calculation for 20 Lakh home loan for 5, 10, 15, 20 Years or How much EMI you have to pay for 20 Lakh home loan amount per month?…EMI Calculation for 20 Lakh Home Loan amount for Various Tenure Options:Tenure OptionsEMI Per Month5 YearsRs.4056010 YearsRs.2426015 YearsRs.1912020 YearsRs.167202 more rows

Can I get home loan with 15000 salary?

How much loan amount you can get at 15000 per month income so here’s the complete list of banks with minimum loan amount, maximum loan amount….Home Loan Interest Rates Nov 2020.SBI6.95 – 7.70%LIC Housing Finance6.90 – 7.30%DHFL Housing8.70%Axis Bank7.75 – 8.40%Bank of Baroda6.85 – 7.85%4 more rows

Which bank is best for home loan?

These 10 banks are offering the lowest home loan interest rates for salaried individuals.BANK NAMERLLRMaximum Interest Rate (%)Union Bank of India6.807.15Bank of Baroda6.858.20Bank of India6.857.15Central Bank of India6.857.306 more rows•Nov 6, 2020

Which bank is better for home loan SBI or HDFC?

In any case, SBI is home loan low-interest bank. The lowest interest rate of SBI is lower than that of HDFC bank. … SBI charges a processing fee of 0.20% while HDFC charges @ 0.25%. If you want to go for a higher loan amount, you should go for HDFC because its higher processing fee is lower than that of SBI.

What is the EMI for 50 lakhs home loan?

Housing Loan Interest CalculatorEMI for various home loan amounts15 years30 years₹ 20 Lakh₹ 17,809₹ 13,105₹ 25 Lakh₹ 22,262₹ 16,381₹ 30 Lakh₹ 26,714₹ 19,658₹ 50 Lakh₹ 44,523₹ 32,7631 more row

How much loan can I get on 35000 salary?

If you are taking a home loan for 35,000 salary, you can get a maximum loan amount of Rs. 20,16,481 at say an 8.5% interest rate for a tenure of 20 years. In this situation, the home loan EMI amount you would pay is not more than Rs. 17,500.

How can I get home loan in Tamilnadu?

Age: The minimum age to apply for a home loan must be 18 years and not more than 70 years of age. Income: You must have a regular source of income as it reflects your ability to repay your EMIs on time. Credit score: A credit score of 650 and above is considered suitable for applying a home loan.

Can we get 90% home loan?

Loan to Value Ratio also determines the Loan amount. As per the RBI guidelines, borrowers can get a maximum LTV of 90% on a home loan.

Which is better SBI or HDFC?

HDFC Bank has always been one of the most premium valued banks in India. The stock trades as high as three to four times the book value. SBI, on the other hand, has had a value range of one or two-time book value at best….BankMarket capitalisation as of May 4State Bank of India₹1.6 lakh croreHDFC Bank₹5 lakh croreMay 5, 2020

Is insurance compulsory for HDFC home loan?

Although it is essential to buy an insurance cover while taking a loan you are under no obligation to do so, not from any bank nor non-banking finance company. “It is not mandatory to purchase home loan protection plans.