Best Home Loan In India 2018 @ 8.60%

Want to know which is the Best Home loan provider in India for December 2018? Building or buying home is a dream of every person. Do you want to fulfill your dream of having your own house? Now, changing your dream into reality is possible with Deal4loans! We believe in loans by choice and not by chance. At Deal4loans, We give you a chance to compare the best offerings in the market and make the best possible choice.

Latest Update as on 01 December 2018 – SBI and ICICI Bank hike interest rates on home loans. EMI per lakh increased by Rs.3 for 30 years tenure.

Home Loan applications received for rupees ₹ 419,027 crores till 18 December 2018


Loan Amount

Annual Income


54,02,013 loan quotes taken till now.
  • 54 lakh customers serviced to get best Loan deals with deal4loans. Deal4loans views Published @
  • As RBI cuts rate, should you go for fixed home loan Deal4loans views Published @ Economic Times online.

While comparing home loans, it is necessary to check some key facts from different lenders. The major key points of comparison when it comes to loans are as follows:

Interest rates
Processing fees
Turnaround time
Loan to value Ratio

However, you need to view the loan in the entire package and not just focus on individual elements. If a loan has a very low interest rate, the chances are the fee structure is high.

Best Home Loan Interest rates for the month of December 2018

Interest rate offered is the primary factor of comparison. It affects your monthly EMI and total amount payable. For a long duration loan it is advised to go for a home loan with low interest rate.

Bank Interest Rate
SBI 8.75% – 9.50%
DHFL 9.00%
HDFC Ltd 8.80% – 9.15%
LIC Housing 8.85% – 9.05%
ICICI Bank 9.10% – 9.30%
Axis Bank 8.80% – 8.70%
IDBI Bank 8.90%
PNB 8.65% – 8.75%
Bank of Baroda 8.75%

Let’s first know which bank are currently favorite of home loan borrowers as per ICRA

S.No Bank Name Market Percentage
1 SBI Home Loan 25.50%
2 HDFC Ltd 24.13%
3 LIC Housing 15.83%
4 ICICI Bank 13.10%
5 PNB Housing Finance 6.23%
6 IDBI Home Loan 4.67%
7 Axis Bank 4.22%
8 Others 6.32%


Market Share of Banks in Home Loan

1. Share of home loans in Bank Lending is 11.00%

2. Size of Home Loan Industry is 13.5 lakh Lakh Crore in Fiscal Year 2018

Housing Finance Market

Lender Loans in Crore Market Share
HDFC Ltd 176000 16.60%
SBI 170899 16.20%
ICICI Bank 99327 9.40%
Axis Bank 57335 5.40%
DHFL 38964 3.70%
Can Fin 9278 0.90%
GIC Housing 7224 0.70%
LIC HFL 114069
Indiabulls 58224

Eligibility Calculator: How much loan am I eligible for?

Looking for how much loan amount you can get from bank for your dream home – Don’t wait!!! Check with Home Loan Eligibility calculator.

Most of the customers first prefer to choose the property according to their needs and priorities and then apply for the loan among the options available. However, it may happen that they are not eligible for the larger amount of home loan. Therefore, when you finalize any home, it is essential to know whether you can obtain loan on that property and the exact amount you can apply for. It will prepare you in advance before buying the home and avoid problems in the future. It may happen that the properties under construction are not liable assets for obtaining home loan. Therefore, it is mandatory to check these details with your bank before you decide to buy a home.

Trends of Home Loan Base Rates

Home Loan Processing fees of Major Banks in 2018


Bank Processing Fees Pre Payment Charges
ICICI Bank 0.50% – 1.00% of the loan amount or Rs. 1500/- (Rs. 2000/- for Mumbai, Delhi & Bangalore), whichever is higher + applicable Service Tax & Surcharge Nil
HDFC Ltd 0.5% or 10,000+service tax, whichever is higher Nil
SBI Home Loan Zero till 31.12.2018 Nil
Axis Bank Up-to 1% of the loan amount subject to minimum of Rs.10,000/- Nil
LIC Housing Up to 1 Crore : 10,000 + GST
1 Crore & above : 25,000 + GST
IDBI Home Loan Nil Nil
PNB Home Loans 0.50% of the loan amount Nil
Allahabad Bank 0.50% of the loan amount or maximum of Rs 10,000/- + service tax NA
Citibank Rs.5000 (Application fee) Nil
Syndicate Bank 0.12% of the loan amount or maximum Rs 5,000 NA
Punjab National Bank Nil Nil
Bank of Baroda 0.25% of the loan amount or maximum of Rs 20,000 NA

Ease of Home Loan Processing

The procedure to apply for home loan is a bit time consuming. You have to submit a large set of income and property related documents and the approval of the loan differs from bank to bank. There are many agents who specialize in the bank processes, but the credibility of such agents is under question. So, to choose the best bank to apply for home loan as per your convenience, you must do a little research in advance.

Keeping in mind the above things, you can surely save yourself from wasting your time as well as from fraud agents. We at Deal4loans are available for your service through this process and to guide you in making a diligent choice between Good and Bad loan.

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