Which Is Better For Home Loan SBI Or HDFC?

Which home loan is best in SBI?

SBI Home Loan Interest Rates 2020SBI Home Loan SchemesInterest Rates for SalariedInterest Rates for Self EmployedSBI Smart Home Top Up Loan (Term Loan)8.50%8.55%SBI Smart Home Top Up Loan (Overdraft)8.55%9.05%Insta Home Top Up Loan8.20%8.20%SBI Earnest Money Deposit (EMD)10.45% onwards–7 more rows•Nov 6, 2020.

Which home loan is best LIC or HDFC?

Where to Submit DDA Application Forms for 2020 Housing SchemeBanksInterest RatesHDFC Ltd Home Loan6.95% – 7.50%ICICI Bank Home Loan6.95% – 8.05%LIC Housing Home Loan6.90% – 7.30%DHFL Home Loan9.75%5 more rows•Jul 6, 2013

Which bank is best for home loans?

Best Banks Which Offers Home Loans in IndiaS.NoBank NameMarket Percentage1SBI Home Loan34.00%2HDFC Ltd24.13%3LIC Housing05.83%4ICICI Bank13.10%4 more rows

How can I reduce my HDFC home loan interest rate?

We offer our existing customer the option to reduce the applicable rate of interest on the loan (by changing the spread or switching between schemes) through our Conversion Facility. You can take advantage of this facility by paying a nominal fee and opt for either reducing your monthly instalment (EMI) or loan tenure.

Is HDFC Bank 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 is current HDFC home loan rate?

Adjustable Rate Home LoansLoan SlabHome Loan Interest Rates (% p.a.)For Others* (upto 30 Lakhs)7.00 to 7.50For Women* (30.01 Lakhs to 75 Lakhs)7.20 to 7.70For Others* (30.01 Lakhs to 75 Lakhs)7.25 to 7.75For Women* (75.01 Lakhs & Above)7.30 to 7.803 more rows

Will HDFC reduce home loan rate?

The mortgage lender Housing Development Finance Corporation (HDFC) on Friday announced to cut its retail prime lending rate (RPLR) by 20 basis points (bps) for existing customers, which in turn will reduce home loan rates for salaried customers till 7.65%.

Is HDFC home loan processing fee refundable?

Customers are requested to refer to www.hdfc.com for the latest charges applicable on prepayments. C. Fee refundable if loan not sanctioned/disbursed Processing Fee paid by the Customer for availing the loan is non-refundable. … HDFC be made the sole beneficiary under the policy / policies.

How can I reduce my home loan interest rate?

To reduce your home loan EMI, the first thing you should do is to choose a lender which offers home loan at a lower rate of interest.Compare rates online. … Opt for longer repayment tenure on your loan. … Make a bigger down payment. … Refinance the loan by changing your lender. … Negotiate the service terms with existing lender.More items…•