Housing loan is one of the easiest loans to get approved in the bank but then, you need to have all the documents. It is not possible to fulfill the needs of the bank but what is there in your hand, can be done flawlessly right? Paying the bills on time and maintaining a healthy cibil score is all you need to do. Coming to the point, where to apply for the best home loan in India. There are some of the private entities that are ready to lend you loans but they are going to check-list some of your credentials. we will be discussing the best home loan in India.
State Bank of India:
Nationalized banks are always best to opt for a loan but there are a lot of complications that they keep doing with the documentation. Unlike the private bank, they won’t get it approved faster. They have their own set of rules and thresholds that each and every individual has to qualify. Since this bank was into operation for quite a long time, the question of reliability cannot raise. The rate of interest is too less if you compare it with the other private banks.
There is no other bank than HDFC when it comes to service and the offers that they provide to their clients. The rate of interest is too high but then if your work is getting done in lesser time, why don’t you get it done. When it comes to documentation, everything will be done online and you dont have to break your head going to the branch.
Without collateral, I dont think they will give loans in the cooperative bank but still, you can give it a try. These banks have a board of directors and they are supposed to be the decision-makers.
I hope the blog has covered useful information about the best home loan in India. Thanks for reading!