Avail Best Housing Loans With BASIC Home Loan

NBFC List for Home Loans

Apart from the banks, applicants can consider home loans from NBFCs a. Some top banks like ICICI, Axis, and PNB have started their NBFCs, offering financial services such as home loans to eligible borrowers. The best NBFC for home loans in India offers faster loan processing and flexible repayment options to both salaried and self-employed borrowers. The eligibility criteria to apply for an NBFC housing loan consist of simple parameters like age, nationality, employment status, minimum income earned and CIBIL score of the applicant.

Have a look at the best home loan NBFC list in India that offers affordable and hassle-free housing loan schemes:

City List for Home Loans

The real estate market of India has been able to grow by leaps and bounds. The percentage of homeownership has also grown exponentially, all thanks to the best home loan lenders in India, ready to help applicants buy a home of their own in their chosen city. BASIC Home Loan is proud to partner with all the top banks and NBFCs, offering lucrative home loans in India in all the top cities. Home loan interest rates may vary from city to city and bank to bank, but they all aim to offer affordable housing loan schemes at nominal processing charges.

Home Loan Interest Rate

Whether you want to buy, renovate, construct or improve a home, you need sufficient funds, and this is where you think of borrowing money as a home loan from Banks and Non-Banking Financial Companies (NBFCs). These financial lenders charge a home loan interest rate when lending money to borrowers. The home loan interest rate can vary from one bank or NBFC to another. The lowest home loan interest rate in India, at the moment, is as low as 8.40% making it an affordable journey for aspiring homeowners. To get the best home loan interest rates, applicants must first understand the basic components of a home loan like loan tenure, principal loan amount, and repayment capacity.

Have a look at the best home loan interest rate in India offered by the prominent banks and NBFCs:

Home Loan EMI Calculator

Calculating the home loan Equated Monthly Installments (EMIs) is one of the most crucial parts of the home loan journey for any borrower. A home loan EMI calculator makes these calculations easy, accurate, and convenient for borrowers, who can calculate their monthly repayments on a housing loan by simply adding the key variables such as the loan amount, interest rate, and loan tenure, etc. to the Home Loan EMI Calculator tool. A home loan EMI calculator empowers borrowers to make informed decisions, ensuring that their home loan commitments align with their budgetary constraints. Additionally, a home loan monthly EMI calculator helps them to compare loan options with much more clarity and accuracy, which in turn assists them in planning their finances effectively.

Have a look at the home loan EMI Calculator online in India from various Banks and NBFCs for getting the best estimates of the monthly EMIs that will be applicable and get help to make the monthly budget planning with a housing loan:

Loan Against Property

A Loan Against Property (LAP) scheme allows individuals to leverage their owned residential or commercial property to secure a loan from a financial institution. This type of loan is beneficial for property owners who require substantial funds for various purposes, such as business expansion, higher education, debt consolidation, or personal expenses. LAP offers lower interest rates compared to unsecured loans, making it a cost-effective borrowing option for those seeking larger amounts with flexible repayment terms.

Have a look at the list of banks and NBFCs in India that offer hassle-free loans against property:

Home Loan Balance Transfer

A Balance Transfer (BT) scheme allows individuals to transfer their outstanding home loan balance from one lender to another lender with a lower interest rate and better loan terms. This financial strategy helps in reducing interest payments. It's particularly advantageous for those who want flexible repayment options and lower monthly installments. Some lenders also provide additional benefits like top-up loans or fee waivers on processing, making the balance transfer process more cost-effective.

Have a look at the list of banks and NBFCs in India that offer hassle-free balance transfer home loan schemes: