Owning a home is much more than just a status symbol. For every person, it’s a huge dream that signifies stability and achievement as well. In India, this dream comes true with the help of housing finance companies. It is a significant pillar of the thriving real estate sector. In 2024, the sector of housing finance companies will be more dynamic and customer centric. This post will discuss the top 5 leading housing finance companies in India.
5 Best Housing Finance Companies in India
Whether you are a first-time home buyer or looking for a home loan, these 10 housing finance companies will surely be helpful for you.
PNB Housing Finance Limited
It is one of the best housing finance companies in India. PNB Housing Finance offers a range of home loans with up to 90% of the property cost. The best part of this finance company is that the interest rates are highly competitive. It starts from as low as 8.75% p.a. Up to 11.25% p.a. This facility is available to both Indians and NRIs.
LIC Housing Finance Limited
This home finance company offers home loans tailored to your needs. Salaried individuals, self-employed professionals, and NRIs can all apply for this loan. You can choose anything from the online or offline application methods as per your preference. LIC Housing Finance offers loans with flexible tenures of up to 30 years until the age of 60. It enables you to achieve your homeownership goals at your convenience. The interest rates range from 8.45% to 10.50%.
ICICI Home Finance
This finance company offers home loans for both salaried professionals and self-employed individuals. It offers loan amounts ranging from Rs 3 lakh to Rs 5 crore. In this housing finance company, the interest rates range from 9.00% to 10.05%. Here, you will get the maximum tenure of 30 years. This housing finance company provides flexible loan options available for individual needs.
L&T Housing Finance Limited
If you are planning to own your dream house, you should surely opt for L&T Housing Finance Limited. Here, you will get home loans for up to 90% of the property cost. The interest rate ranges from 8.60% to 8.75%. The tenures are up to 30 years. The processing fee is quite competitive and starts at only 0.25%. Whether you are purchasing a plot, constructing, extending, or improving your property, here you will get a loan for your requirements.
Tata Capital Housing Finance Limited
It is a popular housing finance company that offers home loans with attractive features. Here, you can secure financing up to 80% of the property cost. The interest rate ranges from 8.60% to 10.10%. The loan tenure extends up to 30 years, which provides you with flexibility in repayment. Whether you are looking to purchase a plot, construct a new home, or buy an apartment, this housing finance company will be your perfect choice.
In choosing the best housing finance companies for 2024, extensive research is needed to evaluate various factors. Here we have mentioned the top 5 leading housing finance companies in India. Whether you plan to buy your own house or want to renovate your property, you can consider these housing finance companies.
