Home Loan
Dealsofloan Provides lowest rate of market. You can compare all the loan providers offer in a single roof.Home loan can be used to buy a new property like flats, bungalow, and row houses also. Banks generally
provide 75%to 90% of the property value as a home loan. The remain balance has to be arranged as the
initial down payment. You can also avail a personal loan for further down payment amount. Nowadays
some builders provide fully furnished flats to enable higher loan amount. This also reduces the cost of
furnishing the house on possession. Home loan are available from 5 lac to 5 cr Dealsofloan provide you
suggest a lowest rate of interest you just choose.
- Last 6 months bank A/C statement
- Passport size photograph of the applicant & co-applicant
- Age proof of co-applicant
In case of Salaried
- Last six month salary certificate from the current employer
- Last two year 2year TDS/Form-16 certificate
- 6-12 month Bank statements
In case of Self-employed
- Last two year ITR & Balance sheet with all schedule.
- Copy of partnership deed if it is a partnership firm or copy of memorandum of association and
articles of association if it is a company
- Profit and loss account for the last few years
- Income tax assessment order
Home Loan Process & various steps involved
There are various steps involved in getting a Home Loan from selecting your property to filling up
the loan application. Following are the various stages in Home Loan:
Tax Benefits in Home Loan
The home loan borrower enjoys Tax Benefits on both Interest paid & the Principal re-paid. Under Section
24(d) of Income Tax, the deduction of interest payable on the home loan is up to a maximum of Rs. 1,
50,000.
Under Section 80(c) of Income Tax, Principal amount for the repayment of loan along with other savings &
investments is eligible for tax deduction up to a maximum limit of
Rs. 1, 00,000.
Disclaimer: Please note that the interest rates given here are based on the market research. To enable
the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised to
recheck the same with the individual companies / organizations. This site does not take any responsibility
for any sudden / uninformed changes in interest rates.
Banks/ Financial Institutions can contact us at sales@dealsofloan.com for inclusions or any updates.
| Bank Name |
Rate of Interest
(Floating) |
Processing Fee |
Prepayments Charges |
| ICICI BANK
HOME LOAN |
8.50% -Up to - 31Mar2011 9.50% -from - 1-Apr-2011
to------------- Mar31,2012 |
0.50% of loan
amount |
Rs.10,000/- above 1 crore If Full Payment
- 2% of outstanding amount If Part
Payment - No Penalty |
| HDFC Ltd. |
8.50% -Up to- 31Mar2011,
9.50% -from - 1-Apr-2011
to------------- Mar31,2012 |
Rs. 10,000/- or 0.5%
of loan amount
(whichever is lesser) |
If 25% of outstanding amount is paid
every year till 3 years - No Penalty ,
otherwise 2% of outstanding amount |
| AXIS Bank |
8.25%-Up to -31Mar2011,
9% from Apr 1,2011 - Mar
31,2012 |
1% of the loan amount |
1% (For Fixed scheme ), NIL( For Floating) |
| STATE BANK
OF INDIA |
8% (1st yr), 9%(2nd and
3rd yr),10%(after 3 years) |
0.50% of loan
amount with a cap of
Rs.10,000 |
NA |
| ING VYSYA |
8.25%(fixed for 1 yr),
9%(fixed for 1 yr),then
market rate |
Up to 20 Lakh -
Rs.5000
Above 20 Lakh- 0.5% |
2% |
| KOTAKMAHINDRA
BANK |
8.25% |
10,000 |
2% |
| LIC HOUSING
FINANCE |
8.9%(Fixed for 3 yrs),
9.25%(Fixed for 5
yrs),then market rate |
10,000 Up to 50Lacs
15,000Above 50Lacs |
2% of out standing Principle Payment |
| DHFL |
8.50% |
0%( below 10 Lakh),
1%(above 10 Lakh) |
Before 5 years -2%,For Balance Transfer -
3% |
| Deutsche Bank |
8.5% |
10,000 |
Nil |
| BARCLAYS BANK |
9% - 9.5% |
0.5% |
Part pre-payment with Zero pre-payment
charges subject to maximum 25% of the
principal outstanding amount else 2%
prepayment charges have to pay |
The comparison will sure help you for application of Home loan, so just choose the best and submit your
application. We deals of loan serve you the best rate and door step service at any point.
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