Top 10 Banks offering Attractive Home Loans

    Let us throw a few figures at you, to start off. According to the 2011 Census, India has 24.67 crore households. Of all these households, 32% are urban households while 68% dwell in the rural areas. Now, the share of households living in owned houses in rural areas is an astounding 95% but falls to just 69% in urban areas. So, overall only 14% of Indian households live in rented houses. If we compare this to the US numbers, 37% of their total households dwell in rented houses. Something seems amiss in the numbers. If we dig in deeper, we find that 40% of the total households in India live in homes with a single room. With an average household size of 4.9, it means that 40% of the households have 5 people living in one single room. No wonder that the Indian Government has come up with the ‘Housing for All by 2022’ scheme under which borrowers can get 4% interest rate rebate on home loans for up to 9 lakh rupees and so on. The home loan market in India comprises 76 lenders which include banks, and housing finance companies. We have cherry picked the best banks in the country for you which would help you in zeroing down upon the best home loan to apply for.


    10Kotak Bank

    Kotak Bank is one of the recently established banks in India. It shot into prominence due to the 6% rate of interest on the savings account. It was established in 1985 by Uday Kotak and in February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received a banking license from the Reserve Bank of India (RBI). With this, Kotak Mahindra Finance Limited became the first non-banking finance company in India to be converted into a bank.

    In a study by Brand Finance Banking 500, published in February 2014 by the Banker magazine, Kotak Bank was ranked 245th among the world’s top 500 banks with brand valuation of around half a billion dollars and brand rating of AA+. In 2014, Kotak acquired ING Vysya Bank in a deal worth 15,000 crore rupees.

    Kotak Mahindra Bank also has an arm dealing with the disbursement of funds for the borrowers. Kotak Mahindra Bank has a rate of interest for home loans starting from 8.35%. Their loan disbursement process is hassle free and convenient. Having one of the quickest turnaround times, Kotak Mahindra Bank keeps the customers first. They also hook the customers up with attractive insurance options to cover your home so as to protect the home in case an unforeseen event strikes. They also provide door step services for potential customers.

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    1. First the banks should allow majority customers to be alive in banking system by stopping to rob the hard earned money deposited after long struggle and deposited in by govt as Gas subsidy , farm subsidy etc regularly in the name of minimum balance that to for Savings account in small villages towns .

    2. Non of the banks follow any constant rule and procedure in rendering crop loan , housing loan and bussiness loan etc , Normally people who demand loan are either uneducated or educated without proper planning or new comer who wants to do business or start unit , If so then why we need well educated people in banking service supported by training , What a shame to blame poor uneducated when educated people behave like a corrupted machine running on fuel called salary …..
      If we go through all the registers of loan closely one can find out the reason why repayment was denied delayed or cleared .

    3. All these Banks had failed to address a major robbery from most of customers to support the government voice which looted the money from the pockets of hard working citizens who were sleeping unaware of what happened with their money in unsafe environment covered up by banks and other financial institutions silently only to save Rich industrialist and fill the pockets of few politicians .
      Will Mr Chidambaram or Mr Manmohan Sing address the facts openly to the citizens without hesitation …….


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