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.


    10Canara Bank

    Canara Bank is one of the largest public sector banks owned by the Government of India. Its headquarters is in Bengaluru. It was established at Mangalore in 1906 by Ammembai Subba Rao Pai, making it one of the oldest public sector banks in the country. The government nationalized the bank in 1969. Over the years, as many as 9 banks have merged with the Canara Bank. Canara Bank deals in home loan through its fully owned subsidiary, CanFin Homes Limited which has a network of 132 branches and 25 satellite offices throughout India.

    CanFin Home Loans cover 75-85% of the loan amount subject to repayment capacity and net take home salary. All salaried, professional, self-employed, businessmen, NRI, pensioners are eligible for the CanFin home loans. The repayment period differs for different individuals with 5-30 years for salaried individuals, 5-25 years for professionals and so on. The floating rate of interest for salaried and professionals varied from 8.50% to 10% for a loan amount of less than 30 lakh rupees, 8.75-10.25% for loan amount of 30-75 lakh rupees and 9.5-10.5% for loan amount of above 75 lakh rupees.

    Under the affordable housing loan for a dwelling unit to be purchased in a rural area, the maximum loan amount is 20 lakh rupees. The rate of interest is fixed at 8.25% for the 1st 3 years irrespective of the circumstances. The repayment period is a maximized at 30 years.


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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 …….

    4. Rbi make new rules but they are not obay their rules in february 2017 i deposit my 3500 indian ruppess in mumbai RBI main branch for old not 1000.500.when government band this note that time iam in saudi arebia iam standing 3 hours in line and i deposit my 3500 ruppess in rbi today near one years completed still 3500 rupess still not deposit my account what to is people is working in india high reputed rbi bank they cant solve poor people problem and our pm want to make india to looting poor people like me we are heard working and getting money that money also not deposit .i write so many time last i think it is going in i think i have to forget my heard swetting money because big cunning people is sitting in the RBI bank poor man nothing do

    5. They are geared only for looting & plundering in Guidance of bumpkins a bumbling lawyer doubling as a finance minister & a chaiwala as the qualified econmist(demonetisation & GST), FOREIGN tourist minister, defense deal broker (read RAFALES through Reliance defense).
      Wow!!! Mera bharat mahaan, 99% बेईमान!!! Redruby


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