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Finding the best home loans is not only about competitive interest rates. The processing fee you pay at the start of your loan journey can significantly impact your overall borrowing cost. Choosing the best bank for housing loan or the best housing loan provider in India with low charges helps you save more while keeping your financial planning on track. This article helps you compare the best NBFC for home loan and leading banks in India based on their processing fees and overall value.
Before finalising your home loan application, it is important to compare lenders not just on interest rate, but also on home loan processing fees and related charges.
| Available Home Loan Offerings | Interest Rate Starting @ | Max Loan Amount | Processing Fee |
| LIC Housing Finance Home Loan | 8.65% p.a. | 15 Crores | 0.25% of loan amount or up to ₹50,000 (as per the lender’s discretion) + GST |
| PNB Housing Finance Home Loan | 8.5% p.a. | 15 Crores | Up to 0.50% of loan amount |
| South Indian Bank Home Loan | 9.50% p.a. | 50 Lakhs | 0.75% + GST |
| Samman Capital Home Loan | 8.75% p.a. | 5 Crores | Up to 1% of loan amount + GST |
| Easy Home Finance Home Loan | 10.50% p.a. | 50 Lakhs | 1.25% to 2.5% |
| Viridhi Home Finance Home Loan | 12% p.a. | 25 Lakhs | 2% (GST applicable) |
| Shubham Housing Finance Home Loan | 9.9% p.a. | 50 Lakhs | Up to ₹27,000 + 3% of the loan amount + GST |
| Truhome Finance Home Loan | 11.5% p.a. | 1 Crore | Up to 2.5% of loan amount + GST |
| India Shelter Home Loan | 13% p.a. | 40 Lakhs | Up to 3% of loan amount + GST |
| L&T Finance Home Loan | 7.65% p.a. | 7.5 Crores | Up to 3% of loan amount + GST |
| Bajaj Housing Finance Limited Home Loan | 7.25% p.a. | 15 Crores | Up to 4% of loan amount + GST |
| ICICI Bank Home Loan | 9% p.a. | 5 Crores | ₹2,999 (T&C apply) |
| HFFC Home Loan | 9% p.a. | ₹50 Lakhs | As per lender’s discretion |
This comparison helps borrowers shortlist the best NBFC for home loan in India or the most suitable bank depending on their profile.
Selecting a lender is as critical as choosing the home itself. The right financial partner can significantly reduce your financial burden and provide a seamless borrowing experience. Key benefits include:
While many borrowers focus solely on interest rates, the processing fee is a significant upfront cost that varies based on the following variables:
Understanding these factors allows you to negotiate better terms and optimise your borrowing cost.
Applying for a home loan becomes easier when done through a trusted platform like Bajaj Markets. You can follow the steps mentioned below to apply for a home loan:
Visit Bajaj Markets and hover on to the ‘Home Loan’ section under the ‘Loans’ option
Click on the ‘Apply for Home Loan’ button
Complete the online application with your personal, income, and property details
Upload required property documents and identity proofs
Check your eligibility instantly and compare lender offers
Choose the most suitable loan and submit the application
Complete verification and receive approval
Loan agreement signing and final disbursement
This structured process ensures faster approvals with minimal paperwork.
Choosing the right home loan provider with low processing fees can significantly reduce your total borrowing cost and improve long-term affordability. By comparing lenders carefully and applying through Bajaj Markets, borrowers can secure competitive rates, lower charges, and a smoother loan experience with better financial outcomes.
Processing fees are one-time charges levied by lenders to cover the cost of evaluating your loan application, documentation, and disbursement process.
Lower processing fees reduce your upfront cost and improve the overall affordability of your loan.
In some cases, higher fees may accompany faster processing, premium customer service, or special interest rate offers.
Processing fees and interest rates are independent, but lenders may bundle offers based on borrower profile and loan size.
Most lenders charge between 0.25% and 4% of the loan amount, depending on their policies.
No. First-time buyers often receive special offers or fee waivers based on lender promotions.
Higher property value and loan amount usually result in higher absolute processing charges.
Once agreed in the loan agreement, processing fees cannot be changed without borrower consent.
High fees increase your upfront expense and reduce your effective loan benefit.
Compare multiple lenders, review all charges, negotiate where possible, and choose the option offering the best value.
Yes. Under-construction properties may involve additional inspection fees, valuation charges, and documentation costs.
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