3 Leading NBFCs That Will Get You A Low Home Loan Interest Rate!

Looking to apply for a low home loan interest rate from an NBFC? Why don’t you quickly explore the home loan interest rates and benefits of the three leading NBFCs? Read on and decide which one to opt!

During earlier days, people used to save all their lives to invest in a home or purchase it. Not anymore, lenders such as non-banking finance companies (NBFCs) are lowering their home loan interest rates and making home loans even more affordable.

As a result, one can afford a home loan and its monthly pay-out’s such as EMI if he/she has the right home loan eligibility.

Yes, even if the home loan interest rates are low, one needs to be eligible to grab it.

Having a clean repayment history, stable employment record and not to forget a good CIBIL Score is a basic criterion to seize a better deal on home loan interest rates.

If you think you have the required home loan eligibility, you may feel confused as to which non-banking finance companies (NBFCs) to apply because they are many.

You don’t have to worry as we bring you the home loan interest rates of leading three non-banking finance companies (NBFCs).

Three NBFCs With A Low Home Loan Interest Rate – Have A Look!
Have you ever tried to understand why it’s so crucial to shop for a better home loan interest rate and never finalize a first creditor?

It’s because a home loan may continue for a longer tenor consuming your monthly saving or earnings for a longer time.

When you finalize a first lender and then find a lender with a better rate later, you may regret not enquiring with enough creditors.

As a result, when you are ready to apply for a housing loan, you should compare all creditors’ home loan interest rates available free of cost on a third-party website.

You need not go anywhere else as we provide you top lenders offering a low housing loan interest rate.

Bajaj Finserv

Bajaj Finserv is a leading Indian financial company who lends via Bajaj Finance Limited, to borrowers for various needs such as personal loan, home loans and much more.

Bajaj Finserv is presently offering a Home Loan Interest Rate of just 8.30%, making it smoking hot and hard to ignore deal. You can avail a home loan between Rs.20 lakh and Rs.10 crores with Bajaj Finserv.

You can also avail an amount less than Rs.20 lakh if your salary is less which you can see using a Home Loan EMI Calculator.

When you get a home loan at just 8.30%, you can easily control and manage your monthly cash flows as you have to pay a low EMI compared to other lenders.

Reasons why you should apply for a home loan from Bajaj Finserv

There are many more relevant reasons to opt for a home loan from Bajaj Finserv other than its low-cost 8.35% home loan interest rate. Have a quick look!

Quick Home Loan Approval And Disbursal: If you have the right eligibility criteria which you can check quickly with a home loan eligibility calculator on their website free, Bajaj Finserv also has a quick loan approval and disbursal process. They approve the home loan application instantly and disburse the money to your bank account within 24 hours.

Top Up Loan Facility: If you switch your existing home loan to Bajaj Finserv, you can avail a top up loan of up to Rs.50 lakh at a low rate which you can utilize for your other needs and aspirations.

Home Loan Refinance: Purchased a home using your own funds during the last one year? You can take advantage of the Bajaj Finserv Home Loan Refinance and grab a loan which is equivalent or less than the value of the registered property.

EMI Holiday Feature: Bajaj Finserv also provides you with a 3-month EMI grace period to assist you to manage and plan your monthly pay-out’s in a better way.

Would not you want to avail all these fabulous benefits offered by Bajaj Finserv? You can check your home loan eligibility with the home loan eligibility calculator online and apply online and save big!

Also Read: Switch Your Home Loan To Bajaj Finserv And Save Big

Aditya Birla Capital
Aditya Birla Capital is another NBFC that provides a home loan via its lending branch Aditya Birla Home Finance Limited at an interest rate ranging between 8.55% and 8.99%.

They provide a housing loan for a maximum tenor of 20 years with features such as:

1. Transparent and quick processing
2. Attractive home loan interest rates – 8.55-8.99%
3. You can select between traditional EMIs or structured payments
4. No prepayment penalties for floating rate home credits provided to individuals
5. Balance transfer option available
6. Doorstep services

Aditya Birla Home Loan Eligibility Factors

1. Minimum applicant age - 21 years
2. Loan maturity maximum age of the borrower – salaried – 60 years, 70 for self-employed
3. Loan to property value – up to Rs.30 lakh – 90%, Rs.30-70 lakh – 80% and more than Rs.75 lakh – 75%

Indiabulls Home Loan
Indibulls Home Loan is other NFBCs that offer home loans at a varying interest rate of 8.40% and 11.75%. They provide a home loan covering about 90% of the total value of the property which will differ as per your loan amount such as:

• Loan requirement – Up to Rs.30 lakh – offered property cost – up to 90%
• Loan requirement – Rs.30 lakh and up to Rs.75 lakh – offered property cost – up to 80%
• Loan requirement – Above Rs.75 lakh – offered property cost – up to 75%

Benefits of availing Indiabulls Home Loan

• Loan approval even if you are yet to decide a property
• Online home loan access and management
• Funding available even for NRI customers
• Loans for ready-to-move and under construction properties
• Doorstep services offered by experienced staff
• Quick loan processing and disbursal
• Home loan counselling services
• 5000+ pre-approved projects
• Home loan balance transfer facility available
• No prepayment and foreclosure charges

The Bottom Line
You just went through the home loan features, interest rates and benefits of some of the leading NBFCs available online these days.
If you have a home loan to avail shortly, you can quickly compare their benefits, home loan interest rates, and other elements and make up your mind easily. Happy Home Loan Hunting!