Banks and non-banking financial companies both offer home loans (NBFCs). NBFCs include Housing Finance Companies (HFCs). By evaluating the duration, interest rate, and processing costs offered by each, you can decide whether to go with a bank or an HFC. Let’s take a look at some of the country’s best housing finance providers.
- Easiloan – Many people have aspirations of purchasing a property. But obtaining a home loan in India may be a lengthy, paper-intensive process that requires numerous levels of approval and verification as well as in-person visits to institutions. Home loans as a product are the one area of the financial services industry that technology has yet to disrupt, despite the fact that we live in a digital age. Easiloan, India’s first digital marketplace for house loans, is aware of this and is working to close the gap by solving the current inefficiencies in the home loan process. This will allow Indian homebuyers to have a hassle-free experience and buy their dream home with a reliable solution.
- HDFC Housing Finance – Plot loans, loans for rural homes, loans for home improvements, and loans for home extensions are just a few of the several home loan options that HDFC Housing Finance offers. Starting at 8.55 percent, house loan interest rates are set. The home loan programmes are open to salaried and self-employed Indian residents between the ages of 18 and 65.
- Bajaj Finance – A financial services firm with its headquarters in Pune, has surpassed leading home lender Housing Development Finance Corporation to rank as the eighth largest company in the Indian market in terms of market capitalization.
In order to expand a digital community for its lending and credit company, Bajaj Finance is making every effort. It has now consolidated all of its services into a single app and has phased out the use of traditional credit cards. Customers can use the app to arrange loans, pay them back, obtain EMI cards, check their savings accounts, purchase investments, and more.