Buying a property is not as easy as it seems to be but one of the best ways to invest your money for a secure future. Buying a property on a loan is the best way to buy a land where you can give money month wise. In simple words mortgage loan means getting a loan for a property by securing your fund. There are many banks that provide home loans. Some of the best banks for mortgage loan interest rates sbi, hdfc, axis, ICICI and many other banks have different rate of interest depending on the loan amount taken.
HDFC Bank is one of the best banks to get a mortgage loan. The interest rate in this bank is from 9.65% onwards for the loan amount up to 60% of the mortgaged property’s market value. The loan tenure in this bank is up to 15 years.
ICICI Bank can also be one of the best choices for getting a mortgage loan. The interest rate in this state is 10.20% that is the floating rate and 11.95% onwards is the fixed rate. The loan amount here is up to 5 crores INR and the loan tenure is up to 15 years.
State Bank of India
This bank is also one of the best banks that you can choose to sanction your loan amount. The mortgage loan interest rates sbi starts from 10% onwards. The loan amount allowed here is up to 7.5 crore and the loan tenure is up to 15 years.
Axis Bank can be also included in your list for mortgage loans. The interest rate in this bank starts from 11%. The loan amount could be given till up to 5 crores. The loan tenure in axis is allowed up to 20 years.
These are the loan amount, loan tenure and mortgage loan interest rates sbi, HDFC, Citi bank and many other banks from which you can choose any one depending on your requirements and preferences. There are many other benefits or taking loan. We hope you have got all the information you were looking for and found it interesting and helpful. For any further doubts or quires, do contact us by filling in the contact form. Keep visiting to not miss out on any latest post related to loans, buying property and selling property.
Stay Connected and Thank You for Visiting!!