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A home loan has a lengthy process and contains numerous conditions. That is why here we assess five major points in the home loan with low interest rate process of public and private banks. a) Interest rate Updation: Private banks are slow to move their interest rate even for existing customers as per the changes in repo rate by RBI. Whereas, in the case of public banks with the change in repo rate interest rate for new as well as existing customers is normally moved. b) Prepayment Charges: Private banks charges an additional percentage fee on outstanding loan amount when you prepay your existing loan. Public banks do not have any prepayment charges. c) Prepayment Limit: Private banks also tend to set the limit on the amount of prepayment which can be done at one time. They would for example have. 25% of outstanding loan as a limit for one-time prepayment. Public banks do not have such conditions. d) Prepayment Period: Private banks have a lock-in of 6 months to 1 year bef...

To refinance yourself to buy a dream house, one opts for a home loan to turn his dream into a reality. There are several numbers of home loan providers in Delhi NCR that offers the best home loans with attractive deals and offers. Before you apply for a home loan, you should compare and cross-check the terms and conditions different lenders are offering and choose the best one that fulfills your requirement. As stated above, some of the leading home loan financial institutions that offer the best rates on home loans along with some other perks and benefits are ICICI Bank, Axis, DHFL, HDFC, SBI. Almost all of these lenders follow the same eligibility criteria in order to get a home loan. You get a loan only when you pass their eligibility criteria. They also have a very hassle-free process for applying for loans, simple documentation or minimum documentation criteria, zero collateral requirements, NIL processing fee, no additional charges and lots more. However, it is wiser to c...