Is Icici Good For Home Loan?

Which home loan is better HDFC or Icici?

Which is a better bank for Home Loan – HDFC or ICICI Bank.

HDFC offers lower Home Loan EMI at ₹ 659 on a Home Loan for 30 Years as compared to ICICI Bank with a minimum EMI of ₹ 696 for 30 Years.

Average customer ratings for HDFC is currently at 4.5/5.0 which makes it a good choice for taking a Home Loan..

Who is the No 1 bank in India?

HDFC Bank: HDFC Bank has been ranked India’s No. 1 Bank in forbes’ world’s Best bank report. It has 88,253 permanent employees as of 31 March 2018 and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is India’s largest private sector lender by assets.

What is the EMI for 10 lakhs home loan?

Banks which are offering 10 Lakh home loan amount at 8.00% rate of interest….Emi Calculated on 8.00%.Monthly Payment (EMI)Total Interest Payable in 20 yearsTotal Payment (Principal + Interest) after 20 years for 10 Lakh of loan amountRs.8364.04Rs.1007465.17Rs.2007465.17

Can I take 2 home loans?

So, although, you can take home loans for more than one property, the aggregate amount of deduction shall be restricted to Rs 1.5 lakhs, for repayment of the principal amount of all the home loans taken together. … Likewise, there is no provision for reversal of tax, in case you repay your loan within five years.

Which bank is best for home loan?

Best Bank for Lowest Home Loan Interest RateCitibank banks are the best choice for home loans with their lowest interest on home loan starting from 6.75%.Axis bank, ICICI Bank, and Kotak Bank are the best banks for home loan as they have quick loan disbursal with low-interest rates.More items…

Which bank gives cheapest home loan?

These 10 banks are offering the lowest home loan interest rates for salaried individuals.BANK NAMERLLRMaximum Interest RateICICI Bank6.958.05Indian Bank6.807.40Kotak Mahindra Bank7.408.60Indian Overseas Bank6.857.306 more rows•Dec 11, 2020

How do I know my home loan interest rate?

Here are five ways to find the interest rate on your home loan:Check your lender’s list of rates.Check your mortgage statement.Online Banking.Mobile banking.Calling/visiting them!

Which bank is best SBI or HDFC?

The State Bank of India (SBI), the largest bank in India, is only worth one-third of HDFC Bank, which in its own right, is the largest private sector bank in the country….BankMarket capitalisation as of May 4State Bank of India₹1.6 lakh croreHDFC Bank₹5 lakh croreMay 5, 2020

What is current SBI home loan rate?

7.70%For First Five Years EBR 6.65%LOAN AMOUNTApplicable Interest RateUp to Rs 30 LacsEBR + 105 bps ER: 7.70%Above Rs 30 Lacs to Rs 75 LacsEBR + 115 bps ER: 7.80%Above Rs 75 LacEBR + 125 bps ER: 7.90%

How much loan I can get if my salary is 60000?

If you take a personal loan for a maximum of 5 years, then your loan amount will be ₹ 36,000*12*5 = ₹ 21,60,000. However, the multiplier is 20, then the loan amount will be ₹ 60,000*20 = ₹ 12,00,000. Therefore, the amount you will get on ₹ 60,000 salary is ₹ 12,00,000.

How much loan I can get if my salary is 25000?

If your earning Rs. 25,000 per month, your maximum EMI towards a personal loan can be up to Rs. 12,500. Most lenders determine the maximum loan amount up to 10 times of your monthly salary.

Is Icici Bank better than HDFC?

Employee Ratings. ICICI Bank scored higher in 1 area: Work-life balance. HDFC Bank scored higher in 6 areas: Overall Rating, Career Opportunities, Compensation & Benefits, Senior Management, CEO Approval and Positive Business Outlook. Both tied in 2 areas: Culture & Values and % Recommend to a friend.

What is the home loan interest rate in Icici Bank?

Comparison of ICICI Bank Home Loan with other BanksParticularsICICI BankHDFCInterest Rate7.45% – 8.15%6.90% – 8.20%Processing FeesUpto 0.50% Min ₹ 5,000 Max ₹ 5,000Upto 0.25% Min ₹ 3,000 Max ₹ 10,000Loan Tenure30 Years30 YearsMaximum Loan Amount₹ 7 Cr₹ 5 Cr3 more rows•3 days ago

How can I reduce my home loan interest rate in Icici Bank?

With interest rate conversion option, the existing customers of home loans of ICICI Bank can reduce their current rate of interest by opting for a lower rate. The customers can switch from fixed rate to floating rate.

Which home loan is better SBI or HDFC?

SBI offers cheaper loan options. SBI charges a lower processing charge compared to the same charged by other banks. SBI charges a processing fee of 0.20% while HDFC charges @ 0.25%. If you want to go for a higher loan amount, you should go for HDFC because its higher processing fee is lower than that of SBI.

What is the EMI for 20 lakhs home loan?

Housing Loan Interest CalculatorEMI for various home loan amounts15 years20 years₹ 16 Lakh₹ 14,159₹ 12,166₹ 20 Lakh₹ 17,698₹ 15,207₹ 25 Lakh₹ 22,123₹ 19,009₹ 30 Lakh₹ 26,547₹ 22,8111 more row

Which is the most trusted bank in India?

List of Best, Safe Banks in India1) HDFC Bank. If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. … 2) State Bank of India. … 3) ICICI Bank. … 4) AXIS Bank. … 7) Kotak Mahindra Bank, IndusInd Bank.

Can we pay Icici Home Loan Online?

Online Loans Payments (Using Net Banking) With Click To Pay, you can now use the NetBanking facility of other bank accounts to pay your ICICI Bank loans outstanding payment.