Top 10 Best Home Loan Companies in India 2022

Buying a new house is a matter of pride and prestige for any family in India. With housing prices still unaffordable for the common man, taking home loans have become an increasingly common way to finance the high upfront costs of purchasing a house. However, some companies charge very high interest rate and service charges, which can increase the financial burden of servicing the loan. It is very important to choose the right home loan company to get the lowest rates, best services and flexible payment options for your home loan.

Here is our list of the top 10 home loan companies in India 2021:

Housing Development Finance Corporation (HDFC)

The biggest private sector lender in India, HDFC Housing Finance offers some of the most competitive home loan rates in India. With interest rates starting from 6.75% and a servicing fee of 0.5%, it aims to provide affordable home loans for everyone across India. A specialized home loan and mortgage lender since 1977, it is one of the most affordable and accessible home loan providers in India.

State Bank of India (SBI)

The largest bank in India and the market leader in the home loan segment, SBI is a popular choice for home loans in India. Its home loans start from an interest rate of 6.7%, and have a processing fee of 0.4% up to Rs.30000. Due to its vast reach and affordability, it is one of the best companies to get a home loan from in India.

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Kotak Mahindra Bank

A rising company in the home loan segment, Kotak Mahindra Bank offers an interest rate of 6.65%, the lowest among all lenders in the current time. It has a processing fee of 0.5% plus statutory dues, and no prepayment charges up to 25% of the home loan value in every 6 months. Its focus on providing the best customer service makes it one of the top choices for home loans in India. 


A leading private sector home loan provider, ICICI Bank provides home loans at a competitive interest rate of 6.75% and a processing fee of 0.5% plus taxes. ICICI Bank offers various types of home loan plans to meet the needs of its variety of customers, and is a great choice for obtaining home loans in India.


A fast-growing financial services provider, IDBI Bank provides cheap and affordable home loans in India. It offers a low interest rate of 6.8%, and unlike other home loan companies, it has a fixed processing fee ranging from Rs. 3500 to Rs. 20000 depending on the size of the loan. It has a wide reach with 1800+ branches and 75 loan processing centers, and is one of the best home loan providers in India. 

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LIC Housing Finance

A subsidiary of the largest life insurance company in India, LIC Housing Finance is one of the largest public home loan companies in India. It provides an interest rate of 6.9%, and has minimal processing fees for eligible plans. It also offers zero prepayment penalty, and is one of the leading companies for home loans.

Punjab National Bank (PNB)

A reputed public sector bank, home loans offered by Punjab National Bank have an attractive interest rate starting from 6.8%, and a processing fee of 0.35% up to a maximum of Rs. 15000. It also offers overdraft and top-up facilities to its borrowers, and has no prepayment penalty for floating interest rate loans, making it an attractive choice for home loans.

Bajaj Finserv

A growing company in the home loan industry, Bajaj Finserv aims to make the home loan process easy and smooth for its customers. It offers starting interest rates from 6.75% under the Pradhan Mantri Awas Yojana (PMAY) scheme, and charges a processing fee of 0.8-1.2%. Its features such as top-up loans, no foreclosure and prepayment charges, minimal documentation and easy-to-use digital customer portal make it one of the top companies for home loans in India.

Axis Bank

One of the leading private banks in India, Axis bank also provides competitive home loans for its customers. It has a starting interest rate of 6.9% and a minimum service fee of Rs. 10000 up to 1% of the loan amount. It has no prepayment charges and offers long tenures up to 30 years, and is a reliable provider of home loans in India.

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L&T Housing Finance

A subsidiary of L&T Finance, L&T Housing Finance is building a strong position in the housing loan industry. It offers a starting interest rate of 7.7% and has competitive processing fees. What makes it a great choice for home loans is that it provides home loans up to 10 crores and 90% of the property value, and offers a maximum tenure of 30 years up to the age of 65, which make it attractive for customers who want a longer tenure and need a larger loan amount.

That ends our list of the best home loan companies in India. When taking a home loan, it is very important to compare not only the company’s interest rate, but also service and processing charges and extra features such as top-up loans and prepayment facility. Additionally, the interest rate one receives is also determined by other factors such as credit score, age, bank statements etc. Hence, it is very important to choose the best companies that provide you with the most affordable home loans in the market.


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