Top Home Loans for 2021

By | December 24, 2020

In the aftermath of the COVID-19 pandemic, real-estate prices have crashed while Home Loan rates have fallen to historical lows. We’ve lined up the top Home Loans for you to help finance your dream home.

The COVID-19 pandemic shook everything up in 2020, making the year one for the record books. One of the fallouts of sweeping lockdowns, remote working and large-scale retrenchment was the crash in property prices and distress sales of land and housing. With the fall in Home Loan rates, the property market quickly turned into a buyer’s market. 

If you’ve been mulling the idea of buying your own home, 2021 could be the year to take the plunge. And to help you do just that, we’ve lined up the top Home Loans in the market to help you finance your new digs.  

PNB Housing Home Loan 

Our pick for: No preclosure or part-payment fees
Other plus points: No guarantor needed

Interest Rate: 8.60 – 9.45% p.a. (floating)
Loan Tenure: 1 to 30 years 
Loan Amount: Rs. 8 lakhs onwards
Processing Fee: Up to 0.25% of loan amount (max. of Rs. 15,000; one-time fee) 

Apply Here >>

Additional Reading: Why You May Not Get A Home Loan Despite Having A Good Credit Score

Union Bank of India Home Loan 

Our pick for: Relatively low rate of interest
Other plus points: Npreclosure or part-payment fees, no guarantor needed

Interest Rate: 6.90% – 7.17% (floating)
Loan Tenure: 1 – 30 years
Loan Amount: Rs. 25 lakhs onwards
Processing Fee: Up to 0.50% of loan amount (max. of Rs. 15,000; one-time fee)

Apply Here >>

Additional Reading: Ask Yourself These Questions Before Taking A Home Loan Now

HDFC Ltd. Home Loan

Our pick for: Special offers for women applicants
Other plus points: No preclosure and part-payment fees, no guarantor needed, quick approval time (4 days)

Interest Rate: 6.95% – 7.50% (floating)
Loan Tenure: 1 – 30 years
Loan Amount: Rs. 5 lakhs to Rs. 10 crores
Processing Fee: Up to 0.50% of loan amount (max. of Rs. 11,800; one-time fee)

Apply Here >> 

All set to get that Home Loan in 2021? Loan application approval is easier if you have a Credit Score of over 700. Unsure of where you stand? Get your free Experian Credit Score and free analysis report here

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit for the latest rates/offers.
Category: Home Loans

About Sarita

Sarita is Head of Product Content, Design & Customer Voice at BankBazaar. She is passionate about languages, writing, reading, animals and new travel experiences. She dreams of a Utopian world filled with wagging tails, perfect grammar and non-fractured funny bones.

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