Explore home loan options from leading housing finance companies and banks in India. Housing Finance Companies (HFCs), a category within Non-Banking Financial Companies (NBFCs), provide tailored solutions for various housing needs such as purchasing, renovating, or expanding a home. To find the right lender for your requirements, compare interest rates, repayment tenures, and processing fees from the available options. Here’s a curated list of the top housing finance companies in India for 2024 to help you make an informed choice.
Leading Housing Finance Companies in India for 2024 – 2025
Discover the top Housing Finance Companies in India that are shaping the home loan market today. Here’s an updated list to help you find the best options available:
- Aadhar Housing Finance Limited
- Shubham Housing Development Financing Company
- Aditya Birla Finance Limited
- Bajaj Housing Finance
- L & T Finance
- ICICI Home Finance Company Limited
- Piramal Capital and Housing Finance Limited
- LIC Housing Finance Limited
- PNB Housing Finance Limited
- Tata Capital Housing Finance Limited
Comparison of Interest Rates among Top Housing Finance Companies in India
Here’s a detailed comparison of the current interest rates offered by leading housing finance companies in India to help you make an informed decision:
1. Aadhar Housing Finance Limited
| Loan amount | Up to 80% of the property cost; (Max: 1 crore) |
| Rate of interest | 11.75% – 16.50% |
| Tenure | Up to 25 years |
| Processing fee | Up to Rs.3500 + Applicable GST |
Aadhar Housing Finance Limited provides affordable Home Loan solutions specifically tailored for low-income group borrowers. With a minimum salary requirement of just ₹5,000, individuals can apply for loans to build their homes, with loan amounts extending up to ₹1 crore. The loan-to-value (LTV) ratio starts at 80%, and the loan tenure can go up to 30 years, ensuring a long repayment period.
Aadhar HFL evaluates eligibility based on factors like age, income stability, qualifications, co-applicant income, number of dependents, assets, liabilities, and saving habits. The company offers a variety of loan options, including Home Construction Loans, Plot Loans, Home Improvement Loans, Home Extension Loans, Balance Transfer Loans, and Loans against Property, to meet different customer needs.
2. Shubham Housing Development Finance Company
| Loan amount | Up to Rs.50 Lakhs |
| Rate of interest | 10.45% – 18.00% |
| Tenure | Up to 30 years |
| Processing fee | NIL |
Shubham Housing Development Financing Company offers home loans to a variety of customers, whether you’re salaried, self-employed, or earn cash income. Whether you’re looking to purchase a property, buy and build on a plot, construct a new home, refinance, or renovate, this loan has you covered. To apply, you just need to be at least 21 years old when you apply and no older than 70 years at the time of loan maturity. Plus, you should be a resident of the city where Shubham HDFC operates.
The best part? You don’t need a guarantor to apply. All property owners will be co-applicants, and you can borrow up to Rs 50 Lakh for a loan term of up to 30 years, with interest rates starting from 10.45% and going up to 18.00%. You can apply home loan either online or offline—whichever way is easier for you!
Use Shubham Housing Finance home loan EMI calculator to determine your monthly EMI by entering loan amount, tenure, and interest rate.
3. Aditya Birla Housing Finance Limited
| Loan Amount | 75% to 90% of the property value |
| Rate of interest |
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| Tenure | Up to 30 years |
| Processing fee | Up to 1% of the loan amount + GST |
Aditya Birla Housing Finance offers Home Loans at competitive interest rates with flexible terms and a maximum tenure of up to 30 years. The application process is designed to be fast and transparent, ensuring a smooth experience for borrowers. Applicants can apply either online or offline, based on their convenience. With a robust pan-India branch network, the company also provides doorstep services to make the process easier for customers. Additionally, there are no prepayment charges on floating-rate Home Loans, and affordable balance transfer options are available for eligible borrowers.
To apply for an Aditya Birla Housing Finance Home Loan, the applicant must be at least 21 years old, with the maximum age limit for loan maturity being 60 years for salaried individuals and 70 years for self-employed individuals. The loan amount is based on the Loan to Property Value (LTV) ratio:
- Up to ₹30 Lakhs: 90% LTV
- ₹30 Lakhs to ₹75 Lakhs: 80% LTV
- Above ₹75 Lakhs: 75% LTV
Interest rates for Home Loans start from 8.50% for both salaried and self-employed individuals, and a processing fee of up to 1% of the loan amount is charged.
4. Bajaj Housing Finance Limited
| Loan amount | Up to Rs.3.5 Crore |
| Rate of interest | 8.50% – 15.00% |
| Tenure | Up to 30 years |
| Lowest EMI possible | Rs. 769 Lakh |
| Processing fee | 0.5 % |
Bajaj Housing Finance offers home loans of up to ₹3.5 crore for purchasing, constructing, or developing a residential property. The loans come with attractive interest rates and flexible terms, ensuring a customized solution for borrowers. The NBFC also provides convenient repayment options, giving borrowers the flexibility to manage their finances effectively.
To be eligible for a Bajaj Housing Finance Home Loan, applicants must have a minimum monthly income of ₹30,000, making it a suitable choice for individuals with steady earnings.
5. L & T Finance
| Loan amount | From Rs.3 lakh to Rs.10 crore |
| Rate of interest | 8.65% |
| Tenure | Up to 30 years |
| Processing fee | Up to 3% |
L&T Housing Finance offers home loans with a maximum tenure of up to 30 years, catering to various financial needs. Loan amounts range from Rs.3 lakh to Rs.10 crore, with attractive interest rates. Borrowers have the option to choose between fixed or floating rates, depending on their preference. The loan can cover up to 90% of the property value, making home ownership more accessible for a wide range of customers.
These loans can be availed for purposes such as plot purchase, house construction, home improvement, house extension, balance transfer, and top-up loans. Only self-employed non-professionals or professionals with a fixed monthly income from approved financial institutions are eligible to apply for L&T Housing Finance home loans, offering flexibility and options for those with stable income sources.
6. ICICI Home Finance Company Limited
| Loan amount | Up to Rs.5 Crores |
| Rate of interest | 8.75% |
| Tenure | Up to 30 years |
| Processing fee | 0.75% of Loan Amount |
ICICI Housing Finance Loan is a comprehensive solution for all types of home buyers, catering to both salaried individuals and self-employed borrowers. The loan amount ranges from Rs.3 lakh to Rs.5 crore, making it a flexible option for various home buying needs. The online application process is quick and easy, taking no more than 10 minutes to complete, and ICICI HFC promises disbursement within 72 hours.
Applicants can also apply with a co-applicant, and adding a woman co-borrower can help enhance home loan eligibility while securing a lower interest rate. The maximum loan tenure offered is 25 years, providing ample time for repayment. ICICI HFC ensures a personalized loan experience, tailored to meet individual borrower requirements, and is available to both Indian residents and non-resident Indians.
7. Piramal Capital and Housing Finance Limited
| Loan amount | From 20 lakh to 10 crores |
| Tenure | Up to 30 years |
| Maximum age | Maximum age for applying is 70 Years |
| Minimum age | 21 years |
| Interest rate | 9.50% |
| Income eligibility | Rs. 40,000 and above |
| Pre-payment fees, | Nil |
| Processing fees | Rs. 3500/- + GST |
Piramal Capital Housing Finance provides a seamless and flexible financing solution for individuals looking to own their dream home. Whether you’re a salaried employee, a self-employed individual, or a non-individual entity, Piramal offers home loans covering up to 90% of the property value. The interest rates are tied to the Retail Prime Lending Rate (RPLR), and they adjust in response to any changes in the RPLR. Currently, the starting interest rate for Piramal Capital & Housing Finance home loans is 9.50% per annum. This makes it an attractive option for those seeking to purchase, construct, or renovate their homes with easy-to-manage repayment plans.
8. LIC Housing Finance Limited
| Loan Amount | Up to 15 Crore |
| Rate of interest | 8.50% |
| Tenure |
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| Processing fee | Up to 0.50% of loan amount |
LIC Housing Finance (LIC HFL) offers flexible and convenient home loan solutions catering to a diverse range of customers, including salaried individuals, self-employed professionals, NRIs, and more. Customers have the freedom to apply for home loans either online or offline, depending on their preference. With a maximum loan tenure of up to 30 years or until the borrower reaches 60 years of age at the time of repayment, LIC HFL provides ample flexibility in repayment options.
The home loan can be availed for various purposes, such as the construction or purchase of a house/flat from private developers or housing boards, as well as for repairs or renovations of an existing property. LIC HFL also offers competitive takeover and balance transfer options for those looking to switch their existing home loans for better terms.
Currently, LIC HFL home loan interest rates start as low as 8.50%. Loan amounts range from ₹20 lakhs to ₹5 crores, with a nominal processing fee of 0.25% of the loan amount, making it a practical choice for homebuyers.
9. PNB Housing Finance Limited
| Loan Amount | From ₹20 lakh to ₹20 crore |
| Rate of interest | 8.50% |
| Tenure | Up to 30 Years |
| Processing fee | Up to 0.50% of the loan amount |
| Prepayment/ Foreclosure Charges | Nil for floating home loan |
PNB Housing Finance is a prominent name among housing finance providers in India, offering a variety of home loan options to cater to a diverse customer base. With interest rates starting as low as 8.50% per annum, both Indian residents and NRIs can benefit from their services. Customers can apply online or offline, depending on their convenience, and take advantage of the company’s extensive branch network across the country.
Loans are available from ₹20 lakh to ₹20 crore, ensuring flexibility for different property requirements. For individuals from lower-income groups, the PNB Unnati Home Loan is a tailored option to meet their needs. Applicants must be at least 21 years old to apply for a PNB HFL Home Loan, making it an accessible choice for aspiring homeowners.
10. Tata Capital Housing Finance Limited (TCHFL)
| Loan Amount | Up to ₹10 crores |
| Rate of interest | 8.75% |
| Tenure | Up to 30 years |
| Processing fee | 0.5% of the loan amount + GST |
Tata Capital stands out as a leading Housing Finance Company (HFC), offering flexible home loan solutions to cater to the varied needs of its customers. Indian residents can avail of home loans up to ₹5 crores, while NRI applicants can access loans up to ₹10 crores. These loans are designed to support multiple purposes, including purchasing a plot, constructing a new home or apartment, or extending and improving existing properties.
Currently, Tata Capital is offering home loans at competitive interest rates starting from 8.75% for a limited period, with the final rate depending on the applicant’s profile. Additionally, the processing fee is attractively low at just 0.20% of the sanctioned amount. Borrowers can opt for a maximum tenure of 30 years, making it a convenient choice for managing long-term financial commitments.
