Benefits of Applying Online
When Banks Compete, you win.
Apply for a Home Loan at ApnaPaisa and we will match your requirements with the best offers from our network of over 400 service providers. We will get a maximum of five providers to compete for your business. WHEN BANKS COMPETE YOU WIN. You can then decide which home loan is best for you based on:
- Lowest Interest Rate
- Lowest EMI
- No Pre-payment charges
- Lowest Processing Fees
- Maximum Eligible Loan Amount
- Mandatory Documents Required
- Lowest Processing Fees
Or any other factor that is important to you.
Negotiating Tips
1) If you have a good credit record and your income is sufficient to justify the loan you can negotiate on interest rates. You can also try and get Processing fees or legal or valuation fees reduced or completely waived.
2) If you go for a floating rate loan then pre-payment charges are not payable.
3) When interest rates are high and are expected to go down you should go in for a floating rate loan as it makes no sense to lock into high fixed rates or the so called Dual rate loans where rates remain fixed for a couple of years before shifting to regular floating rate loans. Please review this decision at least once every 6 months
4) Take term insurance and critical illness and accidental disability policy for the full loan amount to make sure you or your loved ones don't have to worry about loan repayment should you die or are disabled due to a critical illness or accident. You cannot be forced to buy this policy from the insurance company chosen by the lender - you should choose your own insurer.
Comparison Of Oriental Bank of Commerce plans with similar plans
| Plan | Interest Rate Min | Interest Rate Max | EMI | Processing Fee |
|---|
Dhanalakshmi Bank Ltd
12.25
12.25
22371
upto Rs 20 lakh- Rs. 3500, above Rs 20 lakh-Rs. 5000
| Dhanalakshmi Bank Ltd | 12.25 | 12.25 | 22371 | upto Rs 20 lakh- Rs. 3500, above Rs 20 lakh-Rs. 5000 |
State Bank of Mysore- Floating
10.75
10.75
20305
0.50% of loan amount, maximum Rs 10000
| State Bank of Mysore- Floating | 10.75 | 10.75 | 20305 | 0.50% of loan amount, maximum Rs 10000 |
State Bank of Hyderabad - Floating
11.25
11.25
20985
0.5% of loan amount, max Rs 10000
| State Bank of Hyderabad - Floating | 11.25 | 11.25 | 20985 | 0.5% of loan amount, max Rs 10000 |
Bank of India - Floating
10.5
10.5
19968
0.5% of loan amount or min Rs 4000 and max Rs 10000
| Bank of India - Floating | 10.5 | 10.5 | 19968 | 0.5% of loan amount or min Rs 4000 and max Rs 10000 |
Kotak Bank - Floating
10.5
11.5
19968 - 21329
1.25% of loan amount
| Kotak Bank - Floating | 10.5 | 11.5 | 19968 - 21329 | 1.25% of loan amount |
Catholic Syrian Bank
11.25
11.25
20985
0.50% of loan amount
| Catholic Syrian Bank | 11.25 | 11.25 | 20985 | 0.50% of loan amount |
Syndicate Bank - Floating
10.75
10.75
20305
Rs 700 per lac or part thereof or min Rs 1000
| Syndicate Bank - Floating | 10.75 | 10.75 | 20305 | Rs 700 per lac or part thereof or min Rs 1000 |
Reliance Home Finance
13.0
13.0
23432
0.75% of the loan amount.
| Reliance Home Finance | 13.0 | 13.0 | 23432 | 0.75% of the loan amount. |
DCB
11.25
11.5
20985 - 21329
0.5% of the loan amount, min Rs 5000.
| DCB | 11.25 | 11.5 | 20985 - 21329 | 0.5% of the loan amount, min Rs 5000. |
Axis Bank - Floating
10.75
10.75
20305
1% of loan amount
| Axis Bank - Floating | 10.75 | 10.75 | 20305 | 1% of loan amount |
State Bank of Bikaner& Jaipur - Floating
10.5
10.5
19968
0.6% of loan amount, Max Rs 10000.
| State Bank of Bikaner& Jaipur - Floating | 10.5 | 10.5 | 19968 | 0.6% of loan amount, Max Rs 10000. |
Axis Bank - Fixed
11.75
11.75
21674
1% of loan amount
| Axis Bank - Fixed | 11.75 | 11.75 | 21674 | 1% of loan amount |
IDBI Bank- Floating
10.75
10.75
20305
1% of loan amount
| IDBI Bank- Floating | 10.75 | 10.75 | 20305 | 1% of loan amount |
Allahabad Bank - Floating
11.25
11.25
20985
Nil
| Allahabad Bank - Floating | 11.25 | 11.25 | 20985 | Nil |
ICICI Bank
11.0
11.0
20644
0.5% of loan amount
| ICICI Bank | 11.0 | 11.0 | 20644 | 0.5% of loan amount |
Citibank - Floating
14.0
14.0
24870
upto 1% of loan amount
| Citibank - Floating | 14.0 | 14.0 | 24870 | upto 1% of loan amount |
Punjab & Sind Bank
11.25
11.25
20985
0.5% of loan amount, Max Rs 10000/-
| Punjab & Sind Bank | 11.25 | 11.25 | 20985 | 0.5% of loan amount, Max Rs 10000/- |