Leading Home Loan Companies/ Banks in India

Leading Home Loan Companies/ Banks in India
For your Home Loan you have a wide rang of choices, There are many Public Sector Banks, Private Sector Banks & Housing Finance companies who are reay to finance your home loan. Following are few listing of some major Home Loan companies In India.
Public Sector Banks	Private Sector Banks	Housing Finance Companies
1. Allahabad Bank	1. Bank of Rajasthan Ltd.	1. AIG Home Finance India Ltd.
2. Andhra Bank	2. Citibank N.A.	2. BHW Home Finance Ltd.
3. Bank of Baroda	3. Development Credit Bank Ltd.	3. Can Fin Homes Ltd.
4. Bank of India	4. Dhanalakshmi Bank Ltd.	4.Cent Bank Home Finance Ltd.
5. Bank of Maharashtra	5. Federal Bank Ltd.	5.Dewan Housing Finance Corporation Ltd.
6. Canara Bank	6. HSBC Ltd.	6.DHFL Vysya Housing Finance Ltd.
7. Central Bank of India	7. ICICI Bank Ltd.	7. GE Money Housing Finance
8. Corporation Bank	8. IndusInd Bank Ltd.	8. GIC Housing Finance Ltd.
9. Dena Bank	9. ING Vysya Bank Ltd	9. GRUH Finance Ltd.
10. Indian Bank	10.Jammu and Kashmir Bank Ltd.	10. HUDCO
11. Indian Overseas Bank	11. Karnataka Bank Ltd.	11. HDFC Ltd.
12. IDBI Bank Ltd.	12. Karur Vysya Bank Ltd.	12.ICICI Home Finance Company Ltd.
13. Oriental Bank of Commerce	13.Kotak Mahindra Bank Ltd.	13. IDBI Home Finance Ltd.
14. Punjab & Sind Bank	14. South Indian Bank Ltd.	14. Indiabulls Housing Finance Ltd.
15. Punjab National Bank	15.Standard Chartered Bank Ltd.	15. LIC Housing Finance Ltd.
16. State Bank of India	16. Axis Bank Ltd.	16.Mahindra Rural Housing Finance Ltd.
17. State Bank of Bikaner and Jaipur	17. Yes Bank Ltd.	17.Manipal Housing Finance Syndicate Ltd.
18. State Bank of Hyderabad	18. Lakshmi Vilas Bank Ltd.	18.National Trust Housing Finance Ltd.
19. State Bank of Indore		19. PNB Housing Finance Ltd.
20. State Bank of Mysore		20. Repco Home Finance Ltd.
21. State Bank of Patiala		21.Sahara Housing Finance Corporation Ltd.
22. State Bank of Saurashtra		22.Sundaram BNP Paribas Home Finance Ltd.
23. State Bank of Travancore
24. Syndicate Bank
25. UCO Bank
26. Union Bank of India
27. United Bank of India
28. Vijaya Bank

What is My Home Loan Eligibility

What is My Home Loan Eligibility

Most companies give home loan up to a maximum of 85% of the cost (including the registration cost) of the house for a loan upto Rs.20 Lakhs & 80% of the cost above Rs. 20 lakhs. However in case of Plot purchase the maximum 75% of the cost of the loan is being financed. Balance 15%/20%/25%, sometimes called 'seed money', has to be invested by the loan applicant upfront from its own sources.

The amount, for which the applicant is eligible, is determined by the age, income, no. of dependents, monthly outgoing and repayment capacity. Normally the companies/Bank consider house loan upto 50% MLSC (Monthly Loan Servicing Charge i.e, EMI) of the net income of the applicant. However the MLSC can go high depending upon the Profile, age, No. of Dependents of the applicant.

Calculation of the Monthly net income is done for Individuals having salaried Income is the current salary he/she is getting in his bank accounts, other parks may be included depending upon the company/banks Policy at some discounted value. For the Individuals having business income is the average of 3 years ITR. Capital Gain & any other income of inconsistent in nature is not considered while income calculation of the applicant. Furthermore the current loan EMI the applicant is paying is also been deducted from the income while appering at the eligible income.

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