A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • loading

    Franking Charges on Home Loan

    We found 46 Franking Charges on Home Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.5% - 8.7% Floating
    Up to 0.5% (min. ₹5750) One time fee
    5L Min
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.65% - 8.70% Floating
    0.35% (max. 10,000) + S.T.
    15L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.40% - 8.85% Floating
    0.5% (min. ₹11,500) One time fee
    5L - 10Crs
    3-30 Years
    Response Time Within 30 minutes
    Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.35% - 8.60% Floating
    Up to 0.5% (max. ₹11,500) One time fee
    5L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.40% - 10.05% Floating
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.70% - 9.25% Floating
    0.50% (min. ₹10,000) + S.T.
    12L - 5Crs
    1-20 Years (10 yrs plot loan)
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good To Know
    Eligibility Criteria
    8.65% - 11.75% Fixed/Floating
    0.50% (min. ₹10000) One time fee
    5L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.5% - 8.55% Floating
    10,000 + S.T. One time fee
    40L - 5Crs
    1 - 25 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12.5% - 17% Fixed/Floating
    2% One time fee
    2L - 1Cr
    1-20 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good To Know
    Eligibility Criteria
    8.55% - 8.99% Floating
    ₹5,000 to ₹10,000 + S.T. One time fee
    20L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.67% Floating
    1% One time fee
    5L - 5Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.10% - 9.89% Floating
    0.5% One time fee
    30L - 5Crs
    3-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good To Know
    Eligibility Criteria

    Franking Charges on Home Loan is Rated as "Great!" by 22213 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    Overview:

    Your home loans come with a variety of hidden or undisclosed charges which will be revealed only once your loan is approved and the processing begins. One such charge is the franking or stamping charge.

    Franking is a process of confirming the payment of stamp duty. Earlier, printed stamp papers were the only means of confirming stamp duty payment. So any document on which stamp duty has been paid would be printed on a non-judicial stamp paper earlier. However, this led to stamp paper scams in the 2000s involving counterfeiting of stamp papers, the most notable of which was the one involving Abdul Karim Telgi. Through fake stamp papers, the government is estimated to have lost around Rs. 320 billion.

    Franking process was introduced as an alternative to stamp papers in order to curb stamp paper forgeries. So when you pay the stamp duty – the tax payable to the government for legalising documents – at authorised banks or franking agencies, the bank/agency will put a stamp on the document to certify that the stamp duty has been paid. This “franking” will be done by putting a special adhesive stamp on the document with a franking machine. This confirms that the stamp duty has been paid, without having to deal with anything that could be forged.

    Franking has to be done for your property sale documents as well as the loan agreement. Franking charges, being a government levy, differ from state to state. Franking charges in Karnataka, for example, are a minimum of 0.1% of the sale value or the loan. So if the property you are buying is worth Rs. 45 lakh, your franking charges would be Rs. 4,500. This amount will be deducted from stamp duty, which also varies among states, and registration fees. Currently, in Bengaluru, the stamp duty is 5.6%, so if the franking charge is deducted, you will have to pay 5.5% of the property value in addition to registration fees.

    Another 0.1% franking charge will have to be paid on the loan agreement. This means that a total of 0.2% – at the very least – will be spent on authenticating your documents. Please check the franking charge in your state before you begin loan procedure so that the amount does not shock you.

     Loading your search... Loading your search...
  • Franking Charges on Home Loan Reviews

    • LIC Housing Home Loan
      "Excellent"
      0.5 3.0/5 "Satisfactory"
      I am quite happy that my home loan has been approved by LIC of India and It was pretty hassle pretty hassle free, documentation part was really bad after submitting all the documents they are calling every 15 to 20 days and saying please provide this documents that documents and all. Processing time was around 2.5 months but I had to take loan so only I am ok & satisfied with the services offered by LIC. Rate of interest is 9% & documentation charges where 4000 rupees.
      Was this review helpful? 1
      , vadodara
      Reviewed on May 25, 2017
    • ICICI Bank Home Loan
      "Average Service"
      0.5 1.0/5 "Really Bad"
      Once I approached ICICI bank for a housing loan. When I was inquiring with them about the loan process, they quoted some high rate of interest. I was totally disappointed becasue they are not considering the customers account history and their promptness but blindly they are quoting the highest interest rate. So I stopped approaching ICICI for the loans. I recently taken the loan from SCB.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 25, 2017
    • DHFL Home Loan
      "Response has to be improved"
      0.5 3.0/5 "Satisfactory"
      DHFL service is not up to the mark, they wont respond well for any queries. But their loan process was good but their response has to be improved. I have the loan amount of Rs.10 lakhs for the tenure of 15 years, I already paid it for five years remaining I should pay for ten y ears. They offered the interest rate of 12% on home loan
      Was this review helpful? 1
      , coimbatore
      Reviewed on May 25, 2017
    • review Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      CANFIN Homes Ltd provided fast service on home loan, within ten days of time they sanctioned the loan. Process was made simpler, where I had to submit the required documents to them, they had done a great job. I have taken the amount of Rs.17 lakhs with the tenure of 20 years with the interest rate of 8.7% it is floating one, I am very much happy to avail their service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 25, 2017
    • Citibank Home Loan
      "Descent"
      0.5 3.0/5 "Satisfactory"
      I got the home loan with the CITI bank and the interest rate was around 8.5% and now they have increased it up to 14% like I got it before thirteen years of time. Tenure is around four to five years of times are remaining. Rest of the rate of interest everything works in the good way.
      Was this review helpful? 1
      , satara
      Reviewed on May 24, 2017
    • Axis Bank Home Loan
      "Good Response"
      0.5 5.0/5 "Blown Away!"
      Last year I had taken a housing loan from Axis bank. The interest rate is of 9% and I am comfortable with the bank. If I get lesser interest rate than this with any other bank, I will transfer my loan. Customer service provided by them is wonderful
      Was this review helpful? 0
      , thrissur
      Reviewed on May 24, 2017
    • Punjab National Bank Home Loan
      "Excellent and Quick Service"
      0.5 4.5/5 "Excellent!"
      I am from Chennai. I contacted through an online channel. Instantly they started working on from next day. Especially that Representative name Mr.Rajasekaran who is very active, even he is updating each and every day status. If our documents are very crystal clear, they will complete within 7 days. Even he done my loan process within 9 days (including Sat-Sun). Though, Bank is not provide us to check the loan status upfront, but Rajasekaran updating every single activities in the bank. Also, I would thanks to Mr. Vinoth (his manager). Thanks Elumalai J.
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2017
    • Federal Bank Home Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      I got the home loan with the Federal bank by 2015 and the rate of interest was around 8.75%, which is floating, also its reduced one. By very next month RBI repo rate will be applicable to the customer EMI. I got around 80% of the cost of home as loan and the collateral is a primary security.
      Was this review helpful? 0
      , ahmednagar
      Reviewed on May 23, 2017
    • SBI Home Loan
      "Better Service"
      0.5 4.0/5 "Great!"
      In the year of 2014, I had taken a home loan from SBI. The rate of interest was around 10.15% at that time. EMI will be deducted from my salary account every month, so I do not have any interactions with the customer service executives till date.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 23, 2017
    • Punjab National Bank Home Loan
      "overall good experience"
      0.5 4.0/5 "Great!"
      I have overall good experience with this home loan provider in terms of customer service and prompt response. This got better after they have ticketing system on service request on newly launched customer portal. If office is in reachable distance your all concerns will be addressed for sure.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 22, 2017
    • Bank Bazaar Customer Support
      "Awesome "
      0.5 4.5/5 "Excellent!"
      Bankbazaar.com process was good one for me and all the bankers have approached regarding the preferences. Website of the Bankbazaar.com is good and I got instant response and everything works in a very good manner with Bankbazaar.com..
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 22, 2017
    • SBI Home Loan
      "Better "
      0.5 4.0/5 "Great!"
      I got the approval letter from the State bank of India for my home loan. Rate of interest was around 9% and I was not okay with that. Response and other aspects are good with them . Being an under construction property, the loan amount will be get disbursed shortly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 22, 2017
    • Bank Bazaar Customer Support
      "Wonderful "
      0.5 3.0/5 "Satisfactory"
      I am using Bankbazaaar.com from the last three to four months of time. I am happy with Bankbazaar.com in every aspect. I had got a call from them as per their commitment, what they had given for my inquiries also I am very much happy with the service provided by them.
      Was this review helpful? 0
      , chennai
      Reviewed on May 22, 2017
    • HDFC Limited Home Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      Communication part was not good with the HDFC limited on my home loan like that did not stick to their commitments. Rate of interest was not at all constraint and I would like to suggest that they need to call the customer at a specified time..
      Was this review helpful? 0
      , chennai
      Reviewed on May 22, 2017
    • SBI Home Loan
      "Satisfactory services"
      0.5 5.0/5 "Blown Away!"
      My home loan is from State Bank of India and this process was smooth for me. I had no hassles with the bank in the documentation or in the disbursement. Everything happened on time and and I got the funds I needed with a good deal on the interest and charges.
      Was this review helpful? 0
      , rourkela
      Reviewed on May 22, 2017
    • Karnataka Bank Home Loan
      "Satisfied"
      0.5 5.0/5 "Blown Away!"
      Long back I had taken a housing loan from Karnataka bank. The loan amount is 75 lakhs with tenure of seven years. I almost completed the loan in 4 years and the pending amount is for 2.72, it will be done early. The current interest rate is 9.23%. The bank supported me a lot as I am a long term customer of them.
      Was this review helpful? 0
      , chennai
      Reviewed on May 22, 2017
    • Bank Bazaar Customer Support
      "One perfect solution for all financial products"
      0.5 5.0/5 "Blown Away!"
      The best I like about bankbazaar is their response, when ever I need a call back they called me back and fulfilled my requirement. They kept on tracking my home loan application and I had received 2 phone calls to check the status of the product. Even after disbursement too, as an extension of service, they call the customer to find out the status of the loan. I am using this site for the past 6 months. This is my first product which I had taken with the support of bankbazaar. The portal is easy to use and customer friendly. I would certainly declare the service offered by bankbazaar to at-least 10 to 15 members.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2017
    • HDFC Limited Home Loan
      "Best interest rates with long process"
      0.5 3.0/5 "Satisfactory"
      The major drawback with HDFC LTD is their process. as it is very slow, also they don't respond nor they provide the status of the loan. I had applied for the loan during the month of November, but I got the loan during the month of April which is too long. Totally, they took around 4 to 5 months of time to disburse the loan. The rate of interest is very much nominal but for the documentation and for the processing they had charged around 22k. Expect for the interest rate everything else has to be improved and they need to focus a lot on the communication with the customer. Also they need to be more clear their process and in providing the application status.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 22, 2017
    • Bank Bazaar Customer Support
      "Great experience"
      0.5 5.0/5 "Blown Away!"
      I had got the best response from bankbazaar. I am with bankbazaar for about 3 years. I basically got to know about bankbazaar through web search for the housing loan. The portal is too easy to use and user friendly. To conclude, I would say it was a good experience in all.
      Was this review helpful? 1
      , chennai
      Reviewed on May 22, 2017
    • ICICI Bank Home Loan
      "Need a slight improvement with the service"
      0.5 3.0/5 "Satisfactory"
      I was not briefed in detail about the loan process, out of my own interest I questioned them and later they gave clarification about the product. Till date I did not receive any loan sanction letter or any other document confirming my loan approval. However, ICICI process was very smooth quick and fast they hardly took 15 days of time for the loan disbursal, even their rates are low and it is line with the market rate. My only suggestion for them would be work on their service, as they need to be more customer centric.
      Was this review helpful? 0
      , chennai
      Reviewed on May 22, 2017
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.