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  • Home Loan for Private Employees

    Home loan for private employees is offered by a number of banks and NBFCs across the country. Through these loan products, private employees can avail home loans and get their dream home at affordable rates of interest and nominal processing charges.

    Features and Benefits of Home Loan for Private Employees

    • The loans are processed and disbursed quickly
    • Easy and hassle-free application and verification process
    • Option of availing top-up home loans
    • Avail the benefits of pre-approved offers
    • Nominal fees and charges

    Best Home Loans for Private Employees

    1. State Bank of India (SBI) Regular Home Loan

      SBI Regular Home Loan is one of the loan products offered by the State Bank of India (SBI) which can be availed by private employees. Private employees can easily apply for the SBI Regular Home Loan and enjoy the benefits. The features of the scheme can be listed as follows:

      • Interest rates are dependent on the risk factor of the customer
      • The loan repayment tenure can go up to 30 years
      • No penalty is charged on the pre-payment of loan amount
      • No hidden fees and charges are applicable
      • The processing fee is low
      • Overdraft facility is available for the customers
      • Women borrowers are eligible for special rates
      • The interest is charged on a Daily Reducing Balance method

      Explore: State Bank of India Home Loan

    2. Bajaj Finserv Home Loan for Private Employees

      If you are an Indian citizen in the age bracket of 23 years to 58 years and are a private employee, you can apply for the Bajaj Finserv Home Loan for Private Employees. This loan scheme is specially designed for private employees. The highlights of the scheme can be summed up as follows:

      • Lucrative rates of interest starting at 7.5% p.a.
      • Nominal processing fee of up to 1% of the loan amount
      • No part-prepayment charges are applicable
      • No foreclosure charges are applicable
      • Repayment tenure can go up to 25 years
      • Option of home loan balance transfer is provided

      Explore: Home Loan Eligibility Calculator

    3. Axis Bank Home loan for Private Employees

      If you are a private employee and are willing to fulfill your dream of owning a house, you can apply for the Axis Bank Home Loan. In addition to a plethora of benefits, the loan can be availed at lucrative interest rates. The features and benefits of the Axis Bank Home Loan can be listed as follows:

      • Lucrative rates of interest starting at 7.75% p.a.
      • It offers the option of choosing between floating rates and fixed rates
      • The loan amount starts at as low as Rs.3 lakh
      • Pre-payment charges are not applicable on the loans
      • Easy and hassle-free loan application and loan approval process
      • Easy home loan refinance option is available

      Explore: Axis Bank Home Loan

    4. HDFC Bank Home Loan for Private Employees

      HDFC Bank offers home loans for private employees starting at an interest rate of 6.90% p.a. The institution offers a hassle-free home loan solution which is completely online. The features and benefits of the HDFC Bank Home Loan are as follows:

      • The home loans can be availed for purchasing properties from private developers through approved projects
      • The home loans can be availed for purchasing properties from different Development Authorities such as MHADA and DDA
      • Lucrative rates of interest starting at 6.90% p.a.
      • Special rates of interest for women borrowers
      • Services can be availed across the country
    5. Punjab National Bank (PNB) Housing Loan for Public including Private Employees

      The PNB Housing Loan for Public can be availed at lucrative rates of interest. The scheme can be availed by any individual or group of individuals who have a stable income source. Private employees can avail the benefits of this scheme which are listed below:

      • Avail a loan amount of up to Rs.50 lakh for the purpose of purchasing of land or plot for house building
      • Avail a loan amount of up to Rs.25 lakh for the purpose of repairs, alterations, and renovations
      • Avail the PNB Housing Loan for Public for a period of 15 years to 30 years
      • Lucrative rates of interest starting at just 7.15% p.a.
      • Pay only a nominal processing fee of as low as 0.35% of the loan amount

      Explore: Punjab National Bank Home Loan

    Verdict

    Almost all banks and NBFCs offer home loans for private employees. If you are a private employee, you can check the eligibility criteria and compare the home loan interest rates offered by different financial institutions. There are a number of benefits and features offered on home loans for private employees. You can compare, choose, and apply for the one that best suits your requirement.


      

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