A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Home Loans for Women

    Home loans for women come with several benefits and features that help women, from housewives to working women, to own their dream home without any hassle or delay. There are several banks and Non-Banking Financial Companies (NBFCs) that offer special home loan interest rates for women. You can get the best house loan after comparing schemes from different financial institutions. This is the information that you will be provided with on this page.

    Features and Benefits of Home Loans for Ladies

    Home loans for women have the following features and benefits:

    • Concession in interest rates 
    • Higher loan amounts w
    • Reduction in stamp duty charges
    • Tax deduction of up to Rs.2 lakh on interest repayments
    • Tax deduction of up to Rs.1.5 lakh on principal repayments
    • Longer repayment tenures
    • Eligibility for government schemes such as PMAY which gives interest subsidy of up to Rs.2.67 lakh

    Best Home Loans for Women

    Home Loans for Women Best for
    SBI Regular Home Loan Salaried women
    HDFC Women Power Home Loan All type of property
    PNB Home Loan Salaried / non-salaried
    Bajajfinserv Home Loan Working professionals
    Fulletron Grihalakshmi home loan Easy processing

    The interest rates and features of home loans for women will vary from one lender to another. Here are some of the best home loans for women:

    1. SBI Regular Home Loan

      State Bank of India home loans can be used to purchase under-construction or a ready-to-move-in property. This scheme has the following features:

      • Concessional interest rate of 6.95% per annum
      • No prepayment penalty
      • Home loans available as an overdraft facility

       Explore: SBI Home Loan

    2. HDFC Women Power Home Loans

      HDFC Bank home loans offer a wide range of products that can be used to construct, buy, or renovate your house. The scheme has the following features:

      • 5 bps lower than the normal home loan rate
      • Avail home loans anywhere in India
      • Expert in-house technical and legal support

       Explore: HDFC Home Loan

    3. Punjab National Bank Home Loan

      Punjab National Bank offers a wide variety of housing loans that are beneficial to women, whether salaried ladies, entrepreneur women, or housewives. These schemes have the following features:

      • 0.05% p.a. lower interest rate to women borrowers
      • Cost of furnishing may be included up to 10% of housing loan to a maximum of Rs.25 lakh
      • Moratorium of up to 3 months from date of advance or till the possession date, whichever is earlier

       Explore: PNB Home Loan

    4. Bajaj Finserv Home Loan for Women

      Bajaj Finserv Home Loan for women is for working women professionals with at least 3 years of experience. The scheme has the following features:

      • Avail loan amount between Rs.30 lakh and Rs.3.5 crore
      • Top-up loan of up Rs.50 lakh if taking a home loan balance transfer
      • Minimal documentation required

       Explore: Documents required for Home Loan

    5. Fullerton Grihalakshmi Home Loan

      The Fullerton Grihalakshmi home loan makes it easier for salaried women to own their own home because of the following features:

      • Concession in home loan interest rate
      • Easy and simple documentation process
      • Legal and technical assistance in property purchase

    Verdict

    The dream of owning a home of your own, whether you are a homemaker, salaried woman, or a lady entrepreneur, can now be a reality with the help of these special features and lowest interest rate on housing loan that help you save money while buying your dream home.


      

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