Home Loans for Women

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

Best Home Loans for Women

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: Explore: SBI Home Loan
   1. Concessional interest rate of 6.95% per annum
   2. No prepayment penalty
   3. Home loans available as an overdraft facility
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: Explore: HDFC Home Loan
   1. 5 bps lower than the normal home loan rate
   2. Avail home loans anywhere in India
   3. Expert in-house technical and legal support
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: Explore: PNB Home Loan
   1. 0.05% p.a. lower interest rate to women borrowers
   2. Cost of furnishing may be included up to 10% of housing loan to a maximum of Rs.25 lakh
   3. Moratorium of up to 3 months from date of advance or till the possession date, whichever is earlier
4. 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:
   1. Concession in home loan interest rate
   2. Easy and simple documentation process
   3. 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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