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  • Home Loans for Salaried Employees

    Salaried employees are offered house loan by major banks and Non-Banking Financial Companies (NBFCs). Attractive interest rates and other benefits help salaried individuals make the most of their home loan and buy their dream home without any hassle or delay.

    Features and Benefits of Home Loans for Salaried Individuals

    Home loans for salaried employees have the following features and benefits:

    • Eligibility criteria is easier to meet
    • Affordable interest rates
    • Quick loan disbursal
    • Higher loan amount offered based on salary and other factors
    • Minimal documentation

    Best Home Loans for Salaried People

    Home Loans for Salaried People Best for
    ICICI Home Loan Quick Loan Disbursal
    HDFC Home Loan Low interest rate
    Axis Asha Home Loan Loan up to 35 Lakhs
    IDBI Home Loan Flexible Interest Rate
    LIC Home Loan Residential Property buyers
    Aadhar Housing Finance Low income group
    Hero Housing Finance Easy Documentation

    Comparing home loans for salaried people that are offered by different lenders will help in making a more informed decision about which is the best home loan for you. Here are a few of the home loans from leading financial institutions in the country today:

    1. ICICI Home Finance Home Loan for Salaried

      ICICI Home Finance Home Loan for Salaried is open to salaried employees of different kinds of organisations from MNCs and private sector companies to public sector undertakings and startups. The key features of the loan scheme are as follows:

      • Increase your eligibility by adding a co-applicant
      • Loan disbursal in less than 72 hours
      • Loan amounts ranging from Rs.3 lakh up to Rs.5 crore

      Explore: ICICI Home Loan

    2. HDFC Bank Home Loan

      HDFC Bank home loans can be used to purchase properties from private builders and government authorities. The key features of the home loan scheme are as follows:

      • Lower interest rate when women are co-owners
      • Up to 90% of the property cost
      • Loan repayment tenure of up to 30 years

      Explore: HDFC Home Loan

    3. Axis Bank Asha Home Loan

      Axis Bank Asha Home Loan scheme offers loans of up to 90% of the property value for loans of up to Rs.35 lakh. The key features of the scheme are as follows:

      • Low interest rates
      • Minimum combined income of Rs.8,000 per month for eligibility
      • 12 EMIs waived off (subject to conditions)

      Explore: Axis Home Loan

    4. IDBI Bank Home Loan

      IDBI Bank Home Loans provide in-principle loan approval even before you select a property, which gives you more freedom and flexibility when searching for the right property. The key features of the scheme are as given below:

      • Customised features for salaried employees
      • Flexible loan repayment options from Tranche-based Equated Monthly Instalments (EMIs) to Step-up and Step-down Repayment Facility and Flexible Loan Instalment Plan
      • Already approved projects to simplify the selection process

      Explore: IDBI Home Loan

    5. LIC Housing Finance Ltd Home Loan

      LIC Housing Finance Ltd. Home Loan can be availed by salaried employees of private, public, or government organisations, as well as those who draw part of their salary in cash, and also those seeking a loan repayment tenure that extends beyond their retirement age. The key features of the home loan scheme are as given below:

      • Facility for online home loan sanction
      • Low interest rates
      • Can be used for contruction or purchase of residential property as well as for repairs or renovation of an existing residential property

      Explore: LIC Housing Finance

    6. Aadhar Housing Finance Ltd. Home Loan for Salaried Employees

      Aadhar Housing Finance Ltd. Home Loan for Salaried Employees has a monthly salary eligibility starting from Rs.5,000 per month, making it possible for salaried people from a wide range of sectors to own their dream home. The key features of the scheme are as follows:

      • Loan of up to 80% of property cost
      • Maximum loan repayment tenure of up to 30 years
      • Home loan of up to Rs.1 crore based on eligibility

      Explore: Aadhar Housing Finance

    7. Hero Housing Finance New Home Loan – Cash Salaried

      The Hero Housing Finance New Home Loan – Cash Salaried allows for interest subsidy under the Pradhan Mantri Awas Yojana (PMAY) Credit Linked Subsidy Scheme (CLSS). The key features of the scheme are as given below:

      • Maximum loan amount of up to Rs.5 crore for salaried individuals with up to 2 years of experience
      • Maximum loan repayment tenure of up to 20 years
      • Easy documentation

      Explore: Hero Housing Finance

    Verdict

    With the help of the home loans like the ones listed above, salaried individuals can now make their dream of owning their home a reality. Home loan interest rates for all compared to salaried employees is more affordable, with attractive features and flexible repayment tenures, owning your own home is now possible without any hassles at all.

      

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