How to Apply for Home Loan Online?

Apply for Home Loan Online: Once you start earning money, then your biggest dream is to build your own house, but building or buying a house requires a lot of money and takes a lot of time to earn. That’s why most of the people take mortgage to build a house. Also want to know how to get a mortgage online?

What is the home loan interest rate? What are the documents required to get a home loan?

Although you can apply for home loan offline or online, but if you apply online then you can get the loan on the same day, so I will tell you about online home loan application.

If you cannot raise money to buy or build a house, then this post of ours may be very important for you, so please read it carefully.

Home Loan Online

What is a Home Loan Online?

There are several types of loans, one of which is also called a mortgage and is available only to those who need to buy a new home, build a home or renovate an already built home. I can do this.

In such a situation, if someone wants to take a loan, then he has to apply for a mortgage. I will explain the whole process through this post. It’s very helpful.

There are certain conditions for availing a home loan, but if you fulfill all of them, you can get a home loan very easily.

Read also: KreditBee Loan App |How to apply for a loan with the KreditBee Loan App? Solution

Buy the phone on EMI | How to buy a mobile phone in installments? Buy the phone on EMI

SBI Home Loan

Any eligible citizen can apply for SBI Home Loan. Here you will see some of the salient features available to the customers after getting the loan.

  • low interest rates
  • low processing fees
  • no hidden charges
  • No advance penalty of any kind
  • Repayment plan up to 30 years

Eligibility

  • Only citizens of India can avail this loan facility.
  • You must be 21 or older for this

How to get Home Loan online?

If you’ve ever tried to get a Home Loan offline before, you’re well aware of how many rounds the process takes.

You can take advantage of this to take a loan sitting at home. Apart from this, if you want, you can also use other Loan giving apps.

When it comes to availing a home loan online, interest rates are the most important. This is because there are many financial institutions that easily provide home loans. Lenders would have offered loans at lower interest rates.

For this reason, you should compare interest rates before applying for a mortgage online. So let’s know how to take home loan online or tax to get home loan:-

Step 1:- To get home loan online you have to visit this website https://homeloans.sbi/.

Step 2:- After this you have to first verify your mortgage eligibility and fill the given form carefully so that the process can be completed as soon as possible.

Step 3:- After this you have to select a home loan. Then stick to what you have.

Step 4:- You have to upload your ITR (Income Tax Return) and bank statement.

Step 5:- After this you will have to give basic details and those who have taken the loan before will have to give their information. Then your profile is ready.

Step 6: – After this, click on the type of loan you want to take, just like you want to take a home loan. Then select it. You will also have to pay the amount of loan you need.

Step 7:- Finally, you will see a list of all the banks that are ready to offer you a home loan. After comparing interest rates, click on the Continue button in front of your preferred bank. take a loan.

Step 8: – After this, you have to select from which branch of that bank you want to take the loan. Then select your nearest branch. In this way you will get the final letter with all the details.

All this information will include the amount of loan sanctioned, what will be the interest rate, and how much EMI will be every month, all such information will be included in a single letter.

You have to print this letter and bring it to your bank branch along with all the required documents on the same letter. Once everything is confirmed, the mortgage amount will also be credited to your bank account after a few days.

All Bank Mortgage Rates 2022

name of the lenderup to Rs.30 lakh30 to 75 lakhsAbove Rs.75 lakhs
SBI8.05% – 9.05%8.05% – 8.95%8.05% – 8.95%
HDFC8.10% – 9.50%8.35% – 9.75%8.45% – 9.85%
LIC Housing Finance8.00% – 9.35%8.00% – 9.55%8.00% – 9.75%
ICICI Bank8.10% – 9.00%8.10% – 9.00%8.10% – 9.10%
Kotak Mahindra Bankup from 7.99%up from 7.99%up from 7.99%
PNB Housing Finance7.99% -16.75%7.99% -16.75%8.10% – 10.70%
Punjab National Bank7.95% – 9.35%7.90% – 9.05%7.90% – 9.00%
Bank of Baroda7.95% – 9.45%7.95% – 9.45%7.95% – 9.70%
Union Bank of India7.90% – 9.65%7.90% – 9.85%7.90% – 9.85%
IDFC First Bankbeyond 7.95%beyond 7.95%beyond 7.95%
L&T Housing Finance7.70% – 8.70%7.70% – 8.70%7.70% – 8.70%
Bajaj Housing Financebeyond 7.70%beyond 7.70%beyond 7.70%
Godrej Housing Finance7.94% – 10.99%7.94% – 10.99%7.94% – 10.99%
Tata Capitalover 8.10%over 8.10%over 8.10%
Federal Bank9.05% – 9.10%9.10%-9.15%9.10% – 9.20%

Documents Required for Home Loan

  • Proof of address
  • Identity
  • Detailed employment information
  • Source of income
  • Income Tax Return for the last three years
  • Property Details
  • Bank statement
  • Guarantor

Apart from all this, a good CIBIL score is also important. Otherwise, you cannot get the home loan verified.

In this way, you can apply for home loan online as described in this article. If you have any questions, ask by writing them in the comment box below.

Leave a Comment