The following list of the best home loans providers in the country, based on customer satisfaction scores, is based on survey conducted by NiftyHome loan broker.
We have grouped the top 10 companies into two categories: the top 100 home loan brokers and the top 1000 home loan lenders.
The top 10 home loan broker(s):Aurora Home Loans & Loan Pvt.
Auroras’ Home Loans is one of the leading home loan companies in India.
It is the third largest lender in India after NiftyBank and LendMe.
The company has a well-established reputation for providing affordable and high-quality loans.
Its portfolio includes a range of home loans including loans on the prime real estate market, mortgage loans, fixed rate loans, and even loan on equity loans.
A home loan can range from Rs 1 lakh to Rs 3 lakh, depending on the property.
A typical home loan is a 5-year fixed rate home loan, a 5.5-year variable rate home-equity loan, or a 5 years fixed rate loan for the owner.
The terms and conditions of a loan can be varied depending on which lender you choose.
The cost of a home loan in India is higher than in most other countries, however, it is usually cheaper than in the US, the UK, and Singapore.
A 30-year loan on prime land in India costs just over Rs 2 lakh, while a 10-year home loan costs Rs 1.8 lakh.
Aerostar Home Loans Pvt Ltd.
Aerostar is a private lender with offices in Mumbai and Ahmedabad.
Aeros is an Indian company that provides loans at affordable rates and is a pioneer in the home loan market.
It has been servicing Indian home loans since 1992.
Its home loan offerings range from a 5 year fixed rate to 5- and 10- year fixed rates.
The term of a fixed rate mortgage is usually 10 years.
A 5- year home loan will usually have a monthly payment of Rs 500 and a repayment period of up to 10 years, with the total interest rate being around 20%.
A 5.75-year mortgage can range in terms of interest rate from 5 to 50%.
AeropostarHome Loans Pvl.
LtdAerotec is a leading home lender in Mumbai.
The group of companies, which also have offices in Ahmedabad, is one that has emerged as the fastest growing lender in the Indian home loan space.
Aerotec has grown its business by a massive 300 per cent year-on-year.
It currently has around 30,000 home loan customers.
A 3-year residential loan is typically around Rs 2,500 and a 10 year home-price loan is Rs 2.5 lakh.
A 10- and 15-year homes can range between Rs 2 crore and Rs 5 crore.
A 15-month fixed rate, fixed-rate, or fixed-income home loan comes with a repayment term of 10 years and a monthly interest rate of up or down from 8.5 to 18 per cent.
A 25-year term home loan typically has a monthly repayment of Rs 1 crore.
AeroHome Loans Ltd.
Aero is a subsidiary of Aerostars home loan service company.
Aero has a network of over 25,000 customers.
Aero’s home loans range from 5- to 10- years.
Home loans with a maximum loan-to-value ratio of over 90 per cent can be paid off in a home in 10 years or 15 years.
Aeropostars 3-month mortgage has a repayment of around Rs 1,000 per month and is offered to buyers with a 5 per cent down payment.
A five-year Home loan with a monthly repayment of Rs 5 lakh has a maximum rate of around 25 per cent, and is available to borrowers with a down payment of 10 per cent or less.
Aero has an extensive network of about 5,000 lenders, including the biggest home loan banks in India, such as Niftybank, Lendme, and Nifty Capital.
Aerofinance Home Loans Ltd Aerofie is a home lender based in Mumbai, with offices at the Central Bank of India.
AeroplaneHome Loans, a subsidiary and subsidiary of Aero, offers a range at rates between 5 and 25 per% for mortgage and fixed rate residential loans.
It also offers a fixed- rate mortgage with a term of 15 years with a loan-on interest rate up to 20 per cent as well as a 10.5 per cent fixed- and variable-rate home loans.
The maximum repayment rate is around 10 per year.
A 1-year credit facility with a repayments term of 3 years and with interest rate ranging from 2.9 per cent to 8.2 per cent is available for borrowers with income up to Rs 2 million.
Aeros Home Loans Corp. Aerocar is one the leading providers of mortgage loans in India with branches in Ahmedapuram