GIC Housing Finance provides home loans starting at 8.80% p.a. onwards for tenures of up to 30 years, with loan amounts of up to 90% of the property value. Additionally, the company offers affordable housing loans to meet the home financing needs of low-income groups. GIC home loans also include free property and accidental death insurance benefits, providing added security and peace of mind to borrowers.
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GIC Home Loan Highlights |
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|---|---|
| Interest Rate | 8.80% p.a. onwards |
| Loan Amount | 75% to 90% of the property value |
| Loan Tenure | Up to 30 years or retirement age (60 yrs. for salaried and 70 yrs. for self-employed individuals) |
| Processing Fees | Rs. 3,000 + GST |
Pre Approved Home loan | Check Eligibility & Apply Online
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
|---|---|---|---|---|
| SBI Bank | 8.40% - 10.15% p.a. | 8.40% - 10.05% p.a. | 8.40% - 10.05% p.a. | Apply Now |
| HDFC Bank Limited | 8.40% p.a. onwards | 8.40% p.a. onwards | 8.40% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards | Apply Now |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Apply Now |
| L&T Finance Limited | 8.60% p.a. onwards | 8.60% p.a. onwards | 8.60% p.a. onwards | Apply Now |
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards | Apply Now |
| LIC Housing Finance | 8.35% - 10.35% p.a. | 8.35% - 10.55% p.a. | 8.35% - 10.75% p.a. | Apply Now |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50% - 11.45% p.a. | Apply Now |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Apply Now |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Apply Now |
| IDFC First Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Tata Capital Housing Finance | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards | Apply Now |
| Axis Bank | 8.70% - 13.30% p.a | 8.70% - 13.30% p.a | 8.70% - 9.10% p.a. | Apply Now |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Apply Now |
Also read: Best Home Loan in India
GIC home loan interest rates start from 8.80% per annum. However, the specific interest rate you'll get from GIC Housing Finance Limited depends on factors like your credit score, the amount you're borrowing, your type of employment, and other relevant factors.
This loan is designed for individuals looking to purchase a house or construct one on an already owned plot. Additionally, it can be used for home extension and repair purposes. Available for both salaried and self-employed individuals, the loan amount can go up to Rs 20 lakh in rural areas and up to Rs 28 lakh in urban areas.
Composite loans are designed for individuals requiring funds for purchasing a plot and subsequently building a house on it within the next few years. The loan amount for purchasing land can be up to 60% of the registered value of the property, while the loan amount for house construction depends on the estimated construction cost.
This home loan scheme is available for purchasing resale/new residential property from a builder, including under-construction or completed residential units. Individuals seeking a loan for house construction can also apply for this loan. The loan amount ranges from 75% to 90% of the property value.
Also Read : Best Home Loan EMI Calculator
| Loan Product | Charges* (For loans up to Rs. 3 crore) |
|---|---|
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Processing fees for loans taken for house purchase or construction:
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Rs. 3,000 |
| Administrative Fees on House Purchase and Construction Loans | Rs. 2,500 to Rs. 12,000 depends on our branch locations |
| Cheque/ECS Bounce Charges | Rs. 300 |
| Stamp Duty/ Franking Charges | As per applicable law/charges of the relevant property state |
| Processing Fees on Repair and Renovation Loans | Rs. 2,500 |
| Administrative Fees on Repair and Renovation Loans | 0.75% of the loan amount |
| Processing Fee for Balance Transfer | NIL |
| Administrative Fees for Balance Transfer | Rs. 2,500 |
| Conversion Fees for Switch to a Lower Interest Rate | Up to 2% of the outstanding loan amount |
| Prepayment Charges |
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| CERSAI Registry / Modification Charges |
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*Please note that the charges may vary for loans above Rs. 3 crore.
**As per NHB guidelines outlined in its circular "Levy of foreclosure charges/pre-payment penalty on Floating Rate Loans," released in 2014.
Also read: Best Home Loan Fees and Charges
For rural areas:
For urban areas:
Also Read : Best Home Loan Eligibility
Also Read : Best Home Loan Documents Required
Customer's gold ornaments are securely stored in a safe room constructed in compliance with government regulations. These rooms are equipped with electronic surveillance to ensure the protection of the gold.
Shriram Finance provides insurance for the gold kept as collateral by you. This ensures that in the event of theft, the borrower doesn't need to worry about the security of the gold.
The interest rate starts from 11.4% per annum (*p.a.) and you can select a loan tenure ranging from 1 month up to 12 months.
Salaried individuals, self-employed professionals, business owners, and other individuals aged between 18 and 75 years can apply for Shriram Finance Gold Loan.
The minimum age requirement is 18 years, and the maximum age limit is 75 years at the time of loan maturity.