If you are delaying in taking a home loan because you have been busy over weekdays and weekends having some rest but guess what the process of housing finance got a lot easier with the e-loans.
These e-loans are offered by various housing finance companies and which works with the vision of providing end to end online home loan solutions which makes you avail your required loans quick, convenient, paperless, and transparent. In three easy steps, apply, sanction, and disburse. These special features are now available with most of the finance companies in India which makes life even better and easier than before to a large extent.
There are various sources of finance offered by the finance companies in India which include a bond, debt, term loans from the bank, loans from the promoter, commercial paper, and national housing bank. As the population is getting high over the years the increasing demand in housing finance has also increased over the time with high demand. These housing finance companies act as a reliable and trusted bridge between the people and the organisation to make it possible to buy a dream home in reality with the aid of various banks who offered the best price in home loans for a wide range of customers across the country.
Thus, today we have enlisted the top 10 housing finance companies in India who have aid the people of India to achieve their dream home with the quick, convenient, and hassle-free process in less time.
Let’s look at the top 10 best housing finance companies in India in 2017-2018
Table of Page Contents
- 10. Can Fin Homes Limited (CFHL)
- 9. GIC Housing Finance Limited
- 8. Dewan Housing Finance Corporation Limited (DHFL)
- 7. PNB Housing Finance Limited
- 6. IDBI Home Finance Limited
- 5. ICICI Home Finance Company Limited
- 4. LIC Housing Finance Limited
- 3. Housing Urban Development
- 2. State Bank of India Home Finance
- 1. Housing Development Finance Corporation Limited
10. Can Fin Homes Limited (CFHL)
The top 10 housing finance company is said to be the ‘Can Fin Homes Limited’ where the company is engaged in the business of providing high-end finance to individuals to purchase and repair of houses. The company has an estimated market value of about 0.31 billion dollars and total working employees are about more than 491 in number.
This finance company independently operates under the Canara Bank and was founded back in the year 1987 with the vision of providing financial aid to the dream house owners of India with the easy, secure, and convenient process. It is one of the top rated and renowned finance company in providing the best house loans for a wide range of house owners. The company is working excellently with glorious success over the past 30 years in providing the best home loans with 100% customer satisfaction to increase the housing stock in the country.
9. GIC Housing Finance Limited
The top 9th housing finance company in India is said to be the ‘GIC Housing Finance Limited’ which works with the vision of providing housing loans to individuals in the building up of new houses and dream flats to a large extent with an affordable interest rate. It has an estimated market value of about 0.15 billion dollars and estimated working employees are about 42 in number.
It is a fully established finance company to offer best home loans for individual borrowers to serve the residential purpose in every possible way at an affordable interest rate. This finance company operates under the General Insurance Corporation of India which is generally deals in retail loan segment.
8. Dewan Housing Finance Corporation Limited (DHFL)
The top 8th housing finance companies in India is said to be the ‘Dewan Housing Finance Corporation Limited’ which came into foundation back in the year 1984 with the vision of fulfilling the aspiration of numerous people to get their dream homes and flats to a large extent in an easy process. In 1992, DHFL was uniquely acquired as the housing finance company of the year.
It provides easy and dignified access to housing finance to the common man. These early achievements further strengthen the DHFL result in a glorious way. In 2000, Mr. Kapil Wadhawan took over DHFL and within a few years DHFL has gone up to the key insights with nationwide recognition. 30 years of its establishment DHFL has now its presence can be found in 550 locations across India and through these 550 locations, they serve the housing needs of the people in the 64% of the states in the country.
7. PNB Housing Finance Limited
The top 7th housing finance company in India is said to be the ‘PNB Housing Finance Limited’ is operates under the public sector with 20 years of leadership in the finance industry in India. This company came into establishment back in the year 1988 with its headquarters based in New Delhi, India. The finance company is involved in various segments of works which include home extension loans, home loans, loan against property, fixed deposits, home construction loans, home improvement loans, lease rental discounting, and plot loans for a wide range of aspiring house owners in India.
6. IDBI Home Finance Limited
The top 6th housing finance company in India is said to be the ‘IDBI Home Finance Limited’ which operates under the schemes of the government of India with an established headquarters based in Mumbai, Maharashtra. IDBI bank has targeted additional INR 1000 crore worth of home loans and besides it has also added vehicle loans to its line-up. They have come up with the scheme where the bank is extending loan up to 100 per cent of the house value in the national capital region at a floating rate of 7.25 per cent.
5. ICICI Home Finance Company Limited
The top 5th housing finance company in India is said to be the ‘ICICI Home Finance Company Limited’ which solely operates under the Investment Corporation of India and came into establishment back in the year 1994 in Vadodara with its established headquarters based in Mumbai, Maharashtra. It is solely belongs from the banking and financial service sector and deals in varied products like private banking, wealth management, consumer banking, corporate banking, personal loans, and much more in varied options.
4. LIC Housing Finance Limited
The top 4th housing finance company in India is said to be the ‘LIC Housing Finance Limited’ which came into incorporation back in the year 1989 with its headquarters based in Mumbai, Maharashtra. This finance company basically deals in two major sectors which include mortgage loans and easy home loans at a very affordable interest rate for a wide range of customers to a large extent. In addition to this, this finance company works under the ‘Life Insurance Corporation of India’.
3. Housing Urban Development
The top 3rd housing finance company in India is said to be the ‘Housing Urban Development’ which works with the vision of improving the housing conditions across the country with various plans and schemes for varied aspiring home owners. It also provides secure quality housing and end homelessness to strengthen the communities at a wide spectrum.
2. State Bank of India Home Finance
The top 2nd housing finance company in India is said to be the ‘State Bank of India Home Finance’ which offers the best home policies and schemes for a wide range of customers across the country with 100% reliability, security, and easy process to achieve your dream home or flats at a convenient interest rate. It is a valuable investment for a wide range of people as it has come up with some unique features which make it more popular than other available finance companies in India.
1. Housing Development Finance Corporation Limited
The Housing Development Finance Corporation Limited has been standing uniquely in the first position in the top 10 list of the housing finance companies in India. HDFC Limited is a specialist housing finance company under pioneer of retail housing finance in India. HDFC caters the housing segments with a diversified product portfolio of loans offerings. It extends its home loans facilities to the salaried, self-employed, resident Indians, and non-resident Indians to a large extent.
Therefore, this sums up our entire list of the top 10 housing finance companies in India which have been uniquely functioning various schemes and plans in terms of different home loans for a better living in the society at a conveniently easy process at an affordable interest rate keeping in mind the increasing demands for home loans among various people in India.