The table below summarises the top 10 housing finance companies in India with their approximate interest rate range, maximum tenure, and primary borrower segment. Using Finnable's home loan eligibility calculator alongside this table helps model actual EMI obligations before approaching any lender. 

* Rates are indicative as of April 2026 based on publicly available lender data and are subject to change. Aavas Financiers uses a proprietary prime lending rate linked to internal benchmarks; contact them directly for current quotes. Actual rates depend on the borrower's CIBIL score, income, loan amount, property type, and lender's credit assessment. Always verify the current rate with the lender before applying. 

Here’s a simplified overview of the top 10 housing finance companies (HFCs) in India: 

HDFC Bank (erstwhile HDFC Ltd) 

HDFC, now part of HDFC Bank, is one of India’s leading home loan providers. It offers competitive rates and a smooth digital application process, making it ideal for salaried professionals with good credit, especially in big cities. 

LIC Housing Finance 

Backed by LIC, this HFC offers reliable home loans with competitive rates. It’s particularly accessible to government employees and those in smaller cities with a strong branch network. 

PNB Housing Finance 

This company serves both salaried and self-employed individuals. It’s known for affordable home loans, including the Roshni Home Loan for low-income applicants without formal income proofs. 

Bajaj Housing Finance 

Bajaj Housing Finance offers long loan tenures and a fast, fully digital loan process. It’s perfect for urban borrowers with strong credit profiles looking for competitive rates. 

Aadhar Housing Finance 

Aadhar focuses on affordable housing for low-income and informal sector borrowers, accepting bank statements instead of salary slips. It also offers benefits under PMAY (Pradhan Mantri Awas Yojana). 

Aavas Financiers 

Aavas is strong in rural and semi-urban markets, offering loans to first-time buyers with limited formal income proof. It uses alternative credit assessments for borrowers outside the salaried sector. 

GIC Housing Finance 

Backed by General Insurance Corporation, GIC focuses on government employees, offering straightforward home loans and added benefits like insurance. 

Repco Home Finance 

Specialising in the self-employed sector, Repco Home Finance focuses on borrowers from smaller towns and uses alternative income assessment methods, making it ideal for those without formal documentation. 

Can Fin Homes 

Promoted by Canara Bank, Can Fin Homes offers affordable housing loans, particularly for those looking to build homes on self-owned land. It has a strong presence in smaller cities. 

Sammaan Capital (erstwhile Indiabulls Housing Finance) 

Known for competitive balance transfer options, Sammaan Capital offers digital-first loan processing and fast approvals, making it ideal for both salaried and self-employed borrowers. 

These companies cater to a variety of borrower needs, from government employees to low-income groups, and offer a range of loan products with different terms and benefits.

Match the Lender to Your Income Profile 

Salaried borrowers with formal payslips and strong credit scores access the widest range of housing finance companies at the best rates. Self-employed borrowers need lenders experienced in assessing irregular income through ITR filings and business cash flow patterns, such as PNB Housing Finance, Repco, or Aavas. Low-income or informal sector borrowers are best served by Aadhar Housing Finance or Aavas Financiers, which use alternative income assessment rather than requiring formal payslips. 

Compare Total Cost, Not Just the Headline Rate 

The advertised interest rate covers only part of the total borrowing cost. Processing fees (typically 0.25% to 1% of the loan amount), legal verification charges, property valuation fees, and stamp duty on the new mortgage registration all add to the upfront outflow. Comparing total cost across shortlisted lenders using Finnable's home loan EMI calculator produces a more accurate comparison than rates alone, especially when one lender waives fees during a promotional period. 

Evaluate Tenure Options and Prepayment Flexibility 

For floating rate home loans, RBI mandates zero prepayment penalty. Fixed rate loans may carry charges. Borrowers who anticipate lump sum prepayments from bonuses or asset sales should confirm prepayment terms with each lender before committing. Choosing a longer tenure than necessary purely to minimise the EMI increases the total interest burden substantially over the life of the loan. 

Check PMAY and Government Scheme Eligibility 

Borrowers with annual household income below Rs.9 lakhs should check PMAY Credit Linked Subsidy Scheme eligibility before selecting a lender. Not all housing finance companies in India are enrolled as Primary Lending Institutions under PMAY. Confirming participation before applying ensures the interest subsidy benefit is accessible. The PMAY eligibility guide covers income category thresholds and the subsidy calculation in detail. 

Home loans from HFCs and banks carry identical tax benefits under the Income Tax Act. The key sections are: 

The comprehensive breakdown of housing loan exemptions under income tax covers all sections, eligibility conditions, and documentation requirements, including whether the old or new tax regime is more beneficial for borrowers with significant home loan interest. 

Finnable is an RBI-licensed NBFC that does not offer home loans directly. However, housing transactions generate multiple adjacent financing needs that personal loans cover effectively. Down payment shortfalls arise when property prices move or the LTV offered by the HFC is lower than expected. Registration and stamp duty costs of 5% to 7% of property value in most states require immediate cash that banks and HFCs do not finance. Post-purchase interior work, furniture, and appliances add significantly to the actual cost of becoming a homeowner. 

Finnable offers personal loans from Rs.50,000 to Rs.10 lakhs cover all of these costs with approvals within 60 minutes, interest rates from 15% per annum on a reducing balance basis, and a fully digital process requiring no property documents. The application does not interfere with ongoing home loan processing at the HFC.