Easy Home Loans for

Every Dream

Searching for the best housing finance options? Access home loans starting at just 7.50% p.a., with competitive interest rates and flexible repayment tenures of up to 30 years

7.50% Starting Rate
90% Max Funding
Home Loan Hero

Top Home Loan Lenders

Compare the latest home loan interest rates and features from leading banks and HFCs.

State Bank of India
Interest Rate (p.a.)
7.5% - 8.7%
Max Tenure
30 years
Max LTV
90%
Processing Fee
0.25%
Axis Bank
Interest Rate (p.a.)
8.3% - 9.3%
Max Tenure
30 years
Max LTV
90%
Processing Fee
Up to 1% *
Bank of Baroda
Interest Rate (p.a.)
7.4% - 9.2%
Max Tenure
30 years
Max LTV
100%
Processing Fee
Up to 0.50%
Punjab National Bank
Interest Rate (p.a.)
8.2% - 10.8%
Max Tenure
30 years
Max LTV
80%
Processing Fee
1%
HDFC Bank Limited
Interest Rate (p.a.)
8.7% - 9.5%
Max Tenure
30 years
Max LTV
90%
Processing Fee
0.5% *
ICICI Bank
Interest Rate (p.a.)
8.7% - 9.8%
Max Tenure
30 years
Max LTV
90%
Processing Fee
Up to 3.00%

What is a Home Loan?

In a home loan, the borrower agrees to pay the lender over time, usually as a series of regular payments divided into principal and interest. The property serves as collateral for the loan.

Home Loan

A borrower must apply for a home loan through their preferred lender and meet several requirements, including minimum credit scores and down payments. Before the home loan application is closed, it undergoes a thorough underwriting process. A borrower's mortgage type, such as a conventional or fixed-rate loan, depends on his or her needs.

Types of Home Loans

Our comprehensive range of home loan products caters to every need when it comes to home financing.

Home Purchase Loan

Home Purchase Loan

Finance your dream home with ease and affordability

7.50% onwards
FeatureReady-to-move properties
FeatureUnder-construction homes
FeatureResale properties
Max LTV: 90%
Tenure: Up to 30 years
Home Construction Loan

Home Construction Loan

Disbursement options that suit your needs

8.75% onwards
FeatureStage-wise disbursement
FeatureOwn plot construction
FeatureFlexible payment terms
Max LTV: 80%
Tenure: Up to 30 years
Home Improvement Loan

Home Improvement Loan

Upgrade and renovate your existing home

9.00% onwards
FeatureRenovation & repairs
FeatureHome extension
FeatureInterior upgrades
Max LTV: 85%
Tenure: Up to 15 years
Plot Purchase Loan

Plot Purchase Loan

Buy residential plots in approved layouts

9.25% onwards
FeatureApproved layouts only
FeatureResidential plots
FeatureFuture construction plans
Max LTV: 70%
Tenure: Up to 15 years

Why Choose Our Home Loans?

Make your home-buying journey smooth and affordable by taking advantage of the best home loan features

Maximise your Loan

Minimal down payment for maximum loan amount

Quick Approval

Quick approval with minimum paperwork

Full Service Support

From start to sanction, we've got you covered

30 Years Tenure

Take advantage of a 30-year repayment window

Home Loan Eligibility Criteria

Check if you meet the basic eligibility requirements for a home loan

Salaried

Work Experience
:
Minimum 2 years
Minimum Salary
:
₹25,000 per month
Employment Type
:
Permanent employment preferred

General Criteria

Nationality
:
Indian Residents, NRIs, PIOs
Credit Score
:
730 and above (preferred)
Minimum Age
:
18-21 years (varies by lender)
Maximum Age
:
70-75 years at loan maturity
Loan Amount
:
₹5 lakh to ₹10 crore

Documents Required

Simple documentation process for quick approval

SalariedFor Salaried Individuals
  • CheckPAN Card & Aadhaar Card
  • CheckLast 3 months salary slips
  • CheckLast 6 months bank statements
  • CheckForm 16 or IT Returns (2 years)
  • CheckProperty documents
  • CheckPassport size photographs
  • CheckEmployment certificate
  • CheckAppointment letter
PropertyProperty Documents
  • CheckSale deed/Agreement to sell
  • CheckApproved building plan
  • CheckNOC from society/builder
  • CheckProperty tax receipts
  • CheckEncumbrance certificate
  • CheckSurvey settlement records
  • CheckCompletion certificate
  • CheckOccupancy certificate
  • CheckApproved layouts

Home Loan Processing Fees & Charges

Understand all the fees and charges associated with your home loan

Particulars
Requirement
Processing Fee
0.25% – 2% of loan amount
Administrative Fee
₹2,000 – ₹10,000
Legal & Technical Fee
₹5,000 – ₹15,000
Valuation Charges
₹2,000 – ₹5,000
Prepayment Charges (Fixed Rate)
2% – 4% of outstanding
Prepayment Charges (Floating Rate)
Nil

Home Loan Tax Benefits

Various sections of the Income Tax Act allow home loan repayments to save taxes

1

₹1.5 lakh per year

Section 80C
Principal Repayment

The Income Tax Act allows you to deduct up to 1.5 lakh per year on your home loan principal. Stamp duty and registration charges during the property purchase are included in this deduction under Section 80C, this benefit is available only in the year in which expenses are incurred, and it's part of the overall limit of 1.5 lakh.

2

₹2 lakh per year

Section 24(b)
Interest Payment

In the case of a self-occupied property, Section 24(b) allows a deduction of up to ₹2 lakh per year on interest paid on a home loan only after the construction of the property is completed. Interest paid during the construction period cannot be claimed immediately but is allowed in five equal annual installments starting from the year in which construction is completed. However, under the new tax regime, this deduction is not available.

3

No limit

Section 24(b)
Let-out Property Interest

Section 24(b) allows you to deduct the entire interest paid on your home loan if you rent out the property. For property owners earning rental income, this deduction is a significant tax-saving option. A standard deduction of 30% of the net annual value of the property is allowed, covering repairs, maintenance, and other related expenses.

Home Loan EMI Calculator

Calculate your monthly repayment, compare options, and plan your finances for a stress-free borrowing experience with our Home Loan EMI calculator.

Home Loan EMI Calculator

Loan Amount (₹)
₹5L
₹5Cr
Interest Rate (% per annum)
5%
30%
Loan Tenure (Years)
1 Years
30 Years

EMI Calculation Results

Rate of Interest
Principle Amount
₹1,73,565
Monthly EMI
₹4,16,55,515
Total Amount Payable
₹2,16,55,515
Total Interest

EMI Breakdown

Principal Amount
₹2,00,00,000
Total Interest
₹2,16,55,515
Total Amount
₹4,16,55,515

Frequently Asked Questions

Find answers to your home loan questions

Based on your income, property value, and repayment capacity, a home loan can range from Rs. 5 lakhs to Rs. 10 crores.

Find out by comparing our list of top lenders.

The maximum Loan-to-Value (LTV) ratio indicates the highest percentage of a property's value that a lender is willing to finance through a loan. It varies depending on the type of loan, the property, and the borrower's profile. For home loans, the LTV typically ranges between 80% and 90%, meaning you may need to pay 10–20% as a down payment. Factors such as your credit score, income stability, and the property type can influence the final LTV offered by the bank or financial institution.

Check out our interest rate comparison tool.

A home loan is typically approved within 7-15 working days, depending on the lender's internal processes, document verification, and property evaluation.

Yes, but home loans with floating rates have no prepayment charges, while home loans with fixed rates have prepayment charges ranging from 2 to 4% but it might vary from lender to lender.

For the best interest rates, you should have a credit score of at least 730, although some lenders may approve loans with lower scores at a higher interest rate. You can also check your credit score for free on PaisaOne website.

Yes, when you obtain a home loan for an under-construction property, the loan is disbursed in stages, and you typically pay interest while the property is being constructed.

A home loan balance transfer lets you move your existing home loan to another lender, usually to get a lower interest rate or better terms. This can help reduce your EMI or save on interest over the loan tenure.

Yes, the Pradhan Mantri Awas Yojana (PMAY) does offer interest subsidies and financial assistance to eligible beneficiaries.

Ready to Buy Your Dream Home?

Easily compare home loan rates from all leading banks and get the best housing loan in India with just one application.

Home Loan Ready to Buy