Quick approval, competitive rates, and flexible repayment options. Check your eligibility in minutes!
A home loan is offered by lenders to individuals to residential property. A significant portion of the cost of the property is covered by a home loan. Borrowers will have to make a down payment and the remaining amount can be cleared in Equated Monthly Installments (EMIs). The tenure of a home loan ranges between 5 years and 30 years.
Interest Rate
9.4% - 10.25%
Loan Amount
₹10L - ₹10Cr
EMI Per Lakh
₹2095 - ₹2137
Processing Fees
Up to 2%
Pre Payment Charges
Prepayment Charges
Interest Rate
8.5%
Loan Amount
₹1L - ₹15Cr
EMI Per Lakh
₹2052 - ₹2052
Processing Fees
Flat Rs 3,000
Pre Payment Charges
Interest Rate
8.85% - 9.1%
Loan Amount
₹3L - ₹75L
EMI Per Lakh
₹2069 - ₹2081
Processing Fees
The processing fee is 0.50% of the loan amount, plus applicable taxes
Pre Payment Charges
Interest Rate
8.7% - 13.3%
Loan Amount
₹1L - ₹5Cr
EMI Per Lakh
₹2061 - ₹2291
Processing Fees
0.50%(Min ₹10,000)one time fee
Pre Payment Charges
0 - 2%
Interest Rate
8.8% - 10.25%
Loan Amount
₹15L
EMI Per Lakh
₹2066 - ₹2137
Processing Fees
Up to 3% of loan amount
Pre Payment Charges
Interest Rate
8.45%
Loan Amount
₹3L - ₹30Cr
EMI Per Lakh
₹2049 - ₹2049
Processing Fees
Up to 2% of the disbursed loan amount. Processing fee paid/deducted is non refundable
Pre Payment Charges
Interest Rate
8%
Loan Amount
₹2.1L - ₹10Cr
EMI Per Lakh
₹2028 - ₹2028
Processing Fees
Up to 3% of the borrowed loan amount
Pre Payment Charges
Up to 4% of the outstanding principal plus interest for the ongoing month
Interest Rate
8.75% - 9.15%
Loan Amount
₹5L - ₹25Cr
EMI Per Lakh
₹2064 - ₹2083
Processing Fees
--
Pre Payment Charges
--
Interest Rate
8.5% - 9.4%
Loan Amount
₹1L - ₹1Cr
EMI Per Lakh
₹2052 - ₹2095
Processing Fees
Up to Rs 4,999
Pre Payment Charges
Pre-closure Charges Allowed if borrower has paid at least 12 EMIs.
For salaried:
Interest Rate
8.7% - 9.6%
Loan Amount
₹10L - ₹10Cr
EMI Per Lakh
₹2061 - ₹2105
Processing Fees
Up to 3% of loan amount
Pre Payment Charges
0-12 months: Lock-in period 1- 3 years: 4% + GST 3 years onwards: 2% + GST
Interest Rate
8.75% - 10.5%
Loan Amount
₹1L - ₹10Cr
EMI Per Lakh
₹2064 - ₹2149
Processing Fees
Up to 3.5% of the loan amount
Pre Payment Charges
Foreclosure charges 5% of the loan amount
Interest Rate
8.5% - 10.62%
Loan Amount
₹20L - ₹5Cr
EMI Per Lakh
₹2064 - ₹2142
Processing Fees
--
Pre Payment Charges
--
Interest Rate
9.75% - 15%
Loan Amount
₹5L - ₹10Cr
EMI Per Lakh
₹2112 - ₹2379
Processing Fees
Upto 2% of the loan amount
Pre Payment Charges
--
Interest Rate
9.75% - 13%
Loan Amount
₹7.5L
EMI Per Lakh
₹2112 - ₹2275
Processing Fees
--
Pre Payment Charges
--
Interest Rate
8.7% - 9.7%
Loan Amount
₹1L - ₹10Cr
EMI Per Lakh
₹2044 - ₹2095
Processing Fees
₹4,999 One time fee
Pre Payment Charges
Interest Rate
8.5% - 10.57%
Loan Amount
Up to ₹75L
EMI Per Lakh
₹2052 - ₹2153
Processing Fees
--
Pre Payment Charges
--
Interest Rate
9.1% - 11.55%
Loan Amount
₹1L - ₹10Cr
EMI Per Lakh
₹2081 - ₹2202
Processing Fees
Up to 2% of loan amount
Pre Payment Charges
Interest Rate
8.45% - 13.45%
Loan Amount
₹10K - ₹50Cr
EMI Per Lakh
₹2030 - ₹2298
Processing Fees
For Dropline OD: 1% of the limit subject to a maximum of Rs 10 lakh.
Pre Payment Charges
3% to 4% of the balance loan amount.
Interest Rate
7.55% - 8.05%
Loan Amount
₹5L - ₹10Cr
EMI Per Lakh
₹2006 - ₹2030
Processing Fees
--
Pre Payment Charges
--
Interest Rate
8.55% - 10%
Loan Amount
₹5L - ₹5Cr
EMI Per Lakh
₹2054 - ₹2125
Processing Fees
Up to 1.00% of loan amount
Pre Payment Charges
--
Interest Rate
8.4% - 10.15%
Loan Amount
₹5L - ₹40Cr
EMI Per Lakh
₹2047 - ₹2132
Processing Fees
Up to 1.3%
Pre Payment Charges
--
Interest Rate
8.35% - 11.15%
Loan Amount
-
EMI Per Lakh
₹2052 - ₹2052
Processing Fees
1% of loan amount
Pre Payment Charges
Interest Rate
8.35% - 10.9%
Loan Amount
Up to ₹50L
EMI Per Lakh
₹2100 - ₹2369
Processing Fees
Up to 3% (plus applicable taxes) of the facility amount for sanctioned cases only
Pre Payment Charges
Up to 5.5% depending upon scheme and tenure completed
Interest Rate
8.4% - 10.25%
Loan Amount
₹1L - ₹5Cr
EMI Per Lakh
₹2047 - ₹2137
Processing Fees
0.25% of Loan amount (Minimum – Rs. 1000/- Maximum Rs. 1500/-)
Pre Payment Charges
--
Interest Rate
8.5% - 11.25%
Loan Amount
₹10L - ₹50L
EMI Per Lakh
₹2052 - ₹2187
Processing Fees
Up to 1% of loan amount
Pre Payment Charges
--
Interest Rate
8.4% - 9.9%
Loan Amount
Up to ₹75L
EMI Per Lakh
₹2047 - ₹2120
Processing Fees
--
Pre Payment Charges
Interest Rate
8.4% - 10.85%
Loan Amount
Up to ₹5Cr
EMI Per Lakh
₹2042 - ₹2042
Processing Fees
Up to 1% of loan amount + GST
Pre Payment Charges
Interest Rate
8.4% - 10.6%
Loan Amount
₹10L - ₹10Cr
EMI Per Lakh
₹2047 - ₹2154
Processing Fees
NIL
Pre Payment Charges
--
Interest Rate
8.99% - 9.75%
Loan Amount
₹10L - ₹5Cr
EMI Per Lakh
₹2075 - ₹2112
Processing Fees
3% onwards
Pre Payment Charges
>6 months: 5%
Interest Rate
9% - 22%
Loan Amount
₹1L - ₹1Cr
EMI Per Lakh
₹2076 - ₹2762
Processing Fees
one-time nominal processing fee up to 3% plus applicable taxes.
Pre Payment Charges
Interest Rate
15%
Loan Amount
₹1L - ₹3Cr
EMI Per Lakh
₹2287 - ₹2287
Processing Fees
Initial Processing Fees- Up to Rs 5,000 Processing Fees including initial processing fee Up to 1% for cheque salaried Up to 3% for others
Pre Payment Charges
--
Interest Rate
8% - 18%
Loan Amount
₹20K - ₹75L
EMI Per Lakh
₹2028 - ₹2539
Processing Fees
--
Pre Payment Charges
--
Interest Rate
8.5% - 14.5%
Loan Amount
₹1L - ₹5Cr
EMI Per Lakh
₹2052 - ₹2187
Processing Fees
Up to 1% of the loan amount
Pre Payment Charges
--
Interest Rate
13.22%
Loan Amount
₹10L - ₹3Cr
EMI Per Lakh
₹2287 - ₹2287
Processing Fees
2.5% of the loan amount + applicable taxes
Pre Payment Charges
--
Interest Rate
9% - 16.75%
Loan Amount
₹5L - ₹50L
EMI Per Lakh
₹2076 - ₹2472
Processing Fees
--
Pre Payment Charges
--
Interest Rate
8.6%
Loan Amount
₹2L - ₹20Cr
EMI Per Lakh
₹2056 - ₹2056
Processing Fees
--
Pre Payment Charges
--
Interest Rate
8.75% - 16.75%
Loan Amount
₹2L - ₹75L
EMI Per Lakh
₹2314 - ₹2526
Processing Fees
₹ 3,350 + GST applicable (Non – refundable)
Pre Payment Charges
Interest Rate
11.75% - 17%
Loan Amount
₹1L - ₹1Cr
EMI Per Lakh
₹2212 - ₹2485
Processing Fees
Up to Rs 3,500
Pre Payment Charges
Interest Rate
8.7% - 12%
Loan Amount
₹5L - ₹5Cr
EMI Per Lakh
₹2061 - ₹2224
Processing Fees
Up to 2.75%of the loan amount
Pre Payment Charges
2% for payment of more than 25% of the outstanding principal balance.
Interest Rate
12.5% - 19.5%
Loan Amount
Up to ₹50L
EMI Per Lakh
₹2250 - ₹2622
Processing Fees
Up to 3% of the loan amount
Pre Payment Charges
--
Interest Rate
11% - 19%
Loan Amount
₹3L - ₹40L
EMI Per Lakh
₹2174 - ₹2594
Processing Fees
Up to 2% of the loan amount
Pre Payment Charges
Nill
Interest Rate
8.5%
Loan Amount
₹1L - ₹2Cr
EMI Per Lakh
₹2052 - ₹2052
Processing Fees
Up to 2%-6% of loan amount
Pre Payment Charges
Nill
Interest Rate
8.55%
Loan Amount
₹5L - ₹2Cr
EMI Per Lakh
₹2054 - ₹2054
Processing Fees
--
Pre Payment Charges
--
Interest Rate
15% - 25%
Loan Amount
₹2L - ₹2Cr
EMI Per Lakh
₹2379 - ₹2935
Processing Fees
Up to 10% of loan sanctioned
Pre Payment Charges
Interest Rate
8.45% - 15%
Loan Amount
₹1L - ₹15Cr
EMI Per Lakh
₹2049 - ₹2379
Processing Fees
Up to 0.50 % of the loan amount + GST and other applicable statutory levies
Pre Payment Charges
--
Interest Rate
11%
Loan Amount
₹1L - ₹7Cr
EMI Per Lakh
₹2174 - ₹2174
Processing Fees
--
Pre Payment Charges
--
Interest Rate
9.5% - 10.5%
Loan Amount
Up to ₹5Cr
EMI Per Lakh
₹2100 - ₹2149
Processing Fees
6.00%
Pre Payment Charges
Pre-closure fee = 3% - 7% of principal outstanding (plus applicable tax)
Interest Rate
10.5% - 10.9%
Loan Amount
₹5L - ₹5Cr
EMI Per Lakh
₹2149 - ₹2169
Processing Fees
--
Pre Payment Charges
--
Interest Rate
9.5%
Loan Amount
₹5L - ₹2Cr
EMI Per Lakh
₹2174 - ₹2174
Processing Fees
--
Pre Payment Charges
--
Interest Rate
9% - 20%
Loan Amount
₹5L - ₹50L
EMI Per Lakh
₹2076 - ₹2649
Processing Fees
Rs 5,000 (including GST)
Pre Payment Charges
Nil
Interest Rate
9.1% - 14.75%
Loan Amount
₹20L - ₹10Cr
EMI Per Lakh
₹2081 - ₹2366
Processing Fees
Up to 3% of the loan amount
Pre Payment Charges
Pre-closure Charges -
Monthly EMI
₹21,696
Total Interest
₹27,07,040
Total Amount
₹52,07,040
Home loan processing fees may vary widely based on lenders and credit profiles of loan applicants. Here are the typical fees and charges:
Particulars | Charges |
---|---|
Processing Fee | 1% - 2% of loan amount |
Foreclosure/Prepayment Charges | For floating rate: Nil For fixed rate: Around 2% - 4% on the principal outstanding |
Overdue Charges on EMI | 2% per month of the unpaid EMI |
EMI Bounce Charges | Around ₹ 400 |
Legal Fee | As per Actuals |
Note: These charges are indicative and may vary from bank to bank. Please check with your preferred lender for exact charges.
Home loan eligibility differs across lending institutions and home loan schemes. However, a common set of housing loan eligibility criteria is given below:
Criterion | Requirement |
---|---|
Nationality | Indian Residents, Non-Resident Indians (NRIs), and Persons of Indian Origin (PIOs) |
Credit Score | Preferably 750 and above |
Minimum Age | 18 years with some lenders setting the minimum age of 21 years |
Maximum Age | Usually 70 years at the time of loan maturity with some lenders extending the tenure till 75 years of age |
Work Experience | At least 2 years (for salaried) |
Business Continuity | At least 3 years (for self-employed) |
Minimum Salary | At least Rs. 25,000 per month (varies across lenders & locations) |
Loan Amount | Up to 85% of property value |
Note: Apart from the above parameters, your home loan eligibility also depends on the property you are buying and the location of the property.
Also Check: Top 10 Tips to Consider before Availing a Home Loan
House loan borrowers can avail tax benefits under various sections of the Income Tax Act. These home loan tax benefits help borrowers save a substantial amount of money every year. Below are the tax benefits that you can get on your home loan EMI payments:
Section of Income Tax Act | Nature of Home Loan Tax Deduction | Max. Tax Deductible Amt. |
---|---|---|
Section 24(b) | Interest paid | Rs. 2 lakh |
Section 80C | Principal (including stamp duty and registration fee) | Rs. 1.5 lakh |
Dos | Don'ts |
---|---|
Keep your credit score at 750 or above | Apply for home loan without checking your credit score |
Limit your total EMI obligations within 50% of your net monthly income | Use emergency fund for making higher down payment |
Compare home loan offers from various lenders | Apply with multiple lenders within a short span |
Try making larger down payment to reduce LTV ratio | Forgo existing investments for making higher down payment |
Add a co-applicant for higher loan eligibility | Plan EMI payments without considering the monthly contributions you need to make towards your crucial financial goals |