Home Loan Online

A home loan is a financial assistance provided by banks or financial institutions to help individuals purchase, construct, or renovate a residential property.

Eligibility is based on factors like your age, income, credit score, employment type, financial obligations, and property value. Salaried, self-employed, and professionals are eligible.

It varies by lender, but generally, a minimum net monthly income of ₹25,000 is preferred.

You can avail a home loan for a tenure of up to 30 years, depending on your age and repayment capacity.

Home Purchase Loan
Home Construction Loan
Home Improvement/Renovation Loan
Plot Loan
Balance Transfer Loan
Top-Up Loan

Home loan interest rates generally start from 7.99% p.a., and may vary depending on the lender and applicant profile.

Fixed rate remains constant throughout the tenure.
Floating rate varies based on market conditions.

Generally, lenders provide up to 75%–90% of the property’s value depending on the loan amount and profile.

EMI depends on tenure and interest rate. For example, at 8% interest for 20 years, the EMI would be approx. ₹25,093.

Add a co-applicant
Declare all income sources
Reduce existing liabilities
Maintain a good credit score

Yes, under Sections 80C and 24(b) of the Income Tax Act for principal and interest repayment respectively.

This is a one-time, non-refundable charge by the lender, typically 0.25% to 1% of the loan amount.

Yes, most lenders allow prepayment or foreclosure with minimal or no charges, especially for floating-rate loans.

It allows you to switch your existing home loan to another lender for a lower interest rate and better terms.

Yes, most banks and NBFCs offer home loans to NRIs for buying or constructing residential property in India.