Home loan
Home loan offers — compare rate, tenure and total interest
A home loan is the longest financial commitment most people make, which is why small differences matter enormously. Over a long tenure, even a small difference in rate can change the total interest considerably. The loan is secured against the property itself, so rates sit well below unsecured credit — but the structure, reset frequency and fees vary by lender, and that is what this comparison is for.
Why borrowers pick it
What a home loan gives you
Lowest rates in retail credit
The property secures the loan, so home loans are priced far below personal or business credit.
Long tenures
Long terms keep the EMI manageable — at the cost of more total interest, which we show alongside.
Tax deductions
Principal and interest repayments may qualify for deductions under the Income Tax Act. Confirm the current limits with a tax adviser.
Floating or fixed
Floating-rate loans move with the lender's external benchmark; fixed-rate loans hold steady for an agreed period.
Eligibility
Who qualifies for a home loan
Criteria differ by lender. These are the ranges our partners commonly apply — the exact rule is shown on each offer.
Salaried applicants
- Within the lender's age limits at loan maturity
- A steady net monthly income that meets the lender's minimum
- Stable employment history
- A good credit score and a clean repayment history
Self-employed applicants
- Within the lender's age limits at loan maturity
- An established business with continuous operations
- Recent income tax returns
- Profitable operations as shown in filed financials
Paperwork
Documents you will need
Keep soft copies ready before you apply — most partners complete verification digitally.
Applicant documents
- PAN card and Aadhaar
- Income proof — salary slips or income tax returns
- Recent bank statements
- Passport-size photographs
Property documents
- Sale agreement or allotment letter
- Title deed and the chain of earlier title documents
- Approved building plan and occupancy certificate
- Latest property tax receipts and an encumbrance certificate
Costs
Interest, fees and charges
The rate is only part of the cost. Read this table alongside the total payable shown on each offer.
| Charge | What lenders typically apply |
|---|---|
| Processing fee | A percentage of the loan amount + GST, set by the lender |
| Interest rate | Set by the lender — floating or fixed |
| Legal and technical valuation | Often charged at actuals |
| Prepayment (floating rate) | Nil for individual borrowers, per RBI guidance |
| Prepayment (fixed rate) | As per the lender's terms |
Figures in brackets are placeholders. Final rates and fees are set by the lending partner and are disclosed in the sanction letter before you accept an offer.
FAQs
Home loan questions, answered
How much home loan can I get?
Two limits apply at once. Lenders fund a share of the property's assessed value, and they cap the EMI at a share of your net monthly income after existing obligations. The lower of the two decides your sanction.
Should I choose a floating or a fixed rate?
Floating rates track the lender's external benchmark, so they fall when the benchmark falls and rise when it rises. Fixed rates hold for an agreed period and cost more upfront for that certainty. Floating suits most borrowers who can absorb some variation in EMI.
Are there prepayment charges on a home loan?
RBI guidance bars foreclosure and prepayment penalties on floating-rate home loans taken by individual borrowers. Fixed-rate loans can still carry a charge — check the offer terms.
Does a co-applicant improve my eligibility?
Usually. Adding an earning co-applicant lets the lender count both incomes, which raises the amount you can borrow. Co-applicants are jointly liable for repayment.
What is an encumbrance certificate?
It is a record from the sub-registrar's office showing that the property carries no outstanding legal dues or charges. Lenders require it before disbursal.
Compare home loan offers side by side
Checking offers is a soft enquiry, so your credit score is not affected.