Home Loans Made Simple — Low Interest Rates, Long Tenure
Buying a home is a milestone achievement. With the right home loan, you can turn your dream into reality.
Compare top lenders, check eligibility, calculate EMI, and get the best deal — all in one place.
Bank / HFC
Eligibility (Income)
Interest Rate (p.a.)
Max Tenure
Loan Amount (up to)
CIBIL Required
Apply Now
SBI Home Loan
₹25,000+ / month
8.50%*
30 Years
₹5 Crore
700+
HDFC Home Loan
₹30,000+ / month
8.70%
30 Years
₹10 Crore
720+
ICICI Home Loan
₹35,000+ / month
8.65%
30 Years
₹7.5 Crore
710+
Axis Bank Home Loan
₹25,000+ / month
8.80%
30 Years
₹6 Crore
700+
*Interest rates are floating and subject to change based on RBI policy and credit profile.
What is a Home Loan?
A Home Loan is a secured loan offered by banks and housing finance companies to help you purchase, construct, or renovate a residential property. The property itself serves as collateral, and you repay the loan in Equated Monthly Installments (EMIs) over a long tenure, typically up to 30 years.
How Does a Home Loan Work?
After you apply, lenders assess your income, credit score, property value, and repayment capacity. Upon approval, the loan amount is disbursed, and you start paying EMIs consisting of principal and interest components.
Application & Property Verification
Credit Assessment & Loan Sanction
Legal & Technical Valuation
Disbursement & EMI Repayment
Tax Benefits (under Section 24 & 80C)
Key Features of Home Loan
High Loan Amount: Up to ₹10 crore based on eligibility
Flexible Tenure: 5 years to 30 years
Competitive Interest: Starting from 8.50% p.a. (floating/fixed)
Tax Deductions: Save on principal & interest repayment
Top-up Loan Facility: Additional funds for renovation
Balance Transfer: Switch to lower interest rates
Eligibility Criteria (Typical)
Age: 21 – 65 years (at loan maturity)
Minimum monthly income: ₹25,000+
CIBIL Score: 700 or above preferred
Stable employment (salaried) or 3+ years business vintage
Property should be free from legal disputes
Required Documents
📄 For Salaried Applicants
KYC (Aadhar, PAN, Passport)
Last 3 months salary slips
Form 16 & ITR for last 2 years
Bank statements (6 months)
Property documents (Sale deed, approved plan)
🏢 For Self-Employed
ITR with computation (last 3 years)
Audited Balance Sheet & P&L
Business proof (GST, MSME certificate)
Bank statements (12 months)
Home Loan FAQs
1. What is the maximum home loan tenure?
Most lenders offer home loan tenure up to 30 years, depending on the borrower's age and repayment capacity.
2. What are the tax benefits on home loans?
Under Section 80C, principal repayment up to ₹1.5 lakh; under Section 24(b), interest deduction up to ₹2 lakh for self-occupied property. Additional benefits under Section 80EEA for affordable housing.
3. Can I prepay my home loan?
Yes, most banks allow partial or full prepayment, usually with zero or minimal charges on floating rate home loans.
4. What is the difference between fixed and floating interest rate?
Fixed rates remain constant throughout tenure, while floating rates change based on market benchmarks (repo rate, MCLR). Floating rates are generally lower.
5. How much loan can I get against my salary?
Lenders typically sanction 4-6 times your annual income, after considering existing EMIs and obligations.
