Home Loans

that make you feel at home.

Starting at 8.00% p.a.

Instant

Approvals

125+

Banks and NBFC Network

1000+

Branches

50,000CR+

Loans Disbursed Annually

Loan Amount

10K 2CR

Interest Rate

%
5% 17%

Tenure (Years)

Years
1YR 10YR
Equated Monthly Installment (EMI)
Home Loan EMI Calculator

Principal Amount

0

Monthly EMI

Total interest payable

Total amount payable

Home Loan Rates

The following is a comparison of loan feature of banks across key categories

Dw2ZURsN 1024px Punjab National Bank.svg
7.99% onwards

Interest Rate

0.35% Onwards

Processing Fees

Rs. 775/Lakh

EMI

JbG4uZOT Idbi
7.50% onwards

Interest Rate

Charges are nill

Processing Fees

Rs. 659/lakh

EMI

3WhgPGnH Lic
8.00% onwards

Interest Rate

0.25% of the Loan Amount

Processing Fees

Rs. 669/lakh

EMI

CjiYVbyU Hdf
8.10% onwards

Interest Rate

Up to 1.50%

Processing Fees

Rs. 703/Lakh

EMI

Citi
7.40% onwards

Interest Rate

Up to 0.50%

Processing Fees

Rs. 641/Lakh

EMI

8.10% onwards

Interest Rate

Up to 1%

Processing Fees

Rs. 706/Lakh

EMI

**The above figures are subject to change and GST may be applicable.

9pydGCa3 Icici
8.10% onwards

Interest Rate

Up to 1%

Processing Fees

Rs. 672/Lakh

EMI

YJEO5fQS Kotak
7.99% onwards

Interest Rate

Up to 2.0%

Processing Fees

Rs. 672/Lakh

EMI

6LoxRa52 Idfc
7.95% onwards

Interest Rate

Upto 1%

Processing Fees

Rs. 672/Lakh

EMI

**The above figures are subject to change and GST may be applicable.

Home Loan Details

  • What is a Home Loan?
  • Eligibility Factors
  • Documents Required
  • How To Apply
  • Loan Verification Process
  • Rate of Interest
  • Other Details
A home loan is a secured loan that allows you to avail high amounts of financing at low interest rates and a flexible repayment tenure of up to 30 years.

It helps you own a house without having to sacrifice your savings or dip into your investments. A home loan can be availed by anyone looking for funds to buy a new house, construct, expand, repair or renovate a house.

Here at Apnapaisa.com, we provide the best deals on home loans from the widest network of Banks/NBFCs, at the lowest interest rates and a hassle-free process.

Eligibility Factor:

Anyone, salaried professionals or self-employed individuals, are eligible to apply for a home loan. However, the criteria for eligibility can vary from one applicant to another.

Age:

21 - 65 years.

Credit Score:

  • Preferably 750 and above.

Nationality:

  • Indian Residents / Non Resident Indians (NRIs) / Persons of Indian Origin (PIOs)

Employment Type:

  • Salaried
  • Self-Employed professionals

Minimum Net Income (Monthly):

  • At least ₹25,000. Banks generally keep the EMI to income ratio at 0.45 to 0.50

Tenure of the Loan:

  • The longer the tenure you opt for, the higher is your home loan eligibility

Loan Amount:

  • Up to 90% of the property value, depending on your credit profile.

Work Experience:

  • Salaried Professionals must have been employed at their current workplace for at least 24 months.
  • Self-employed Individuals should have had a business tenure of at least 3 years (continuous).

Existing Loans:

  • In case you have any existing loans, then your loan eligibility amount will come down to keep the EMI to income ratio at around 0.50
The actual list of documents varies from one bank/NBFC/HFC to another. That said, here’s a checklist of the most common documents that are expected from all of them.

Proof of Identity:

  • PAN Card / Voter ID / Aadhaar Card / Passport / Driving License


Proof of Address:

  • Aadhaar Card / Lease Documents / Property Purchase Agreement / Utility Bill / Passport / Driving License

Proof of Income:

  • For Salaried Professionals: Salary Slip / Bank Account Statement / Form 16

  • For Self Employed Individuals: ITR / P&L Statement and Balance Sheet / Bank Account Statement

Proof of Business:

  • Certificate of Practice / Partnership Deed / GST Registration and Filing Documents / MOA & AOA / Shop Act License

Proof of Ownership/Property-related Documents:

  • NOC from Society & Builder / Detailed Estimate of the Cost of Construction of the House / Registered Sale Deed / Allotment Letter / An Approved Copy of the Building Plan
Apnapaisa.com not only gives you the best deals on home loans, but also makes applying for one easy and hassle free.

  • Fill up your personal details such as occupation, city, monthly income, phone number, etc. Then, click Proceed.


  • For personalised deals on home loans best suited to your needs, enter your company name, work experience, expected property cost, etc.


  • A compilation of home loan offers from our wide network of partner Banks and NBFCs will be displayed, based on your eligibility and chance for instant approval. Select a lender that best meets your requirements.


  • Fill out any additional details that may be required.


  • Your selected lender will send you an instant e-approval. Following which, a representative from your selected lender will get in touch with you to guide you through the documentation process.
A Home Loan is a secured loan that allows you to avail high amounts of financing at low interest rates and a flexible repayment tenure of up to 30 years. The Home Loan Verification Process involves all but 5 tiny steps.

  • Start by selecting a Bank/NBFC that’s providing you with the best terms that are most suited to your needs.


  • Submit an online application for a Home Loan on Apnapaisa.com. Your application will be transferred by us to your preferred lender.


  • Having received your Home Loan application, a representative from your chosen Bank/NBFC will call you to verify its details. A pick-up for the documents required will then be subsequently arranged by them at a place and time of your convenience.


  • As soon as your documents are collected and successfully verified, your Home Loan application will be approved by the said lender.


  • Sign the loan agreement and the requested amount will be disbursed to your account.

The rate of interest for home loans differs from one bank to another. With interest rates starting as low as 8.00%. Other factors such as your Credit Score, tenure of the loan, quantum of the loan and your income also affect the overall interest rate.


Check the list below to know the current rate of interest on home loans, offered by some of India’s leading banks and NBFCs.

Every individual is eligible for a total tax deduction of up to ₹5 Lakhs, on the principal and interest components of their home loan under Section 80C, 24B and 80 EEA.

Home Loan

The bridge that connects you to your dream house

Starting at 8.00% p.a.

Frequently Asked Questions

Who can be joint borrowers in a Home Loan?

Family members including spouse, parents, siblings and/or children can jointly apply for a Home Loan. The benefits of a joint Home Loan is that the combined income of the members can help in... Know More

What are the different types of Home Loan?

In addition to regular Home Loans, multiple Banks, NBFCs and Housing Finance Corporations (HFCs) provide different kinds of Home Loans for different purposes. It’s prudent to first.... Know More

Can I apply for a Home Loan jointly with my friend?

Friends and/or unmarried couples are not permitted to apply for a joint Home Loan. They can... Know More

Can I prepay/foreclose my Home Loan in advance?

Yes. You can prepay your entire Home Loan or a portion of it in advance. Prepayment reduces the Principal amount, thereby reducing the monthly EMI. According to the RBI, no lender can levy p... Know More

Can I get a home loan for the entire value of the property?

No. Home loans are generally provided by the financial institutions up to maximum of 80% (90% for loan amount below Rs 20 lakhs) of the agreement value of the house.... Know More

Does the LIC Home loan applicant's age affect the eligibility for a home loan?