Financing your dream home is now available at arm’s length, starting at interest rates as low as 8.50% p.a
Home Loans provide a flexible repayment tenure of up to 30 years, thereby helping you avail annual tax benefits while keeping your liabilities at the bare minimum.
Avail home loan with a drop line overdraft and save maximum interest.
Apnapaisa
Advantage
125+
Banks and NBFC Network
470
Branches
100+
Cities
Loan Amount
₹Interest Rate
%Tenure (Years)
YearsPrincipal Amount
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Monthly EMI
Total interest payable
Total amount payable
Home Loan Rates
The following is a comparison of loan feature of banks across key categories
Interest Rate
Processing Fees
EMI
**The above figures are subject to change and GST may be applicable.
**The above figures are subject to change and GST may be applicable.
Home Loan Overview
- What is a Home Loan?
- Eligibility Factors
- Documents Required
- How To Apply
- Loan Verification Process
- Rate of Interest
- Other Details
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
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
- 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.
- 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 8.50%. 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.
Home Loan
The bridge that connects you to your dream house
Starting at 8.50% p.a.