What is Home Loan?
A Home Loan is a secured loan that allows you to purchase or construct a residential property. The property itself serves as collateral for the loan, enabling you to borrow a substantial amount at competitive interest rates with flexible repayment tenure.
Top Banks Offering Business Loans – Compare Interest Rates
Compare interest rates, loan limits, and apply instantly with leading banks.
HDFC Bank
Interest Rates:
11.99% – 20% p.a.
Loan Amount:
₹1L – ₹50L
Interest Rates:
11.99% – 20% p.a.
Loan Amount:
₹1L – ₹50L
ICICI Bank
Interest Rates:
12.50% – 22% p.a.
Loan Amount:
₹2L – ₹40L
Interest Rates:
12.50% – 22% p.a.
Loan Amount:
₹2L – ₹40L
Axis Bank
Interest Rates:
13% – 24% p.a.
Loan Amount:
₹1L – ₹30L
Interest Rates:
13% – 24% p.a.
Loan Amount:
₹1L – ₹30L
SBI
Interest Rates:
12% – 22.5% p.a.
Loan Amount:
₹1L – ₹50L
Interest Rates:
12% – 22.5% p.a.
Loan Amount:
₹1L – ₹50L
Who Should Apply?
Ideal for first-time homebuyers, existing homeowners looking to upgrade, NRIs, and individuals seeking to purchase residential property for investment purposes. Also suitable for those wanting to construct a house on owned land.
Key Benefits
Competitive interest rates starting from 8.50% p.a.
Loan tenure up to 30 years
Higher loan eligibility based on income
Tax benefits under Section 80C and 24(b)
Pre-approved home loan offers
Balance transfer facility available
Quick approval and transparent process
Flexible repayment options
Eligibility Highlights
Age: 21-65 years
Minimum income: ₹25,000 per month
Employment: Salaried (minimum 2 years) or Self-employed (minimum 3 years)
Credit Score: 750+ preferred
Property should be approved by relevant authorities
Indian citizen or NRI with valid documentation
Minimum down payment: 10-20% of property value
Documents Required
Identity proof (Aadhar/PAN/Passport)
Address proof (Utility bills/Bank statements)
Income proof (Salary slips/ITR)
Employment proof (Appointment letter/Experience letter)
Bank statements (6-12 months)
Property documents (Sale agreement/Title deed)
