About Home Loans
Loanpao’s Home Loans help you purchase or construct your dream home in Delhi, India. With competitive interest rates, quick disbursal, and flexible repayment options, we make homeownership easy and affordable.
Why Choose Our Home Loan?
- Interest Rates starting at 8.5% p.a.
- Loan Amount from ₹10 Lakh to ₹10 Crore
- Flexible Tenure up to 30 Years
- Up to 90% of property value
- Approval within 7-10 business days
- Minimal documentation
- Collateral: Property being financed
- Special rates for women borrowers
Are You Eligible?
| Criteria | Requirement |
|---|---|
| Applicant | Salaried or self-employed |
| Age | 21-65 years |
| Income | Minimum ₹25,000/month (salaried); ₹5 Lakh/year (self-employed) |
| Credit History | No major defaults; credit score 750+ preferred |
What Documents Do You Need?
- KYC: Aadhaar / PAN / Voter ID
- Income Proof: Salary slips, ITR, Form 16
- Bank Statements: Latest 6 months
- Property Documents: Sale deed, NOC, title deed
- Collateral: Property ownership documents
Attractive Interest Rates & Affordable Fees
| Bank/Lender | Interest Rate | Processing Fee |
|---|---|---|
| SBI | 8.5% p.a. | 0.35% or ₹10,000 |
| HDFC Bank | 8.75% p.a. | 0.5% or ₹15,000 |
| ICICI Bank | 8.9% p.a. | 0.5% or ₹15,000 |
| Axis Bank | 9.0% p.a. | 0.4% or ₹12,000 |
| Kotak Mahindra Bank | 9.1% p.a. | 0.5% or ₹15,000 |
| Bank of Baroda | 8.6% p.a. | 0.35% or ₹10,000 |
| Union Bank of India | 8.8% p.a. | 0.35% or ₹10,000 |
| Punjab National Bank | 8.7% p.a. | 0.35% or ₹10,000 |
| IDFC FIRST Bank | 9.0% p.a. | 0.4% or ₹12,000 |
| Yes Bank | 9.2% p.a. | 0.5% or ₹15,000 |
| NBFCs | 9.5% p.a. | 1.0% or ₹20,000 |
| Co-operative Banks | 8.8% p.a. | 0.35% or ₹10,000 |
Extra Charges:
- Late Payment Charges: 2% p.m. on overdue amount
- Prepayment Charges: Nil for floating rates; 2% for fixed rates
- GST: Applicable on processing fees
Note: Rates and fees are indicative as of April 2025 and subject to change.
Calculate Your EMI Instantly
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How to Apply for a Home Loan
- Complete the online or offline application with personal details.
- Submit KYC, income, and property documents.
- Undergo verification of income, credit history, and property.
- Review and accept the loan offer.
- Complete property registration and legal formalities.
- Receive funds within 7-10 business days.
Common Questions About Home Loan
What is a Home Loan?
A Home Loan is a secured loan to purchase or construct a residential property.
Who can apply for a Home Loan?
Salaried or self-employed individuals aged 21-65 with a credit score of 750+ preferred.
What is the maximum loan amount?
Up to ₹10 Crore or 90% of property value, whichever is lower.
How long does approval take?
Approval takes 7-10 business days after verification.
Can I prepay the loan?
Yes, prepayment is allowed with no charges for floating rates; 2% for fixed rates.
Is collateral required?
Yes, the property being financed serves as collateral.
What is the repayment tenure?
Up to 30 years, with flexible repayment options.
Are there special offers?
Yes, special rates for women borrowers and waived processing fees for select applicants.
What documents are needed?
KYC, income proof, bank statements, property documents, and collateral documents.
How does it affect my credit?
Timely repayment improves your credit profile, while defaults may limit future loan eligibility.