Home Loan
Finance purchase, construction or resale of a home with long tenures and competitive rates from leading banks and NBFCs in India.
Loan options focused on Home Loan
Home Loan borrowers usually evaluate banks and NBFCs that actively service the city. The market is marked by Indian city market and salaried and self-employed mix. Branch coverage and digital journeys both matter; many profiles clear online KYC first.
Use product pages for Home Loan to review eligibility, documents and indicative charges, then submit one clear enquiry.
- City focus: Home Loan
- Corridors: city and nearby localities
- Demand pattern: growing formal credit demand
- Tip: Family co-applicants are frequently used to improve eligibility on higher tickets.
Home Loan – Overview
A home loan is a secured long-term loan with the property mortgaged to the lender. You can fund a ready flat, under-construction project, plot-plus-construction or balance transfer.
Rates in India are mostly floating and often start in the mid-8% range for strong profiles. Tenures go up to 20–30 years. LoanPao helps you compare lenders pan-India, with strong support for Delhi NCR buyers.
Check Your Eligibility
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Top Lenders for Home Loan
| Bank / NBFC | Interest Rate | Loan Amount | Tenure | Processing Fee | |
|---|---|---|---|---|---|
| SBI | ~8.15%–9.65% p.a. | ₹5 Lakh – ₹10 Cr+ | 5 – 30 years | 0.35%–0.50% | Apply |
| HDFC Ltd | ~8.35%–9.50% p.a. | ₹5 Lakh – ₹10 Cr+ | 5 – 30 years | Up to 0.50% | Apply |
| LIC Housing Finance | ~8.50%–10.00% p.a. | ₹5 Lakh – ₹15 Cr | 5 – 30 years | Up to 0.50% | Apply |
| PNB Housing | ~8.50%–10.25% p.a. | ₹5 Lakh – ₹10 Cr | 5 – 30 years | Up to 0.50% | Apply |
| Can Fin Homes | ~8.50%–10.50% p.a. | ₹5 Lakh – ₹5 Cr | 5 – 30 years | Up to 0.50% | Apply |
| Bank of Baroda | ~8.40%–9.70% p.a. | ₹5 Lakh – ₹10 Cr | 5 – 30 years | 0.35%–0.50% | Apply |
| ICICI Bank | ~8.75%–9.85% p.a. | ₹5 Lakh – ₹10 Cr+ | 5 – 30 years | Up to 0.50% | Apply |
| Axis Bank | ~8.75%–9.65% p.a. | ₹3 Lakh – ₹5 Cr+ | 5 – 30 years | Up to 1.00% | Apply |
Rates and limits are indicative only, may change without notice, and are not an offer. Final terms are set by the lender after eligibility assessment. Verify current offers with the bank or NBFC.
*Indicative ranges for comparison. Final offer depends on profile and lender policy at sanction.
*Indicative only.
Everything You Need to Know
Eligibility Criteria
| Applicant type | Salaried or self-employed resident Indians |
|---|---|
| Age | 21 – 58 years (salaried); up to 65 at maturity on some products |
| Income (salaried) | Minimum net salary often ₹15,000 – ₹25,000 per month |
| Income (self-employed) | Minimum annual income often ₹2 Lakh – ₹3 Lakh with 2 years ITR |
| Credit score | 700+ preferred; 750+ for best interest rates |
| Employment vintage | Salaried: 6–12 months with current employer; business: 1–3 years |
| FOIR | Total EMIs usually capped around 40%–55% of net monthly income |
Documents Required
| Identity (KYC) | PAN and Aadhaar (or passport / voter ID as accepted) |
|---|---|
| Address proof | Aadhaar, utility bill or passport from lender list |
| Income – salaried | Last 3–6 months salary slips; Form 16 if asked; 3–6 months bank statements |
| Income – self-employed | ITR + computation for 2 years; GST returns if registered; 6–12 months statements |
| Employment / business | Employee ID / appointment letter; Udyam / GST / registration for businesses |
| Disbursal | Cancelled cheque or account details in applicant name |
Processing Fees & Charges
- Processing fee: commonly 0.50% – 2.50% of loan amount
- Documentation / stamp charges: state-wise actuals
- Valuation / legal (secured loans): often ₹2,000 – ₹10,000+
- Prepayment: many floating home loans flexible; personal loans may charge 2%–5% after lock-in
- Late payment: penal interest often 2%–3% per month on overdue EMI
- Insurance: optional or bundled; premium may be financed
Application Process
- Share details via enquiry form
- Review matched offers
- Complete KYC and documents
- Credit appraisal
- Sanction letter
- Agreement and disbursal
Frequently Asked Questions
What is a personal loan?
An unsecured loan for personal end-use. You repay via EMIs over a fixed tenure.
What interest rate can I expect?
Often roughly 8.75%–16%+ p.a. depending on profile. Final rate is set by the lender.
What is the maximum amount?
Many lenders advertise up to ₹25–40 Lakh. Actual limit depends on income and credit.
How long does approval take?
Final disbursal often 1–5 working days after complete documents.
Will applying affect my CIBIL score?
A formal application usually creates a hard enquiry. Avoid many applications at once.
Can I prepay the loan?
Most lenders allow prepayment subject to policy and charges. Check the sanction letter.
Is LoanPao free?
Yes. Comparison and enquiry are free. You pay only the lender’s fees and interest.
Do you serve only Delhi NCR?
No. Pan-India subject to lender serviceability. Delhi NCR is a focus region.
Can self-employed applicants apply?
Yes, with ITR, banking and business proofs.
What if my application is rejected?
Common reasons: low score, high FOIR, unstable job or incomplete papers.