Turn your dream of homeownership into reality with our competitive home loan solutions
15-20 days processing
Starting from 8.5%
Streamlined paperwork
Maximum property value
Extended repayment
| Loan Feature | Details |
|---|---|
| Interest Rate | 8.5% - 11.5% per annum (reducing balance) |
| Loan Amount | ₹5 lakhs to ₹5 crores |
| Loan-to-Value Ratio | Up to 90% of property value |
| Loan Tenure | 5 to 30 years |
| Processing Fee | 0.5% - 1% of loan amount (minimum ₹2,500) |
| Prepayment Charges | NIL for floating rate loans |
| Age Criteria | 21 to 65 years at loan maturity |
| Income Requirement | Minimum ₹25,000 per month for salaried |
The minimum down payment is 10-20% of the property value. For properties up to ₹30 lakhs, you can get up to 90% financing. For higher value properties, the loan-to-value ratio may be 80-85%.
Yes, you can claim tax deductions under Section 80C (up to ₹1.5 lakhs for principal repayment) and Section 24(b) (up to ₹2 lakhs for interest payment) under the Income Tax Act.
For floating rate home loans, there are usually no prepayment charges. For fixed rate loans, banks may charge 2-3% of the outstanding amount as prepayment penalty.
Home loan insurance is not mandatory but highly recommended. It protects your family from the loan burden in case of unforeseen circumstances. Property insurance is usually mandatory.