The Basics

What is a Home Loan?

A Home Loan, also known as a mortgage, is a sum of money borrowed from a financial institution to purchase, construct, or improve a residential property. The property itself serves as security for the loan until the total amount is repaid with interest.

Repayment is structured through Equated Monthly Installments (EMIs) over a tenure that can stretch up to 30 years, allowing you to bridge the gap between your savings and the cost of your dream home.

Are You Eligible?

Eligibility Criteria

Indian resident or NRI with an owned property
Minimum age 21 years; maximum 70 at maturity
Stable income source for minimum 2 years
Clear property title with legal approvals
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CIBIL Score
750+
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LTV Ratio
Up to 90%
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Min. Income
₹25k/mo
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Max Tenure
30 Years
Know Your Options

Types of Home Loans

Different needs call for different loan products. Find the one that fits your situation.

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Most Popular

Home Purchase Loan

The most common home loan — used to buy a ready-to-move or under-construction residential property.

Coverage Up to 90%
Tenure 30 Yrs
Interest Floating
Tax Benefit 80C + 24(b)

What is a Home Purchase Loan?

A home purchase loan lets you buy a residential property — be it a flat, independent house, row house, or villa — from a builder, developer, or resale seller. The lender pays the seller directly and you repay the bank through EMIs over the agreed tenure.

Key Features

Banks fund up to 75–90% of the property's market value or agreement value.

Disbursal in stages for under-construction properties, or one go for ready homes.

Significant tax deductions on both principal and interest components.

Joint application options to enhance eligibility and distribute tax benefits.

Best For

First-time homebuyers purchasing a flat or house from a builder or in the resale market.

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Construction Loan

Funding to build your own house on a plot you already own. Disbursed in stages matching progress.

Coverage 80% of Cost
Tenure 20 Years
Flow Stage-wise

Build Your Own Home

If you already own a plot of land and are looking for funds to construct your dream house, an Individual Home Construction Loan is the ideal choice.

Best For

Plot owners who have an approved building plan and are ready to start construction.

Renovation Loan

Elevate your living experience with interior work, repairs, or structural upgrades.

Coverage 80% of Estimate
Tenure 15 Years

Transform Your Existing Home

Whether it's giving your old house a modern look or repairing structural issues, a Renovation Loan provides the financial flexibility you need.

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Plot + Construction

A composite loan for those buying land with an intent to build their home immediately after.

Land Purchase & Building Combined

This unique solution allows you to finance both the land acquisition and the construction costs within one simple loan structure.

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Balance Transfer

Switch your outstanding home loan to another bank to enjoy lower interest rates and savings.

Maximize Your Savings

A balance transfer allows you to relocate your existing debt to a lender offering more favorable terms, potentially saving you lakhs.

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Top-Up Loan

An add-on loan on top of your existing mortgage for any personal or business requirement.

Instant liquidity against property

If you already have a home loan and have a good repayment track record, access quick funds at competitive rates.

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PMAY / Govt. Scheme

Interest subsidy schemes for the EWS, LIG, and MIG categories under Housing for All.

Government Subsidy Benefits

Under the Pradhan Mantri Awas Yojana (PMAY), first-time homebuyers can avail of significant interest subsidies on their home loan.

How It Works

Home Loan Process

1

Check Eligibility

Know your loan limit.

2

Choose Property

Select within your budget.

3

Apply for Loan

Submit your request.

4

Submit Documents

Provide required details.

5

Verification

Bank checks your profile.

6

Loan Approval

Loan terms confirmed.

7

Disbursement

Funds are released.

8

EMI Begins

Start repayments.

Common Questions

Frequently Asked Questions