What a home loan looks like
Loan to value
Up to 90% for property under ₹30 lakh, 80% up to ₹75 lakh, 75% above that
Tenure
Up to 30 years, subject to your age at maturity
Prepayment
No charges on floating-rate loans to individuals, by RBI rule
Tax benefit
Up to ₹2 lakh interest under 24(b) and ₹1.5 lakh principal under 80C, old regime only
Eligibility
- Salaried applicants aged 21–60, or self-employed aged 21–65 at loan maturity
- Minimum net monthly income of ₹25,000, higher in metro cities
- Credit score of 750 or above for the best pricing
- At least 2 years in the current job or 3 years in the current business
Documents required
- PAN, Aadhaar and address proof
- Last 3 months salary slips and 6 months bank statements
- Form 16 or last 2 years ITR
- Sale agreement, title deeds and approved building plan
- Property tax receipts and NOC from the society or builder
Frequently asked questions
Floating-rate home loans start from roughly 7.95% to 8.5% a year for salaried borrowers with a credit score above 750. Rates are linked to the RBI repo rate plus a lender spread, so they move when the repo rate changes.
The lower of two limits: what your income supports at a 50–60% FOIR, and the loan-to-value cap of 75–90% of the property value. The eligibility calculator applies both together.
A sanction on a complete file typically takes 3–7 working days. Disbursal follows legal and technical verification of the property, usually another 1–2 weeks.
Yes. A balance transfer moves the outstanding balance to a lender offering a lower rate. It is worth doing when the rate gap is 0.5% or more and substantial tenure remains.
Home Loan calculators
Run the numbers before you speak to a lender — it is the difference between negotiating and accepting.
Know your number before you apply
Check eligibility and EMI here first. A formal application leaves a hard enquiry on your credit file — these calculators do not.