Home Loan

Interest rates starting from 8.50%* p.a I Loan of up to Rs. 15 Crore* I Tenure of up to 40

4 reasons to choose our business loan

Loan of up to Rs. 5 Crore

Lowest Intrerest rates

Tenure of up to 40 years

Unmatched Tax Benefits

6 unique variants of our home loan

Loan to purchase Home

Under the home purchase loan the amount is sanctioned to purchase an already built in house or ready to move in property. This is the most popular types of loan which helps borrowers to buy a home whether a flat or a bungalow. Home loans can be taken to buy properties that are either commercial or personal in nature.

Loan to construct Home

This amount is given to an individual to build or construct a home on an existing piece of land. This loan is apt for individuals who would like to construct their own house rather than purchasing a pre-constructed house.
Unlike Home Purchase loan where the amount is disbursed in bulk, under loan for construction, the amount sanctioned is generally disbursed in installments depending upon the progress of the construction.

Purchase Loan / Plot Loan

This loan is apt for individuals looking to purchase plot or land for construction of a home. Even if you do not wish to do any construction, you can simply keep the plot as an investment.

Loan for Home Renovation/ Extension:

This loan is for those aspiring to renovate or extend their home. If you plan to add a room, or floor or any alteration to the current structure then you can definitely go for it. Also this type of loan offers similar interest rates as basic home loan.

Home Loan Balance Transfer/Top Up:

Balance transfer is done by customers already having a home loan. A customer during his loan tenure may opt to transfer his remaining balance amount from one bank to another. There can be varying reasons for it. For instance, a customer may switch his lender for lower interest rates or simply because he is being offered better services. Top Up is an additional amount given to a borrower above and over an existing home loan with minimal new documentation.

Pradhan Mantri Awas Yojana

Under Pradhan Mantri AwasYojana, the government offers “Credit Linked Subsidy Scheme (CLSS)”for the economically weaker section, Lower Income Group, Middle Income Group with a vision of providing homes to all citizens. Almost all banks offer loan in coalition with this scheme.

Eligibility criteria and documents required

Anyone can apply for our business loan if they meet the five basic criteria mentioned below. If you meet all the business loan eligibility criteria, you will need a set of documents to complete your application process.

Eligibility criteria

• Nationality: You must be an Indian citizen residing in India.
• Occupation: salaried employee, a professional individual, and a self- employed individual.
• CIBIL Score: A CIBIL Score of 725 or higher is ideal to get a home loan.
• Age: For Salaried – A salaried applicant must be between 23 years to 65* years, and a self-employed professional must be between 23 years to 75* years.*


• Age Proof: Pan card/ Voter ID Card /Class 10th mark sheet/ Birth Certificate/ Passport/Aadhaar Card
• Identity Proof: Electricity Bill (Residence & Office)/Passport Driving License/Voters ID/Aadhar Card /PAN Card
• Income and Bank Statements- Income Tax Return of last 2 years including: Computation of Income (CA Certified),Audited Balance Sheet +Assets Account +Capital Account +Profit & Loss Account +Receipt & Payment Account +Bank Statement +Updated 6 months
• Property Papers: , Registry Paper , Link Registry , Diversion Paper , P1, P2 (Khasra ,Naksha, Khatauni) , Blue Print Map.

Frequently asked questions

A home loan is an amount lender offer to purchase/construct/renovate/extend one’s property at a predetermined interest rate and repayment tenure. The borrower then repays the amount through scheduled EMIs, while the lender retains the ownership of the property till the entire amount is repaid.

The different types of home loans available in India are:

  • Home purchase loan
  • Home construction loan
  • Home renovation/extension loan
  • Plot purchase loan
  • Home loan balance transfer and top up
  • Loans under the Pradhanmantri Awas Yojana

No, as per the RBI guidelines no lender in India is allowed to offer 100% financing in home loans. Lenders can at the most do financing up to 80% of the property value

Loan repayment period starts immediately after the entire loan amount has been disbursed. If the loan is taken for construction of house, in which banks disburse partially then you have to start repaying on this partially disbursed amount.

You can get tax benefit on the principal amount under section 80C of Income Tax Act. You can claim up to Rs 1,50,000/- under this section. You can also get tax benefit on the interest paid under section 24 of the Income Tax Act.

Following are the factors that affect your home loan eligibility:

  • Age
  • Income
  • Employment status
  • Credit Score
  • Property Value

As soon as the documents required are submitted and verified, the processing of application begins. The whole procedure usually takes anywhere between 10 to 30days.

Since property documents are kept as collateral, lenders return all your property documents once the entire home loan amount is repaid and the loan on your name is closed.