Instant Home Loan :
Buy Your Dream Home
A home loan, usually referred to as a mortgage, is a kind of loan given by financial organizations, like banks or mortgage lenders, to assist individuals or families in buying a property. It is a long-term loan that must be repaid over a long period of time, usually between 15 and 30 years, with consistent monthly payments.
Where You Can Use it
- Buy a new or resale residential property
- Construct a house on your own plot
- Home renovation / remodeling (kitchen, interiors)
- Home extension (add a room/floor, boundary)
- Balance transfer to lower interest rate
Who It’s Ideal For
- Salaried applicants with stable income
- Self-employed professionals & business owners
- First-time home buyers seeking digital approval
- Existing borrowers looking for top-up options
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What is a Home Loan?
A Home Loan is a long-term credit facility that helps you purchase, construct, renovate, or extend a residential property. Based on your income, credit profile, and property documents, banks/NBFCs offer a sanctioned amount that you repay via EMIs over a defined tenure.
🔹 How It Works
Apply with your KYC, income proof, and property papers. Post verification, valuation, and legal checks, the lender disburses the loan (full/part-linked to construction stage) and you repay via EMIs.
Features & Benefits of a Home Loan
High LTV
Up to ~90% of property value as per RBI/LTV norms & profile strength.
Long Tenure
Flexible EMIs with tenures up to 30 years based on lender policy.
Tax Benefits
Potential deductions on principal & interest as per IT Act rules.
Multiple Uses
Options for purchase, construction, renovation, extension, or plot+build.
Balance Transfer
Shift to a lower rate; add a top-up loan if needed and eligible.
Secure Process
Benefit from standardized valuation, legal title checks, and secure disbursal.
Home Loan Eligibility Criteria
Comparison| Criteria | Salaried | Self-Employed |
|---|---|---|
| Age | 21–60 years | 30–70 years |
| Min. Annual Income | ₹1 lakh p.a. | ₹1.5 lakh p.a. |
| Tenure Duration | 12–360 months | 12–300 months |
| Min. Experience | 3 years employment | 4 years business vintage |
Eligibility varies by lender, city, property type, and risk grading.
Documents Required for a Home Loan
ChecklistKYC & Identity
- ID Proof: Aadhaar / PAN / Voter ID / Passport / DL
- Address Proof: Utility bill (Elec/Phone) / Property Tax Receipt
- Bank Stats: Last 6 months bank statements
- Photos: Recent passport-size photographs
Property & Income
- Property Docs: Sale deed / Allotment letter / NOC / Land tax receipt
- Construction: Technical valuation / Cost estimate / Approvals
- Income (Sal): Latest 3 payslips / Form-16 / Service letter
- Income (Self): ITR for 2-3 yrs / Profit & Loss / Balance Sheet
Types of Home Loans
Home Purchase Loan
Buy a ready or under-construction property; LTV up to ~90% as per ticket size.
Home Construction Loan
For building on your own plot; funds released as per construction progress.
Home Renovation Loan
For repair, remodeling, or painting; usually features a shorter tenure.
Home Extension Loan
Helpful for adding rooms or floors to your existing residential structure.
Residential Plot Loan
Specifically for purchasing a plot within municipal or approved limits.
Interest Saver / Step-Up
Overdraft-linked accounts or graduated payments to reduce the interest burden.
How to Apply for a Home Loan (Online)
FAQ – Frequently Asked Questions
Calculate Your EMI Instantly
A Multi-Purpose Loan EMI Calculator helps you estimate your monthly repayment amount before applying for a loan.
0 / month
Principal
Interest
Total Payable
Repayment Schedule
| Month-Year | EMI | Interest | Principal | Balance |
|---|
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IDFC First Bank
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Incred
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Bajaj Finserv
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Axis Bank
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TATA FLY
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Bajaj Growth Location
NA
NA
NA
NA
HDFC Bank
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Fibe
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SMFG India Credit
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Bajaj SOL
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NA
NA
NA
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Axis Finance
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Bandhan Bank
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Finnable
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0-1%
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1-5 years
FairCent
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0-3%
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Upwards
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Moneyview
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IIFL
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0-3%
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IndusInd Bank
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0-2%
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Kotak Bank
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ICICI Bank
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HDB Financial
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0-3%
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Karur Vysya Bank
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0.50%
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Union Bank of India
Starting at 11.35% onwards
1.0%
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Canara Bank
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Federal Bank
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2.50%
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1 to 5 years
muthoot finance
10.25%
0-3%
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Yes Bank
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2%
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Aditya Birla Capital
Starting at 10.99 % onwards
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