Home Loan - Compare & Apply Housing Loan Online up to Rs. 10 Crore
Home Loan - Avail home loans up to Rs.10 crore with interest starting from 6.50% p.a., processing fee from 0.5%, and repayment tenure up to 30 years through BankBazaar.
What is a Home Loan?
A home loan is offered by lenders to individuals to residential property. A significant portion of the cost of the property is covered by a home loan. Borrowers will have to make a down payment and the remaining amount can be cleared in Equated Monthly Instalments (EMIs). The tenure of a home loan ranges between 5 years and 30 years.
Bank Name | Interest Rate | Processing Fee | Loan Amount/Tenure | |
 | 7.50% p.a. to 8.70% p.a. | 0.35% of the loan amount (Minimum Rs.2000 + GST to a Maximum of Rs.10,000 + GST) | Loan Amount At the discretion of the bank 1-30 Years Tenure Range | |
 | 7.90% p.a. to 13.20% p.a. | Up to 0.50% of loan amount or minimum of Rs.3,300 + GST | 1-30 Years Tenure Range | |
 | 7.45% p.a. onwards | 0.50% of the loan amount up to a maximum of Rs.15,000 + GST | ₹ Contact the bank for details Loan Amount 1-30 Years Tenure Range | |
 | 8.25% onwards | 0.35% of the loan amount or Rs.2,500 whichever is higher, up to a maximum of Rs.15,000 ) | ₹ Up to 90% of the cost of the property Loan Amount 1-30 Years Tenure Range | |
 | 7.50% p.a. onwards | For loan up Rs.1 crore, 0.25% of loan amount subject to maximum of Rs.15,000 + GST For loan above Rs.1 crores to Rs. 2 crores, Rs.20,000 + GST For loan above Rs.2 crores to Rs. 5 crores, Rs.25,000 + GST For loans above Rs.5 crores up to Rs. 15 crores, Rs.50,000 + GST | 90% of the property value for up to Rs. 30 lakh Rs.10 Lakh to Rs.30 Crores. Loan Amount 5-up to 30 Years Tenure Range 90% of the property value for up to Rs. 30 lakh 80% of the property value up to Rs. 30 lakh to Rs. 75 lakh 75% of the property value for loan above Rs.75 lakh Maximum tenure of up to 30 years | |
 | 10.15% to 11.90% p.a. | Up to 1% of the loan amount or Rs.10,000 (whichever is higher) + GST (if applicable) | Loan amount ranging from Rs. 3 lakh to Rs. 10 crores 1-30 Years Tenure Range | |
 | 8.25% to 17.25% p.a. | From 0.25% to 2% of the loan amount | Contact the bank for details Loan Amount 1-30 Years Tenure Range | |
 | 8.19% p.a. to 11.23% p.a. | 0.25% of loan amount (for KBL Xpress Home loan for loan amount Rs.75 lakh: Nil) | Up to Rs. 5Crs Loan Amount 1-30 Years Tenure Range | |
 | 8.85% p.a. onwards | Up to 3% of the loan amount (Processing Fee) | Rs.1 lakh – Rs.5 crore Tenures up to 30 years | |
 | 7.45% p.a. onwards | Up to Rs.50 lakh: 50% More than Rs.50 lakh: 25% of loan amount | ₹ 1L -₹ Up to 10 Crore Loan Amount Up to 30 Years Tenure Range | |
 | 7.40% p.a. 10.25% p.a. | 0.50% (Minimum Rs.1500 + GST up to Maximum Rs.10,000 + GST) | No upper limit on quantum of loan Repayment tenure of 30 years or upto 75 years of borrower’s age, whichever earlier | |
 | 7.99% p.a. onwards | Up to 2% of the Principal amount + GST | Loan amount up to Rs. 40 crores Loan Tenure up to 25 years | |
 | 8.70% p.a. | Up to Rs.10,000 | Up to Rs.5 crore Loan Amount 1 - 25 Years Tenure Range | |
 | 6.50% to 15% p.a. Contact the Bank for more details | Contact the bank for details (Processing Fee) | Up to Rs.4 crore Tenure: up to 25 years Contact the bank for more details | |
 | 7.35% p.a. onwards | Contact the bank | Loan Amount 1 - 30 Years Tenure Range |
Note: The rate of interest listed above is as on of September 2025 and is subject to change at the discretion of the bank.
Top Housing Loan Schemes & Offers
- Kotak Mahindra Bank - Best for Low-Interest Rate
- Low-interest rates start from 7.99% p.a. onwards for salaried and self-employed individuals, respectively.
- Processing fee of up to 0.50% of the loan amount
- Loan tenure of up to 25 years
- Zero prepayment charges
- Balance transfer with top-up loan available
- Canara Bank Housing Loan - Best Interest Rate for Women
- Interest rate starts from 7.40% p.a. up to 10.25% p.a.
- Maximum repayment tenure of 30 years or up to 70 years.
- Processing fee of up to 0.50% of the loan amount
- It Can be used to purchase or construct a house/flat
- Zero prepayment charges
- Axis Bank Home Loan - Best Interest Rate for Salaried Employees
- Low-interest rates starting from 8.35% p.a.
- Loan amounts ranging from Rs.3 lakh up to Rs. 5 crores
- Maximum repayment tenure of 30 years
- Processing fee of up to 1% of the loan amount
- No prepayment/foreclosure charges
- HDFC Reach Home Loans for self-employed or salaried professionals
- Interest rates start from 10.25 % p.a. to 13.85% p.a.
- Flexible repayment tenure of up to 30 years
- Processing fee of 2% of the loan amount
- Minimal documentation with minimum income of Rs.2 lakh p.a.
- Add a woman co-owner for lower interest rates
- SBI Privilege Home Loan for Government Employees
- Zero processing fee
- Loan tenure of up to 30 years
- Reduced interest rates for women borrowers
- Interest concession when checkoff is provided
- PNB HFL Plot Loan - Best Home Loan for Plot and Construction
- Attractive rates starting from 9.25% p.a.
- Flexible loan tenure of up to 30 years
- Processing fee of up to 0.5% of the loan amount
- Loan enhancement in case of escalating costs
- Quick loan application and approval process
- SBI Realty Home Loan - Best Home Loan for Land Purchase
- Low-interest rates starting from 7.50% p.a.
- The Maximum tenure of ten years
- Processing fee of up to 0.35% of the loan amount
- Maximum loan amount of up to Rs.15 crore
- Interest rate concession for women borrowers
- SBI Smart Home Top-Up Loan - Best Top Up home loan
- Interest rates starting from 8.00% p.a. to 10.75% p.a.
- Processing fee of Rs.2,000 + GST (Minimum) to Rs.10,000 + GST (Maximum)
- Overdraft facility for loans above Rs.20 lakh
- Loan tenure of up to 30 years
- No prepayment penalty
- Union Awas Home Loan - Best for Low Credit Score
- Interest rate starts from7.45% p.a.
- Moratorium period of up to 3 years for construction or purchase of a home
- Loan tenure of up to 30 years
- For agriculturists, quarterly/half-yearly/annual repayments instead of EMI can be availed
- Open to permanent employees of educational institutions and agriculturists with a yearly income of up to Rs.48,000 p.a.
Process to Apply for a Home Loan
The process that must be followed to apply for a home loan is mentioned below:
- Check Eligibility - Ensure that meet the eligibility criteria to avail a home loan. You can check on the lender’s official website about the eligibility criteria. Basic details such as your name, date of birth, employment details, income details, etc., will need to be provided to check the eligibility criteria.
- Choose the Tenure and Loan Amount - Next, the amount of loan that you are availing must be selected. The repayment tenure must be chosen as well.
- Submit the Application - Next, the completely filled out application must be submitted.
- Documents - Next, the relevant documents must be submitted.
- Loan Sanction - Once the verification process has been completed, the loan will be sanctioned. The sanction letter will be provided and the loan amount will be deposited in the bank account.
Benefits of Availing a Home Loan
Some of the main benefits of availing a home loan are mentioned below:
- Rent need not be Paid - Since the rent in many cities is high, availing a home loan will ensure that no rent needs to be paid.
- Capital Appreciation - Over time, the value of the property will increase.
- Long Repayment Tenure - Lenders may offer home loans with a repayment tenure of up to 30 years. This will ensure that the EMIs will be low.
- Easier to Buy a Home - Since the down payment is low and the remaining amount can be paid in EMIs, it is earlier to purchase a house.
- Balance Transfer - You can transfer the balance to another lender in case they offer home loans at lower interest rates.
- Prepayment Charges - No prepayment charges will be levied in the case of a home loan.
- Tax Benefits - Tax benefits can be availed in case you opt for a home loan.
Types of Home Loans in India
Banks in India provide different types of housing finance options for various purposes. Here’s a list of the prominent types of housing loans in India based on a study of products offered by some of the top banks:
- New Home Loans - New Home Loans are offered to eligible customers looking to purchase a house or property for the first time.
- Pre-Approved Home Loan - Banks offer pre-approved home loans to eligible borrowers once their creditworthiness, income and financial position are considered considerable for an in-principal approval of the loan.
- Home Purchase Loans - Home purchase loans are given explicitly to borrowers looking to purchase a house or flat.
- Home Loan for Construction - A home loan is offered to customers looking to construct their own house on existing land.
- Plot Loans - Plot loans are offered to customers looking to purchase a piece of land or plot to construct a house.
- Home Loan Top Up - Home Loan Top Up is a facility offered by most banks and NBFCs that allows existing customers to borrow a certain amount above and over the existing home loan.
- Home Extension/Renovation Loans - Home loans for the extension or renovation of homes are offered to borrowers who wish to renovate/extend their existing house/property.
- Balance Transfer Home Loan - Individuals can use the balance transfer option to transfer their home loan from one bank to another. Most people choose this option to avail themselves of better interest rates.
- Home Conversion Loan - Suitable for those looking to purchase and move to another property when they have already bought a house with a home loan.
- Home Improvement Loan - These loans are sanctioned to those looking to repair/improve/renovate an already existing property.
- Home Loans for NRIs - These home loans cater to the housing needs of NRIs in the country. They also include PIOs and OCIs.
Home Loan Eligibility
The following is the list of eligibility criteria
Eligibility Criteria | Requirement |
Age | Minimum Age: 18 years and Maximum Age: 70 years |
Resident Type |
|
Employment |
|
Net Annual Income | At least Rs.5-6 lakh depending on the type of employment |
Residence |
|
Credit score | A good credit score of at least 750 or more obtained from a recognised credit bureau |
Documents Required for Home Loan
Identity Proof (any one) | Residence Proof (any one) | Other Documents |
Copy of Electricity Bill/Water Bill/Telephone Bill | Employer Identity Card | |
Copy of valid Passport/Aadhaar Card/Driving License | Duly filled loan application form affixed with 3 passport size photographs | |
Loan account statement for the previous 12 months if the applicant has any other ongoing loan from other banks/financial institutions | ||
Bank account statements for all the bank accounts owned by the applicant for the last six months |
Income Proof Documents
For Self-employed Applicant/Co-applicant: | For Salaried Applicant/Co-applicant: |
Income Tax Returns for the last 3 years | Salary Slips for the last three months |
Certificate of Qualification (for Doctors/CA and other professionals) | Copy of Form 16 or Income Tax Returns for the last two years |
Balance Sheet audited by a certified CA and Profit and Loss account for the previous 3 years | |
Business License Details | |
Business address proof | |
TDS Certificate |
Documents Required from all Non-Resident Indians (NRIs) Applicants
Identity Proof (any one) | Residence Proof (any one) | Other Documents |
PAN | Telephone bill | Attested copy of the applicant's/co-applicants'/guarantor's valid passport and visa |
Valid Passport | Electricity bill | Proof of residence indicating the applicant's current overseas address |
Driver's License | Water bill | Employer Identity Card |
Voter ID Card | Piped Gas bill | If the applicant is employed in the Merchant Navy, the applicant is required to submit a copy of Continuous Discharge Certificate (CDC) |
Valid Passport | PIO Card issued by the Government of India in case the applicant/co-applicant is a Person of Indian Origin (PIO). | |
Driving License | The completed loan application form duly filled with three passport size photographs of the applicant and co-applicants. | |
Aadhaar Card | The attestation of the documents can be done by: 1. Indian Embassy/Consulate 2. Overseas Notary Public 3. FOs/Representative Offices 4. Officials of Branch/Sourcing Units based in India |
Income Proof Documents for NRI
For Self-employed Applicant/Co-applicant | For Salaried Applicant/Co-applicant |
Proof of income if the applicant/co-applicant is a self-employed professional/businessman. | Valid work permit |
Business address proof | Employment contract (translated in English) attested by the employer/consulate/embassy/Indian foreign office if the contract is in another language. |
Balance Sheet and Profit and Loss accounts audited by a certified CA for the last 2 years | Salary slips for the last 3 months |
Individual Tax Return for the last 2 years - Not applicable to NRIs/PIOs located in the Middle East countries. | Bank statements indicating salary credit for the last 6 months |
Bank statement of the individual's as well as the business/company's overseas account for the last 6 months. | Copy of the Identity Card issued by the current employer along with the latest salary slip (original). |
- | Copy of the individual Tax Return for the last assessment year. - Not applicable to employees in the Merchant Navy and NRIs/PIOs located in the Middle East countries. |
Property Papers
- Agreement of Sale (any one):
- Registered Agreement of Sale
- Stamped Agreement of Sale
- Allotment Letter
- Occupancy Certificate in case the property is a ready-to-move-in property
- Copy (blueprint) of the Approved Plan and Registered Development agreement of the builder
- Conveyance Deed in case of a new property
- Bank account statements indicating all payments made to the seller or builder
Home Loan Fees and Charges
Depending on the type of loan you are applying for, the following charges may be levied:
- Processing fees - This is a one-time non-refundable fee to be paid to the home loan provider after the loan application has been approved. The processing charge varies depending on the bank and the loan scheme you are applying for.
- Prepayment charges - The Prepayment penalty is the fee you will have to pay the lender if you plan on repaying your home loan before the completion of the loan tenure.
- Conversion fees - Some banks also charge a conversion fee when you switch to a different loan scheme to lower the interest rate associated with your current scheme.
- Cheque dishonour charges - The fee is levied when the loan provider finds that a cheque issued by the borrower is dishonoured due to insufficient funds in the borrower’s account.
- Fees on account of external opinion: In some cases, you should consult an external expert, such as a lawyer or a valuator, for their opinion on the loan. This fee should be paid directly to the concerned person, not the lending institution. This fee should be paid directly to the concerned person, not the lending institution.
- Home insurance - The premium should be paid directly to the concerned company during the term to ensure the insurance policy runs during the home loan tenure.
- Default charges - Loan providers also penalise delayed repayments, i.e. if you fail to make your Equated Monthly Instalments (EMIs) or Pre-EMIs on time. The defaulting charges vary from one bank to another.
- Incidental charges - This charge covers the expenses incurred by the bank to recover dues from a borrower who has failed to make his monthly instalments on time.
- Statutory/regulatory charges - The fee includes all costs associated with the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI), Memorandum of Entry and Deposit, and stamp duty. You can visit CERSAI to learn more about these charges.
- Photocopy of documents - The fee is payable to the bank if you require a photocopy of your home loan documents for personal needs.
- Change in loan term - Some banks also charge a nominal fee if you wish to change the tenure associated with your loan.
Track Your Home Loan Application Status
BankBazaar helps you track your loan application easily. Simply visit application status, enter your Application ID and your mobile number, and get the status.
Before you Apply for a Home Loan
 | Check Home Loan EMI Calculator Our EMI calculator helps you calculate the amount you have to pay the bank every month. Input your loan amount, tenure, interest rate, and processing fee to get your EMI and loan amortisation details. |
 | Current Home Loan Interest Rates Interest rates are the charges a lender will levy on you for borrowing a certain amount over a specific period. They directly impact your EMI. These rates will differ from one lender to another. |
 | Check Home Loan Processing Fees This fee is charged by banks for processing your loan application. It is non-refundable and is charged before disbursal. It’s calculated either as a percentage of the loan amount or is a fixed amount. |
 | Each bank has specific parameters, based on which they approve a property loan for you. These include age, income, employment status, where you work, what builder you’re buying a house from, etc. |
 | Check Documents Required for Home Loan For the housing loan to be sanctioned, you’ll have to provide your identity proof and address proof, income documents such as ITR and payslips, bank statements, and proof of house purchase. |
 | Pradhan Mantri Awas Yojana (PMAY) Pradhan Mantri Awas Yojana (PMAY) is a Government of India initiative under the government provides an interest subsidy of 6.5% on housing loans availed by the beneficiaries. |
Home Loan Rejection
Do's | Don't |
Ensure that you have researched on the loan you want to apply for | Do not blindly sign the documents before you read every term and condition on it |
Read the fine print before taking the loan | Do not forget to compare interest rates offered by different loan providers |
Look out for any charges applicable on prepayments and foreclosure | Do not default on your monthly payments |
Make sure you pay the equated monthly instalments (EMIs) on time | Do not apply for a loan just for the sake of it |
Ensure that you have a good credit score before you apply | Do not sign the home loan agreement before reading the clauses |
Apply for a loan amount you are eligible for | Do not request for a change in tenure unless you have considered all the aspects |
Submit all the necessary documents | Do not submit an incomplete or mismatched loan application |
Ensure that you have stable employment | Do not have too many ongoing loans |
Tips to Improve Chances of Availing a Home Loan
Some of the tips that can be followed to improve the chances of availing a home loan are mentioned below:
- Make a Higher Down Payment - The loan amount will reduce in case the down payment is high. This will increase the chances of you getting a loan.
- Compare - It is vital that you compare different lenders before opting for one. Certain lenders may offer home loans with lower interest rates and processing fees compared to others.
- Increase the Tenure - Increasing the tenure will ensure that the EMIs will reduce. This will show the lender that the monthly instalments will be paid on time.
- Adding a Co-Borrower - Adding a co-borrower will increase the chances of you getting a loan. The combined income will be considered when the loan is provided.
- Improve Credit Score - Improving the credit score will ensure that home loans will be provided at lower interest rates. You can pay the credit card bills and EMIs on time to improve the credit score.
Fixed Rate vs. Floating Rate
Fixed Rate
Under a fixed rate loan, the interest rate will not change throughout the tenure. Therefore, you will know the EMI that must be paid every month. This can help in financial planning. However, the interest rate under such loans may be slightly higher than floating rate loans.
Floating Rate
Under a floating rate loan, the interest rate will depend on the market. Any benchmark rate change will also lead to a change in the interest rate. Interest rates on such loans are revised periodically and will depend on when the loan was disbursed.
FAQs on Home Loans
- What is a home loan?
A home loan is a secured loan from a financial institution to buy a residential property. You can avail a home loan to buy a ready-to-move-in house, apartment, or one under construction. Home loans can be availed from both banks and Non-Banking Financial Companies (NBFCs).
- Which is the best bank for home loan?
Before signing up for a home loan product, it’s best that you compare loans offered by different banks and lending institutions. While comparing, consider the interest rate, Loan-to-Value (LTV) ratio, processing fees, and tenure offered by the bank. Use a home loan EMI calculator and calculate your EMI based on these factors.
- How long does it take to get a home loan sanctioned?
Usually, it takes 3 to 4 weeks to get a home loan sanctioned.
- Which factors determine my home loan eligibility?
Banks/financial institutions consider the following factors such as your age, annual income, occupational stability, resident type, number of co-applicants, credit score, ongoing loans if any, etc.when determining your loan eligibility.
- What is the difference between a fixed-rate and a floating-rate home loan?
The rate of interest associated with fixed-rate loans remains unchanged during the entire tenure of the loan. On the other hand, the interest rates applicable on floating rate loans can be revised from time to time depending on the RBI key policy rates. The equated monthly instalments can increase or decrease depending on the prevailing RBI rates in the case of floating rate type loans.
- Can I prepay my outstanding home loan amount?
Yes, partial or full prepayment is possible. Floating-rate loans usually have no prepayment fee, but fixed-rate loans may incur a penalty of up to 2%.
- Can I avail tax deductions on my home loan?
Yes, you can avail tax benefits on both the interest and principal component paid against your home loan. As per Section 80C of the Income Tax Act, you can avail deductions up to Rs.1.50 lakh on the principal amount repaid annually. Under Section 24 of the IT Act, taxpayers are also eligible for benefits up to Rs.2 lakh on the interest repaid against a home loan annually.
- Who can be a co-applicant?
The co-applicant can be an immediate family member such as your spouse, your parents or even your major children.
- What is Pre-EMI?
Pre-EMI is the interest paid until the entire loan amount is disbursed, after which regular EMIs, comprising principal and interest, apply.
- Can I switch from a fixed rate to a floating rate during my home loan tenure?
Yes, you can switch from a fixed to floating rate of interest on your home loan during the repayment tenure. However, you will be charged a conversion fee by the lender in such cases.
- When does my loan repayment period begin?
The loan repayment period begins only after the loan provider has disbursed the entire home loan amount. However, you will be required to pay the interest i.e. pre-EMI on the partially disbursed loan on a monthly basis, in most cases.
- Can I take 2 home loans at the same time?
Yes, you can take 2 home loans at the same time provided that your lender approves your eligibility to manage 2 Equated Monthly Instalments (EMIs) at the same time. However, the tax benefits on the second house will be different and you will be required to establish the property as self-occupied or let-out property.
- Can I get 100% financing on a home loan?
No. Banks/financial institution do not grant 100% of the property value as home loan. Home loan lenders establish a margin on their loan i.e. the percentage of the cost that the lending institution will be covering.
- Does having a personal loan affect home loan eligibility?
When determining your home loan eligibility, the lender makes sure that your monthly repayments are not being affected by any other ongoing loans such as personal loan, two-wheeler loan, etc.
- Can I buy a house with two loans?
No, availing two home loans for the same property is considered fraudulent and prevented by authorities.
- How do joint home loans work?
A joint home loan can be availed by adding a co-applicant such as your spouse, parents, or an immediate family member on your application.
News about Home Loan
RBI to eliminate prepayment charges on floating‑rate home loans from 1 Jan 2026
From 1 January 2026, the Reserve Bank of India (RBI) has mandated that all floating‑rate home loans sanctioned or renewed on or after this date will have no prepayment charges. The aim is to empower borrowers to repay fully or partially, regardless of the source of funds, without penalty and with no lock‑in. This applies to loans for individuals and micro & small enterprises (MSEs), as per RBI’s directive to banks and NBFCs. Lenders must clearly mention this benefit in sanction letters, loan agreements, and the Key Facts Statement.
Repo rate went down to 6.25% as per the RBI Monetary policy 2025
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) reduced the policy rate by 25 basis points. The rates dropped from 6.50% to 6.25% and the Standing Deposit Facility rate will be at 6.00%.
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