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The longest loan you will ever take

So the rate matters more than it feels like it does

On a twenty-year loan, half a percentage point is several lakh rupees. It is worth an afternoon of comparison, and almost nobody spends it.

Check your home loan eligibility Call +91 88067 78771

Purchase, construction, transfer PMAY guidance where eligible

What we arrange

Three situations

Purchase

Buying a ready or under-construction property. Lenders typically fund 75–90% of the value depending on the loan size.

You fund the balance plus stamp duty and registration
Under-construction means staged disbursement against builder demand letters

Self-construction

Building on a plot you own. Disbursed in stages against construction progress rather than in one payment.

Approved plan and cost estimate required
Stage-wise inspection before each release

Balance transfer

Moving an existing loan to a lower rate, often with a top-up. Worth checking annually — lenders price new customers better than existing ones.

Compare the rate against your CURRENT rate, not your original one
Factor in processing and legal costs before switching
A top-up is usually cheaper than any unsecured borrowing

Check your home loan eligibility

What actually decides the cost

Beyond the headline rate

Almost all home loans in India are floating, linked to an external benchmark, usually the RBI repo rate. Your rate is that benchmark plus a spread set at sanction. The benchmark moves for everyone; the spread is what you negotiated, and it stays with you.

So when rates fall and your EMI does not, it is usually because the lender has extended the tenure rather than cutting the instalment. That is worth asking about explicitly — it is your choice, not theirs.

Use the EMI calculator to see what tenure does to total interest
Processing fee, legal and valuation charges are negotiable more often than people try
Prepayment on a floating-rate home loan carries no penalty for individual borrowers

FAQ

Questions people actually ask

How much can I borrow?

Usually driven by income: lenders allow roughly 40–60% of monthly income towards all EMIs combined. The property value caps it separately. The EMI calculator gives an indicative figure from both.

Should I take the longest tenure?

It lowers the EMI and raises total interest substantially. A common middle path is a long tenure for safety plus prepayment when you have surplus — and on a floating-rate loan, individual borrowers face no prepayment penalty.

What about tax benefits?

Principal and interest both attract relief under the OLD regime. Under the new regime — now the default — the position is much more limited. Which regime you are on changes the answer materially, so check with our regime calculator before factoring tax savings into your decision.

Is PMAY still available?

Scheme terms and windows change. We will check the current position against your income category and property when you apply rather than quoting a figure here that may have lapsed.

Compare before you commit

Check your home loan eligibility Call +91 88067 78771

Application forms are being finalised. Until they are live, call or email us and we will start your application directly.