Make your home loan journey simple

Lenders look at how much of your monthly income can go towards EMIs after your existing loans, usually called FOIR (fixed obligations to income ratio). They also consider your age, job stability, credit history and the property.

Our calculator gives an indicative figure only. The final amount is decided by the lender.

Most lenders ask for:

• PAN and an accepted address / identity proof
• Salary slips and Form 16, or ITR and business proof if self-employed
• Bank statements of the last 6 months
• Property papers once the property is finalised

The exact list depends on the lender and your profile.

EMI = P × R × (1+R)^N / ((1+R)^N − 1), where P is the loan amount, R is the monthly interest rate (annual rate ÷ 12 ÷ 100) and N is the number of monthly instalments. Use the EMI calculator above to try different amounts, rates and tenures.

Yes. Many lenders offer an in-principle sanction based on your income and credit profile. The final loan is sanctioned after the property is finalised and its papers are checked.

Yes, a balance transfer moves your outstanding loan to another lender, usually for a lower rate. Check the processing fee, any charges and the remaining tenure before switching.

Your credit score, income, employment type, loan amount, loan-to-value ratio and the lender's own policy. Rates also change with the lender's benchmark rate.

It varies by lender and depends on how quickly documents and the property checks are completed. Our team keeps you updated at every stage.

RBI sets the maximum loan-to-value (LTV) a lender can fund:

• Up to 90% for loans up to ₹30 lakh
• Up to 80% for loans above ₹30 lakh and up to ₹75 lakh
• Up to 75% for loans above ₹75 lakh

The rest is your down payment. Stamp duty and registration are usually not included in the property value for this calculation.

A fixed rate keeps your EMI the same for an agreed period. A floating rate is linked to a benchmark such as the RBI repo rate, so it falls and rises with it. A hybrid rate is fixed for the first few years and floating after that.

Choose fixed if you want certainty, floating if you expect rates to ease, and compare the total cost before deciding.

Under the old tax regime:

• Section 80C: up to ₹1.5 lakh a year on principal repaid (shared with other 80C investments)
• Section 24(b): up to ₹2 lakh a year on interest for a self-occupied home

Tax rules change from time to time, so please confirm with a tax adviser before planning around them.

Budget for:

• Down payment (your own contribution)
• Stamp duty and registration, which vary by state
• Processing, legal and valuation fees
• Property insurance and, if you choose, loan-cover insurance
• Society transfer charges, maintenance deposit and interiors

Yes. As per RBI rules, lenders do not charge prepayment or foreclosure penalties on floating-rate home loans taken by individuals for non-business purposes. Fixed-rate loans may carry charges as per the lender's terms, so check your sanction letter.

Many lenders prefer a credit score of 750 or above, though each lender has its own policy. A higher score can help with approval and a better rate. Check your credit report before you apply and get any errors corrected.

Each formal loan application can lead to a credit enquiry, and many enquiries in a short time can lower your score. Shortlist lenders first, compare offers, and then apply to one or two.