Home Loan Products

Detailed information about our home loan products and services

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Product Details

Comprehensive information about our home loan products

New Home Loan

Finance your dream of owning a brand new home with our comprehensive new home loan solutions.

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Loan Amount

Up to 90% of property value

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Interest Rate

8.5% - 12% per annum

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Loan Tenure

Up to 30 years

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Processing Time

48 hours for eligible applicants

Resale Home Loan

Purchase your perfect resale property with our flexible resale home loan options.

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Loan Amount

Up to 85% of property value

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Interest Rate

8.5% - 12% per annum

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Loan Tenure

Up to 30 years

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Documentation

Minimal documentation required

Home Construction Loan

Build your own home from the ground up with our stage-wise construction loan facility.

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Loan Amount

Up to 80% of construction cost

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Interest Rate

8.75% - 12.5% per annum

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Loan Tenure

Up to 30 years

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Disbursement

Stage-wise based on construction progress

Application Requirements

Eligibility criteria and requirements for home loan application

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Age Requirement

Applicant must be between 21 to 65 years of age at the time of loan maturity.

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Employment Status

Salaried or self-employed individuals with stable income source.

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Income Criteria

Minimum annual income as per loan amount and location requirements.

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Credit Score

Good credit history with CIBIL score of 650 and above preferred.

Loan Terms

Key terms and conditions for our home loan products

Repayment Options

  • EMI-based repayment with flexible tenure
  • Step-up and step-down EMI options available
  • Prepayment and part-payment facilities
  • No prepayment charges after 1 year

Interest Rate Options

  • Fixed interest rate for initial period
  • Floating interest rate linked to market rates
  • Option to switch between fixed and floating rates
  • Special rates for women borrowers

Additional Benefits

  • Tax benefits under Section 24 and Section 80C
  • Balance transfer facility available
  • Top-up loan options for existing customers
  • Insurance coverage options

Interest Calculator

Calculate your monthly EMI and total interest payable

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Frequently Asked Questions

Common questions about our home loan products

What is the maximum loan amount I can get?

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The maximum loan amount depends on your income, property value, and credit profile. For new homes, you can get up to 90% of the property value, while for resale properties, it's up to 85%.

What documents are required for loan application?

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Required documents include identity proof (PAN, Aadhaar), address proof, income documents (salary slips, bank statements), property documents, and photographs. Please refer to our Application Guide for detailed document list.

Can I prepay my home loan?

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Yes, you can prepay your home loan partially or fully. No prepayment charges are applicable after the first year of loan disbursement.

What is the processing time for loan approval?

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For eligible applicants with complete documentation, we typically process and approve loans within 48 hours. The actual disbursement time depends on property verification and legal formalities.

Are there any tax benefits on home loans?

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Yes, home loan borrowers can avail tax benefits under Section 24 (interest deduction up to ₹2 lakh) and Section 80C (principal repayment deduction up to ₹1.5 lakh) of the Income Tax Act.

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