Home Loan in India — Compare Rates, Check Eligibility & Calculate EMI
Buy, build or transfer your home loan smartly. Compare interest rates across leading banks and housing finance companies, check eligibility by salary, calculate your EMI, tax savings, balance-transfer savings and stamp duty — with personal guidance from Binod Kumar Shukla. We connect you to the right lender; approval and rate are decided by the lender.
📞 Free Home Loan Consultation & Callback
Share your details and Binod Kumar Shukla will help you find suitable lender options and the best rate for your profile. No charge — we're a referral partner; the lender decides approval & rate.
eMutualFunds (Binod Kumar Shukla) is a loan referral partner / DSA, not a lender. We do not guarantee loan approval, amount or interest rate — these are decided by the bank/HFC as per their policy and RBI guidelines. Your details are used only to assist your loan enquiry.
What Is a Home Loan?
A home loan is a secured loan to buy, build, extend or renovate a house, where the property itself acts as security. Because it's backed by the property, interest rates are much lower than unsecured loans, and tenures are long — often up to 20–30 years — which keeps EMIs affordable.
Lenders typically fund a percentage of the property value (the loan-to-value or LTV ratio, commonly 75–90% depending on loan size), with you paying the rest as down payment. Beyond the low rate, a home loan offers valuable tax benefits on both principal and interest, making it one of the most efficient "good debts" for building an asset.
✓ Why a home loan works in your favour
- Low interest (secured against property)
- Long tenure — affordable EMIs
- Tax benefits on principal & interest
- Builds a real, appreciating asset
- Balance transfer option to cut rate later
- Top-up loan facility against equity
Home Loan Calculators
EMI Calculator
Estimate your monthly home-loan EMI. Indicative only.
Eligibility Calculator
Rough loan eligibility based on income, EMIs and tenure. Indicative only.
Based on total EMIs staying within ~50% of net income (FOIR). Lenders' actual FOIR, LTV and policy decide the final figure.
Tax Saving Calculator
Indicative annual deduction on principal & interest. Verify limits with a CA.
*Illustrative: interest up to ₹2,00,000 (Sec 24b) + principal up to ₹1,50,000 (Sec 80C) considered, capped at actuals. Limits/conditions per Income Tax Act — consult a CA.
Balance Transfer Savings
See how much you could save by switching to a lower rate. Indicative only.
Before switching, factor in processing/legal fees of the new loan. Transfer benefits are highest earlier in the tenure.
Stamp Duty & Registration
Indicative one-time property charges. Actual rates vary by state & are set by the government.
Rates differ by state and sometimes by buyer gender/category. Many states offer concessions for women buyers. Set your state's actual rate above.
Home Loan Interest Rate Comparison
Home loan rates are linked to external benchmarks (like the repo rate) and revise periodically. The lenders below are leading home-loan providers; we share current, applicable rates for your profile during your enquiry rather than publishing figures that go stale.
| Lender | Indicative Rate* | Max Tenure | Known For |
|---|---|---|---|
| SBI | Repo-linked, subject to profile | Up to 30 yrs | PSU trust, competitive rates |
| HDFC Bank | Repo-linked, subject to profile | Up to 30 yrs | Large home-loan book, fast service |
| ICICI Bank | Repo-linked, subject to profile | Up to 30 yrs | Digital journey |
| Axis Bank | Repo-linked, subject to profile | Up to 30 yrs | Flexible products |
| Kotak / IDFC FIRST | Repo-linked, subject to profile | Up to 30 yrs | Competitive private options |
| PNB / BoB / LIC Housing | Subject to profile | Up to 30 yrs | PSU & HFC reach |
*Rates are external-benchmark (repo) linked, vary by credit score, loan amount, LTV and applicant profile, and change frequently. Always confirm the current rate in the lender's sanction letter.
Bank vs Bank — How to Compare
SBI vs HDFC Home Loan
| Aspect | SBI | HDFC Bank |
|---|---|---|
| Type | Public-sector bank | Private bank |
| Rate basis | Repo-linked (EBLR) | Repo-linked |
| Strength | PSU trust, wide reach | Fast processing, service |
| Best for | Rate-sensitive borrowers | Quick, smooth experience |
ICICI vs Axis Home Loan
| Aspect | ICICI Bank | Axis Bank |
|---|---|---|
| Type | Private bank | Private bank |
| Rate basis | Repo-linked | Repo-linked |
| Strength | Strong digital journey | Flexible products & offers |
| Best for | Digital-first borrowers | Tailored eligibility cases |
Home Loan Eligibility by Salary
"How much home loan can I get on my salary?" — a top question. These are rough, indicative ranges assuming minimal existing EMIs and a long tenure. Actual eligibility depends on obligations, credit score, age, co-applicant and the property's LTV.
| Net Monthly Salary | Indicative Loan Eligibility (approx) |
|---|---|
| ₹25,000 | ₹15 – 22 Lakh |
| ₹35,000 | ₹22 – 32 Lakh |
| ₹50,000 | ₹32 – 48 Lakh |
| ₹75,000 | ₹50 – 72 Lakh |
| ₹1,00,000 | ₹65 Lakh – 1 Cr |
| ₹1,50,000+ | ₹1 Cr+ |
Best Home Loan for Salaried & Self-Employed
For Salaried Employees
Generally the smoothest profile — stable income means competitive rates and quick approval, especially for government, PSU and reputed-company employees.
- Salary slips + bank statements
- Often pre-approved offers
- Best rates for strong credit scores
For Self-Employed
Very much possible — assessed on business income, ITR and financials. Some lenders/HFCs specialise in self-employed and non-standard income profiles.
- ITR (2–3 yrs) + financials
- Business proof + bank statements
- HFCs may be more flexible
Home Loan Tax Benefits
A home loan is one of the most tax-efficient loans — you may claim deductions on both the principal you repay and the interest you pay, under different sections of the Income Tax Act.
| Section | What it covers | Nature |
|---|---|---|
| Section 80C | Principal repayment (within overall 80C limit) | Deduction up to the prescribed limit |
| Section 24(b) | Interest on home loan (self-occupied) | Deduction up to the prescribed limit |
| Section 80EE / 80EEA | Additional interest for eligible first-time buyers | Extra deduction, subject to conditions |
| Stamp duty & registration | May qualify under 80C in the year paid | Within overall 80C limit |
💡 Joint loan = double benefit
If you take a joint home loan with a co-owner (e.g. spouse) who is also a co-borrower, each can claim deductions separately on their share, effectively increasing the family's total tax benefit — subject to ownership, repayment share and the prevailing limits.
Home Loan Balance Transfer
A balance transfer moves your outstanding home loan to a new lender at a lower interest rate — cutting your EMI or tenure and saving lakhs over the remaining term. It's one of the easiest ways to reduce loan cost without changing your home.
When a balance transfer makes sense
- Your current rate is meaningfully higher than what's available now
- You're in the early-to-mid part of your tenure (more interest left to save)
- The rate saving clearly outweighs switching costs (processing/legal fees)
- You also want a top-up loan on the transferred balance
💡 Run the numbers first
Even a 0.5–1% rate reduction on a large, long-tenure loan can save a significant amount. Use the Balance Transfer Savings calculator above to compare your current EMI vs the new EMI and total saving — then subtract the new lender's fees to see the real benefit.
Charges & Fees
| Charge | What it is |
|---|---|
| Processing Fee | One-time fee to process the loan (a % of amount, often capped) + GST |
| Legal & Technical / Valuation | Property title check & valuation charges |
| Stamp Duty & Registration | Government charges on the property (state-specific) |
| Prepayment / Foreclosure | For floating-rate home loans to individuals, usually nil per RBI norms; may apply for fixed-rate |
| Conversion / Switch Fee | To move to a lower rate within the same lender |
| Penal / Late Payment | On delayed EMIs |
Documents Checklist
🧑💼 Salaried
- PAN & Aadhaar (KYC)
- Latest salary slips (3 months)
- Bank statements (6 months)
- Form 16 / ITR
- Employee ID / appointment proof
🧑🔧 Self-Employed
- PAN & Aadhaar (KYC)
- ITR (2–3 years)
- Audited financials / P&L
- Bank statements (6–12 months)
- Business proof / GST
🏠 Property Documents
- Sale agreement / allotment letter
- Title documents / chain of ownership
- Approved building plan
- NOC from builder/society (if applicable)
- Latest tax receipts
Home Loan Process
Application & eligibility
Share income & property details; we help shortlist lenders and check eligibility.
Documentation & login
Submit KYC, income and property documents; the file is logged with the lender.
Credit appraisal & sanction
The lender verifies income/credit and issues a sanction letter with the offer.
Legal & technical (property)
The lender checks property title and valuation.
Agreement & disbursement
On signing, the loan is disbursed (in full or in stages for under-construction).
Timelines depend on the lender, your profile, property documents and verification.
Home Loan Across Delhi NCR & Beyond
We assist home-loan applicants across Delhi NCR and other cities, coordinating with banks and HFCs that fund your project/locality.
Home Loan in Ghaziabad
Apartments, builder floors & plots across Ghaziabad — local property & approval guidance.
Home Loan in Noida
Noida & Greater Noida projects — authority/CLU and builder-NOC aware guidance.
Home Loan in Delhi NCR
Delhi, Gurgaon, Faridabad — wide lender coverage and in-person support.
Other Cities
Pan-India coordination with online process support.
Frequently Asked Questions
How much home loan can I get on my salary?
What is LTV (loan-to-value)?
Does adding a co-applicant help?
Are home loan rates fixed or floating?
How is home loan EMI calculated?
Longer tenure or shorter — which is better?
What tax benefits does a home loan give?
When should I do a balance transfer?
Is there a prepayment penalty?
What is stamp duty and registration?
How long does approval take?
Do you guarantee approval?
Why Apply Through Us
Multiple Lender Options
We compare banks and HFCs together, so you see suitable options and the best rate for your profile.
Apply Smartly
We match your profile and property to lenders likely to approve — protecting your credit score from wasted enquiries.
Balance Transfer Help
We check whether switching genuinely saves you money after fees, and coordinate the move.
Documentation & Property
Tailored checklist plus guidance on property papers, NOCs and approvals.
Transparent Guidance
Clear explanation of rate, fees and all-in cost — honest advice on what's right for you.
Delhi NCR & Pan-India
In-person in Delhi NCR, online support across India.
Responsible Lending & Disclosures
Guided by an Experienced Advisor
Get the Right Home Loan at the Best Rate
Free, no-obligation consultation. We compare lenders, check eligibility, run the numbers and help you apply smartly — approval and rate are decided by the lender.