Home Loan Starting from 7.10% - 50+ Banks & NBFCs
Fulfil your dream of owning a home with our affordable housing loans starting at just 7.10% interest rate. We offer home loan options from 50+ banks and NBFCs, with loan amounts up to ₹100 crores and tenures ranging from 5 to 30 years. Enjoy low EMIs, a quick application process, doorstep service, and competitive home loan interest rates. Use our Home Loan Eligibility Calculator to find the best home loan rate of interest for you today!
Home Loan
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Types of Home Loan Available in India
There are various home loan products that you can choose from based on your requirements:
| Type of Loan | Details |
|---|---|
| Purchase of apartment | Get a home loan for a residential apartment complex that is under construction or ready to move in. |
| Purchase of bungalow/independent house | Loan to purchase a ready or under-construction bungalow or independent house. |
| Purchase of land/plot | Buy a vacant plot for construction. Some banks require construction within one year. |
| Home renovation | For improvement or renovation of an existing home or apartment. |
| Construction of house | Loan for new home construction with approved building plan. |
| Balance transfer | Transfer an existing home loan to another bank or NBFC with better rates and terms. |
Features & Benefits of Home Loan
- Capital appreciation
- Sense of accomplishment
- Tax benefits on interest and principal components
- Zero prepayment charges
- Top-up and balance transfer facility
- Long repayment tenure up to 30 years
- High loan amount up to ₹5 Crores (or more)
- Applicable for purchase, construction, or renovation
- Repayment holiday facility
- Available as term loan and overdraft
- Fixed, floating, and hybrid interest rates
Best Home Loan Providers in India 2026
| Top Banks | Home Loan Interest Rate (per annum) | Maximum Tenure |
|---|---|---|
| HDFC Bank | 7.20% – 8.65% | 30 years |
| Punjab National Bank | 7.20% - 7.50% | 30 years |
| Kotak Mahindra Bank | 7.65% - 7.99% | 30 years |
| Bajaj Finserv | 7.30% – 8.10% | 30 years |
| Satte Bank of India | 7.25% – 9.20% | 30 years |
| ICICI Bank | 7.30% - 8.65% | 30 years |
| Bank of Baroda | 7.20% - 8.65% | 30 years |
| Shriram Housing Finance | 11.00% - 13.00% | 30 years |
| L&T Housing Finance | 8.10% – 8.90% | 30 years |
| Axis Bank | 7.25% – 7.70% | 30 years |
| IDFC Bank | 8.10% – 8.90% | 30 years |
| ICICI Home Finance | 8.10% – 8.90% | 30 years |
| Bank Of India | 7.10% – 7.80% | 30 years |
| Bank of Maharastra | 7.10% – 7.80% | 30 years |
| Central Bank Of India | 7.15% – 7.25% | 30 years |
| PNB Housing Finance Ltd | 8.00% – 10.00% | 30 years |
| UCO Bank | 7.15% – 7.85% | 30 years |
| Union Bank | 7.15% – 8.60% | 30 years |
| LIC Housing Finance Ltd | 7.15% – 8.25% | 30 years |
| IDBI Bank Ltd | 7.70% – 11.75% | 30 years |
| Indiabulls Housing Fin. Ltd. | 8.40% – 9.00% | 30 years |
| Indusind Bank (Prime) | 8.35% – 9.45% | 30 years |
| Indian Overseas Bank | 7.10% – 7.85% | 30 years |
What is the Home Loan Application Procedure?
- Visit the Shahcommunication official website.
- Choose your gender and city of residence.
- Select the loan purpose (purchase, construction, extension, etc.).
- Enter property value, employment type, and annual income.
- Provide personal and contact details, then verify via OTP.
- Choose your preferred lender and submit documents.
- Lender verifies documents, property, and conducts personal discussion.
- Loan offer letter is issued; sign and complete documentation.
After verification and sanction, you’ll receive a formal loan offer letter with conditions. Once accepted, loan documents are executed with assistance from Our experts.
Eligibility Criteria for Home Loan
| Age Limit | Minimum 21 years, Maximum 70 years at loan maturity |
| Employment Type | Salaried individuals, self-employed professionals/non-professionals, business owners and Pensioners |
| Income | Stable income with repayment capacity as per bank norms |
| Work Experience / Business Continuity | Minimum 2 years for salaried, 3 years for self-employed |
| Credit Score | Preferably 700 and above |
| Nationality | Resident Indian, NRI, NRO |
*Eligibility criteria vary depending on lender and applicant profile.
Documents Required for Home Loan
- Proof of Identity: PAN Card, Aadhaar Card, Voter ID, Passport, or Driving Licence
- Proof of Address: Aadhaar Card, Utility Bills, Passport, or Rent Agreement
- Income Proof:
- For Salaried: Salary Slips (last 6 months), Form 16, Bank Statements (12 months)
- For Self-employed: Business Proof, ITR (last 2-3 years), Balance Sheet and P&L Account
- Property Documents: Sale Agreement, Title Deed, Property Tax Receipts, Approved Building Plan
- Photographs: Recent passport-size photos of the applicant and co-applicant
- Other Documents: Bussiness Group(Udhyam or GST),Partnership Deed, MOA & AOA (for firms/companies), or Power of Attorney (if applicable)
Tips & Advice for Home Loan Applicants
- Check your credit score before applying; aim for 700 or higher.
- Compare interest rates and processing fees across banks/NBFCs.
- Choose a shorter tenure if possible to reduce total interest outgo.
- Maintain a clean financial history and avoid recent loan defaults.
- Ensure all property documents are clear and legally verified.
- Negotiate processing fees and other charges where possible.
- Opt for balance transfer if your existing loan has a higher rate.
- Use EMI calculators to plan your monthly outflow smartly.
Why Apply for a Home Loan
- Ownership Benefits: Buying a home creates a long-term asset and financial security.
- Tax Benefits: Deductions on both principal (Section 80C) and interest (Section 24b) components.
- Affordable EMIs: Longer tenure options make repayment easy and stress-free.
- Property Appreciation: Real estate values tend to increase over time, offering good returns.
- Balance Transfer Facility: Move your loan to another lender offering a lower interest rate.
- Flexible Repayment: Choose between fixed or floating interest rates as per your needs.
- Improves Credit Score: Timely repayment helps build a strong credit profile.
Factors to Consider Before Applying for a Home Loan
- Interest Rate Type: Choose between fixed or floating rate depending on your risk preference.
- Loan Tenure: Shorter tenure reduces total interest but increases EMIs.
- Processing Fees & Charges: Compare across lenders to avoid hidden costs.
- Down Payment: Larger down payments reduce loan burden and interest cost.
- Prepayment Options: Check if the lender allows early repayment without penalties.
- Property Verification: Ensure property documents are clear and legally valid.
- Insurance Cover: Opt for home loan insurance for protection in case of unforeseen events.
Different Home Loan EMI Options
- Step-Up EMI: Lower EMIs initially that increase as your income grows.
- Step-Down EMI: Higher EMIs initially that gradually decrease over time.
- Flexible EMI: Allows adjusting EMIs as per your cash flow and income changes.
- Tranche-Based EMI: Suitable for under-construction properties; pay interest only on disbursed amount.
- Balloon EMI: Smaller EMIs during tenure with a large lump-sum payment at the end.
- Accelerated EMI: Lets you increase EMI periodically to close the loan faster.
*Choosing the right EMI plan helps balance affordability and faster loan repayment.
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