Home loan
The biggest loan most people ever take, and the one worth shopping hardest.
- Purchase, construction, extension and balance transfer
- Long tenures, so the instalment stays manageable
- PMAY subsidy eligibility checked where applicable
- Tax deduction on both principal and interest
Check your home loan offers
One form. We take it to the lenders most likely to approve it and bring back the offers.
On a home loan, a difference of half a percent in the rate is worth a very large sum over twenty years — larger than almost any other decision in the process. It is the one loan where spending a week comparing genuinely pays.
We compare banks and housing finance companies, check whether you qualify for a PMAY subsidy, and give you the total interest for each offer rather than only the monthly instalment.
What you get
- Purchase, construction, extension and balance transfer
- Long tenures, so the instalment stays manageable
- PMAY subsidy eligibility checked where applicable
- Tax deduction on both principal and interest
- Balance transfer if your existing loan is overpriced
Who is eligible
- Age typically 21 to 65 at loan maturity
- Regular documented income — salary, business or agricultural
- Clear, marketable title to the property
- Credit score generally above 700 for the best rates
Documents you will need
- Aadhaar, PAN and address proof
- Income proof — salary slips or 2 to 3 years of ITR
- Bank statements for the last 6 to 12 months
- Property papers — sale agreement, title deed, approved plan
Home Loan — common questions
Fixed or floating rate?
Floating is what almost everyone ends up on, and it is usually right — fixed rates in India are priced high enough that you pay a real premium for the certainty, and most fixed offers reset after a few years anyway. Ask what the floating rate is benchmarked to and how often it resets.
What costs are not in the advertised rate?
Processing fee, legal and technical valuation charges, stamp duty on the mortgage, and often a bundled insurance premium. Ask for every one of them as a rupee figure before you compare two offers.
Is a balance transfer worth it?
Only if the rate difference is meaningful and you still have a long way to go. The gain shrinks as the loan ages, because the early years are where the interest sits. Net the transfer costs off before deciding.
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