Calculate your EMI, check eligibility, and estimate stamp duty & registration costs before you apply.
🧮 Home Loan EMI Calculator
✅ Loan Eligibility Calculator
🏛️ Stamp Duty & Registration Calculator
Stamp duty varies by state (3–8% of property value) and is often the forgotten cost in home buying. Calculate it here.
* Rates are approximate. Female buyer concession applicable in Maharashtra, Delhi, UP & some states. Always verify with your local sub-registrar office.
Compare rates, processing fees, and key features from top banks and HFCs. All rates are for salaried applicants with 750+ CIBIL score. Updated April 2025.
| Bank / HFC | Interest Rate (p.a.) | Max Loan | Max Tenure | Processing Fee | Type | Highlight | |
|---|---|---|---|---|---|---|---|
State Bank of IndiaIndia's largest lender |
8.50% – 10.05%Floating (EBLR linked) | ₹5 Crore | 30 Years | 0% – 0.35% | 🏛️ Govt. Bank | 💰 Lowest Rate | |
HDFC Ltd.Largest HFC in India |
8.70% – 9.65%Floating (RPLR linked) | ₹10 Crore | 30 Years | Up to 0.50% | 🏠 HFC | ⭐ Most Trusted | |
ICICI BankInstant digital approval |
8.75% – 9.80%Floating (EBLR linked) | ₹5 Crore | 30 Years | 0.50% + GST | 🏦 Private Bank | ⚡ Digital Fast | |
Punjab National BankPNB Housing Finance |
8.60% – 10.20%Floating (RLLR linked) | ₹3 Crore | 30 Years | 0.35% + GST | 🏛️ Govt. Bank | 🏡 Affordable | |
Axis BankBalance transfer specialist |
8.75% – 9.65%Floating (EBLR linked) | ₹5 Crore | 30 Years | Up to 1% | 🏦 Private Bank | 🔄 Balance Transfer | |
LIC Housing FinancePSU backed HFC |
8.75% – 10.35%Floating (PLR linked) | ₹15 Crore | 30 Years | Up to 0.25% | 🏠 HFC | 💰 Low Fees | |
Kotak Mahindra BankNRI-friendly |
8.80% – 9.50%Floating (EBLR linked) | ₹10 Crore | 25 Years | 0.5% + GST | 🏦 Private Bank | 🌍 NRI Loans | |
Bank of BarodaBaroda Home Loan |
8.65% – 10.40%Floating (EBLR linked) | ₹5 Crore | 30 Years | 0.25–0.50% | 🏛️ Govt. Bank | 🏡 Govt. Schemes |
* Rates are for salaried applicants with 750+ CIBIL score. Final rates depend on individual profile, loan amount & LTV. View all 50+ lenders →
RBI mandates maximum LTV (Loan-to-Value) ratios for home loans. Higher LTV = less down payment needed but more loan amount.
Loans up to ₹30 Lakh
Loans ₹30L – ₹75L
Loans above ₹75 Lakh
From eligibility check to property registration — here's the complete journey.
Check Eligibility
Use our calculator above to know your max eligible loan amount
Compare & Select Lender
Compare rates, tenure, and features from 50+ lenders
Submit Application
Apply online with income & property documents
Property Verification
Bank conducts legal and technical evaluation of property
Disbursal
Loan disbursed to builder/seller on registration
Home loans offer the most generous tax deductions in the Indian Income Tax Act. Here's a complete breakdown.
Floating vs Fixed Rate
Floating rates (linked to EBLR/RPLR) are currently cheaper. Fixed rates offer certainty but are 0.5–1% higher.
Rate Reset Frequency
EBLR-linked loans reset every quarter, MCLR-linked every 6–12 months. Faster reset = quicker rate benefit from RBI cuts.
Under-Construction Loans
Pre-EMI or full EMI option. With pre-EMI, you pay only interest during construction — lower initial outflow.
Balance Transfer Option
If current rate is high, transfer to a bank offering 0.5%+ lower rate. Save lakhs over remaining tenure.
Top-Up Loan Facility
Get additional loan on existing home loan for renovation or other needs — at home loan rates (lower than personal loan).
NRI Home Loan
NRIs can apply through NRE/NRO accounts. EMI paid from NRE account gives exchange rate benefit on repayment.
👔 Salaried Employees
💼 Self-Employed / Business
What is a Home Loan and How Does It Work?
A home loan (also called a housing loan or mortgage) is a secured loan taken from a bank or HFC to purchase, construct, or renovate a residential property. The property itself acts as collateral. Unlike personal loans, home loans come with lower interest rates, longer repayment periods (up to 30 years), and significant tax benefits.
The lender disburses the loan amount either to the builder (for under-construction properties) or directly to the seller (for resale homes). You repay via Equated Monthly Instalments (EMI) — a fixed monthly amount comprising both principal and interest.
Floating Rate vs. Fixed Rate Home Loan — Which is Better in 2025?
With the RBI expected to cut rates further in 2025, floating rate loans are strongly recommended right now. When the repo rate falls, EBLR-linked home loan rates automatically reduce, lowering your EMI or reducing tenure.
EBLR vs MCLR vs RPLR — Understanding Home Loan Benchmark Rates
Since October 2019, all new floating rate home loans from banks are linked to External Benchmark Lending Rate (EBLR) — typically the RBI repo rate + a spread. HFCs (like HDFC Ltd, LIC HFL) use their own Prime Lending Rates (RPLR/PLR). Key difference: EBLR-linked rates reset every quarter; MCLR resets every 6–12 months.
EBLR = Repo Rate (6.25%) + Credit Risk Premium + Operational Cost. When RBI cuts repo by 0.25%, your EBLR-linked rate falls by 0.25% automatically at the next reset date.
Home Loan Balance Transfer — When Does It Make Sense?
A balance transfer makes financial sense when the rate difference is at least 0.5% and you have at least 10+ years of remaining tenure. Consider these costs before transferring: processing fee on new loan (0.25–0.50%), legal charges (₹5,000–₹15,000), and stamp duty on new loan agreement in some states.
PMAY — Pradhan Mantri Awas Yojana Subsidy 2025
Under the new PMAY 2.0 scheme, eligible urban households can receive a credit-linked subsidy of ₹1.8 lakh to ₹2.67 lakh on home loan interest. Eligibility is based on annual income (EWS: up to ₹3L, LIG: ₹3–6L, MIG-I: ₹6–12L, MIG-II: ₹12–18L). The subsidy is credited upfront to the loan account, reducing your outstanding principal and EMI.
Under-Construction vs. Resale Property Loans
- Under-Construction: Loan disbursed in tranches as construction progresses. You can choose Pre-EMI (interest only) or full EMI from day one. Tax benefits on interest only after possession.
- Resale Property: Full loan disbursed at once. EMI starts immediately. Title verification and legal due diligence is critical — always hire a property lawyer.
- Self-Construction: Loan disbursed in stages against construction milestones. Must complete within 3 years to claim full 24(b) tax benefits.
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