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| Home Loan Feature | Details |
|---|---|
| Interest Rate | 7.35% p.a. onwards, as of October 2026 |
| Loan Amount | Up to ₹10 Crore |
| Tenure | Up to 30 years |
| Processing Fee | 1% - 2% of loan amount |
| Approval Time | Usually 1 - 2 weeks, depending on the profile of the applicant and the property |
| Lenders | 30+ banks and HFCs |
| LTV Ratio | Up to 90% of property value (for loans up to ₹30 lakh) |
Last Updated: 15th Oct 2026
Taking a home loan is probably the biggest financial commitment made by a household in India. A small difference in the interest rate can increase your cost of the home significantly over the loan period. We, at Paisabazaar Marketplace, have successfully assisted our home loan customers in choosing the most affordable home loan offer to build or buy their dream home.
At Paisabazaar Marketplace, lenders offer competitive home loan interest rates to applicants based on their credit profile. These rates can be floating-type, fixed or hybrid (a combination of fixed and floating-type rates).
Floating-type rates are linked to an external benchmark, usually the RBI repo rate, and when the repo rate changes, these floating-type interest rates may change, impacting the EMI or tenure. The table below shows starting rates from Paisabazaar's lending partners.
| Lender | Interest Rate (p.a.) | Max Tenure | Processing Fee |
|---|---|---|---|
| SBI Bank Home Loan | 7.25% – 8.55% | 30 yrs | Up to ₹18,214 |
| Canara Bank Home Loan | 7.40% onwards | 30 yrs | Up to ₹20,000 |
| Federal Bank Home Loan | 7.40% onwards | 30 yrs | Nil |
| HDFC Bank Home Loan | 7.45% onwards | 30 yrs | Up to ₹10,000 |
| Bajaj Home Loan | 7.45% onwards | 32 yrs | Up to 0.4% |
| PNB Home Loan | 7.45% onwards | 30 yrs | Up to ₹20,000 |
| Axis Bank Home Loan | 7.55% onwards | 30 yrs | Up to ₹14,000 |
| L&T Finance Home Loan | 7.80% onwards | 30 yrs | Up to ₹10,000 |
| ICICI Bank Home Loan | 7.70% onwards | 30 yrs | Up to ₹10,000 |
| LIC Home Loan | 7.15% onwards | 30 yrs | Up to ₹50,000 |
Rates as on 15th Oct 2026.
You can apply for a home loan online through Paisabazaar in as little as 5 minutes:
Get a Home Loan For
Your Dream Home
Most borrowers find the stage between home loan sanction and disbursal the toughest part of a home loan journey as it involves property papers, valuation and agreements. Home loan experts at Paisabazaar guide you through this period for a hassle-free credit experience.
| Borrowing Stage | What your Paisabazaar advisor does |
|---|---|
| Documentation | Provides a personalised checklist, arranges pickup where available and reviews documents for gaps |
| Login & processing | Files application with the lender on your behalf and tracks its status |
| Additional requirements | Coordinates with the lender, such as an employment or ITR query, for smooth approval |
| Loan Sanction | Explains the sanction letter: rate, reset clause, fees, terms and conditions |
| Legal & technical check | Follows up on property valuation and title verification |
| Agreement & disbursal | Assists with the loan agreement and disbursal paperwork, and coordinates the payment to the builder or seller |
The support provided by Paisabazaar’s home loan experts results in fewer missed documents or branch visits for a faster and smoother loan disbursal.
| Parameter | Salaried | Self-employed |
|---|---|---|
| Age | 21-65 years at loan maturity | 21-70 years at loan maturity |
| Minimum income | ₹15,000 - ₹25,000 per month (varies by lender and city) | Stable business income with 2 - 3 years of ITR |
| Work experience | 2+ years total | 3+ years in the current business |
| Credit score | 760+ preferred; some lenders accept 650+ | 760+ preferred |
| FOIR (total EMIs ÷ income) | Usually up to 55–65% | Usually up to 50–60% |
Lenders typically consider two factors while deciding on the loan amount against your salary - first, you can be eligible for 50 to 60 times your net monthly salary and second, your total EMIs should be within 50–60% of your net monthly income.
The lower amount among the two scenarios is usually considered as the loan amount. The exact consideration varies from one lender to another where banks are mostly stricter and HFCs can be lenient in approving a higher amount.
Also Check: How much home loan you get on your salary
Applicants have to furnish the following documents for home loan approval:
For all applicants
Salaried applicants
Self-employed applicants
Property documents
Your Monthly EMI Payment
₹0
A home loan EMI calculator enables you to understand the EMI, interest and total loan cost that would be incurred against entered details. You can use various combinations to arrive at an optimum loan amount and tenure that would cost less without impacting your cash flow and other life goals.
EMI formula: EMI = P × r × (1 + r)ⁿ ÷ [(1 + r)ⁿ – 1], where P = principal, r = monthly interest rate (annual rate ÷ 12 ÷ 100) and n = tenure in months.
| Loan amount | EMI – 15 yrs | EMI – 20 yrs | EMI – 30 yrs |
|---|---|---|---|
| ₹20 lakh | ₹18,540 | ₹16,112 | ₹13,984 |
| ₹30 lakh | ₹27,811 | ₹24,168 | ₹20,976 |
| ₹50 lakh | ₹46,351 | ₹40,280 | ₹34,961 |
| ₹75 lakh | ₹69,527 | ₹60,419 | ₹52,441 |
Calculated at 7.50% p.a.
| Charge | Typical range |
|---|---|
| Processing fee | Nil to 1% of the loan amount (some HFCs charge up to 3%) |
| Legal & technical fee | ₹3,000–₹10,000 |
| Prepayment / foreclosure (floating rate, individual) | Nil, as per RBI rules |
| Late EMI payment | 2% per month on the overdue amount (varies by lender) |
| Stamp duty on the loan agreement | As per state law |
| Paisabazaar service fee | ₹0 |
Also Check: Home Loan Fees & Charges for all banks & HFCs
| Features | Paisabazaar | Directly with a Lender |
|---|---|---|
| Lenders compared | 30+ banks & HFCs | 1 |
| Eligibility check | Free, across all partners | One lender only |
| Rate negotiation leverage | You see competing offers | Limited |
| Paperwork support | Dedicated advisor until disbursal | Branch-dependent |
| Branch visits | Minimal | Multiple |
| Cost to you | ₹0 service fee | Depends on the lender |
No single lender extends best home loan offers to all borrowers. Loan offers vary from one lender to another for every applicant. The best home loan for you depends on your profile:
Comparing offers from multiple lenders on Paisabazaar Marketplace helps applicants figure out the best loan offer based on their repayment capacity and credit standings.
Also Read in detailed: Home Loan Tax Benefits
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A home loan is a secured loan from a bank or HFC to buy, build or renovate a residential property. The property stays mortgaged to the lender until you repay the loan in monthly EMIs over up to 30 years.
On Paisabazaar Marketplace, enter your income and loan details, check your eligibility for free, compare offers from 30+ lenders and apply to the one you choose. A Paisabazaar advisor then helps with documents and follow-ups until disbursal.
It depends on your profile. Public sector banks such as SBI, Canara Bank and PNB usually offer the lowest rates to borrowers with scores of 750+. Private banks process loans faster. HFCs are more flexible with self-employed applicants. Compare offers to find the lowest rate for your profile.
Most lenders prefer a CIBIL score of 750 or more for the best rates. Some HFCs approve applicants with scores from 650 to 700, usually at a higher interest rate.
RBI caps the loan-to-value ratio at 90% for loans up to ₹30 lakh, 80% for ₹30–75 lakh and 75% above ₹75 lakh. You pay the rest (10–25%) as a down payment, plus stamp duty and registration charges.
No, banks and HFCs cannot fund 100% of the property value because of RBI's LTV limits. The maximum LTV ratio allowed is 90%, and only for loans up to ₹30 lakh.
In-principle approval can come in as little as 24–48 hours. Sanction may usually takes 3–7 working days after you submit complete documents, and disbursal follows the property's legal and technical verification.
Life or loan-protection insurance is not mandatory under RBI and IRDAI rules, although lenders may recommend it. Some lenders do require property insurance against fire and other risks.
Pre-EMI is the interest-only payment you make on the disbursed amount of an under-construction property until the final disbursal. After that, your full EMIs (principal + interest) begin.
No, checking eligibility and comparing offers on Paisabazaar is a soft enquiry and does not affect your credit score. A hard enquiry happens only when a lender processes your formal application.
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