Interest Rates for Loan Amount of Up to Rs 15 Lakh
Banks and HFCs set their home loan interest rates based on the loan amount, LTV ratio, credit score, employment profile and type of loan offered to the applicants. The lowest interest rates usually start from 7.35% p.a. onwards. Below-mentioned are the interest rates offered by home loan lenders for loan amount of up to Rs 15 lakh.
| Lenders | Interest Rates (p.a.) |
| State Bank of India | 7.50%-8.95% |
| Punjab National Bank | 7.50%-9.35% |
| HDFC Bank Limited | 7.90% onwards |
| Bajaj Housing Finance | 7.49% onwards |
| ICICI Bank | 7.70%-9.55% |
| Axis Bank | 8.35%-11.90% |
| Federal Bank | 8.75% onwards |
| Kotak Mahindra Bank | 7.99% onwards |
| IDFC FIRST Bank | 8.85% onwards |
| Canara Bank | 7.50%-10.25% |
| IDBI Bank | 7.65% onwards |
| RBL Bank | 8.20%-14.35% |
| Tata Capital Housing Finance | 7.75% onwards |
| Sammaan Capital (formerly known as Indiabulls Housing Finance) | 8.75% onwards |
| India Shelter Home Loan | 10%-24% |
| L&T Finance Limited | 8.65% onwards |
| Godrej Housing Finance | 8.55% onwards |
| Home First Finance | 8.00%-17.50% |
| Easy Home Finance | 8.99%-18.00% |
| Piramal Capital Housing Finance | 9.50% onwards |
Rates as of 5th Nov 2025
Eligibility Criteria of Applicants Availing Home Loan of Up to Rs 15 Lakh
Lenders usually set their home loan eligibility criteria based on the age, employment profile, employer’s profile, monthly income, credit score, etc. of its home loan applicants. Individuals planning to avail home loan of up to Rs 15 lakh should meet the following eligibility criteria.
Age
The minimum age of the applicant at the time of loan application should be 21 years whereas the maximum age at the time of loan maturity should be 70 years.
Job Profile
Salaried individuals, self-employed professionals and self-employed non-professionals can avail home loans irrespective of the loan amount.
Minimum Monthly Income
Individuals having a minimum monthly income of Rs 30,000 are eligible for home loans of up to Rs 15 lakh.
Credit Score
Applicants having a credit score of 700 and above usually have higher chances of availing home loans of any loan amount at a lower interest rates.
Documents Required
The common documents required during the application of home loan of up to Rs 15 lakhc include the following:
- Application form with passport size photographs
- ID Proof- Aadhaar card, Voter ID, PAN Card, Passport, Driving License
- Residence Proof- Utility bills (Electricity bill, Telephone bill), Voter ID, Passport, Aadhaar card, PAN card
- Salary slips for last 3 months
- ITR and Form 16 for last 1 year
- Property documents
EMI for Rs 15 lakh Home Loan for Various Interest Rates and Tenure
Prospective home loan borrowers can check their EMIs and total interest cost online using Home Loan EMI Calculator. Below-mentioned is the EMI of home loan for different interest rates and tenure.
| Loan Amount (Rs) | Interest rate (p.a.) | Loan Tenure (years) | EMI (Rs) |
| 15 lakh | 7.35% | 30 | 10,335 |
| 15 lakh | 7.25% | 20 | 11,856 |
| 15 lakh | 7.50% | 15 | 13,905 |
| 15 lakh | 7.99% | 25 | 11,567 |
How to Apply for Home Loan of Up to Rs 15 lakh through Paisabazaar
Prospective home loan applicants can apply for home loan of up to Rs 15 lakh through Paisabazaar app as well as its official website. Below-mentioned is the step-by-step process of applying for home loan through Paisabazaar.
Through the Official Website of Paisabazaar:
- Visit the official website of Paisabazaar
- Click on home loans and enter your contact details
- Fill in the required details
- Select your bank aggregator
- View curated home loan offers from partner lenders as per your requirements
Through the Paisabazaar App:
- Download the Paisabazaar app and sign in to your account
- Click on home loans and fill in the required details
- Select your bank aggregator
- View curated home loan offers from partner lenders as per the requirements filled in by you
- Apply for the one best suiting your requirements