- Interest rates usually start from 7.10% p.a. onwards for tenure of up to 30 years.
- Applicants need to pledge security while applying for home loan of Rs 40 lakh.
- Balance transfer and overdraft facility is available.
- Applicants can add a co-applicant to enhance their home loan eligibility.
- Lenders also offer pre-approved sanction of home loans to their select existing customers.
40 Lakh Home Loan
Banks and HFCs offer home loans of Rs 40 lakh for tenure of up to 30 years depending on the credit profile and repayment capacity of the applicants. Prospective borrowers can avail interest rates starting from 7.10% p.a. onwards on home loan of Rs 40 lakh. Home loan applicants can also check for home loan offers from various lenders on Paisabazaar.
Competitive Interest Rates
Starting 7.10% p.a.
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Offers from 25+ Banks & HFCs
Dedicated Customer Support
Expert Assistance at Every Step
Transfer Balance & Get a Top-Up Easily
Additional Funds when Required

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Check Home Loan Offers Online
4.5/5
15.5L Reviews
5cr+Satisfied Customers
65+Lending Partners
800+Cities across India
Paisabazaar Exclusive Benefits
Competitive Interest Rates
Starting 7.10% p.a.
Handpicked Home Loan Offers
Offers from 25+ Banks & HFCs
Dedicated Customer Support
Expert Assistance at Every Step
Transfer Balance & Get a Top-Up Easily
Additional Funds when Required

Home Loan EMI Calculator
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Find Best Home Loan Offers
HDFC Bank
Min Loan Amt. ₹15L
Rate of Interest7.2% - 13.2%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
ICICI Bank
Min Loan Amt. ₹15L
Rate of Interest7.65% - 9.80%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
Axis Bank
Min Loan Amt. ₹30L
Rate of Interest8.35% - 11.90%
Tenure uptoUpto 30 Years
Processing Fee₹ 14,000
Why Choose Paisabazaar?



Compare & Choose the Best Offer
Curated Offers from Multiple Lenders
Highest Loan Approval Chances
Easy & Transparent Borrowing Process
How Can I Apply for a Home Loan Online?
Get up to ₹5 Crore in 5 Simple Steps
Step 1: Enter your mobile number in the application form.
Step 2: Verify using the OTP sent to your mobile number.
Step 3: Enter details related to your loan requirements.
Step 4: Provide your personal and employment details.
Step 5: Compare offers and apply for the best-suited loan.
Features of Home Loan of Rs 40 Lakh
Interest Rates for Home Loan of Rs 40 Lakh
Home loan interest rates usually start from 7.10% p.a. onwards. Lenders usually set their home loan interest rates depending on the credit score, loan amount, job profile and loan type of the applicants. Below-mentioned are the interest rates offered to applicants availing loan amount of Rs 40 lakh from various lenders.
| Name of Lender | Interest Rates |
|---|---|
| Axis Bank | 8.35% p.a. |
| Bajaj Housing Finance | 7.15% p.a. |
| Bank of India | 7.10% p.a. |
| Canara Bank | 7.15% p.a. |
| Easy Home Finance | 8.99% p.a. |
| Federal Bank | 8.75% p.a. |
| Godrej Housing Finance | 7.75% p.a. |
| HDFC Bank | 7.20%* p.a. |
| HDFC Sales Pvt. Ltd. | 7.20%* p.a. |
| Home First Finance | 8.00% p.a. |
| ICICI Bank | 7.65% p.a. |
| IDBI Bank | 7.35% p.a. |
| IDFC FIRST Bank | 8.85% p.a. |
| India Shelter Home Loan | 8.43% p.a. |
| Jio Housing Finance | 8.20% p.a. |
| L&T Finance Limited | 7.65%* p.a. |
| Piramal Capital Housing Finance | 9.99% p.a. |
| PNB Housing Finance | 7.70%* p.a. |
| Punjab & Sind Bank | 7.30% p.a. |
| Punjab National Bank | 7.20% p.a. |
| RBL Bank | 8.20% p.a. |
| Sammaan Capital (Formerly known as Indiabulls Housing Finance) | 8.75% p.a. |
| Shubham Housing Finance | 10.45% p.a. |
| State Bank of India | 7.25% p.a. |
| Tata Capital Housing Finance | 7.75% p.a. |
*when applied through Paisabazaar
Rates as of 12th January 2026
Eligibility Criteria for Home Loans of up to Rs 40 Lakh
Individuals planning to avail home loan of Rs 40 lakh should meet the following eligibility criteria:
| Criteria | Details |
|---|---|
| Age | 21 years-70 years |
| Nationality | Resident Indians and NRIs |
| Minimum Monthly Income | Rs 30,000 |
| Employment Profile | Salaried/Self-employed Professionals/Self-employed Non-Professionals |
| Credit Score | 700 and above |
Documents Required for Home Loans of up to Rs 40 Lakh
Applicants need to provide the following home loan documents while applying for a loan amount of Rs 40 lakh. Note that the required documents might vary from lender to lender.
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EMI of Rs 40 Lakh Home Loan
EMI of Rs 40 Lakh Home Loan for Different Interest Rates
| Loan Amount (Rs) | Interest Rate (p.a.) | Tenure (years) | EMI (Rs) |
|---|---|---|---|
| Rs 40 lakh | 7.35% | 20 | 31,858 |
| Rs 40 lakh | 7.50% | 20 | 32,224 |
| Rs 40 lakh | 7.45% | 20 | 32,102 |
| Rs 40 lakh | 7.90% | 20 | 33,209 |
EMI of Rs 40 Lakh Home Loan for Different Loan Tenure
| Loan Amount (Rs) | Interest Rate (p.a.) | Tenure (years) | EMI (Rs) |
|---|---|---|---|
| Rs 40 lakh | 7.35% | 20 | 31,858 |
| Rs 40 lakh | 7.35% | 30 | 27,559 |
| Rs 40 lakh | 7.35% | 25 | 29,170 |
| Rs 40 lakh | 7.35% | 15 | 36,740 |
How to Apply for Home Loan of Rs 40 Lakh Through Paisabazaar
Prospective home loan borrowers can check for curated home loan offers from various partner lenders on Paisabazaar app or its official website in the following steps:
Through the Official Website of Paisabazaar:
Through the Paisabazaar App:
How Can I Apply for a Home Loan Online?
Get up to ₹5 Crore in 5 Simple Steps
Step 1: Enter your mobile number in the application form.
Step 2: Verify using the OTP sent to your mobile number.
Step 3: Enter details related to your loan requirements.
Step 4: Provide your personal and employment details.
Step 5: Compare offers and apply for the best-suited loan.
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