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40 Lakh Home Loan

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4.5/5

15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
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Competitive Interest Rates

Starting 7.10% p.a.

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Handpicked Home Loan Offers

Offers from 25+ Banks & HFCs

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Dedicated Customer Support

Expert Assistance at Every Step

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1L10Cr
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Your Monthly EMI Payment

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Interest Amount₹0
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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

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Why Choose Paisabazaar?
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Compare & Choose the Best Offer

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Curated Offers from Multiple Lenders

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Highest Loan Approval Chances

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Easy & Transparent Borrowing Process

Features of Home Loan of Rs 40 Lakh

  • 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.

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.

  • Duly filled application form
  • ID Proof- Aadhaar card, Voter ID, Passport, Driving License, PAN card
  • Address Proof- Electricity bills, Gas bills, Aadhaar card, Voter ID, Passport, Driving License, PAN card
  • Salary slips for last 3 months
  • Latest Form 16 and ITR
  • Property documents

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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:

  • Visit the official website of Paisabazaar and click on home loans
  • Enter your contact details
  • Fill in the required information
  • Select your bank aggregator and 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 information
  • Select your bank aggregator and view curated home loan offers from partner lenders as per the requirements filled in by the applicant

Explore Our Home Loan Lenders

HDFC BANKHDFC BANKAxis BankAxis BankKotak Mahindra BankKotak Mahindra BankICICI BankICICI BankFederal BankFederal BankIDFC First BankIDFC First BankIndusind BankIndusind BankRBL BankRBL BankSBI BankSBI Bank
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Your Dream Home

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FAQs

How can we calculate the EMI of Home Loan of Rs 40 lakh?

Home Loan EMI for loan amount of Rs 40 lakh can be calculated using the Home Loan EMI Calculator available online. All you need to do is enter the interest rate, loan amount and loan tenure and get the EMI and total interest cost.

What minimum credit score of required to avail a home loan of Rs 40 lakh?

A minimum credit score of 700 and above is usually considered ideal for home loan applicants to avail home loans at lower interest rates.

What will be the EMI if I avail a loan amount of Rs 40 lakh from SBI for a tenure of 20 years?

Since the SBI home loan interest rates start from 7.50% p.a. onwards, the EMI for loan amount of Rs 40 lakh for a tenure of 20 years will be Rs 32,224.

Who is eligible for home loans of Rs 40 lakh?

Salaried individuals, self-employed professionals and self-employed non-professionals are eligible for home loans of Rs 40 lakh.

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What our customers say

Time saving process

Office ke chalte jyada samay nahi nikal pata tha. Paisabazaar ke online process ki wajah se na hi mene banks ke rates compare karliye ghar bathe balki mera loan application aur disbursal bhi ghar bathe hi ho gaya...bank jana hi nahi pada...

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Pradeep SinghJan 7, 2026

Kam rates pe loan mila

Paisabazaar se mujhe bahut kam rate pe loan mil gaya...isse mere budget pe jada asar nahi pada aur jald hi mera apna ghar ho jayega..

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Nidhi SharmaJan 6, 2026

eligibility check ho jati hai free

me home loan lene ka soch raha tha uske liye mene pehle paisabazaar app se free me apni eligibility check ki..usse mujhe pata chala muje kya cheeze improve karni hai aur fir mera loan jaldi approve ho gaya.

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Shikhar SahuJan 5, 2026

Home loan mila yaahaan par

Mujhe home loan chahiye tha aur yahaan par sahayta kiya inhone aur loan mila. Pehla loan tha mera lekin sab ache se ho gaya.

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Prem Prakash PandeyDec 7, 2025

Home loan here

I took home loan here and they helped me in every step specially in collecting and submitting documents at the time of approval.

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Chandan SinghDec 1, 2025

Got the best home loan interest rate

I was confused and did not have so much time to carry out all the research, so I logged in to Paisabazaar’s portal and was able to see the home loan options I was eligible for. With the assistance of Paisabazaar’s experts, I was able to find the home loan that offered the rate of interest I could afford. Thank you Paisabazaar!

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Anu BhatnagarSep 10, 2021

Excellent Home Loan Service by Paisabazaar

Ended up taking an ICICI Home Loan and I think it was one of the best decisions I ever made. I thank Paisabazaar for helping me out and answering my questions with so much patience.

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KJ ThomasSep 10, 2021

Had a great experience with Paisabazaar

I have always heard my friends talking about how tedious it was for them to avail a home loan and decide the most suitable option. But with the help of Paisabazaar, I was able to compare several home loans and opt for the one that suited my needs. I am happy that I considered Paisabazaar for helping me.

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Ritesh SharmaSep 10, 2021

quick and easy home loan process

I had never thought that applying for a home loan could be so easy. The entire process was online and I didn’t have to go anywhere for application or documentation of my home loan. Paisabazaar experts helped me navigate through the process and later the bank collected my documents and everything was quick and seamless.

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Rupanjali MishraSep 3, 2021

Satisfied experience with Paisabazaar

I am satisfied with my home loan experience with Paisabazaar. I could easily compare different home loan options and apply for the home loan. Their customer care team also called me to confirm all the details and soon after the bank contacted to take the process forward. The process was really smooth.

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Soumil KhannaSep 3, 2021
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