π‘ Complete Guide to Home Loan in India 2025 β Eligibility, Interest Rates & How to Apply with Indicred
Buying a house is one of the biggest dreams for many Indians β¨, and a home loan makes this dream possible. With rising real estate prices, most people rely on banks and financial institutions to fund their home purchase. A home loan not only provides financial assistance but also offers tax benefits and long repayment options.
In this detailed guide, weβll cover everything you need to know about home loans in Indiaβeligibility β , types, documentation π, interest rates π°, EMI calculation π, and tips π‘ to get the best deal. Weβll also explain how Indicred can help you compare top home loan offers online in just a few clicks.
Max. Loan Amount
Up to βΉ40L
Rate of Interest
10.49% p.a. onwards
Tenure up to
Up to 5 years
Processing Fee
2% - 8%
π What is a Home Loan?
A home loan is a secured loan provided by banks or housing finance companies to help individuals buy, build, or renovate a house. The property itself acts as collateral, and repayment is made through monthly installments (EMIs) π.
π Why Choose a Home Loan?
π‘ Affordable Home Ownership
π Flexible Tenure (up to 30 years)
πΈ Tax Benefits (80C & 24(b))
π Improve Credit Score
π Types of Home Loans in India
1οΈβ£ Home Purchase Loan ποΈ
2οΈβ£ Home Construction Loan ποΈ
3οΈβ£ Home Improvement Loan π§
4οΈβ£ Home Extension Loan ποΈ
5οΈβ£ Balance Transfer Loan π
6οΈβ£ Plot Loan π
7οΈβ£ Top-Up Loan π΅
π Compare all these at Indicred and find the right option.
β Home Loan Eligibility Criteria
π€ Age: 21β65 years
πΌ Job: Salaried or self-employed
π° Income: Stable & sufficient
β CIBIL Score: 700+ recommended
π‘ Property: Legally approved
π Documents Required For Home Loan
πͺͺ Identity Proof (Aadhaar, PAN)
π Address Proof
πΌ Income Proof (Salary slips, ITR)
π Property Papers
π¦ Bank Statements
π° Home Loan Interest Rates in India (2025)
π¦ Bank/NBFC
π Starting Rate
π Processing Fee
Bank of Baroda
8.00% β 8.40%
Up to 0.50%
SBI (State Bank of India)
8.15% β 8.40%
Up to 0.35%
HDFC Ltd
7.90% β 8.90%
Up to 0.50%
ICICI Bank
8.75% β 9.40%
0.50% β 2.00%
Axis Bank
8.75% β 12.70%
Up 1%
Bank of Maharashtra
7.35% onwards
Up 0.25%
Punjab National Bank (PNB)
8.25% onwards
Up 0.35%
IDBI Bank
7.65% onwards
Up 0.50%
HSBC India
7.70% onwards
Up 1%
Karur Vysya Bank
7.95% onwards
2500
Saraswat Bank
7.50% β 8.90%
βΉ2,500 β βΉ7,500
Jammu & Kashmir Bank
8.75% onwards
0.25%
South Indian Bank
8.30% onwards
0.50%
Federal Bank
8.75% onwards
0.50%
Standard Chartered Bank
7.99% onwards
-
Karnataka Bank
8.19% onwards
0.25%
Dhanlaxmi Bank
8.60% onwards
1%
Tata Capital
7.75% onwards
βΉ5,000 β βΉ10,000
Tamilnad Mercantile Bank
8.50% onwards
0.50%
Bandhan Bank
8.41% onwards
-
Yes Bank
9.00% β 11.50%
1.5%
π» How to Apply Online with Indicred
π Visit www.indicred.in
π Fill details
β‘ Check eligibility
π Compare offers
π€ Upload documents
β Get approval fast
π¦ Home Loan Tax Benefits
π 80C β βΉ1.5 lakh deduction (Principal)
π 24(b) β βΉ2 lakh deduction (Interest)
π¨βπ©βπ¦ Joint Loan β Extra benefits
Home Loan FAQs
π Most banks require 700+, but with Indicred you can still find options if your score is lower.
π Usually banks allow 40β50% of monthly income as EMI. Use Indicredβs eligibility checker to know your exact amount.
π As of now, SBI & HDFC offer rates from 8.35% p.a. Compare them on Indicred instantly.
π Yes β With Indicred, you can apply online, upload documents, and get approval from top banks without visiting branches.
π You get βΉ1.5 lakh under Section 80C (Principal) + βΉ2 lakh under Section 24(b) (Interest).
π Use Indicredβs EMI Calculator π β enter loan amount, interest, tenure, and get instant EMI results.
Personal Loan Providers
Home Loan EMI Calculator
EMI Schedule
| Month | EMI | Principal | Interest | Opening Balance | Closing Balance |
|---|
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Indicred offers a wide array of financial products including personal loans, instant loans, education loans, home loans, business loans, and car loans. We also provide credit cards, including cashback credit cards, rewards credit cards, and travel credit cards. Whether you're looking for quick access to funds or flexible repayment options, Indicred makes it easy with competitive rates, fast approval, and simple online application. With advanced credit assessments, even those with limited credit history can access the financial solutions they need. Apply now for personalized loan and credit card offers!