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Home/Loans/Home Loan
Home Loan

Your Dream Home
Is Within Reach

Competitive rates, maximum eligibility, and end-to-end guidance — from application to possession. For residents and NRIs alike.

8.40% p.a. onwards  ·  Up to ₹10 Cr+  ·  30-Year Tenure
Apply Free Now → View FAQs
8.40%
Interest From
Up to 30 Yrs
Max Tenure*
90%
LTV Available
₹3.5L
Tax Benefits*
What Is a Home Loan?

Finance Your Home
The Smart Way

A home loan lets you purchase, construct, or renovate a property by borrowing from a financial institution — repaid in monthly instalments (EMIs) over a chosen tenure. The property itself serves as security.

With Srikara, we compare options across all leading banks and housing finance companies to match you with the best rate for your exact profile — not a generic rate.

🏠
New Purchase
Buy a flat, apartment, independent house, or villa from a builder or individual.
🔨
Construction Loan
Build on your own plot. Disbursed in stages as construction progresses.
🔄
Balance Transfer
Move your existing home loan to a lower rate and reduce your EMI immediately.
🌐
NRI Home Loan
Overseas Indians can buy property in India. Repay from NRE/NRO account.
Apply for Home Loan — Free
We respond within 2 hours · Zero fee service
📎
Salary slips, bank statements, ID proof
Click or drag to upload
🔒 Safe & private. We never share your data. Your documents are only used for your application.
🏠
Application Received!
Our home loan specialist will call you within 2 hours.
Reference: —
Required Documents

Document Checklist

We guide you on every document required. Getting the right documents first time avoids delays and rejections.

👔Salaried Employee Employee
Aadhaar Card (original + photocopy)
PAN Card
Last 3 months salary slips
6 months bank statements (salary account)
Form 16 / last 2 years ITR
Employment letter / appointment letter
Passport-size photographs (3)
Current address proof (utility bill / rental agreement)
Property documents (see below)
🏭Self-Employed / Business Business
Aadhaar Card + PAN Card
Last 3 years ITR with computation
Last 3 years profit & loss + balance sheet
12 months current account bank statements
GST registration certificate
Business address proof
Partnership deed / MOA / AOA (if applicable)
Passport photos + address proof
🏠Property Documents
Sale agreement / Sale deed
Title deed (mother deed + all chain documents)
Encumbrance Certificate (EC) — 15 years
Approved building plan (from local authority)
Property tax receipts (latest)
NOC from builder / society (if applicable)
Occupancy / completion certificate (ready property)
Property valuation report
🌐NRI Applicant (Additional)
Valid passport (all pages)
Valid visa / residence / work permit
OCI / PIO card (if applicable)
6 months NRE / NRO account statements
Employment letter abroad + 3 months salary slips
Overseas address proof
Power of Attorney (if applying remotely)
Tax Savings

Save Up to ₹3.5 Lakh Per Year

A home loan offers significant income tax deductions under Sections 24(b), 80C, and 80EEA. Tax benefits are subject to individual eligibility and prevailing Income Tax Act provisions.

24(b)
Up to ₹2 Lakh/year
Deduction on home loan interest for self-occupied property. Full interest deductible for let-out property.
80C
Up to ₹1.5 Lakh/year
Deduction on principal repayment. Combined with LIC, PPF, ELSS etc. in the ₹1.5L limit.
80EEA
Extra ₹1.5 Lakh
Additional interest deduction for first-time buyers on affordable housing (stamp duty value ≤ ₹45 Lakh).
PMAY
₹2.67 Lakh subsidy
Credit-linked subsidy credited to loan upfront. Reduces principal and monthly EMI from day one.

*Terms & conditions apply. Tax benefits depend on individual eligibility and prevailing laws. Consult a qualified CA for personalised advice.

Home Loan FAQs

Frequently Asked Questions

What is the maximum home loan I can get?⌄
Banks offer up to 80–90% of property value (LTV). Maximum amount depends on your income, credit score, and lender policies. High-income salaried applicants can access ₹10 Cr+. We calculate your exact eligibility free of charge.
How is my home loan eligibility calculated?⌄
Key factors: (1) Net monthly income, (2) Existing EMI obligations — FOIR should be below 50%, (3) Age and employment type, (4) Credit score — 750+ is excellent, (5) Property value and type. Adding a co-applicant (spouse) significantly increases eligibility.
What is the difference between fixed and floating interest rates?⌄
Fixed rate: Constant throughout tenure — certainty of EMI amount. Usually 0.5–1% higher. Floating rate: Linked to benchmark lending rates, changes with monetary policy. Currently, 95%+ of home loans in India are on floating rates. Over a 20–30 year tenure, most borrowers benefit from floating rate when rates fall.
Can I prepay my home loan without penalty?⌄
Yes. Banking regulations prohibit prepayment penalty on floating-rate home loans. Fixed-rate loans may have a small charge (1–3%). Partial prepayment at any time reduces your outstanding principal, cutting total interest significantly. We recommend prepaying whenever you have surplus funds.
What is home loan balance transfer?⌄
Moving your existing home loan to another lender offering a lower interest rate. Beneficial when rate difference is 0.50%+ and 10+ years of tenure remain. We calculate net savings after transfer costs (processing fee, stamp duty) to tell you if it's worth it for your specific case.
How does PMAY subsidy work?⌄
Pradhan Mantri Awas Yojana provides interest subsidy of 3–6.5% under CLSS for first-time homebuyers in EWS/LIG/MIG categories. The subsidy (up to ₹2.67 Lakh) is credited to your loan account upfront — immediately reducing your principal and monthly EMI. We check your eligibility and handle the application.
Can NRIs get a home loan in India?⌄
Yes. NRIs can get home loans from most major banks. Income assessed on foreign salary/business income. Repayment must come from NRE/NRO accounts. A Power of Attorney held by a resident Indian is typically required. We specialise in NRI home loans — 100% remote processing available.
Can husband and wife both claim home loan tax benefits?⌄
Yes — if both are co-owners and co-applicants. Each can claim ₹2 Lakh u/s 24(b) (interest) and ₹1.5 Lakh u/s 80C (principal) independently — total ₹7 Lakh per couple per year. For a couple in 30% tax bracket, this saves ₹2.1 Lakh per year in taxes.
What is a home loan top-up?⌄
An additional loan over your existing home loan at similar interest rates. Available after maintaining a good repayment track for 12+ months. Used for home renovation, children's education, or personal needs. Much cheaper than a personal loan.
How long does home loan approval take?⌄
Typically 10–20 working days for ready properties with clear titles. Under-construction or complex title properties may take 20–30 days. We track your application daily and push for fastest possible processing. Disbursal happens within 3–5 days of sanction.
What happens to my home loan if I lose my job?⌄
Inform your lender immediately. Options: (1) EMI holiday for 3–6 months, (2) Tenure extension to reduce EMI, (3) Temporary interest-only payments. Always approach the lender proactively — defaulting without communication has severe consequences. We also recommend term insurance covering the loan amount.
What is an under-construction property loan?⌄
Loan disbursed in stages as construction progresses, linked to builder's payment demands. During construction, you pay only interest (Pre-EMI) on the disbursed amount. Full EMI starts after possession or full disbursal. Avoid builders with poor track records — check RERA registration first.
Is a home loan for an independent house different from a flat?⌄
The loan process is similar but documentation differs. For independent houses: approved plan, completion certificate, and property tax receipts are key. Some lenders are more cautious with independent houses in unapproved areas. We match you with lenders who have favourable policies for your property type.
What is CERSAI registration and why does it matter?⌄
CERSAI is the government registry where lenders register their mortgage (charge) on properties. Before granting a loan, lenders check CERSAI to ensure no existing charge exists. Your lender registering the charge protects you — it prevents fraudulent double mortgaging of the same property.
How much should I save as down payment?⌄
Banks finance up to 80–90% of property value. The 10–20% you must fund yourself is the down payment. For a ₹50 Lakh property, you need ₹5–10 Lakh ready. Additionally budget for: registration (5–7%), stamp duty (4–8%), processing fee (0.5–1%), and 3–6 months EMI as buffer. We help you plan the full cost.

Important Legal Notice

For your guidance and assistance only. Srikara Financial Services is an independent financial guidance and assistance platform. We help individuals understand and access loan and insurance products offered by banks, housing finance companies, and registered insurance providers. We do not lend money, we do not underwrite or issue insurance policies, and we do not make credit or underwriting decisions of any kind.

All loan sanctions, disbursals, and credit approvals are made solely by the respective financial institutions based on their own credit assessment policies. All insurance policies are issued solely by the respective registered insurance companies based on their own underwriting criteria. Approval is never guaranteed. Interest rates and premiums shown are indicative and subject to change.

No liability for financial outcomes. Srikara Financial Services and its representatives are not liable for any financial loss, claim rejection, policy lapse, loan default, or any other financial outcome arising from products accessed through our guidance. All financial decisions are the sole responsibility of the customer. We strongly recommend reading all product terms, conditions, and key information documents before making any financial commitment.

Tax information. Tax benefits and exemptions mentioned on this website are based on prevailing Income Tax Act provisions applicable to resident Indians. Tax rules are subject to change by the government. NRI tax treatment varies by country of residence. Please consult a qualified chartered accountant or tax advisor for personalised tax guidance. This website provides general information only and does not constitute legal, financial, or tax advice.