Home Loan

Finance your dream home with confidence

Buy, build, or renovate — we help you compare home loan options across banks, NBFCs and housing finance companies, and guide you through the entire journey.

Check Eligibility Calculate EMI Talk to an Expert

What is a Home Loan?

A home loan is secured funding from a bank or housing finance company to purchase, construct or renovate a residential property. You repay it over a long tenure (often up to 30 years) through monthly EMIs, while the property acts as security.

Who it may suit

First-time home buyers and families upgrading their home
Salaried and self-employed individuals with stable income
Those building on owned land or renovating an existing home

Documents you'll typically need

KYC — PAN & Aadhaar / address proof
Income proof — salary slips & Form 16, or ITR for self-employed
Bank statements (last 6 months)
Property documents

Common reasons for delay or rejection

Low credit score or recent missed payments
High existing EMI burden (high FOIR)
Incomplete documents or property/legal issues

Good to Know

Indicative rates & charges

Actual rates, processing fees and charges vary by lender and are confirmed at the time of application.

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Interest Rate

Typically floating, linked to a benchmark. Your rate depends on your credit profile, income and the lender.

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Processing Fee

A one-time fee, often a small percentage of the loan amount, charged by the lender to process your application.

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LTV

Lenders finance a portion of the property value; the rest is your down payment.

Loan Products

Types of Home Loan available in India

There are various home loan products that you can choose from based on your requirements.

Purchase of apartment	Get a home loan for a residential apartment complex that is under construction or ready to move in.
Purchase of bungalow / independent house	Loan to purchase a ready or under-construction bungalow or independent house.
Purchase of land / plot	Buy a vacant plot for construction. Some banks require construction within one year.
Home renovation	For improvement or renovation of an existing home or apartment.
Construction of house	Loan for new home construction with an approved building plan.
Balance transfer	Transfer an existing home loan to another bank or NBFC with better rates and terms.

Why Home Loan

Features & benefits of Home Loan

What makes a home loan one of the most rewarding, tax-efficient ways to own property.

Capital appreciation — real estate value grows over time.
A true sense of accomplishment — your own home.
Tax benefits on both interest and principal components.
Zero prepayment charges on floating-rate loans.
Top-up and balance transfer facility available.
Long repayment tenure — up to 30 years.
High loan amount — up to ₹5 Crores (or more).
Applicable for purchase, construction or renovation.
Repayment holiday facility with select lenders.
Available as term loan and overdraft.
Choice of fixed, floating and hybrid interest rates.

Compare Lenders

Best Home Loan providers in India 2026

Indicative interest rates and tenures from leading banks and housing finance companies. Final terms are decided by each lender based on your profile.

Top Banks	Interest Rate (per annum)	Maximum Tenure
HDFCHDFC Bank	7.20%* – 8.65%*	30 years
PNBPunjab National Bank	7.20%* – 7.50%*	30 years
KMBKotak Mahindra Bank	7.65%* – 7.99%*	30 years
BAJAJBajaj Finserv	7.30%* – 8.10%*	30 years
SBIState Bank of India	7.25%* – 9.20%*	30 years
ICICIICICI Bank	7.30%* – 8.65%*	30 years
BOBBank of Baroda	7.20%* – 8.65%*	30 years
SHFShriram Housing Finance	11.00%* – 13.00%*	30 years
L&TL&T Housing Finance	8.10%* – 8.90%*	30 years
AXISAxis Bank	7.25%* – 7.70%*	30 years
IDFCIDFC Bank	8.10%* – 8.90%*	30 years
ICICIICICI Home Finance	8.10%* – 8.90%*	30 years
BOIBank of India	7.10%* – 7.80%*	30 years
BOMBank of Maharashtra	7.10%* – 7.80%*	30 years
CBICentral Bank of India	7.15%* – 7.25%*	30 years
PNBHFLPNB Housing Finance Ltd	8.00%* – 10.00%*	30 years
UCOUCO Bank	7.15%* – 7.85%*	30 years
UBIUnion Bank	7.15%* – 8.60%*	30 years
LICHFLLIC Housing Finance Ltd	7.15%* – 8.25%*	30 years
IDBIIDBI Bank Ltd	7.70%* – 11.75%*	30 years
IBHIndiabulls Housing Fin. Ltd.	8.40%* – 9.00%*	30 years
IIBIndusInd Bank (Prime)	8.35%* – 9.45%*	30 years
IOBIndian Overseas Bank	7.10%* – 7.85%*	30 years

*Rates are indicative, vary by lender and applicant profile, and are subject to each lender's policy at the time of application. Logos are trademarks of their respective owners, shown for identification only.

Step by Step

What is the Home Loan application procedure?

A simple guided journey — from checking eligibility to receiving your sanction letter.

Visit the Shah Communication official website.
Choose your gender and city of residence.
Select the loan purpose (purchase, construction, extension, etc.).
Enter property value, employment type and annual income.
Provide personal and contact details, then verify via OTP.
Choose your preferred lender and submit documents.
Lender verifies documents and property, and conducts a personal discussion.
Loan offer letter is issued — sign and complete documentation.
Disbursal — funds are released as per the agreement.

After verification and sanction, you'll receive a formal loan offer letter with conditions. Once accepted, loan documents are executed with assistance from our experts.

Am I Eligible

Eligibility criteria for Home Loan

Typical criteria lenders look at. Exact requirements vary by lender and applicant profile.

Age Limit	Minimum 21 years; maximum 70 years at loan maturity
Employment Type	Salaried individuals, self-employed professionals / non-professionals, business owners and pensioners
Income	Stable income with repayment capacity as per bank norms
Work Experience / Business Continuity	Minimum 2 years for salaried; 3 years for self-employed
Credit Score	Preferably 700 and above
Nationality	Resident Indian, NRI, NRO

*Eligibility criteria vary depending on lender and applicant profile.

Keep Ready

Documents required for Home Loan

Having these ready helps speed up approval and disbursal.

🪪 Proof of Identity

PAN Card
Aadhaar Card
Voter ID
Passport
Driving Licence

📍 Proof of Address

Aadhaar Card
Utility Bills
Passport
Rent Agreement

🧾 Income Proof — Salaried

Salary slips (last 6 months)
Form 16
Bank statements (12 months)

💼 Income Proof — Self-employed

Business proof
ITR (last 2–3 years)
Balance Sheet and P&L Account

📄 Property Documents

Sale Agreement
Title Deed
Property Tax Receipts
Approved Building Plan

📷 Photographs & Other Documents

Recent passport-size photos of applicant & co-applicant
Business proof (Udyam or GST)
Partnership Deed
MOA & AOA (for firms / companies)
Power of Attorney (if applicable)

Smart Borrowing

Tips & advice for Home Loan applicants

Small steps that can save you lakhs over the life of your loan.

Check your credit score before applying; aim for 700 or higher.
Compare interest rates and processing fees across banks/NBFCs.
Choose a shorter tenure if possible to reduce total interest outgo.
Maintain a clean financial history and avoid recent loan defaults.
Ensure all property documents are clear and legally verified.
Negotiate processing fees and other charges where possible.
Opt for balance transfer if your existing loan has a higher rate.
Use EMI calculators to plan your monthly outflow smartly.

The Case for Owning

Why apply for a Home Loan

Beyond owning a home, a home loan brings real financial advantages.

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Ownership benefits: Buying a home creates a long-term asset and financial security.
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Tax benefits: Deductions on both principal (Section 80C) and interest (Section 24b) components.
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Affordable EMIs: Longer tenure options make repayment easy and stress-free.
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Property appreciation: Real estate values tend to increase over time, offering good returns.
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Balance transfer facility: Move your loan to another lender offering a lower interest rate.
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Flexible repayment: Choose between fixed or floating interest rates as per your needs.
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Improves credit score: Timely repayment helps build a strong credit profile.

Before You Apply

Factors to consider before applying for a Home Loan

Weigh these carefully to pick the loan that truly fits you.

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Interest rate type: Choose between fixed or floating rate depending on your risk preference.
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Loan tenure: Shorter tenure reduces total interest but increases EMIs.
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Processing fees & charges: Compare across lenders to avoid hidden costs.
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Down payment: Larger down payments reduce loan burden and interest cost.
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Prepayment options: Check if the lender allows early repayment without penalties.
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Property verification: Ensure property documents are clear and legally valid.
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Insurance cover: Opt for home loan insurance for protection in case of unforeseen events.

Repayment Styles

Different Home Loan EMI options

Lenders offer several EMI structures — pick one that matches your income pattern.

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Step-Up EMI

Lower EMIs initially that increase as your income grows.

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Step-Down EMI

Higher EMIs initially that gradually decrease over time.

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Flexible EMI

Adjust EMIs as per your cash flow and income changes.

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Tranche-Based EMI

For under-construction properties — pay interest only on the disbursed amount.

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Balloon EMI

Smaller EMIs during tenure with a large lump-sum payment at the end.

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Accelerated EMI

Increase your EMI periodically to close the loan faster.

*Choosing the right EMI plan helps balance affordability and faster loan repayment.

FAQ

Home loan questions

How is my home loan eligibility decided?

Lenders look at your income, existing EMIs (FOIR), credit score, age, employment type and the property value. Use our eligibility checker for an indicative estimate.

What tenure can I choose?

Home loans often allow tenures up to 30 years. A longer tenure lowers the EMI but increases total interest paid.

Can I transfer my existing home loan?

Yes — a balance transfer can move your loan to a lender offering a better rate. We help you compare whether the savings outweigh the transfer costs.

Does Shah Communication approve the loan?

No. Shah Communication is a consultancy and assistance platform. Final approval, interest rate and terms are decided by the respective bank or NBFC.

Ready When You Are

Let's find the right home loan for you

Check your indicative eligibility, compare suitable options and get expert guidance at every step.

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