Home Loans to Build Your Dream Home
Home loans are secured financing you can use to buy or construct a residential property. Currently, home loan interest rates start at 7.85% p.a. Most banks & HFCs sanction 75–90% of a property's value. Enjoy low processing fees, provisional sanction, 30 years of tenure & flexible EMIs.
Starting Interest Rate
7.85% p.a.
Maximum Loan Amount
₹5 Crores+
Maximum Tenure
30 Years
Home Loan Overview
Planning to invest in your dream home? Choose from the best home loan offers for easy financing. Whether you want to buy an existing house or construct from scratch, Rupee Heroes can connect you with funds to make it a reality.
Types of Home Loans Available in India
There are various home loan products you can choose from based on your requirements:
| Type of Loan | Details |
|---|---|
| Purchase of apartment | Finance for residential apartment complexes under construction or ready-to-move-in. |
| Purchase of bungalow/independent house | Loans for ready-to-move-in or under-construction standalone properties. |
| Purchase of land/plot | Loans to buy vacant land; banks usually require construction start within one year. |
| Home renovation | Financing for improvement or renovation of an existing home or apartment. |
| Construction of house | Loans to build on your land with municipal approvals and an approved plan. |
| Balance transfer | Transfer an existing home loan to another lender for better eligibility or rates. |
Home Loan Documents Required
Every customer must satisfy RBI's KYC norms. Please provide documents for your identity, address, employment, and income.
Identity Proof
- •PAN Card
- •Aadhar Card
- •Voter ID
- •Driving Licence
- •Passport
Address Proof
- •Registered Rent Agreement
- •Aadhar Card
- •Driving Licence
- •Lease Agreement
- •Passport
- •Latest Gas/Electricity Bill
Other Documents
- •Loan application form (duly filled)
- •Photographs
- •Signature proof
Property Documents
- •Copies of title documents (past 30 years)
- •30-year encumbrance certificate
- •Property tax receipt (for balance transfer)
Income Proof
- •Last 6 months' salary slips (salaried)
- •IT returns for past 3 years (self-employed/relevant banks accept 2 years)
- •Bank statements showing credits
- •P&L & balance sheet for last 2 years (self-employed)
- •Sales tax/GST certificates, if applicable
- •Partnership deed (if applicable)
- •Certificate of incorporation (if applicable)
Additional for NRIs
- •Employer identity card
- •Valid passport & visa (attested)
- •Proof of overseas address
- •Continuous Discharge Certificate (merchant navy)
- •PIO card (if applicable)
- •Documents attested by FO/Indian embassy/notary
- •Completed home loan application
- •3 passport-size photos
- •Identity proof (any one of PAN/Passport/Driving Licence/Voter ID)
- •Recent utility bill copy
Home Loan FAQs
Factors to Consider Before Taking a Home Loan in India
- •Thoroughly research market options before applying.
- •Calculate charges (interest, processing fee) for affordability.
- •Check your home loan eligibility (use our Rupee Heroes eligibility calculator).
- •Keep all KYC, income, and property documents ready.
- •Choose an EMI ≤45% of your monthly income.
- •Select a tenure balancing EMI size and total interest cost.
- •Maintain a strict budget to ensure timely EMI repayment.
- •Keep a good CIBIL score by timely credit/loan repayments.
- •Review foreclosure terms before finalizing.
- •Carefully read your loan agreement before signing.
Different Home Loan EMI Options for Multiple Amounts
| Rs. 1 Cr EMI | Rs. 2 Cr EMI | Rs. 5 Cr EMI |
| Rs. 80 Lakh EMI | Rs. 75 Lakh EMI | Rs. 60 Lakh EMI |
| Rs. 45 Lakh EMI | Rs. 50 Lakh EMI | Rs. 70 Lakh EMI |
Why Apply for a Home Loan with Rupee Heroes?
Rupee Heroes simplifies home loans by aggregating rates and features in one place. With 30+ years' expertise, we help you secure:
- •Lowest interest rates
- •Minimal processing fees
- •Fast loan turnaround
- •Transparent foreclosure & prepayment terms
- •End-to-end documentation support
Our specialists assist you to:
- •Assess your profile
- •Review repayment history
- •Understand lender policies
- •Navigate fine print on offers
How Does the MCLR Affect Your Home Loan Interest Rate?
- •MCLR applies only to floating‐rate loans; fixed‐rate loans aren't affected.
- •Repo rate changes flow through to your floating EMI.
- •Banks adjust tenure to keep EMI constant when MCLR changes.
- •Example: At 8% floating, a 50 bps cut lowers your rate to 7.85% p.a.
What to Do if Your Home Loan Application Is Rejected?
Rejections happen due to credit, documentation, or eligibility issues. To avoid this:
- •Maintain stable employment (≥2 years)
- •Keep CIBIL ≥650
- •Submit accurate, complete documentation
- •Choose approved property
- •Obtain "No Dues" certificate from prior lenders
How to Use Home Loan Effectively (Tips & Advice)
- •Opt for shorter tenures to reduce interest outgo.
- •Repay EMI before due date to avoid charges & protect credit.
- •Consider balance transfer if you find a lower rate.
- •Borrow only what you need based on your LTV eligibility.
Home Loan EMI Calculator
Use our free Home Loan EMI Calculator to estimate your monthly instalments. Enter loan amount, interest rate, and tenure for an accurate result.
Try our EMI calculatorFeatures & Benefits of Home Loans
Capital appreciation
Sense of accomplishment
Tax benefits on interest & principal
Zero prepayment charges
Top-up & balance transfer facilities
Long repayment tenure up to 30 years
High loan amounts up to ₹5 crore (or more)
Flexible purchase & construction options
Repayment holiday facility
Available as term loan and overdraft
Fixed, floating, and hybrid rate options
Best Home Loan Providers in India 2025
Compare lowest home loan interest rates, processing fees, and tenures from top banks: HDFC, ICICI, SBI, and more. This table helps you find the best home loan at the lowest rate.
| Top Banks | Interest Rate (p.a.) | Maximum Tenure | Processing Fee |
|---|---|---|---|
| HDFC Bank | 8.45%–9.30% | 30 years | Up to 1.50% + taxes |
| PNB Housing Finance | 8.50% | 30 years | 1% + taxes |
| Kotak Mahindra Bank | 8.65% | 25 years | Up to 2% + taxes |
| SBI | 8%–8.95% | 30 years | 0.35% + GST |
| ICICI Bank | 9%–10.05% | 30 years | Up to 2% + GST |
How to Apply for a Home Loan
You can now apply online in a few simple steps:
- •Click on the "Apply Now" button.
- •Fill in your details to see the latest home loan offers.
- •Enter your desired loan amount and preferred tenure.
- •Upload clear scans/photos of your PAN, address proof, income proof.
- •Review your application and submit.
- •Receive your sanction letter and finalize the agreement.
- •Get funds disbursed into your account per the sanction terms.
Income Proof Documents for NRIs
For Salaried
- •Valid work permit
- •Employment contract (English translation, attested)
- •Last 3 months' salary slips
- •Last 6 months' bank statements
- •Latest salary certificate/slip
- •Last year's ITR (duly acknowledged)
For Self-employed
- •Business address proof
- •Income proof for professionals/businessmen
- •Last 2 years' audited P&L and balance sheets
- •Last 2 years' ITR (for NRIs in select regions)
- •Last 6 months' overseas bank statements