What is the maximum home loan amount I can get?

Home loan eligibility depends on your income, existing EMIs, age, and property value. Generally, lenders offer up to 80-90% of the property value. With PaisaWay, you can get home loans up to ₹10 crores based on your profile.

What is the current home loan interest rate?

Home loan interest rates currently range from 8.35% to 10.5% p.a. depending on the lender and your credit profile. Most home loans are on floating rate, which changes with RBI repo rate.

What is the difference between fixed and floating rate?

Fixed rate remains constant throughout the loan tenure, while floating rate changes based on RBI repo rate and lender's MCLR/RLLR. Floating rates are typically 0.5-1% lower than fixed rates but can change over time.

What tax benefits are available on home loans?

You can claim deduction up to ₹1.5 lakhs on principal repayment under Section 80C and up to ₹2 lakhs on interest under Section 24(b). First-time buyers can get additional ₹1.5 lakhs under Section 80EEA for affordable housing.

Can I prepay my home loan?

Yes, prepayment is allowed without any charges for floating rate home loans as per RBI guidelines. For fixed rate loans, lenders may charge 2-3% prepayment fee. Part-prepayments help reduce your interest burden significantly.

Home Loan in India - Compare Rates from 8.4% | PaisaWay

Interest Rate

From 8.35%

Loan Amount

Up to ₹10 Cr

Tenure

Up to 30 years

Showing 6 loan offers

State Bank of India

home-loan.offers.badges.bestRate

4.4(28,500 reviews)

Interest Rate

8.4% - 9.85%

Loan Amount

₹5L - ₹10.0Cr

Tenure

Up to 30 years

Processing Fee

0.35% + GST

Lowest ratesPradhan Mantri Awas YojanaBalance transferTop-up available

7-15 days

HDFC Home Loans

home-loan.offers.badges.fastest

4.5(22,000 reviews)

Interest Rate

8.5% - 9.75%

Loan Amount

₹3L - ₹15.0Cr

Tenure

Up to 30 years

Processing Fee

Up to 0.5%

Quick processingFlexible EMIPart prepayment freeDigital approval

5-10 days

LIC Housing Finance

4.2(15,200 reviews)

Interest Rate

8.5% - 10.5%

Loan Amount

₹2L - ₹10.0Cr

Tenure

Up to 30 years

Processing Fee

0.25% - 0.5%

Affordable ratesGovt. backedLong tenureRural areas covered

10-15 days

Axis Bank

4.2(12,000 reviews)

Interest Rate

8.55% - 10.05%

Loan Amount

₹5L - ₹5.0Cr

Tenure

Up to 30 years

Processing Fee

Up to 1%

Digital processProperty search assistCo-applicant benefitEMI holiday

7-14 days

ICICI Bank

PNB Housing Finance

4.1(8,500 reviews)

Interest Rate

8.65% - 10.25%

Loan Amount

₹3L - ₹7.5Cr

Tenure

Up to 25 years

Processing Fee

Up to 0.5%

Competitive ratesFlexible repaymentEasy documentationBalance transfer

10-14 days

Types of Home Loans

Choose the right home loan for your needs

Home Purchase Loan

Buy your dream home with attractive financing options

Home Construction Loan

Build your home from the ground up on your own land

Plot Purchase Loan

Buy a plot to build your future home

Balance Transfer

Switch your existing home loan for better rates

Why Choose PaisaWay for Home Loans?

Your trusted partner for home financing

Lowest Rates

Interest rates starting from 8.35% p.a.

Quick Approval

Get in-principle approval within 24 hours

PMAY Benefits

Get subsidy up to ₹2.67 lakhs under PM Awas Yojana

1 Lakh+ Home Buyers

Trusted by home buyers across India

Frequently Asked Questions

Common questions about home loans

Make Your Dream Home a Reality

State Bank of India

HDFC Home Loans

LIC Housing Finance

Axis Bank

ICICI Bank

PNB Housing Finance

Types of Home Loans

Home Purchase Loan

Home Construction Loan

Plot Purchase Loan

Balance Transfer

Why Choose PaisaWay for Home Loans?

Lowest Rates

Quick Approval

PMAY Benefits

1 Lakh+ Home Buyers

Frequently Asked Questions

Ready to Own Your Dream Home?

Make Your Dream Home a Reality

State Bank of India

HDFC Home Loans

LIC Housing Finance

Axis Bank

ICICI Bank

PNB Housing Finance

Types of Home Loans

Home Purchase Loan

Home Construction Loan

Plot Purchase Loan

Balance Transfer

Why Choose PaisaWay for Home Loans?

Lowest Rates

Quick Approval

PMAY Benefits

1 Lakh+ Home Buyers

Frequently Asked Questions

Ready to Own Your Dream Home?