Make Your Dream Home a Reality

A home loan is financing provided by a bank or financial institution to help an eligible applicant purchase, construct or, where permitted, improve a residential property. The property is generally secured in favour of the lender.

Salaried and self-employed individuals may apply, subject to the lender’s age, income, credit, employment or business, property and other eligibility requirements.

The amount depends on income, existing obligations, credit profile, property value, applicable loan-to-value limits and lender policies. The lender confirms the final eligible amount.

Common documents include identity and address proof, PAN, income proof, bank statements, employment or business proof and property papers. The exact list depends on your profile and lender.

Many lenders allow eligible co-applicants, often family members. The lender decides who can be a co-applicant and whether their income can be considered.

A home loan balance transfer may be available subject to the new lender’s eligibility, property, repayment and documentation checks. Compare applicable costs and terms before deciding.

Part-prepayment or foreclosure may be possible, subject to the loan agreement, lender policy and applicable regulations. Check the terms applicable to your specific loan.

No. A stronger credit profile may support an application, but approval also depends on income, obligations, property checks, documentation and the lender’s overall assessment.