GuidesPlain-words answers about your loan.
Loan guides and explainers
What RBI decisions mean for your EMI, how to cut interest, and how to read the fine print. Every number is worked out with the same engine as our free tools.
Save money
Is a home loan balance transfer worth it? A 5-minute check
When does moving your home loan to a cheaper lender save money? The rate gap that matters, every cost to count, a worked example and a break-even formula.
Save moneyHow to reduce your home loan interest: 7 ways that work
Seven practical ways to pay less interest on your home loan in India: lower spread, EBLR, transfer, prepay, an extra EMI and more, with real numbers.
Save moneyPart prepayment on a home loan: reduce EMI or reduce tenure?
Which saves more when you part-prepay your home loan: a lower EMI or a shorter tenure? A worked example, the rule to remember and how to tell your lender.
Save moneyHome loan tenure: 15, 20, 25 or 30 years? The real cost of each
How the tenure you pick changes your EMI and the total interest on a ₹50 lakh home loan, why a longer tenure costs lakhs more, and how to keep the choice flexible.
Save moneyOne extra EMI a year: how much a 13th EMI saves on a home loan
Paying one extra EMI every year on a ₹50 lakh home loan ends it years sooner and saves lakhs of interest. The numbers, a step-up EMI comparison and how to do it.
Save moneyPrepay your home loan or invest in a SIP? How to decide
Is it better to prepay a home loan or invest the money? A simple test: what an investment must earn after tax and risk to beat your loan rate, with numbers.
Save moneyLetter to your bank to reduce your home loan interest rate (with a template)
How to ask your lender for a lower home loan rate: what to include, a short letter you can adapt, what to attach and how to escalate if the bank says no.
Save moneyRent or buy a home in India? A worked example with a ₹80 lakh flat
Is buying with a home loan better than renting and investing the difference? A worked example with every assumption shown, and how to test your own numbers.
Basics
EBLR vs MCLR: which home loan rate are you on, and should you switch?
EBLR is tied to the RBI repo rate and resets at least every three months. MCLR is set by your bank. Learn how to find yours in your sanction letter and how to switch.
BasicsWhat is a KFS (Key Fact Statement)? How to read your loan's fine print
A Key Fact Statement tells you the real cost of a loan in plain words. See what it must contain, what APR means and a 10-point checklist to catch hidden charges.
BasicsHow is home loan EMI calculated? The formula, with a worked example
The EMI formula in plain words, a step-by-step worked example in rupees, why early EMIs are mostly interest, and how rate and tenure change your EMI.
BasicsWhy your home loan EMI did not change after a rate cut
The repo rate fell but your EMI did not move. Four reasons: tenure took the change, no reset yet, you are on MCLR, or your spread. How to check each.
BasicsEMI on a ₹25 lakh home loan: tenures, rates and the salary you need
EMI for a ₹25 lakh home loan at 8%, 8.5% and 9% over 10 to 30 years, the total interest, the salary lenders usually want and one way to finish years earlier.
BasicsEMI on a ₹30 lakh home loan: tenures, rates and the salary you need
EMI for a ₹30 lakh home loan at 8%, 8.5% and 9% over 10 to 30 years, the total interest, the salary lenders usually want and one way to finish years earlier.
BasicsEMI on a ₹40 lakh home loan: tenures, rates and the salary you need
EMI for a ₹40 lakh home loan at 8%, 8.5% and 9% over 10 to 30 years, the total interest, the salary lenders usually want and one way to finish years earlier.
BasicsEMI on a ₹50 lakh home loan: tenures, rates and the salary you need
EMI for a ₹50 lakh home loan at 8%, 8.5% and 9% over 10 to 30 years, the total interest, the salary lenders usually want and one way to finish years earlier.
BasicsEMI on a ₹75 lakh home loan: tenures, rates and the salary you need
EMI for a ₹75 lakh home loan at 8%, 8.5% and 9% over 10 to 30 years, the total interest, the salary lenders usually want and one way to finish years earlier.
BasicsEMI on a ₹1 crore home loan: tenures, rates and the salary you need
EMI for a ₹1 crore home loan at 8%, 8.5% and 9% over 10 to 30 years, the total interest, the salary lenders usually want and one way to finish years earlier.
BasicsDocuments required for a home loan: salaried and self-employed checklist
The documents lenders ask for on a new home loan: ID and address proof, income papers for salaried and self-employed borrowers and the property papers.
BasicsHome loan top-up: how it works, what it costs and when it makes sense
A top-up loan lets you borrow more on your existing home loan, usually at a lower rate than a personal loan. How it works, the tax rule and a cost comparison.
BasicsPre-EMI vs full EMI on an under-construction home loan
With an under-construction flat you may pay only interest first (pre-EMI) and full EMIs later. How each works, a worked example and which is cheaper.
BasicsFixed vs floating home loan rate: which is better in India today?
How fixed and floating home loan rates differ, what a rate rise does to your EMI, when fixed can make sense and the prepayment rule that favours floating.
BasicsFlat rate vs reducing rate: why "10% flat" is not 10%
A flat rate charges interest on the full loan for the whole term. What 10% flat really costs per year, how it compares with a reducing rate, and how to convert them.
BasicsHome loan amortisation schedule: why early EMIs are mostly interest
Read your repayment schedule: how each EMI splits into interest and principal, why the first years are almost all interest, and when the balance finally falls fast.
BasicsWhat happens to a home loan if the borrower dies?
The loan does not vanish on the borrower's death. Who must repay, how insurance helps, what a co-borrower can do and the steps a family should take.
Tax
Credit
What CIBIL score do you need for a home loan, and how it changes your rate
Most lenders prefer a credit score of 750 or higher for a home loan. See how your score changes your interest rate, how to improve it, and how to check your report.
CreditHow to fix an error on your credit report: the dispute steps and deadline
Found a wrong account or late payment on your CIBIL, Experian, Equifax or CRIF report? The steps to raise a dispute, the 30-day limit and the ₹100 a day compensation.
CreditFree credit report in India: how to get one from every bureau
You can get one free full credit report each calendar year from each credit bureau in India. How to ask, what to check and why to read all four before a home loan.
CreditMissed a home loan EMI? What happens next and what to do
A missed EMI brings a late charge and a mark on your credit report. What changes after 30, 60 and 90 days and the steps that protect your score and home.
CreditHow credit card use and loan enquiries affect your home loan approval
High card balances and many loan applications can lower your credit score right before you apply for a home loan. What lenders see and the steps to take first.
Rules
Is there a prepayment charge on a floating-rate home loan?
RBI bars prepayment charges on floating-rate loans to individuals sanctioned or renewed from 1 January 2026. What it covers, what it does not, and what to check.
RulesPMAY 2.0 home loan interest subsidy: who can get it and how much
What the PMAY-U 2.0 interest subsidy offers on a home loan: the income groups, loan and property limits, how much you can get and how to check if you qualify.
RulesHome loan processing fee and other charges to check before you sign
Every charge that can sit on a home loan, from processing and legal fees to rate-change fees and late charges, where to find them in your KFS and which to waive.
RulesClosing your home loan: foreclosure steps and getting your documents back
How to close a home loan early: get the foreclosure amount, pay it, and collect the no-dues letter and original papers. The RBI 30-day limit and what to check.
RulesIs home loan insurance mandatory? Term cover vs loan protection
Home loan insurance is not required by RBI or the insurance regulator, though a lender may ask for it. What it covers, term plan vs loan protection and how to compare.
RulesLoan-to-value (LTV) and down payment: how much you must put in
RBI caps a home loan at 90%, 80% or 75% of the property value depending on loan size. What that means for your down payment, with a table for common prices.
Switching
Home loan balance transfer: the documents checklist
The papers a new lender usually asks for when you move a home loan, the ones you must get from your current lender, and the order to collect them in.
SwitchingHow to move your home loan from MCLR to a repo-linked rate
If your home loan is still on MCLR or an older benchmark, you can ask your lender to move it to a repo-linked rate. How to check, ask, what it may cost and the options.
Eligibility
How much home loan can you get on a ₹30,000 monthly income?
Home loan eligibility on a ₹30,000 monthly income: the loan size for 20, 25 and 30 years, how existing EMIs cut it and what to do to qualify for more.
EligibilityHow much home loan can you get on a ₹50,000 monthly income?
Home loan eligibility on a ₹50,000 monthly income: the loan size for 20, 25 and 30 years, how existing EMIs cut it and what to do to qualify for more.
EligibilityHow much home loan can you get on a ₹75,000 monthly income?
Home loan eligibility on a ₹75,000 monthly income: the loan size for 20, 25 and 30 years, how existing EMIs cut it and what to do to qualify for more.
EligibilityHow much home loan can you get on a ₹1 lakh monthly income?
Home loan eligibility on a ₹1 lakh monthly income: the loan size for 20, 25 and 30 years, how existing EMIs cut it and what to do to qualify for more.
EligibilityHow much home loan can you get on a ₹2 lakh monthly income?
Home loan eligibility on a ₹2 lakh monthly income: the loan size for 20, 25 and 30 years, how existing EMIs cut it and what to do to qualify for more.
EligibilityHome loan eligibility: how banks decide how much to lend you
The checks lenders run before approving a home loan: income and FOIR, credit score, age, job and property. A worked example and what to fix before you apply.
EligibilityHome loan for self-employed: eligibility, documents and how lenders read your income
How lenders assess a self-employed borrower: which income they count, the papers they ask for, typical hurdles and the steps that improve your chance of approval.
EligibilityJoint home loan: benefits, risks and how it affects eligibility and tax
What changes when two people take a home loan together: a bigger eligible loan, shared responsibility for repayment, effects on both credit reports and the tax rules.
Lenders
SBI home loan interest rate: range, fees and how to get the lowest
SBI home loan rates 7.50% to 8.45%, with the fees we found, what the range costs on a ₹50 lakh loan and how to get a rate near the bottom of it.
LendersHDFC Bank home loan interest rate: range, fees and how to get the lowest
HDFC Bank home loan rates 8.00% to 13.45%, with the fees we found, what the range costs on a ₹50 lakh loan and how to get a rate near the bottom of it.
LendersICICI Bank home loan interest rate: range, fees and how to get the lowest
ICICI Bank home loan rates 8.75% to 10.05%, with the fees we found, what the range costs on a ₹50 lakh loan and how to get a rate near the bottom of it.
LendersAxis Bank home loan interest rate: range, fees and how to get the lowest
Axis Bank home loan rates 8.20% to 9.10%, with the fees we found, what the range costs on a ₹50 lakh loan and how to get a rate near the bottom of it.
LendersBank of Baroda home loan interest rate: range, fees and how to get the lowest
Bank of Baroda home loan rates 7.20% to 8.95%, with the fees we found, what the range costs on a ₹50 lakh loan and how to get a rate near the bottom of it.
LendersPNB home loan interest rate: range, fees and how to get the lowest
PNB home loan rates 7.45% to 9.85%, with the fees we found, what the range costs on a ₹50 lakh loan and how to get a rate near the bottom of it.
LendersKotak home loan interest rate: range, fees and how to get the lowest
Kotak home loan rates from 7.60%, with the fees we found, what the range costs on a ₹50 lakh loan and how to get a rate near the bottom of it.
LendersLIC Housing Finance home loan interest rate: range, fees and how to get the lowest
LIC Housing Finance home loan rates from 7.25%, with the fees we found, what the range costs on a ₹50 lakh loan and how to get a rate near the bottom of it.
LendersBajaj Housing Finance home loan interest rate: range, fees and how to get the lowest
Bajaj Housing Finance home loan rates 7.50% to 10.65%, with the fees we found, what the range costs on a ₹50 lakh loan and how to get a rate near the bottom of it.