Do you want your own happy home. Paisewaala that keep you flexible. As the home loan market is crowded, finding the best home loan offer can be challenging. At Paisewaala, we help you compare, select and apply for the best home loan rates from India’s top Banks and Housing Finance Companies (HFCs).

Documents required for loan

Some of the common documents required for getting a home loan are:
  • Application form
  • 3 Passport size Photograph
  • Age proof
  • Aadhar card / Passport/ Driver’s License/ Voter ID card
  • Income proof
  • Bank statement
  • Proof of Residence/ Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Water Bill
  • Employer Identity Card

Benefits of Home Loan:

Home loan benefits vary across different lenders and loan schemes. Some of the common home loan features ones are listed below:

Lower Interest Rates: A home loan is a long-term commitment, thus, interest rates play an important role in deciding not only the loan amount, but also the tenure of repayment.
Annual Tax Benefits: The government offers several tax benefits on home loan. An individual can claim a total tax deduction of about Rs. 5 lakh on the principal and interest components of your housing loan (under section 80C, 24b and 80EEA).
Flexible Loan Tenure: Since the tenure is long, lenders provide their borrowers with the option to prepay or foreclose their outstanding amount whenever they are in a condition to do so.
Easy Balance Transfer Facility: Home loan balance transfer is a facility in which the outstanding loan amount with one lender can be transferred to another lender, which offers a lower interest rate or better loan terms. The new lender pays off the entire outstanding loan amount to the previous lender. After this, the borrower pays the EMIs at the new rate to the new lender.
Interest charges on Daily Reducing Balance
Interest Concession as per CIBIL score
Income base Home Loan Approval
Interest Concession for Women Borrowers
Check your eligibility: It differs across lending institutions and loan schemes. Some of the factors that influence home loan eligibility include age, repayment capacity, work experience and credit score. A common set of housing loan eligibility criteria is given below.


Individuals who can take a Home Loan:

To apply for a Business Loan, we need the following documents:
  • Resident Type: Resident Indian
  • Age Limit: Minimum 18 years and Maximum 70 years
  • Extended Loan Tenure. Up to 30 Year
  • Public or Private Salaried Employees
  • Public or Private Salaried Employees
  • At least 2 years of work experience
  • At least 3 years of Business Continuity
  • Government sector employees including
  • Minimum age of 18 years
  • Maximum age of 70 years at the time of maturity of the Personal Loan
  • Minimum net monthly income – Rs. 25,000(varies across lenders & locations)
  • Up to 90% of property’s value

Frequently Asked Questions

• The actual purpose of the house loan, such as the purchase of a new ready-to-move-in home or any resale property.
• Eligible for the largest home loan possible
• Interest rate and EMI flexibility
• Lower home loan processing fees
• Pre-payment and pre-closure costs are subject to a special reduction.
• Customer experience comparison and multiple options from prior customers

Yes, you can take advantage of.You can get a home loan for Property Improvement Loans, Home Extension Loans, Home Conversion Loans, and Home Construction Loans in addition to purchasing a home.

Yes, in addition to the cost of the home, there are costs such as government registration fees, transfer fees, and stamp duty.

Yes, having a co-borrower is beneficial. As the income of the co-applicant is also taken into account, this might easily increase the loan amount you are eligible for. There is no need to offer extra collateral such as bonds, fixed deposits, or LIC insurance to improve eligibility.

In the financial sector, an EMI is essentially a method of making monthly loan repayments. The EMI (Equated Monthly Installment) is the fixed sum that is paid back to the Finance Company on a monthly basis. It is divided into two parts: one is the principal amount piece, and the other is the interest portion on the principal amount, which is evenly distributed over each month until the conclusion of the last tenure month. The loan payments are always paid to the bank or lender on a set date each month until the total amount owed is paid off during the term.

Yes, tax deductions under Section 80C and Section 24 of the Indian Income Tax Act are capped at 1 lakh for the capital repaid and 1.5 lakh for the interest repaid on the entire loan.

Customers can choose a loan period that suits them best, ranging from one year to twenty-five years, as long as the term does not exceed 65 years of age or retirement age, whichever comes first.

No, Paisewaale’s services come to you totally free of cost

Paisewaale will never share your information data with any third party other than the financial institution that you decide to apply to. Our fare technology practices ensure a highly secure environment.

Once your application is electronically submitted on Paisewaale; we will verify and send it securely to the financial institution as per your choice. This Bank/financial institution will then get in contact with you directly to take the process forward. will also keep you updated on the status of your application via email and SMS alerts.

Our partners from across the industry

Bank Name Rate of Interest Processing Fees Loan Amount Tenure Range
Bank of Baroda 8.15% - 9.50% NIL Rs. 10cr Max 1-30 Years
Bank of Baroda Maharashtra 8.35% - 9.50% NIL Rs. 10cr Max 1-30 Years
UCO Bank 8.05% - 9.10% NIL Rs. 5cr Max 1-30 Years
SBI Bank 8.5% - 9.30% NIL Rs. 10cr Max 1-30 Years
Andhra Bank 8.25% - 9.50% 0.35% + GST Rs. 8cr Max 1-30 Years
IDBI Bank 8.35% - 9.25% NIL Rs. 8cr Max 1-30 Years
HDFC Bank 8.15% - 9.90% 0.50% + GST Rs. 10cr Max 1-30 Years
ICICI Bank 9.00% - 10.50% 0.50% + GST Rs. 10cr Max 1-30 Years
Equitas Bank 10.50% - 12.50% 1% + GST Rs. 25 Max 1-20 Years
LIC HFL 8.90% - 9.25% Rs. 5900/- Rs. 10cr Max 1-25 Years
TATA Capital 8.10% - 9.15% Rs. 5900/- Rs.5cr Max 1-30 Years
Gruh Finance 8.35% - 11.00% 0.50% + GST Rs.2cr Max 1-30 Years
OC HFL 8.85% - 9.75% 3.50% + GST Rs.25lac Max 1-20 Years
BAJAJ Fineserv 9.20% - 12.50% 1.50% + GST Rs. 75lac Max 1-20 Years
ASPIRE Home Finance 12.50% - 14.50% 2.50% + GST Rs. 25lac Max 1-20 Years
Shubham Finance Company 12.50% - 16.50% 2.50% + GST Rs. 25lac Max 1-25 Years
Mahindra Home Finance 10.50% - 15.50% 3.50% + GST Rs. 25lac Max 1-25 Years
Aadhar housing finance 10.80% - 13.75% 3.50% + GST Rs. 25lac Max 1-25 Years
Financial Services Ltd 12.50% - 16.50% 3.50% + GST Rs. 20lac Max 1-20 Years
Shriram housing finance 10.50% - 12.50% 2.50% + GST Rs.5cr Max 1-30 Years
AXIS Bank 8.40% - 9.15% 1.50% + GST Rs.5cr Max 1-30 Years
C-NTRUM Home Loans 11.50% - 14.50 1% + GST Rs.40cr Max 1-20 Years
HindusInd Bank 8.70% - 9.15% 2.50% + GST Rs.2cr Max 1-30 Years
pnb Housing 8.85% - 11.75% 0.50% + GST Rs.5cr Max 1-30 Years
CanFin Homes 8.85% - 10.75% 1% + GST Rs.5cr Max 1-30 Years
EdelWeiss 8.70% - 9.95% 1.50% + GST Rs.1cr Max 1-25 Years
L&T Finance Home Loan 8.70% - 9.15% 2.50% + GST Rs.251cr Max 1-25 Years
RELIGARE 8.80% - 9.45% 2.50% + GST Rs.501cr Max 1-25 Years