Home Loan — Buy your dream home
Lower interest rates, long tenure and tax benefits make home loans the preferred route for property purchase.
Home Loan Basics
Home loans are secured loans with the property as collateral and usually lower interest rates than unsecured loans.
Key Points
- Longer tenures reduce EMI but increase interest paid.
- Tax benefits under Section 24 & Section 80C (principal & interest conditions apply).
- Balance transfer can help when rates fall.
Documents
- Income proof, identity & address, property documents, sale agreement.
FAQ
Many lenders allow part-prepayment; check prepayment charges in your loan agreement.
Estimate Your EMI
Quick Tip
Increase down payment to lower loan amount and interest cost significantly.