Home Loan for Salaried

A salaried home loan is the cheapest long-term borrowing available to most families in India. Your house is the security, so the lender takes far less risk and charges far less interest than on an unsecured loan.

How much you can get

Lenders fund up to 90% of the property value for loans up to ₹30 lakh, up to 80% between ₹30 lakh and ₹75 lakh, and up to 75% above that. The rest is your down payment, and it must come from your own funds.

The amount also depends on your income. Most lenders cap total EMIs at 50% to 60% of your monthly take-home pay. If you already run a car loan or a personal loan, that eats into what you can borrow here.

What decides your rate

Almost every bank now links the home loan rate to the repo rate, which means your EMI moves when the RBI moves. Within that, your exact rate depends on your credit score, your employer category and the loan-to-value ratio. A score above 750 usually earns the best published rate.

The tax side

Under the old tax regime you can claim up to ₹1.5 lakh of principal under Section 80C and up to ₹2 lakh of interest under Section 24(b) on a self-occupied house. Our home loan tax benefit calculator works out what that is worth to you.

Where we help

We check your eligibility before you apply anywhere, so you do not collect rejections. We tell you which lenders are comfortable with your employer, your property and your paperwork, and we chase the file through sanction and disbursal.