HOME LOAN

Buy Your Dream Home at India's Best Rates

Compare home loans from 25+ banks — SBI, HDFC, ICICI, Axis. Get the lowest rate, fastest approval, zero broker fees.

8.5%

From p.a.

₹1 Cr

Max Loan

5–7 Days

Disbursal

Home Loan Snapshot

Loan Amount₹65 Lakhs

Interest Rate8.5% p.a.

Monthly EMI₹56,200/mo

Tenure20 Years

Saving vs. Market₹1.4 Lakhs

Processing Fee₹0 (Waived)

KEY FEATURES

Why Get Your Home Loan Through FinGarage?

Rate Comparison Across 25+ Lenders

We compare offers from SBI, HDFC, ICICI, Axis, Kotak, LIC Housing and 20+ more banks and NBFCs to find you the absolute lowest rate available.

Balance Transfer Option

Already have a home loan at a higher rate? We help you transfer it to a lender with a better rate and potentially save lakhs over the remaining tenure.

No Prepayment Penalty

All floating-rate home loans we facilitate have zero prepayment penalty as per RBI guidelines. Pay off early and save interest without any charges.

Part-Payment from Month 1

Make part payments anytime after the first EMI to reduce your outstanding principal and bring down the overall interest burden significantly.

Joint Applicant Option

Include your spouse or co-applicant to increase eligibility, avail higher loan amounts, and both enjoy income tax benefits under Section 80C and 24(b).

Free Sanction Letter Review

Received a sanction letter? Our experts review it for hidden charges, unfair clauses, and rate traps — completely free before you sign anything.

ELIGIBILITY

Who Can Apply?

Home loans are available for salaried professionals, self-employed individuals, and NRIs. Here are the general eligibility criteria:

✓Salaried or self-employed Indian resident / NRI aged 21–65 years
✓Minimum monthly income of ₹25,000 (salaried) or ₹3L annual income (self-employed)
✓CIBIL credit score of 700 or above (higher score = better rate)
✓Property located in a bank-approved city or approved project list
✓Minimum 6 months of continuous employment (salaried applicants)
✓ITR filed for at least 2 consecutive years (self-employed applicants)

Documents Required

✓Aadhaar Card & PAN Card (identity proof)
✓Last 3 months' salary slips (salaried applicants)
✓ITR / Form 16 for last 2 years
✓Bank account statements for last 6 months
✓Property documents — sale deed / agreement to sell
✓Recent passport-size photograph

THE PROCESS

How It Works

Share Your Requirement

Tell us your property value, required loan amount, location, and income details. Our advisor will understand your full financial picture.

Compare Bank Offers

We present you tailored home loan offers from 25+ partner banks sorted by rate, EMI, and total cost — all in one place for easy comparison.

Submit Documents Online

Upload your KYC, income, and property documents through our secure portal. Our team handles follow-ups with the bank on your behalf.

Get Disbursed

Loan amount is disbursed to the seller/builder directly after approval. Most disbursals happen within 5–7 working days of document submission.

Frequently Asked Questions

What is the minimum CIBIL score required for a home loan?

Most banks require a CIBIL score of 700 or above for home loan approval. A score of 750+ gives you access to the best interest rates. Scores between 650–700 may still get approved with certain NBFCs but at slightly higher rates. We help you understand your credit profile and choose the right lender accordingly.

What are the benefits of applying for a joint home loan?

A joint home loan with your spouse or family member increases your combined income eligibility, allowing you to borrow a higher amount. Both co-applicants can claim income tax deductions — up to ₹1.5L under Section 80C for principal repayment and up to ₹2L under Section 24(b) for interest paid — effectively doubling the tax benefit.

How long does home loan approval typically take?

With complete documentation, in-principle approval can come within 24–48 hours. Final sanction after property legal and technical verification takes 3–5 working days. Disbursal happens within 5–7 working days of final approval. Delays usually occur due to incomplete documents or property legal issues.

Can I transfer my existing home loan to a lower rate?

Yes, home loan balance transfer is a great option if your current lender is charging more than market rate. We compare your existing loan against current offers and calculate the net saving after considering transfer fees, processing charges, and remaining tenure. If the saving is meaningful, we facilitate the entire transfer process for you.

What is the typical processing fee for a home loan?

Processing fees vary from 0% to 0.5% of the loan amount depending on the bank and the loan scheme. During festive offers, many banks waive processing fees entirely. We negotiate on your behalf and often secure fee waivers or significant reductions as part of the package for our clients.