Make Your Dream Home Affordable.
A home loan is a long-term secured loan from a bank or housing finance company that helps you purchase, construct or renovate a home. The property is mortgaged to the lender until the loan is fully repaid.
Key Points to Understand
- Eligibility — Depends on income, age, existing obligations, credit score and property details.
- Interest Rate — Fixed, floating or a combination, often linked to the lender's benchmark.
- Tenure & EMI — A longer tenure reduces the EMI but increases the total interest paid.
- Charges — Processing fee, valuation and legal charges and prepayment terms, as applicable.
- Documentation — Identity, address, income and property documents as required by the lender.
Borrow Responsibly
- Keep your EMIs within a comfortable share of your income
- Maintain an emergency fund before taking on a long-term loan
- Compare offers from more than one lender
- Understand part-payment and prepayment options
- Consider adequate life cover so that your family is not burdened by the loan
- Tax benefits on home loans may be available under applicable provisions of the Income Tax Act
How VALUE ADDITION Helps
We help you understand your eligibility, compare offers and get assistance with documentation and the application process. The decision to sanction a loan rests entirely with the lender.
Important note
Loans are offered by banks and financial institutions. Eligibility, interest rate, fees, tenure and approval are decided solely by the lending institution and may change over time. Borrow only what you can comfortably repay and read all loan terms and charges carefully before signing. This page is general information, not a loan offer.