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Home Loan

11.29%

Rate of Interest
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About Home Loan

Home loan is a long term loan and it is important to estimate the EMI and interest on your loan before applying for one. You can calculate home loan interest rate using two methods:

The another way to calculate the interest and EMI on home loan is using mathematical algorithm based on the formula, P x R x (1+R)^N]/[(1+R)^ (N-1). Here unit P is the principal amount, r is the rate of interest and n is tenure. Though the same formula can be used to drive a mathematical calculation yet using the online calculator is better, as it gives reliable results in no-time. These calculators are available at various online platforms, such as MyLoanCare.

EMI Calculator :- With the help of an EMI calculator, you can check the amount of EMI that you can comfortably service. To calculate the EMI, you have to enter following details: Home loan amount | Interest rate | Loan tenure You can also change the details to check the EMI for different amounts or tenure.

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Now apply for a home Loan online, All you need to do is provide your details below application form.

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Top Nationalized Banks For Home Loan

Interest Rate

6.70%

Max Tenure

30 Years

Processing Fee

Min ₹ 10,000

Lowest EMI per lakh

₹ 645 per Lakh

  • AGE - Min 18 and Max 70 years for Salaried, Min 18 and Max 70 years for Self Employed
Apply now More Informations
Interest Rate

6.70%

Max Tenure

30 years

Processing Fee

Max ₹ 10,000

Lowest EMI per lakh

₹ 645 per lakh

  • AGE - Min 24 and Max 65 years for Salaried, Min 24 and Max 65 years for Self Employed
Apply now More Informations
Interest Rate

6.65%

Max Tenure

25 years

Processing Fee

NIL

Lowest EMI per lakh

₹ 685 per lakh

  • AGE - Min 23 and Max 65 years for Salaried, Min 23 and Max 65 years for Self Employed
Apply now More Informations
Interest Rate

6.75%

Max Tenure

30 years

Processing Fee

Min ₹ 10,000

Lowest EMI per lakh

₹ 649 per lakh

  • AGE - Min 24 and Max 65 years for Salaried, Min 24 and Max 65 years for Self Employed
Apply now More Informations
Interest Rate

10.24%

Max Tenure

20 years

Processing Fee

Upto 2.00% Min ₹ 5,000

Lowest EMI per lakh

₹ 981 per lakh

  • AGE - Min 21 and Max 65 years for Salaried, Min 21 and Max 65 years for Self Employed
Apply now More Informations
Interest Rate

7.35%

Max Tenure

30 years

Processing Fee

Upto 0.35% Min ₹ 2,500 Max ₹ 15,000

Lowest EMI per lakh

₹ 689 per lakh

  • AGE - Min 21 and Max 65 years for Salaried, Min 21 and Max 65 years for Self Employed
Apply now More Informations
Interest Rate

6.75%

Max Tenure

30 years

Processing Fee

Min ₹ 3,000

Lowest EMI per lakh

₹ 649 per lakh

  • AGE - Min 21 and Max 65 years for Salaried, Min 21 and Max 65 years for Self Employed
Apply now More Informations
Interest Rate

6.70%

Max Tenure

20 years

Processing Fee

Min ₹ 10,000

Lowest EMI per lakh

₹ 645 per lakh

  • AGE - Min 18 and Max 70 years for Salaried, Min 18 and Max 70 years for Self Employed
Apply now More Informations
Interest Rate

6.65%

Max Tenure

20 years

Processing Fee

Max ₹ 10,000

Lowest EMI per lakh

₹ 754 per lakh

  • AGE - Min 21 and Max 65 years for Salaried, Min 21 and Max 65 years for Self Employed
Apply now More Informations
Interest Rate

6.90%

Max Tenure

30 years

Processing Fee

Min ₹ 10,000 Max ₹ 15,000

Lowest EMI per lakh

₹ 659 per lakh

  • AGE - Min 21 and Max 65 years for Salaried, Min 21 and Max 65 years for Self Employed
Apply now More Informations
Interest Rate

8.45%

Max Tenure

30 years

Processing Fee

Upto 1.25%

Lowest EMI per lakh

₹ 765 per lakh

  • AGE - Min 18 and Max 70 years for Salaried, Min 18 and Max 70 years for Self Employed
Apply now More Informations
Interest Rate

8.65%

Max Tenure

25 years

Processing Fee

Upto 1%

Lowest EMI per lakh

₹ 815 per lakh

  • AGE - Min 23 and Max 60 years for Salaried, Min 23 and Max 70 years for Self Employed
Apply now More Informations
Interest Rate

6.90%

Max Tenure

30 years

Processing Fee

Min ₹ 999

Lowest EMI per lakh

₹ 659 per lakh

  • AGE - Min 24 and Max 60 years for Salaried, Min 24 and Max 65 years for Self Employed
Apply now More Informations
Interest Rate

6.75%

Max Tenure

30 years

Processing Fee

Min ₹ 10,030

Lowest EMI per lakh

₹ 649 per lakh

  • AGE - Min 21 and Max 60 years for Salaried, Min 21 and Max 65 years for Self Employed
Apply now More Informations
Interest Rate

7.30%

Max Tenure

20 years

Processing Fee

Max ₹ 10,000

Lowest EMI per lakh

₹ 793 per lakh

  • Age - Min 21 and Max 60 years for Salaried, Min 21 and Max 60 years for Self Employed
Apply now More Informations
Interest Rate

6.75%

Max Tenure

20 years

Processing Fee

Upto .35%

Lowest EMI per lakh

₹ 760 per lakh

  • AGE - Min 25 and Max 70 years for Salaried, Min 25 and Max 70 years for Self Employed
Apply now More Informations

Calculate Your Home Loan EMI Online

Loan Amount is 30000
No. of Month is 30
Rate of Interest [ROI] is 10
Monthly EMI

Total Interest

Payable Amount

Interest Percentage

How is Home Loan Interest Rate Calculated?

Effective Interest rate=Base rate/External benchmark rate + Markup. In case of HFCs or NBFCs, the rate is linked with PLR and effective rate = PLR – Markup.

Base rate

Base rate is the standard lending rate decided by the lender for the lending of all retail products. The base rate is revised by the home loan lender from time to time.

Markup or spread

Markup or spread is the margin added by home loan lenders over and above the base rate. The Markup or spread may vary across home loan schemes.

External benchmark

As per RBI’s directives, lenders are bound to offer home loans linked to any of the external benchmarks such as RBI’s repo rate or three-month treasury bill rate, among others. The change in the external benchmark rate leads to a change in the home loan interest rate.

PLR

PLR or Prime Lending Rate is the internal benchmark of housing finance companies or NBFCs which they use to offer home loan at floating or fixed rates.

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Factors that Affect Home Loan Interest Rate

Home loan interest rate is decided by the lender in accordance with the required terms and conditions to determine the home loan rate. However, there are certain factors taken into consideration to offer a home loan interest rate. These are listed as follows

Interest rate type

The type of interest rate is distinguished into two-fixed and floating. In general, fixed home loan interest rate is higher than floating home loan interest rate.

Choose your amount

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Enjoy the best rates

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Basic Eligibility Criteria
✓
Good Credit Score
✓
Above 21 Years of Age
✓
Salaried Professional
✓
Resident of India
✓
Valid Bank Account
✓
PAN Card & Voter ID / Driving License
✓
Bank Statements – Last 3 Months
✓
Salary Slip – Last 3 Months

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

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Why Choose Emax Loans?

End-to-End Consultation

We understand your requirements and guide you at every step.

Documentation Support

We help prepare and organize all required paperwork.

Profile Evaluation

We analyze your profile to identify suitable lenders.

Bank & NBFC Coordination

We handle communication with banks and NBFCs.

Faster Processing

We reduce unnecessary delays and speed up approvals.

Better Approval Chances

We apply strategically to improve your approval success rate.

Emax Loans is online Loan Solution portal where Customer can easily apply for various types of Loans and other financial products as per their requirements. We match your requirements with best banks and provide best services. Emax Loans provides quick and hassle free services.

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