Buying a home is the biggest financial decision most people make. Here is your complete guide to home loans in 2025.
Eligibility - Most banks offer loans to salaried and self-employed individuals aged 21-65. Your eligibility is typically 60x your monthly take-home salary.
Interest Rates - Home loan rates range from 8.5% to 9.5% per annum. A CIBIL score above 750 gets you the best rates.
Documents Required
- Identity proof (Aadhaar, PAN)
- Income proof (3 months salary slips, 2 years ITR)
- Bank statements (6 months)
- Property documents
Pro Tips
1. Compare at least 5 lenders
2. Negotiate the processing fee
3. Make part prepayments to reduce tenure
