Home Loan in India 2025 – Eligibility, Interest Rates, EMI & Documents Guide

Home Loan in India 2025. Buying a home is a dream for millions of people in India, and a Home Loan makes that dream easier to achieve. Almost every major bank and NBFC in India provides home loans with flexible EMI plans and competitive interest rates. In this blog, you will learn everything about home loans – eligibility, documents, interest rates, and application process.

✅ What is a Home Loan?- Home Loan in India 2025

A home loan is a secured loan taken from a bank or NBFC to purchase, build or renovate a house. The property acts as collateral until the loan is fully repaid. Home loans come with long repayment tenure of up to 30 years, making them affordable for salaried and self-employed individuals.

✅ Key Features of Home Loans

Feature	Details
Loan Amount	Up to ₹5 Crore (Depends on bank)
Interest Rates	8.40% to 10.75% per annum
Loan Tenure	Up to 30 years
Processing Fee	0.25% to 1% of loan amount
Minimum Salary	₹15,000 to ₹25,000/month
Security	Property Mortgage

✅ Types of Home Loans

Home Purchase Loan – For buying a new or resale house.
Home Construction Loan – For building a home on own land.
Home Improvement Loan – For renovation or repair.
Balance Transfer Loan – Transfer loan to another bank at lower interest.
Plot Loan – For purchasing residential land.

✅ Home Loan Eligibility in India

To get loan approval, you must meet certain criteria:

For Salaried Employees

Age: 21–60 years
Minimum monthly income: ₹15,000+
Employment: Minimum 1–2 years job history
CIBIL Score: 700+
Indian Resident or NRI

For Self-employed

Age: 21–65 years
Minimum business experience: 2 years+
Minimum annual income: ₹2.5 lakh+
CIBIL Score: 700+

✅ Documents Required for Home Loan

Document Type	Examples
Identity Proof	Aadhaar Card, PAN Card, Passport
Address Proof	Electricity Bill, Aadhaar, Rent Agreement
Income Proof	Salary Slips, ITR, Bank Statements
Property Papers	Sale Agreement, NOC, Property Tax Receipt
Photographs	Passport Size Photos