Overview: Home Loan
A home loan helps you finance the purchase or construction of a residential property. It is typically a long-tenure secured loan.
A Home Loan through PSBLOAN connects eligible Indian borrowers with participating institutional banks and NBFCs. Approvals depend on regular income, credit history (target 750+ CIBIL), and allowable debt-to-income obligations (FOIR). Borrowers can check pre-qualification online or request assisted doorstep documentation guidance across serviceable pincodes.
Who Can Apply
- Salaried or self-employed individuals
- Minimum age: 21 years
- Property must meet lender criteria
- Acceptable credit history
- Adequate income to support EMI
Key Benefits
- Long repayment tenure
- Tax benefits under applicable sections
- Competitive interest rates
- High loan amounts available
Required Documents
- Identity proof (Aadhaar, PAN)
- Address proof
- Income proof (salary slips / ITR / Form 16)
- Bank statements (last 6–12 months)
- Property documents
- Property valuation report
- Builder/seller documents
Application Process
- Check your eligibility online
- Get matched with suitable lenders
- Submit required documents
- Application reviewed by lender
- Receive sanction letter from lender
- Complete agreement formalities
- Disbursement by lender
Indicative Lender Benchmarks & Terms
Indicative rate ranges across participating institutional lender categories in India:
| Lender Category | Indicative APR Bracket* | Processing Fee | Max Tenure |
|---|---|---|---|
| Public Sector Banks | Competitive benchmark rates | 0.5% – 1.0% | Up to max tenure |
| Private Sector Banks | Risk-adjusted pricing | 1.0% – 2.5% | Flexible options |
| Leading NBFCs / HFCs | Flexible underwriting | 1.5% – 3.0% | Customized repayment |
*Source: Industry standard lending policies as of September 2026. Rates and fees vary based on applicant credit score, income stability, employer category, and lender underwriting policies. Subject to lender terms.
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Frequently Asked Questions
A home loan is a secured loan where the property being purchased serves as collateral. It enables you to buy or build a home.
Home loans can have tenure up to 30 years, depending on the lender and borrower profile.
Yes, home loan borrowers may avail tax benefits under applicable sections of the Income Tax Act. Please consult a tax advisor for specifics.
Charges vary by lender and may include processing fees, legal/technical charges, and applicable stamp duty/registration costs.