Why Getting the Home Loan Right Matters
Most buyers spend months choosing the right flat and days choosing their loan. A wrong rate costs you lakhs over 20 years. A wrong bank has higher processing fees and inflexible prepayment terms. This guide helps you get both right.
Understand Your Eligibility
Banks lend 75–90% of property value. Eligibility depends on take-home salary, existing EMIs, CIBIL score (aim for 750+) and age. Rule of thumb: banks sanction ~50–60x net monthly salary. ₹1,00,000/month take-home = ₹50–60 lakhs eligible.
Indicative Bank Rates (2025)
| Bank | Indicative Rate | Processing Fee |
|---|---|---|
| SBI | 8.50%–9.50% | 0.35% max ₹10,000 |
| HDFC | 8.75%–9.75% | 0.5%+GST |
| ICICI | 8.75%–9.75% | 0.5%–1% |
| Kotak | 8.75%–9.50% | 0.5% |
Verify current rates directly with banks before applying.
Documents Required
- PAN + Aadhaar
- Last 3 months' salary slips
- Last 6 months' bank statements
- Form 16 or 2 years' ITR
- Employment letter
- Property docs: Agreement to Sell, RERA certificate (PR1261012601027)
EMI Quick Reference at 9% Rate
| Loan | 20 Years | 25 Years |
|---|---|---|
| ₹40L | ~₹35,989/mo | ~₹33,587/mo |
| ₹60L | ~₹53,984/mo | ~₹50,380/mo |
| ₹80L | ~₹71,978/mo | ~₹67,174/mo |
Key Tips
- Check CIBIL before applying — fix errors first
- Don't apply to multiple banks simultaneously — hard enquiries hurt your score
- Negotiate processing fees — good profiles get waivers
- Compare total cost: rate + fee + prepayment charges
The Titan Towers (RERA: PR1261012601027) is pre-approved by major banks. Contact: +91 7517 9999 44.
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RERA: PR1261012601027 · Near Bishop's School · Undri, Pune