Securing a home loan as a salaried employee is streamlined with the right guidance. It requires understanding your salary-based eligibility, borrowing capacity, and documentation. We help you navigate the top lenders in India for the best possible interest rates and terms.
| Floating Rates | 7.50% – 8.50% p.a. |
| Fixed Rates | 8.50% – 9.50% p.a. |
| Age Limit | 21 – 65 Years |
| Max LTV Ratio | Up to 90% |
| Processing Fee | 0.25% – 0.50% |
Before applying, use our EMI calculator to estimate your monthly payments. This helps in choosing the right tenure and loan amount without over-leveraging your monthly income.
Try EMI Calculator| Bank / HFC | Interest Rate | Tenure |
|---|---|---|
| HDFC Bank | 7.50% p.a. onwards | 30 years |
| SBI | 7.50% p.a. onwards | 30 years |
| ICICI Bank | 8.00% p.a. onwards | 30 years |
| Bajaj HFL | 7.49% p.a. onwards | 40 years |
| Kotak Mahindra | 7.99% p.a. onwards | 25 years |
| LIC HFL | 8.00% p.a. onwards | 30 years |
| Punjab National Bank | 8.45% p.a. onwards | 30 years |
| Bank of Baroda | 8.40% p.a. onwards | 30 years |
| IDBI | 7.75% p.a. onwards | 30 years |
| Tata Capital | 8.75% p.a. onwards | 30 years |
| Canara Bank | 7.50% p.a. onwards | 30 years |
| Bank of India | 7.85% p.a. onwards | 30 years |
| Karur Vysya Bank | 8.45% p.a. onwards | 30 years |
| Nationality | Resident Indian / NRI |
| Age Brackets | 23 – 60 Years |
| Job Profile | PVT, PSU, LLP, Proprietor |
| Current Stability | Min 1 Year at present co. |
| Total Experience | Min 2 Years Experience |
| Monthly Salary | Min ₹25,000 threshold |
| Credit Score | 750+ score preferred |
| Bank | Fee Range |
|---|---|
| SBI | 0.35% (₹2,000 - ₹10,000) |
| HDFC Bank | 0.50% or ₹3,300 min |
| ICICI Bank | 0.50% + GST |
| Axis Bank | Up to 1.00% or ₹10,000 |
| Kotak Mahindra | 0.50% of Loan Amount |
| PNB | 0.35% (max ₹15,000) |
| BOB | Up to 0.50% of loan |
| BOI | Up to 0.25% (max ₹20,000) |
Salaried NRIs require these supplemental documents:
| Document Type | Required Documents |
|---|---|
| ID & Address | PAN Card, Passport, Driving License, Voter ID, Utility Bills. |
| Age Proof | PAN, Passport, Birth Cert, or 10th Marksheet. |
| Financials | 6 Months Salary Account statement + 3 Months Salary Slips. |
| Employment | Appointment Letter, increment letters, or Employee ID card. |
| Taxation | Form 16 and ITR for the last 2 financial years. |
| Property | Sale Deed, Agreement, NOC, Approved Plan & Valuation report. |
| Over-borrowing | Maintain a buffer and keep debt ratio low. |
| Fine Print | Check rate reset clauses & penalty charges. |
| Hidden Costs | Factor in legal, insurance & valuation fees. |
For salaried professionals, a home loan is the easiest path to property ownership. By understanding eligibility and comparing rates, you can choose the best offer today.
Contact Myloansto optimize your loan package and start your home ownership journey.