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Indian residents, NRIs, and Persons of Indian Origin (PIOs) with a stable income source can apply. Salaried, self-employed, and business professionals are eligible based on their income and credit profile.
Loan amounts depend on income, repayment capacity, and property value. Most banks offer up to *75%-90%* of the property's value, subject to eligibility.
Home loan tenures generally range from *5 to 30 years*, depending on the borrower’s age, income, and lender policies.
Interest rates depend on credit score, loan amount, employment type, and RBI repo rate changes. PSU banks often offer lower rates for salaried individuals.
Yes, home loans can be prepaid. Floating-rate loans* from banks have no prepayment charges, while fixed-rate loans may have some penalties.