Your Home Loan - Approved Instantly!*
Choose your desired loan amount
₹ 2,50,000
Assuming annual interest rate 13% and 60 months tenure
Calculated EMI*
₹ 5,688
Serving Millions of Indians as a Reliable Financial Partner Since 2007
Home Loan – Fee Structure
Affordable home finance — essential charges at a glance
| Fee Type | Applicable Charges |
|---|---|
| Interest Rate | Starting from 8.75%* p.a. Based on credit score & tenure |
| Loan Limit | Up to ₹5 Crores* Up to 90% of property value |
| Loan Tenure | 12 to 360 months (1–30 years) Lower EMIs with longer tenure |
| Processing Fee | Up to 1.50% + GST Includes legal & valuation charges |
| Prepayment Charges | 0% to 3%* Nil for floating rate loans |
| Other Charges | INR 1000 + GST (cancellation) INR 500 + GST (cheque dishonour) Late payment: 2% per month |
*Terms apply. Rates from 8.75% p.a. vary by profile. Loan up to ₹5 Cr subject to LTV (90%). Processing fees up to 1.50% + GST. Prepayment Nil for floating rate. Please refer sanction letter.
Home Loan from IndiaKredit
Home Loan from IndiaKredit comes with low interest rates for eligible borrowers. Individuals and families can conveniently apply for a home loan online from the comfort of their homes. With customised solutions and transparent procedures, we have successfully served millions of customers across India.
Here are some key benefits of an IndiaKredit home loan:
Apply for a home loan online with a 100% paperless process.
Get affordable home loans at competitive interest rates, with minimal documentation and flexible repayment tenures up to 30 years.
Use the funds obtained through your home loan for various purposes, such as purchasing a new home, constructing a house, renovating or repairing an existing property, expanding your living space, booking an under-construction property, or even transferring an existing home loan from another lender for better terms.
Lowest interest rates · Long tenure
Home Loan
Benefits & Features
Turn your dream home into reality with IndiaKredit. Enjoy attractive interest rates, flexible repayment options, and a completely transparent home loan process.
Home Loan up to 5 Crore*
Substantial loan amounts to purchase or construct your dream home — up to 90% of property value for eligible borrowers.
Attractive Interest Rates @8.75%* p.a.
Starting at just 8.75%* per annum, our competitive rates make home ownership more affordable with lower EMIs.
Long Tenure up to 30 Years*
Choose flexible repayment tenure from 12 months to 360 months. Longer tenure means lower EMIs and better cash flow management.
100% Paperless Application
Complete your home loan application online with minimal documentation. Quick processing with doorstep document pickup available.
Fast Approval & Disbursal
Get in-principle approval within 48 hours* and quick disbursal once property verification and legal checks are completed.
Tax Benefits on Home Loan
Avail tax deductions up to ₹1.5 Lakh on principal repayment under Section 80C and up to ₹2 Lakh on interest under Section 24(b).
Home Loan Balance Transfer
Transfer your existing home loan to IndiaKredit for lower interest rates, better service, and top-up loan facilities.
Additional Benefits for Existing Customers
Existing customers with strong repayment history may enjoy special concessionary rates, lower processing fees, and faster approvals.
Loyalty privilege
*Terms & conditions apply. Loan amounts up to ₹5 Crore subject to property valuation and eligibility (up to 90% LTV for eligible borrowers). Interest rate starts from 8.75% p.a. and varies based on borrower's credit score, loan amount, tenure, and property type. Tenure up to 30 years (360 months) subject to borrower age and property condition. Tax benefits are as per Income Tax Act, 1961, and subject to change. Special concessionary rates for existing customers offered at company's discretion based on repayment history.
Documents Required for a Home Loan
To apply for a quick home loan online with IndiaKredit, you'll need the following basic documents:
Duly signed and completed application form
Identity proof (such as Aadhaar, Voter ID, or Passport)
Address proof (such as utility bills, Passport, or Aadhaar)
Signature proof (such as PAN Card or Passport)
Mandatory - PAN Card / Form 60
Documents Required for Salaried Individuals
You'll need the following documents to apply for a home loan:
Salary slips for the last 3-6 months
Bank statements for the last 6-12 months (salary account)
Income Tax Returns (ITR) and Form 16 for the last 2-3 years
Employment verification letter (including designation, joining date, and income details)
Job continuity proof (appointment letter / experience letter)
Documents Required for Self-Employed Individuals / Business Owners
You'll need the following documents to apply for a home loan:
Business proof (such as GST registration certificate, trade license, or shop establishment certificate)
Income proof (such as ITR for the last 2-3 years, along with computation of income)
Bank statements for the last 6-12 months (business current account)
Profit & Loss statement and Balance Sheet for the last 2-3 years (audited if applicable)
Property-Related Documents (Mandatory for Home Loan)
Sale agreement / construction agreement
Property title deed / chain of documents (last 30 years)
Encumbrance certificate (EC) for the last 12-30 years
Approved building plan / layout (from local municipal authority)
Allotment letter (for under-construction property from builder)
Occupancy certificate / possession letter (for ready-to-move property)
Tax receipts (property tax, water tax, etc. for last 3 years)
No Objection Certificate (NOC) from society / builder (if applicable)
Khata certificate / extract (for properties in Karnataka or as applicable)
Additional Documents (if applicable)
Existing home loan statements (for balance transfer or top-up)
Co-applicant / guarantor KYC and income documents (if any)
Rental agreement (if property is currently rented out)
Power of Attorney (if applying through representative)
Ensure all documents are submitted for swifter home loan processing.
You can check the complete list of documents required for an instant* home loan.
*Please note: Additional documents may be required depending on your profile, property type, loan amount, and our policy at the time of application.
Home Loan Eligibility
The basic eligibility requirements to apply for a home loan at India Kredit include:
Age: Applicants must be between 21 years and 65 years of age (at loan maturity).
Employment Type: Both salaried individuals and self-employed professionals / business owners are eligible to apply.
Minimum Income: No fixed minimum income requirement — eligibility is based on repayment capacity, loan amount, and property value. Generally, monthly income of ₹25,000 or higher is preferred.
Credit Score: A credit score of 700 or above is preferred, along with a strong credit history, to increase your chances of loan approval and secure better interest rates.
Nationality: Applicants must be residing citizens of India. NRIs may be eligible on a case-by-case basis.
Work Experience: Salaried applicants should have at least 2-3 years of total work experience (minimum 1 year with current employer). Self-employed applicants should have a business vintage of at least 3 years.
Property Type: Residential properties such as apartments, independent houses, and villas (ready-to-move or under-construction) are eligible. Commercial properties may be considered for specific cases.
Property Location: Properties located in metropolitan cities, Tier-1, Tier-2, and select Tier-3 cities are generally accepted.
Existing Liabilities: Existing loan obligations, EMI commitments, and overall debt-to-income ratio (FOIR) are considered during eligibility assessment. Ideally, total EMIs should not exceed 50-60% of monthly income.
Co-applicant Requirement: Adding a co-applicant (spouse, parent, or sibling with income) can enhance eligibility and loan amount.
*This is the basic home loan eligibility criteria. The final eligibility will depend on several factors, including age, income, credit profile, property type and location, repayment capacity, and our policy at the time of loan application. It is recommended to complete a home loan eligibility check before applying.
Home loan interest rates and charges at IndiaKredit are determined by a variety of factors, including the applicant's credit score, employment history, repayment capacity, property type, and the loan amount. Outlined below are the key charges you can expect when applying for a home loan:
| Fee Type | Applicable Charges |
|---|---|
| Interest Rate | Starting from 8.75%* per annum |
| Processing Fee | Up to 1.50% of the total loan amount + GST |
| Loan Tenure | 12 to 360 months (up to 30 years) |
| Lowest EMI Per Month | Starting from INR 835* per lakh (for 30 years tenure) |
| Prepayment / Foreclosure Charges | 0% to 3%* (Nil for floating rate loans) |
| Loan Cancellation Charges (Before 1st Disbursement) | INR 1000 + GST |
| Cheque/ECS/ACH Direct Debit Dishonour Charges | INR 500 per dishonor/presentation + GST |
| Late Payment Penalty | 2% per month on overdue amount |
| Property Valuation & Legal Charges | As per actuals + GST |
| CERSAI Registration Charges | As per actuals (typically INR 100 – 500) |
| Statement / Duplicate Copy Issuance Charges | INR 250 + GST per instance |
| NOC / Loan Closure Letter Issuance | Nil (Free of cost) |
*Terms & conditions apply. Interest rate starts from 8.75% p.a. and varies based on borrower's credit score, loan amount, tenure, property type, and location. Loan tenure up to 360 months (30 years) subject to borrower age and property condition. Lowest EMI example is for illustrative purposes only. Prepayment charges: Nil for floating rate loans; up to 3% for fixed rate loans (may be waived after a certain period). Legal and valuation charges are actuals based on third-party service providers. Please refer to the final sanction letter for exact charges applicable to your home loan.
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