5.7cr+
Satisfied Customers
Trusted Home Financing
Build Your Dream Home
Unlock the doors to your sanctuary with our lowest interest rates, quick processing, and end-to-end digital assistance.
65+
Lending Partners
Rs.65k Cr+
Loans Disbursed
Why Choose Six Finance?
Experience hassle-free borrowing with flexible loan options, instant credit tracking, and rapid approvals designed around your unique financial journey.
Flexible Repayment Plans
Life changes, and your loan should adapt with it. We offer customizable repayment schedules and loan amounts designed to fit comfortably within your budget.
Fast, Secure & Transparent
Apply with complete peace of mind. Our streamlined, bank-grade encrypted platform ensures lightning-fast approvals while keeping your data strictly protected.
Personalized Financial Solutions
We look beyond the numbers to understand your story. Enjoy a borrowing experience that is custom-tailored specifically to your unique financial goals and needs.
Loan Details
Home Loan Calculator
Calculate your EMI and total interest for home loans.
Instant Approval
No Hidden Charges
100% Digital Process
Representative Example:
Borrow ₹10,00,000 over 12 months at 9.99% APR. Total repayment: ₹10,54,934.84 with monthly EMIs of ₹87,911.24.
EMI Calculator
Select Your Bank
Enter Loan Amount
₹10,00,000
50K50L
9.99
8%30%
1
1Y10Y
Monthly EMI
₹87,911.24
Total Interest
₹54,934.84
Why Choose Six Finance?
Experience hassle-free borrowing with flexible loan options, instant credit tracking, and rapid approvals designed around your unique financial journey.
Flexible Repayment Plans
Life changes, and your loan should adapt with it. We offer customizable repayment schedules and loan amounts designed to fit comfortably within your budget.
Fast, Secure & Transparent
Apply with complete peace of mind. Our streamlined, bank-grade encrypted platform ensures lightning-fast approvals while keeping your data strictly protected.
Personalized Financial Solutions
We look beyond the numbers to understand your story. Enjoy a borrowing experience that is custom-tailored specifically to your unique financial goals and needs.
What is a Home Loan?
A home loan is a secured loan provided by financial institutions to help you purchase or construct a home. The property itself serves as collateral until the loan is fully repaid.
Repayment is done via long-term EMIs, with tenures often ranging from 15 to 30 years, making the monthly burden manageable.
Key eligibility requirements:
- Age (usually 18-70 years)
- Credit Score (750+ preferred)
- Property legal verification
- Stable income source
Home loans often come with tax benefits under various sections of the Income Tax Act.
Financial Guide
Home Loan Interest Rates
Home loan rates currently range between 8.35% to 9.50% p.a. A higher credit score (750+) can significantly reduce the spread charged by the bank.
Guide to Selecting a Home Loan
A home loan is a long-term commitment (15-30 years). A small difference in rates can save lakhs. Consider these factors:
1
Repo Rate Linked Loans (RLLR)
Opt for loans linked to the Repo Rate (RLLR) rather than MCLR, as they offer greater transparency and faster transmission of rate cuts.
2
Check LTV (Loan to Value) Ratio
Banks fund 75-90% of the property cost. Ensure you have the down payment ready for the remaining amount plus registration charges.
3
Processing Fees & Legal Charges
Compare processing fees. Many lenders waive these during festive offers. Also, check for legal and technical verification charges.
4
Prepayment Flexibility
Ensure there are no penalties for part-prepayment on floating rate loans. This allows you to reduce tenure when you have surplus funds.
5
Project Approval
Check if your property project is pre-approved by the lender. This speeds up the legal verification process significantly.
Home Loan Eligibility Criteria
Home loan eligibility Lenders look for stability and property legality. Common requirements include:
Age: 18–70 years (Loan must end before retirement age for salaried)
Credit Score: 750+ is ideal for the lowest interest rates.
Minimum Income: Net monthly income of at least Rs. 25,000 (varies by city).
Work Experience: At least 2 years for salaried; 3 years business continuity for self-employed.
Property Status: Clear title with approved maps from local authority.
FOIR: Fixed Obligation to Income Ratio should ideally be under 50%.
Home Loan Fees & Charges
Home loans involve legal and technical costs in addition to standard banking fees: For a detailed breakdown of home loan charges, see below:
| Particulars | Charges |
|---|---|
| Processing Fees | 0.25% to 1.00% of loan amount (often capped at ₹10k-₹25k) |
| MODT / MOE Charges | 0.2% to 0.5% of loan amount (State Govt Levy) |
| Legal & Technical Fee | ₹ 3,000 - ₹ 10,000 (As per actuals) |
| Prepayment Charges | Nil for Floating Rate loans (Individual borrowers) |
| Conversion Fees | 0.5% of outstanding principal (to switch rates) |
| CERSAI Charges | ₹ 50 - ₹ 100 |
Other fees and charges levied by the lenders include documentation charges, verification charges, duplicate statement charges and NOC certificate charges.
Fixed Rate vs Floating Rate Home Loan
Choosing the right interest rate regime is crucial for long-term savings.
| Fixed Rate Loan | Floating Rate Loan |
|---|---|
| Interest rate remains constant | Rate changes with RBI Repo Rate |
| Protection against market rate hikes | Benefit from future rate cuts |
| Usually 1-2% higher than floating | Cheaper than fixed rates |
| Prepayment penalty applies | Zero prepayment penalty |
Why Choose SIX Finance for Your Dream Home?
Navigating home loans can be complex. We simplify it by aggregating offers from top mortgage lenders. We analyze your profile against property valuation and income to suggest lenders that offer the highest eligibility and lowest interest rates.
Key Advantages of our Home Loan Process
- Compare interest rates from 20+ Housing Finance Companies
- Doorstep service for document collection
- Expert legal and technical verification support
- Guidance on PMAY (Pradhan Mantri Awas Yojana) benefits
- Higher loan-to-value (LTV) ratio options
- Tenure options up to 30 years for lower EMIs
Types of Home Loans
Home loans aren't just for buying a new apartment. Lenders offer various specialized products depending on your property needs.
Home Loan Documents Checklist
Apart from KYC and income proofs, property documents are crucial for home loan processing.
| Requirements | Salaried Applicants | Self-Employed Applicants |
|---|---|---|
| KYC Documents | PAN Card, Aadhaar, Passport, Voter ID | PAN Card, Aadhaar, Business Proof (GST/Udyam) |
| Income Proof | Form 16, Last 3 months Salary Slips | ITR (3 Years), Computation of Income, CA Attested Financials |
| Property Documents | Agreement to Sell, Chain Deeds, OC/CC, Approved Plan | Agreement to Sell, Chain Deeds, OC/CC, Approved Plan |
| Bank Statements | Salary Account statement (last 6 months) | Current Account & Savings Account statements (last 12 months) |
Essential Home Loan Facts
LTV Ratio (Loan to Value)
- Banks usually fund only 75-90% of the property value.
- You must arrange the remaining 10-25% as a down payment.
- Registration and Stamp Duty charges are usually not funded.
RLLR vs MCLR
- Repo Linked Loan Rates (RLLR) are more transparent.
- Interest rates change immediately when RBI changes the Repo Rate.
Tax Benefits
- Principal repayment eligible for deduction under Sec 80C.
- Interest payment eligible for deduction under Sec 24(b).
Property Legality
- Ensure the project is RERA approved.
- Banks conduct legal verification; a rejection often indicates property issues.
Top Home Loan Interest Rates
We partner with India's leading banks and HFCs to bring you the lowest mortgage rates linked to the Repo Rate. Check your eligibility for a home loan rates today.
| Lender | Interest Rate (Floating) |
|---|---|
| SBI Home Loans | 8.40% onwards |
| HDFC Bank | 8.35% onwards |
| LIC Housing Finance | 8.50% onwards |
| Kotak Mahindra Bank | 8.40% onwards |
| PNB Housing | 8.75% onwards |
Home Loan for First Time Buyers
First-time buyers may be eligible for PMAY subsidies if they meet income criteria.
Joint application with a spouse can increase loan eligibility and tax benefits.
Lenders often fund up to 90% of the property value for amounts under 30 Lakhs.
Borrower Categories for Home Loans
Salaried Applicants
Requires Form-16 and Salary Slips for income verification.
Employment stability of 2+ years is usually required.
Can get longer tenures up to 30 years.
Self-Employed Applicants
Requires ITR of last 3 years and business continuity proof.
Computation of income is key to determining eligibility.
Profitability trend is analyzed closely.
Home Loan Application Journey
Follow these steps to secure your dream home:
Check your Credit Score (750+ is ideal).
Finalize the property and check if the project is approved by banks.
Arrange the down payment (10-20% of property cost).
Compare RLLR (Repo Linked) rates across banks.
Submit documents for legal and technical verification.
How to Calculate Home Loan EMI Online?
You can calculate your home loan EMI using a free online home loan EMI calculator. You just need to enter your interest rate, loan amount and tenure in the calculator to get instant and accurate results.
Fixed Rate vs Floating Rate Home Loan
Choosing the right interest rate regime is the most critical decision for a long-term liability like a home loan.
| Parameter | Fixed Rate | Floating Rate |
|---|---|---|
| Interest Rate | Constant throughout the fixed period | Linked to Repo Rate (Changes with RBI policy) |
| Cost | Usually 1-2% higher | Cheaper than fixed rates |
| Prepayment Penalty | Up to 2-4% charges applicable | Nil (Zero charges for individuals) |
| Risk | Protected from market rate hikes | Subject to market fluctuations |
Real Home Loan Journeys
Aditya Roy — First Home Buyer
"Buying my first flat in Mumbai seemed impossible until I compared rates on Six Finance. I found a lender offering 8.35% interest linked to Repo Rate. The legal verification support was a lifesaver."
Sneha & Varun — Joint Home Loan
"We wanted a larger apartment. Applying jointly helped us increase our eligibility. Six Finance helped us compare processing fees, saving us almost Rs. 25,000 upfront."
Tips for a Smooth Home Loan Approval
A home loan is a long-term commitment. Ensure you get the best deal with these steps:
- Ensure your Credit Score is 750+ to access RLLR linked lower rates.
- Co-apply with a spouse to increase loan eligibility and tax benefits.
- Save up for a higher down payment (20%+) to reduce the loan burden.
- Check if the property project is pre-approved by the lender.
- Keep all property documents (Title Deed, OC, Plan) ready for legal verification.
Home Loan Facts
- Home loans offer the longest tenure (up to 30 years) among all loan products.
- Interest paid is tax-deductible under Section 24(b) up to Rs. 2 Lakhs.
- Principal repayment is deductible under Section 80C up to Rs. 1.5 Lakhs.
- LTV ratio is usually capped at 90% for loans up to Rs. 30 Lakhs.
- There are zero prepayment charges for individual borrowers on floating rates.
Our Financial Solutions
Home Loan Solutions
Find the perfect home loan solution for your needs, from construction to renovation and everything in between.
Home Renovation Loan
Transform your living space with financing for renovations, upgrades, and repairs. Increase your home's value while enjoying beautiful, functional spaces.
Plot Loan
Finance your dream plot with our specialized plot loans. Flexible repayment options and competitive rates for residential and commercial plots.
Top Up Home Loan
Get additional funds against your existing home loan for various needs. Lower interest rates and minimal documentation required.
Home Construction Loan
Build your dream home from scratch with our construction financing. Disbursement in stages as per construction progress.
NRI Home Loan
Special home loan solutions for Non-Resident Indians. Easy documentation, attractive interest rates, and flexible repayment in foreign currency.
Home Extension Loan
Expand your living space with financing for home extensions. Add rooms, floors, or expand your existing structure.
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