Getting the Best Home Loan Offer

While virtually all banks publish their interest rates and other charges (e.g. pre-payment fees, processing fees), in practice - it is often possible to negotiate better terms than the published rates. The best thing to do is to shop around. Get multiple banks to compete for your business - after all a Home Loan decision has a far-reaching impact on your personal finances.

To help you, ApnaPaisa has lined up multiple offers from the Home Loan market. Here's how the process works:

Step 1) Enter your profile and personal details and click "Get Offers"

Step 2) A validation code will be sent to the mobile number you specified. You will need to enter this validation code. This helps us verify that it is a real person who is applying.

Step 3) Our system looks up various offers out there in the Home Loan market - matches your needs and profile with those offers and displays to you the offers you are eligible for.

Good luck for your home loan search.

Calculate EMI using our State of the Art EMI Calculator!!

Benefits of Applying Online

When Banks Compete, you win.

Apply for a Home Loan at ApnaPaisa and we will match your requirements with the best offers from our network of over 400 service providers. We will get a maximum of five providers to compete for your business. WHEN BANKS COMPETE YOU WIN. You can then decide which home loan is best for you based on:

Lowest Interest Rate
Lowest EMI
No Pre-payment charges
Lowest Processing Fees
Maximum Eligible Loan Amount
Mandatory Documents Required
Lowest Processing Fees

Or any other factor that is important to you.

Negotiating Tips

1) If you have a good credit record and your income is sufficient to justify the loan you can negotiate on interest rates. You can also try and get Processing fees or legal or valuation fees reduced or completely waived.

2) If you go for a floating rate loan then pre-payment charges are not payable.

3) When interest rates are high and are expected to go down you should go in for a floating rate loan as it makes no sense to lock into high fixed rates or the so called Dual rate loans where rates remain fixed for a couple of years before shifting to regular floating rate loans. Please review this decision at least once every 6 months

4) Take term insurance and critical illness and accidental disability policy for the full loan amount to make sure you or your loved ones don't have to worry about loan repayment should you die or are disabled due to a critical illness or accident. You cannot be forced to buy this policy from the insurance company chosen by the lender - you should choose your own insurer.