Buying a home is a dream for many, but rising property prices can make it seem out of reach.

Thankfully, several banks and financial institutions in India offer affordable home loan options that make homeownership
possible — even on a tight budget. In this blog, we’ll explore the most popular and affordable home loan
schemes, their features, eligibility criteria, and how to apply.

1. Pradhan Mantri Awas Yojana (PMAY)

The PMAY scheme is a government initiative launched to provide “Housing for All” by 2025. It offers creditlinked subsidies on home loans for first-time buyers.

Benefits:

• Interest subsidy up to ₹2.67 lakh.
• Available for both MIG (Middle Income Group) and EWS/LIG categories.
• Extended tenure of up to 20 years.

Check if you’re eligible and apply for PMAY benefits on our platform.

2. SBI Home Loan

The State Bank of India (SBI) is one of the most trusted names in the Indian banking sector. They offer
attractive interest rates starting at just 8.40% p.a.

Features:

• No hidden charges.
• Interest concessions for women borrowers.
• Balance transfer options available.

Compare SBI’s rates with other banks on our home loan comparison page.

3. HDFC Ltd. Home Loans

HDFC Ltd. is another major player offering flexible home loan options to salaried, self-employed, and NRIs.

Features:

• Loan tenure up to 30 years.
• Prepayment without penalties.
• Fast processing with minimal paperwork.

Learn more about HDFC affordable home loans and check real-time eligibility.

4. LIC Housing Finance

LIC Housing Finance offers low-interest home loans tailored for salaried and pensioned individuals. Their
Griha Suvidha scheme is quite popular among first-time home buyers.

Features:

• Online sanction in just 72 hours.
• Minimum documentation required.
• Competitive interest rates starting from 8.50% p.a.

Explore LIC Housing Loan schemes now.

Tips to Get a Home Loan at the Best Rate

Here’s how you can make your home loan more affordable:

• Maintain a good credit score (750+ is ideal).
• Choose a longer tenure for smaller EMIs.
• Compare interest rates across banks on our home loan calculator tool.
• Apply during festive seasons when banks offer special rates.

Why Use Our Platform?

• Access verified listings of residential property with inbuilt EMI calculators.
• Avail personalized guidance for loan application and document preparation.
• Get pre-approved offers with zero processing fee.

Speak to our experts now or request a callback to get started on your home loan journey.