LOAN AMOUNT
Up to 90%
Of property value, depending on ticket size and lender policy
INTEREST RATE
From 8.5% p.a.
Depends on credit score, income profile and loan tenure
MAX TENURE
Up to 30 years
Lower EMIs spread over a longer term
PROCESSING FEE
0.25% to 1%
Of loan amount, charged by the lender at sanction
OVERVIEW
A home loan is money you borrow from a bank to buy a home. You repay it in monthly payments called EMIs over an agreed time. The home is the security for the loan, so home loans usually cost less than loans without security.
You can choose a fixed rate, where your EMI stays the same, or a floating rate, which can change when the lender’s rate changes. You can use a home loan to buy a home, buy land, repair your home or move your loan to a new lender.
We look at your income, credit history, existing loans and the property. Then we pick the banks and housing finance companies that fit you, prepare your file and compare the offers. One dedicated advisor stays with you.
A home loan is right for you if
TYPES OF HOME LOAN
Choose a fixed or floating interest rate for any of these. Your advisor explains the trade-offs before you decide.
Buy a ready or under-construction flat or house.
Buy a plot to build your home on.
Repair, upgrade or extend the home you own.
Move your existing home loan to another lender.
BENEFITS
Buying with a home loan keeps your savings free and spreads the cost over years. It also gives you tax deductions and helps you build credit.
The government allows you to reduce your taxable income through principal repayment and interest, with deductions under Section 80C and Section 24(b).
Home loans usually have lower interest rates compared to other borrowings like car loans or personal loans, keeping repayment manageable.
With a flexible home loan tenure up to 30 years, you pay a smaller amount back each month, making it easier to manage your household budget.
FOR BROKERS AND CAS
Partner with Nihal Fintech or refer someone through Refer & Earn, with rewards starting from ₹2,500 up to lakhs*.
ELIGIBILITY
Eligibility depends on your income, credit score and the lender’s rules.
How much can I borrow?
Lenders look at what you can repay each month.
Lenders check your salary and credit record.
Income proof
Salary slips
Bank statements
Recent account statements
Identity and address proof
KYC documents
Property documents
Papers for the property you are buying
Lenders check your business income and credit record.
Income proof
Income tax returns (ITR)
Bank statements
Recent account statements
Identity and address proof
KYC documents
Property documents
Papers for the property you are buying
A co-applicant can raise your eligibility or let you extend the tenure. Both can lower your EMI.
Loan amount
Can be higher with a second income
Tenure
Can be longer, for a smaller EMI
Documents
Income proof and KYC for both applicants
Property documents
Same as for a single applicant
Work out your EMI and get the exact list of papers lenders ask for.
For planning only. Your lender confirms the final EMI.
RATES, FEES AND CHARGES
Interest rates change with RBI policy, lender benchmark spreads and borrower profile. Here is how costs typically break down.
Item
Typical
Notes
Interest rate
From 8.5% p.a.
Depends on credit score, income profile and tenure
Rate type
Fixed or floating
Both options available; your advisor explains the difference
Processing fee
Up to 0.5%–1%
Charged by the lender
Prepayment / foreclosure
NIL for floating rates
As per lender policy and RBI rules
Other charges
At actuals
Legal, valuation and stamp duty, if applicable
before you apply
A few simple checks before you submit your application save time and protect your credit score.
Since loans run for years, use our home loan EMI calculator before you decide.
Applying for too much can cause rejection. Aim for an amount that matches your verifiable income.
An existing banking relationship can speed up the process, with simple KYC documentation.
A clean credit history can unlock faster approvals and preferential interest rate tiers.
For higher loan amounts, a co-applicant can increase eligibility or extend the tenure.
Calculate an EMI you can pay every month without straining your household budget.
Why Nihal Fintech
Walking into a bank gets you that bank’s answer. Coming to us puts your profile in front of the lenders most likely to approve it.
RELATED LOANS
If a standard home loan does not fit your immediate goal, explore these alternatives.
How we work
At every step you know what is happening, who is handling it and what you get at the end of it.
01
We look at your income, credit history, assets and existing loans, and tell you honestly what is possible.
who
You + your advisor
You get
A clear idea of what you can get
02
We pick the banks and finance companies whose rules fit your profile, so you apply where approval is likely.
who
Your advisor
You get
A short list of lenders
03
We give you one checklist, collect your papers and check them before the lender sees your file.
who
You + your advisor
You get
A complete, checked file
04
We present your case to the chosen lender and handle their questions for you.
who
Your advisor
You get
No need to chase the lender
05
We compare the offers and try to get you better rates, fees and terms where possible.
who
Your advisor
You get
Offers you can compare
We follow up on the final steps until the money reaches you.
who
You + your advisor
You get
Funds in your bank account
CASE STUDY
A recent case from our work.
WORKING CAPITAL ENHANCEMENT
A Mumbai-based engineering components manufacturer with ₹60 Cr turnover and 12 years in business. Its existing ₹4 Cr cash credit limit no longer matches its order book.
Our approach: assess the working capital need from audited financials, the stock and debtor cycle, and the order pipeline. Then propose increasing the limit to ₹8 Cr, backed by stock and book debts, with the factory land and building as additional security.
Client
Engineering manufacturer, Mumbai
Turnover
₹60 Cr
Structure
Cash credit enhancement (₹4 Cr → ₹8 Cr)
Security
Factory land & building, valued ~₹12 Cr
Home loan interest rates with Nihal Fintech start as low as 8.5% p.a., depending on your credit score, income profile, and loan tenure. Our team compares offers across lending partners to help you lock in the most competitive rate available for your profile.
With a monthly salary of ₹50,000, you may be eligible for a home loan of approximately ₹25–30 lakhs, depending on your existing EMIs, credit score, and the lender’s eligibility criteria. Use our free EMI calculator above to check your exact eligibility in seconds.
You’ll typically need identity proof, address proof, income proof (salary slips or ITR), bank statements, and property documents. Our team handles KYC verification quickly so your approval isn’t delayed — contact us for a personalized document checklist.
Home loan approval can take as little as 3–7 working days when your documents are complete and your credit score is strong. Nihal Fintech’s direct lending relationships help speed up verification and cut down on typical bank delays.
Yes, home loans are available even with a moderate credit score, though interest rates may be slightly higher. Our advisors can guide you toward lenders more likely to approve your application and suggest ways to improve your eligibility. Talk to our team for a free eligibility check.
Home loan tenure can extend up to 30 years, letting you choose lower EMIs that fit comfortably within your monthly budget. Longer tenure means smaller payments, but slightly higher total interest — our advisors can help you find the right balance.
It depends on your goals: fixed rates offer predictable EMIs, while floating rates can lower your overall interest cost if market rates drop. Speak with our loan experts today for a free consultation on which option suits your financial plan.
Share a few details and an advisor will call you to check feasibility.
Or call us:
Mumbai: +91 77009 44833
Ahmedabad: +91 99985 84455
