Read This Before Signing Anything

Most home buyers regret not checking these 7 things. A 0.5% rate difference on ₹50L loan = ₹7 lakh extra interest.

2 / 7

Check CIBIL Score First

Score below 700? Fix it before applying. A 750+ score gets you 0.5–1% lower rate — saving lakhs over 20 years.

3 / 7

Compare At Least 3 Banks

Don't take the first offer. SBI, HDFC, and ICICI often have different rates. Even 0.25% difference matters hugely.

4 / 7

Choose Floating Rate for Long Tenure

For 20+ year loans, floating rates average lower than fixed. RBI rate cuts benefit you automatically.

5 / 7

Keep EMI Below 40% of Income

If take-home is ₹60,000, total EMIs should stay under ₹24,000. Exceeding this strains your monthly budget.

6 / 7

Prepay Whenever You Can

Even ₹50,000 extra in year 3 can cut 2 years off your tenure and save ₹3–4 lakh in interest.

7 / 7

Claim Both Tax Benefits

Section 80C (₹1.5L principal) + Section 24(b) (₹2L interest) = ₹3.5L deduction. Saves ₹1.05L/year at 30% slab.