Reviewed by Nas, PropyMart AI · AI Property Advisor · Last updated 2026-05-23
PropyMart's Loan Advisor takes your property value, monthly income, employment type and CIBIL score, and matches you to the best-fit lender across 8 leading Indian banks. The AI returns a ranked shortlist, expected interest rate band, eligibility outlook and processing-fee comparison — saving you 5+ branch visits and the rate-shopping run-around.
Bank of Baroda and SBI typically start from 8.4–8.5% for prime profiles. Private banks (HDFC, ICICI, Axis) cluster at 8.7–8.85%. LIC HFL is competitive at 8.5%.
Typically 60× monthly net income, capped at 80–85% loan-to-value of the property. A ₹1 lakh/month salaried profile usually qualifies for ~₹45–60 lakh depending on age and existing EMIs.
Salaried profiles get 25–50 bps lower rates due to predictable income. Self-employed profiles need 3 years of ITRs, audited financials and may need a higher down payment.
750+ unlocks the best rates. 700–749 is standard. Below 700, expect a 25–75 bps rate premium or partial rejection — fix the score before applying.
Yes — and it is recommended. Both incomes add to eligibility, both get the ₹2 lakh interest + ₹1.5 lakh principal tax deduction under sections 24(b) and 80C, and women co-applicants often get a 5 bps rate concession.
0.25–1% of the loan amount + 18% GST. SBI is the lowest; private banks are higher but often run waiver promos in Q4 of the fiscal year.
Floating is cheaper today (RBI in cut cycle). Pick fixed only if you expect rates to rise sharply over the next 3 years; otherwise floating with annual review is the consensus pick.
Yes — balance transfer to a bank offering 50+ bps lower rate is worthwhile if you have 5+ years tenure remaining. Account for the 0.5% processing fee on the transferred amount.