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Buying a home is more than a financial decision — it’s a milestone filled with dreams, security, and long-term planning. A home loan helps you take that important step with confidence, without stretching your finances.
At Sankalp Finance, we simplify the home loan journey by helping you access the most suitable loan options from trusted RBI-approved banks and NBFCs. With transparent guidance, minimal hassle, and end-to-end support, we ensure your path to homeownership is smooth and stress-free.
Long Repayment Tenure
Choose flexible tenures that allow comfortable monthly EMIs while planning your finances better.
Minimal Documentation
Submit basic documents digitally and enjoy a simplified, paper-light application process.
Transparent Process
No hidden charges or confusing clauses — we explain every detail clearly before you move ahead.
Multiple Lenders, One Platform
Compare offers from trusted RBI-approved banks and NBFCs to find the best deal.
You can apply for a home loan if you are:
A salaried employee or self-employed individual
Maintaining a good repayment history or CIBIL score
Don’t worry if you’re unsure — we’ll help you check eligibility instantly.
Basic Documents We Need:
Upload digitally — no branch visits or lengthy queues.
Factors Affecting Interest Rate and Charges of a Home Loan
Home loan interest rates and associated charges are influenced by several key factors. Understanding these can help you plan better and secure more favorable terms.
1. Credit Score & Repayment History
Your credit score is one of the most important factors lenders evaluate. A higher score reflects strong repayment discipline and can help you secure lower interest rates. A weaker credit profile may result in higher rates or stricter conditions.
2. Income & Repayment Capacity
Lenders assess your monthly income, stability of employment or business, and existing financial obligations. A strong repayment capacity improves your chances of getting competitive rates.
3. Loan-to-Value (LTV) Ratio
Banks and NBFCs typically finance up to 75%–90% of the property value, depending on the loan amount and profile. A lower LTV (higher down payment) may sometimes help in negotiating better terms.
4. Employment Type & Stability
Salaried applicants working with reputed organizations or government institutions often receive more favorable rates. For self-employed individuals, stable business income and consistent financial records are important.
5. Property Type & Location
The value, legal clarity, and location of the property influence lender risk assessment. Approved or well-established projects usually receive smoother approvals and better terms.
6. Loan Tenure
Longer tenures reduce your monthly EMI but may increase the total interest payable. Shorter tenures increase EMI but lower the overall interest burden.
7. Existing Liabilities
If you have ongoing loans or high EMIs, lenders may consider you a higher risk, which can impact the interest rate offered.
8. Lender Policies & Market Conditions
Each bank or NBFC follows its own internal risk model. RBI guidelines, repo rate movements, and overall economic conditions also influence home loan interest rates and processing charges.
| Factor | Charges |
|---|---|
| Interest Rate | Starts at 7.1% p.a. |
| Loan Amount | 90% or Up to ₹20 Crores |
| Loan Tenure | Up to 30 Years |
Fast, simple, and transparent — that’s how we make business financing easier.
Buying our first home felt overwhelming — especially the paperwork and loan comparisons. Sankalp Finance explained everything clearly and helped us choose the right lender. The entire process was much smoother than we expected.
What I appreciated most was their transparency. They clearly told me how much loan I was eligible for and what my EMI would look like. No unrealistic commitments, just honest guidance.
From property document checks to lender coordination, Sankalp Finance stayed involved throughout. I never felt like I was handling it alone.
I had spoken to two banks directly but wasn’t sure which offer was better. The team at Sankalp Finance helped me compare the options and understand the real costs. That clarity made all the difference.”
A home loan helps you purchase, construct, or renovate a residential property by spreading the cost over a manageable repayment period.
Salaried individuals, self-employed professionals, and business owners with a stable income and repayment capacity can apply, subject to lender eligibility criteria.
Having a co-applicant for your home loan or opting for a joint home loan offers the benefit of higher loan eligibility, higher tax benefits, sharing loan payments, and buying a bigger house in a preferred location.
The co-applicants can be spouse, siblings, parents and children.
Yes, atleast one co applicant is required to be part of structure. In the case of a jointly owned property, all co-owners in the said property would become co-applicants in the home loan. Co-applicants can generally be spouse, parents, siblings and children.
The home loan EMIs typically start a month after the full amount is disbursed. However, when the home loan is disbursed in parts for under-construction property, you may be required to pay a pre-EMI. A pre-EMI consists of solely the interest on the principal amount and not a combination of interest and principal.
Yes, housing loans are eligible for tax benefits under Sections 80C, 24(b), and 80EEA of the Income Tax Act, 1961. Since the benefits may vary each year, please consult your income tax expert or chartered accountant for the latest information.
The key documents include:
– Proof of identity (e.g., Aadhaar card, Passport, etc.).
– Proof of income (e.g., salary slips, IT returns, Form 16, etc.).
– Proof of address (e.g., Aadhaar card, Passport, etc.).
– Property-related documents (e.g., sale agreement, title deed).
Yes, in many cases. We guide you on improving your credit profile and connect you with lenders that offer flexible terms for customers with lower scores.
Sankalp Finance never asks for any payment, fee, or advance amount for loan processing.
If anyone claiming to be from Sankalp Finance asks you to transfer money, share OTPs, or make any kind of payment — please do not proceed.
Your loan application is completely free, and your safety is our priority.
