Home loan rates in India range from 8.25% to 9.5% depending on the bank, your credit score, and loan amount. SBI, HDFC, and ICICI offer competitive rates.
How much home loan can I get on my salary?▼
Banks typically offer home loans where EMI is 40-50% of your monthly income. For a salary of ₹50,000/month, you can expect a loan of ₹25-35 lakhs depending on tenure and existing obligations.
Can I claim tax benefits on home loan?▼
Yes. Under old regime: Principal repayment up to ₹1.5L under 80C, interest up to ₹2L under Section 24(b). First-time buyers get additional ₹50K under 80EEA. These are not available under new regime.