These are common FAQs about purchasing and owning a home in India. Download the pdf to understand important information, rules and regulations.

Download pdf for Real Estate FAQs

5% of the cost of the property (including the cost of the land) and based on the repayment capacity of the customer.

Applicant and Co-Applicant to the loan

Home Loans can be applied for either individually or jointly. Proposed owners of the property, will have to be co-applicants. However, the co-applicants need not be co-owners.

Adjustable Rate Home Loan

Loan under Adjustable Rate is linked to Banks' Retail Prime Lending Rate (RPLR). The rate on your loan will be revised every three months from the date of first disbursement, if there is a change in RPLR, the interest rate on your loan may change. However, the EMI on the home loan disbursed will not change*. If the interest rate increases, the interest component in an EMI will increase and the principal component will reduce resulting in an extension of term of the loan, and vice versa when the interest rate decreases.

*Conditions apply


Purchase of: Flat, row house, bungalow from developers
Existing freehold properties
Properties in an existing or proposed co-operative housing society or apartment owner's association

Download the pdf for list of documents commonly required by banks.

Download Home Loans FAQs

Principal Loan Amount
  • 1,00000
  • 5,00000
  • 9,00000
Interest Rate
12.5 %
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
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  • 18

Loan Calculator

  • 12 MONTHS
    EMI Rs 35,633
  • 24 MONTHS
    EMI Rs 18,923
  • 36 MONTHS
    EMI Rs 13,381
  • 48 MONTHS
    EMI Rs 10,632
  • 60 MONTHS
    EMI Rs 8,999
  • 72 MONTHS
    EMI Rs 7,924
  • 84 MONTHS
    EMI Rs 7,168

Download the NRI guide which contains FAQs on various issues relating to acquisition and transfer of immovable property in India by a person resident outside India and a person resident in India who is not a citizen of India.

Download the NRI guide

Download the FAQs for NRIs

The current scenario in Mumbai portrays an urgent need to upgrade the housing pattern to accommodate the ever increasing population translating into a need for larger planned residences. Moreover, older societies have drawbacks by way of lack of security, inadequate sanitation amenities, absence of proper parking to name a few over and above an aging structure. In an age where free land is difficult to get, redevelopment is the most feasible solution and is more suited for a city like Mumbai. Redevelopment is an exercise undertaken to remove an existing structure on a plot of land and constructing a new one. It is a planned approach to upgrade the lifestyle of people currently living in the existing structure and create better residential infrastructure. Mumbai in its current phase of growth is facing a shortage of land to come up with housing for its ever increasing population. It is undergoing a transformation in its lifestyle by converting its dilapidated structures into a multi-storied format comprising of modern facilities. The Government has also recognized the dire need to undertake the redevelopment of old buildings and is taking various steps to encourage private participation in the redevelopment process. If you are interested in redevelopment of your society please email us at