Home Loan

Help your client choose for lowest interest rates available for their dream home.


We all aspire to have the house of our dreams. We devote our entire lives to creating the home of our dreams. It might be difficult to select the home loan that is ideal for you. With Forrtuna, you get access to sophisticated yet user-friendly AL-based online solutions. Apply now for loans to create your own dream home with the least amount of paperwork.


Forrtuna assists you to apply online for Home loans at your door steps. Now FORRTUNA INDEX is available to you without any cost and assists you to check whether a home loan suits your dream home. If yes, then you can compare various home loans offers and can instantly apply to the bank or the NBFC offering you the best deal. You can upload your documents and get loans disbursed in your bank account. During all this process, FORRTUNA’s AI based proprietary tool understands your need for funds and connects you with the right lender in a completely secured protocol.

  • Eligibility Check
  • Documents
  • Best Offers
  • Select & Apply

Home loan eligibility differs across lending institutions and loan schemes. However, a common set of housing loan eligibility criteria is given below:

Nationality Indian Residents, Non-Resident Indians (NRIs), and Persons of Indian Origin (PIOs)
Credit Score Preferably 750 and above
Age Limit 18 – 70 years
Work Experience At least 2 years (for salaried)
Business Continuity At least 3 years (for self-employed)
Minimum Salary At least Rs. 25,000 per month (varies across lenders & locations)
Loan Amount Up to 90% of property value


Note: Apart from the above parameters, your home loan eligibility also depends on the property you are buying and the location of the property.

Proof of Identity: Copy of any one (PAN Card, Passport, Aadhaar Card, Voter’s ID Card, and Driving License)

Proof of Residence: Copy of anyone (Bank Passbook, Voter’s ID, Ration Card. Passport, Utility Bills (Telephone Bill, Electricity Bill, Water Bill, Gas Bill) and LIC Policy Receipt

Proof of Income for Salaried: Copy of Form 16, latest payslips, IT returns (ITR) of past 3 years, and investment proofs (if any)

Proof of Income for Self Employed: Details of ITR of last 3 years, Balance Sheet and Profit & Loss Account Statement of the Company/Firm, Business License Details, and Proof of Business Address

Property-related Documents: NOC from Society/Builder, detailed estimate of the cost of construction of the house, registered sale deed, allotment letter, and an approved copy of the building plan.

Note: The above list is indicative and your lender might ask for additional documents.

Here is the list of top lenders that offer home loans at lowest interest rates in India:

Name of Lender Interest Rates Processing Fees
Bajaj Housing Finance 7.20% onwards At least 0.3% of the loan amount
Bandhan Bank (GRUH Home Loan) 7.30% – 13.50% 0.25% – 1% of loan amount
Bank of India 7.30% – 9.15% 0.25% of the loan amount (Rs. 1,500 – Rs. 20,000)
Bank of Maharashtra 7.30% – 9.45% 0.25% of the loan amount (Up to Rs. 25,000)
UCO Bank 7.40% – 7.60% 0.5% of the loan amount (Rs. 1,500 – Rs. 15,000)
Indian Bank 7.40% – 8.45% Up to 1% of the loan amount
Punjab & Sind Bank 7.40% – 8.50% Up to 0.25% of the loan amount
Punjab National Bank 7.40% – 8.85% 0.35% of the loan amount (Rs 2,500 – Rs. 15,000)
Union Bank of India 7.40% – 9.35% Up to 0.5% of the loan amount (Up to Rs. 15,000)
Bank of Baroda 7.45% – 9.20% 0.5% of the loan amount (Rs. 8,500 – Rs. 15,000)


Interest rates as of 02nd Aug 2022

Types of Business Loan

Home Purchase Loan

This type of loan is typically used to purchase pre-owned or resale homes as well as properties that are ready to move into.


Composite Loan

Used to purchase a building lot for a home. The first payment is made for the purchase of a plot. Payments after then are determined by the stage of the house’s construction.

Home construction loan

Applied for when building a home on a plot that is already owned. The costs are determined by the stage of the house’s construction.

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Home renovation/improvement loan

Used to cover expenditures associated with renovating an existing home. A standard home loan and a loan for home improvements typically have the same interest rate.


Home Extension Loan

For individuals who need money to expand their current home. Depending on the loan amount and LTV ratio, lenders often finance between 75 and 90 percent of the construction estimate.

Bridge Loan

This short-term mortgage is appropriate for people who want to use the profits from the sale of their current property to purchase a new home.

Interest Saver Loan

With this type of loan, the borrower’s home loan account is connected to their bank account. Any sum added to the bank account above the EMI is regarded as a prepayment toward the loan, which reduces the amount of interest paid.

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Step Up Loan

With this type of loan, borrowers have the option to gradually increase their EMI payments after making lesser payments throughout the first few years of the loan’s term. As a result, young professionals who are just starting their careers may afford the loan.

How It Work

Step 1: Provide Your Information Enter your personal data as well as information about your financing requirements.

Step 2: Submit the application. Fill out an application for the home loan package that best fits your financial needs.

Step 3: You will receive a confirmation of your home loan application, along with a reference number for future use, once your application has been filed successfully. Our loan specialist will then contact you within 24 hours to proceed with your application.