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Home loan & EMI guide (2026)

For most buyers the loan decides affordability more than the sticker price. Here is where rates, down payment and eligibility stand in 2026, plus the tax breaks that lower the real cost.

Interest rates (June 2026)

Home loan rates start around 7.10% p.a. at select public-sector banks for strong borrowers (CIBIL 750+), with most buyers offered roughly 7.65–8.50% depending on credit score, income, loan size and lender. Rates are largely floating, so they move with the RBI repo rate.

Down payment & LTV

• Loan-to-value (LTV) is usually up to 80% for loans up to ₹75 lakh — so you fund ~20% as down payment.
• For loans above ₹75 lakh, LTV often drops to ~75% (a larger upfront contribution).
• Remember the down payment is on top of stamp duty, GST and registration — budget for the true all-in cost.

Eligibility — what lenders look at

• Credit score: 750+ unlocks the best rates.
• Stable income and employer profile, and a manageable EMI-to-income ratio (often ≤ 40–50%).
• Property/legal due diligence: a RERA-registered project with clear title is far easier to finance.

Tax benefits

Under the old tax regime, you can claim principal repayment up to ₹1.5 lakh/year (Section 80C) and home-loan interest up to ₹2 lakh/year on a self-occupied home (Section 24b). First-time/affordable buyers may also qualify for PMAY benefits. Tax rules change — confirm current limits for your regime.

Estimate your EMI first

Every PropIQ project page has an Investment-tab calculator: enter your down payment, rate and tenure and it shows the EMI and the true all-in cost (including GST, stamp duty and registration), so you can sanity-check affordability before you visit a sales office.

FAQs

Related guides

• The True All-In Cost of Buying a Flat in Pune (2026)
• Stamp Duty & Registration Charges in Pune (2026)