ParrotMoney is India's premier digital home loan marketplace. We allow homebuyers to compare interest rates, check project approvals (APF), and instantly apply for home loans from over 30+ top banks and NBFCs with zero hidden fees.

What is the lowest home loan interest rate right now?

As of October 2026, the lowest home loan interest rates start at 8.35% p.a. for borrowers with excellent credit scores (CIBIL 750+).

Does ParrotMoney charge a fee for comparing home loans?

No, ParrotMoney is completely free for users. You can compare rates, calculate EMIs, and apply for a home loan without paying any platform fees.

What are the best home loan rates in India?

As of October 2026, the best home loan interest rates in India start at 8.35% p.a. for borrowers with a CIBIL score of 750 or above. Rates are primarily linked to the RBI Repo Rate (External Benchmark Lending Rate or EBLR).

Buying a ready-to-move or under-construction property?

New Home Purchase Loans — Compare Available Lender Options

Indicative rates from available lender data with up to 90% LTV for eligible affordable housing and up to 30-year repayment tenures.

Primary Action: Compare Home Loan Offers

No phone/PAN upfront · No bureau check without consent · Indicative only · Final approval by lender

Who this is for / not for

Good for: First-time buyers, salaried or self-employed families purchasing a ready-to-move, resale, or RERA-approved under-construction home.

Not ideal for: Unapproved layouts without clear municipal/gram panchayat title or purely commercial properties.

What to compare before choosing a home loan lender

Repo-linked EBLR interest rate & spread stability
LTV ratio (up to 90% up to ₹30L, 80% up to ₹75L, 75% above ₹75L)
Processing fee, legal/valuation charges & state MODT
Builder APF tie-up for faster disbursement
Female co-owner 0.05% interest rate concession
Daily reducing balance / overdraft facility availability

Product-Specific Input Form & Indicative Comparison Preview

Inputs tailored for this loan: Property Value · Required Loan Amount · Repayment Tenure (up to 30 Years) · City

Compare available options across 51+ banks and HFCs using available lender data · Availability varies by lender/city.

What lenders check & What happens next

CIBIL / credit bureau score (750+ for lowest EBLR slab)
FOIR / repayment capacity (total EMIs within 50%–65% of net income)
Property title chain (13–30 years) & RERA / APF approval
Employment stability or 2–3 years business ITR continuity

What happens next: 1. First preview requires no phone/PAN · 2. Personal details come later · 3. Bureau check only with consent · 4. Final approval by lender.

Documents needed later

KYC (PAN/Aadhaar), last 3 months salary slips + 6 months bank statement (or 2–3 yrs ITR for self-employed), and builder allotment letter / sale agreement.

Frequently Asked Questions

What is the maximum LTV I can get for a New Home Loan?: Banks finance up to 90% of property value for loans up to ₹30 Lakh, up to 80% for ₹30L–₹75L, and up to 75% above ₹75 Lakh.
Does adding a female co-applicant reduce the interest rate?: Yes, most banks offer a 0.05% (5 bps) rate concession when a woman is added as primary applicant or co-owner.
What happens next after I click Compare Home Loan Offers?: First preview requires no phone/PAN. Personal details come later, credit bureau check happens only with consent, and final approval is by the lender.

Buying a ready-to-move or under-construction property?

Compare Home Loan Offers — No phone/PAN upfront · Indicative comparison only · Final approval by lender.