Know More About Latest Housing Loan Interest Rates
                     KNOW MORE ABOUT 
LATEST HOUSING LOAN 
INTEREST RATES
THE BASICS OF HOME LOAN
A lot of factors affect when you calculate 
home loan interest on your home loan and 
you definitely need it. The best home loan 
rate is the one that is the lowest or at an 
average as the market rate. The lower the 
rate, the better it will be for your experience. 
However, by just wishing for a low rate, you 
will not get one. There are various ways by 
which you can get a low rate of interest on 
your home loan and make it an affordable 
one. 
WHAT IS A HOME LOAN INTEREST RATE? 
A rate of interest is a percentage of the fund that 
a borrower has to pay to the loan provider for 
getting the loan. The amount that one borrows, 
the rate of interest is also charged on that 
amount. This rate of interest is unavoidable and 
has to be given no matter what your amount 
stands for and from where you borrow. A rate of 
interest has various factors responsible and if you 
need a low rate of interest you need to work for 
it. Make sure you use an EMI calculator to 
calculate the rate of interest in the best way so 
that you can find the best 
home loan interest rate. It will help you get an 
affordable loan where you need to pay a low rate 
of interest monthly. 
HOW TO GET A LOW RATE OF INTEREST?
A good income: Income is linked to stability 
and judges your capability to pay the loan 
within a fixed tenure. Your monthly and annual 
income is taken into consideration by every 
loan provider that you seek for a loan. Without 
taking into consideration your income, it is not 
possible to understand your repayment 
capacity. If you have a high income, you are an 
asset to the loan provider and there is low risk. 
Individuals with high income can easily pay the 
EMI monthly without many hurdles.
ELIGIBILITY CRITERIA FOR APPLYING HOME LOAN:
● Nationality
● Age
● Employment Status
● CIBIL score
● Loan details
● Minimum income
DOCUMENTS REQUIRED
● KYC documents – Passport, Driving License, 
Aadhaar Card, Voter Id Card (any one)
● Your employee ID card
● Salary slips of the last 2 months
● Bank account statements for the last 3 months 
(salaried)/ 6 months (self-employed)
● Document of proof of business of minimum 5 
years (for businessmen/ self-employed 
individuals)
The best home loan interest rate is easy to have 
when you calculate the interest rate. It will be 
easily done when you use an 
Home Loan EMI calculator. This makes it easy to 
compare the various loan providers and choose 
the one that gives you the best rate.