What is the stamp duty rate in my state?

Varies by state: Maharashtra 6% (5% women), Karnataka 5.6%, Delhi 6% (4% women), Tamil Nadu 7%, UP 7% (6% women), Gujarat 4.9% (3.5% women), Kerala 8%. Plus 1% registration in most states (Maharashtra capped at ₹30,000). Women buyers get 1% concession in most states — register property in wife's name to save.

How much tax can I save on a home loan?

Old regime only: Section 24(b) — interest deduction up to ₹2 lakh/year for self-occupied property. Section 80C — principal repayment within ₹1.5 lakh combined cap. Joint loans double both caps. Section 80EE/EEA — additional interest deduction ₹50K/1.5L for first-home buyers (conditional). New regime forfeits all home loan deductions for self-occupied property.

Is GST charged on home loans?

No GST on the loan itself. GST applies to PROPERTY if under construction: 1% (affordable: ≤₹45L and ≤60 sqm metro / ≤90 sqm non-metro) or 5% (non-affordable). Levied on 2/3 of the gross price (1/3 land abatement). Ready-to-move-in property = zero GST. Resale property = zero GST. Pre-EMI paid during construction is interest deduction-eligible only after OC receipt.

What is the maximum LTV (Loan to Value) on a home loan?

RBI cap: 90% for loans up to ₹30 lakh, 80% for ₹30-75 lakh, 75% above ₹75 lakh. Stamp duty + registration CANNOT be financed by the home loan; budget 20-30% of property value as own-funds. Some banks fund stamp duty as a separate personal loan at higher rates — avoid if possible.

What is PMAY (Pradhan Mantri Awas Yojana) subsidy?

CLSS (Credit-Linked Subsidy Scheme) under PMAY gives first-home buyers an upfront interest subsidy credited as principal reduction. Subsidy: EWS/LIG ₹2.67L, MIG-I ₹2.35L, MIG-II ₹2.30L. Eligibility: household annual income ≤ ₹18L (varies by category), carpet area 30-200 sqm depending on category, female ownership/co-owner mandatory for EWS/LIG. Check pmaymis.gov.in.

How much income do I need for a ₹50 lakh home loan?

EMI on ₹50L at 8.5% for 20 years ≈ ₹43,391/month. Banks cap FOIR at 50-60% of net monthly income. So you need ≥ ₹86K net monthly salary = ~₹13-15L gross annual CTC. Joint applications allow combined income, but same 50% FOIR ceiling. Existing EMIs (car, personal loan, credit card) reduce eligibility.

Should I prepay my home loan or invest the surplus?

Math: if home loan rate > expected post-tax investment return, prepay. Current 8.5% home loan (post tax benefit effectively 6.5-7% for old-regime borrowers) vs equity MF at ~12-13% post-tax (LTCG at 12.5%) — investing typically wins over 10+ year horizon. BUT: psychological benefit of being debt-free + forced savings discipline often favors prepayment. Split: 50% prepay, 50% invest.

Can I get a home loan on under-construction property?

Yes. Bank disburses in instalments linked to construction stages (CLP/TLP). You pay "pre-EMI" (interest only) during construction — not tax-deductible until OC receipt. Post-OC, full EMI begins and interest deduction can be claimed over 5 years in ₹2L/year instalments. Higher risk vs ready-to-move-in (project delays, builder default).

What is Home Loan Balance Transfer?

Transferring your existing home loan to another bank at a lower rate. Process: new bank pays off old bank + takes over loan. Fees: processing fee ~0.5% of outstanding, valuation ~₹3-5K. Break-even: 6-24 months typical at 50-100 bps rate differential. Our Balance Transfer blog post has detailed worked examples.

What is Section 80EE / 80EEA?

Additional first-home-buyer interest deductions on top of Section 24(b). 80EE: ₹50K/year for loans sanctioned 1-Apr-2016 to 31-Mar-2017 (old). 80EEA: ₹1.5L/year for loans sanctioned 1-Apr-2019 to 31-Mar-2022 (property value ≤ ₹45L). Both are OLD regime only and no longer available for new loans. Check your sanction date.

Home Loan Calculator — India, FY 2026-27

Total cost of homeownership: EMI, stamp duty by state, registration, GST on under-construction property, and Section 24(b)/80C tax savings. Net cost of ownership computed end-to-end.

Last updated: 16 April 2026Reviewed by MoneyKit EditorialMethodology

Property & loan inputs

Property value (₹)

₹1.00 crore

Loan amount (₹)

₹80.00 lakh

Interest rate (% per year)

Tenure (years)

State / UT

Property registered in a woman's name (where state offers rebate)

Under-construction property (attracts GST)

Joint loan (each co-owner can claim ₹2L Sec 24b + ₹1.5L 80C)

Estimate tax savings (Section 24b + 80C)

Marginal tax bracket (%)

Monthly EMI: ₹69,426
Acquisition cost: ₹1.06 Cr
Total outgo (lifetime): ₹1.93 Cr
LTV: 80.0%

Acquisition cost (one-time)

Home-loan acquisition cost breakdown — EMI, stamp duty, registration, GST, and lifetime outgo.
Property value	₹1,00,00,000
Stamp duty (6%)	₹6,00,000
Registration	₹30,000
Total acquisition cost	₹1,06,30,000

Lifetime outgo

Home-loan acquisition cost breakdown — EMI, stamp duty, registration, GST, and lifetime outgo.
Down payment	₹20,00,000
Total EMI payments over tenure	₹1,66,62,206
of which: principal repaid	₹80,00,000
of which: interest paid	₹86,62,206
Stamp duty + registration	₹6,30,000
Total lifetime outgo	₹1,92,92,206

Estimated tax savings (old regime)

Annual Section 24(b) on interest: ₹60,000
Annual Section 80C on principal: ₹45,000
Lifetime tax savings: ₹21,00,000
Net cost of ownership: ₹1,71,92,206

Straight-line annual estimate. New regime forfeits these deductions for self-occupied property.

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How the home loan cost calculator works

The sticker price of a home is only the start. By the time you take possession you also owe stamp duty (5–9% of property value depending on the state), registration (~1%), GST if the property is under-construction (1% affordable / 5% non-affordable), and then twenty years of EMI payments—most of which are interest. This calculator turns all of that into a single “total lifetime outgo” figure and then nets out the tax savings you actually get from Sections 24(b) and 80C, leaving you with a true net cost of ownership.

The four cost buckets

Down payment — property value minus loan amount. Indian banks typically lend 75–90% LTV (lower for the most expensive properties), so a ₹1 crore home generally needs ₹15–25 lakh of own funds.
EMI payments over the loan tenure — principal plus interest, computed using the standard EMI formula. Over 20 years at 8.5%, total interest typically equals the principal itself.
Stamp duty + registration — one-time on registration of the sale deed. Varies hugely by state; many states give a 1–2% rebate when the property is registered in a woman’s name.
GST on under-construction property — 1% (affordable, ≤₹45L & carpet ≤60sqm metro) or 5% (non-affordable), charged on 2/3 of the gross price (the other 1/3 is deemed land value, exempt). Ready-to-move-in property carries no GST.

Stamp duty — the state-by-state lottery

India has no central stamp duty rate. Every state revenue department sets its own. Highlights:

Lowest — Jharkhand 4%, Gujarat 4.9% (3.5% for women).
Median — Maharashtra 6% (5% women), Karnataka 5.6%, Delhi 6% (4% women), Rajasthan 5%.
Highest — Puducherry 9%, Assam 8.25%, Kerala 8%, Andhra Pradesh / Telangana / MP 7.5%.

On a ₹1 crore property the difference between Gujarat woman buyer (₹3.5 lakh) and Puducherry single buyer (₹9 lakh) is ₹5.5 lakh— material when budgeting closing costs.

Registration charge

Most states charge a flat 1% of property value for registration of the sale deed. Some exceptions:

Telangana — 0.5%
Maharashtra — 1% capped at ₹30,000 (a meaningful saving on high-value properties)
Kerala / Odisha / Chhattisgarh — 2–4%

GST on under-construction

Notification 1/2018-CT(R) and amendments fix two GST rates on residential under-construction property:

1% (no input tax credit) — affordable housing: carpet area ≤60sqm in metros (Mumbai, Delhi NCR, Kolkata, Chennai, Hyderabad, Bengaluru) or ≤90sqm in non-metros, AND value ≤₹45 lakh.
5% (no input tax credit) — non-affordable residential.
0% — ready-to-move-in property (transaction is sale of completed immovable property, outside GST).

Both rates apply on 2/3 of the gross consideration (the other 1/3 is deemed land value and exempt). On a ₹1 crore non-affordable UC flat the GST liability is roughly ₹3.33 lakh.

Tax benefits under Sections 24(b) and 80C (old regime)

Two parts of the home-loan EMI qualify for income tax deductions under the old regime:

Section 24(b) — interest paid on a home loan, capped at ₹2 lakh per year for a self-occupied property. Let- out property has no cap, but the loss from house property usable against other income is capped at ₹2 lakh (balance carried forward eight years).
Section 80C — principal repayment, up to the combined ₹1.5 lakh 80C cap (shared with PPF, ELSS, EPF, life insurance premium, tuition fees, etc.).
Stamp duty — the stamp duty paid in the year of purchase is also eligible under Section 80C up to the same ₹1.5 lakh combined cap. (We don’t separately model this; if your 80C is otherwise fully utilised, the stamp duty saving is marginal.)

For a joint loan with two co-owners (both names on the loan agreement and the sale deed), each co-owner can independently claim the full ₹2 lakh 24(b) and ₹1.5 lakh 80C—effectively doubling the household’s deduction limits. The joint-loan toggle on the form models this.

Critical caveat: the new tax regime (default since FY 2023-24) forfeits Section 24(b) entirely on self-occupied property and removes 80C deductions. If you’re on the new regime, the tax-savings block is informational only—your actual saving is zero. Use our income tax calculator to decide which regime is better for you given the home-loan deductions.

LTV and own-funds requirements

RBI rules cap home-loan Loan-to-Value (LTV) at:

90% for loans up to ₹30 lakh
80% for ₹30–75 lakh
75% for above ₹75 lakh

Stamp duty and registration cannot be financed by the home loan— these come out of own funds, on top of the down payment. Budget at least 20–30% of property value as cash on hand for a typical ₹1 crore purchase.

Worked example — ₹1 crore property in Maharashtra

Property ₹1 crore, loan ₹80 lakh at 8.5% for 20 years, woman buyer, ready-to-move:

Down payment: ₹20 lakh
Stamp duty (5% woman rate): ₹5 lakh
Registration (capped at ₹30,000): ₹0.30 lakh
Acquisition cost: ₹1.05 crore
Monthly EMI (₹80L @ 8.5% 20yr): ₹69,426
Total EMI payments over 20 yr: ₹1.67 crore
Total lifetime outgo: ₹1.92 crore
Annual Section 24(b) saving (30% bracket, capped): ₹60,000
Annual Section 80C saving (capped, shared): ₹45,000
Lifetime tax savings: ₹21 lakh
Net cost of ownership: ₹1.71 crore

Frequently asked questions

Can I claim stamp duty separately under 80C?: Yes, in the year of purchase, but it shares the ₹1.5 lakh combined cap with PPF / EPF / ELSS. If you’re already maxing 80C elsewhere, the stamp duty deduction is a wash.
Why does my actual tax saving differ from the calculator?: The calculator uses a straight-line annual interest estimate (total interest / tenure). In reality, year-1 interest is much higher than year-20 interest, so the 24(b) cap binds in early years and not later. The lifetime total is approximately right; year-by-year varies.
Is the LTV from RBI a hard cap?: Yes, for scheduled commercial banks. NBFCs may stretch slightly above. Some banks bundle stamp duty and registration into a secondary unsecured loan—this is technically distinct from the home loan.
How accurate is this calculator?: EMI math is verified against published SBI / HDFC / ICICI tables (within ₹1). Stamp duty rates are the latest published by each state IGR portal as of 2026-04-17. Cross-checked against Magicbricks / 99acres calculators for 13+ scenarios.

Sources

State revenue department / IGR portals (each state)
CBIC GST notification 1/2018-CT(R) on UC residential property
Section 24, 80C of Income Tax Act 1961 (Finance Act 2024 amendments)
RBI Master Directions on housing finance LTV norms

Disclaimer. Stamp duty rates change frequently in state budgets. Always verify the current rate on your state’s IGR (Inspector General of Registration) portal before transacting. Tax benefits depend on your residency status and choice of regime each year—consult a Chartered Accountant for filing decisions.

Eligibility worked example — ₹1 lakh net monthly salary

Banks compute home-loan eligibility using the FOIR (Fixed Obligation to Income Ratio) test: your existing EMI obligations + new home-loan EMI must not exceed 50-55% of net monthly income. The FOIR concept is referenced in the RBI Working Group on Consumer Credit report. Let’s work through a realistic scenario.

Step	Calculation	Amount
Net monthly take-home	Gross CTC ₹16L − tax ₹2.4L − PF/insurance ₹1.6L = ₹12L/yr	₹1,00,000
FOIR ceiling (typical)	55% of net (banks cap 50-60% by income bracket)	₹55,000
Less: existing EMIs	Car loan ₹30K + personal loan ₹15K + credit card EMI ₹5K	−₹50,000
Available EMI capacity	FOIR ceiling minus existing obligations	₹5,000
Max home loan @ 8.5%, 20yr	EMI ₹5K supports loan ≈ ₹5.76 lakh — far too small	₹5.76 lakh

Lesson: existing EMI obligations devastate home-loan eligibility. The same ₹1L salary with ZERO existing EMIs supports a ~₹63 lakh home loan at the 55% FOIR ceiling (₹55K/month EMI × 240 months × discount factor). Strategies to lift eligibility:

Pre-close high-EMI loans — closing a ₹30K car-loan EMI lifts eligibility by ~₹34 lakh (same 8.5%, 20yr math).
Add a co-applicant — spouse/parent income adds to the household FOIR pool (same 55% applies to combined net income).
Extend tenure — 30yr instead of 20yr increases eligibility by ~18% (lower per-rupee EMI).
Reduce credit-card outstanding — banks count 5% of credit-card outstanding as “phantom EMI” against FOIR.

Top-8 bank home loan rate comparison (floating)

Floor rates are reserved for salaried borrowers with CIBIL score ≥ 750 and loans ≥ ₹75 lakh. Standard CIBIL bands: 750+ (best rates), 700-749 (eligible at standard rates), 650-699 (higher rates with conditions), below 650 (usually rejected). Higher rates apply for self-employed, smaller loans, or lower credit scores. Plus GST (18%) on processing fee.

Bank	Rate range (floating)	Processing fee	FOIR cap
SBI	8.50%-9.65%	0.35% (max ₹10,000)	55-65%
HDFC Bank	8.50%-9.40%	Up to 0.50% (₹3,000 min)	50-65%
ICICI Bank	8.75%-9.85%	0.50%-1.00% (max ₹11,000)	50-65%
Axis Bank	8.75%-9.70%	Up to 1.00% (max ₹25,000)	50-60%
Kotak Mahindra	8.85%-9.80%	Up to 0.50% (max ₹10,000)	50-60%
Bank of Baroda	8.40%-10.65%	0.25% (max ₹7,500)	55-65%
PNB	8.50%-10.10%	0.35% (₹2,500-15,000)	55-65%
LIC Housing	8.50%-10.75%	0.25% (max ₹10,000)	50-60%

Rates last verified against published bank rate cards on May 31, 2026. RBI repo currently 6.50%. EBLR/RLLR floating loans reset every 3 months and are linked to the repo per the RBI external benchmark circular dated 4 September 2019. Bank-published rates are floors; your actual offer depends on credit score, loan amount, property location, and employment category.

Home loan tax benefits FY 2026-27 (Old regime only)

The new tax regime (default since FY 2023-24 for salaried) forfeits all home loan deductions for self-occupied property. If you have a home loan, run both regimes through our income tax calculator before locking in your regime declaration with HR.

Section 24(b) — Interest

Deduct home loan interest from “Income from House Property” (Income-tax Act, 1961).

Self-occupied: capped at ₹2 lakh/year.
Let-out: no cap on interest; full deduction against rental income.
Loss carryforward: house-property loss usable against other income capped at ₹2 lakh; balance carried forward 8 years.
Pre-construction interest: claimable in 5 equal annual instalments starting the year of OC/possession.
30% bracket max benefit: ₹2L × 31.2% (with cess) = ₹62,400/year tax saving.

Section 80C — Principal

Principal repayment qualifies, but shares the combined ₹1.5 lakh 80C cap (Income-tax Act, 1961).

Cap: ₹1.5 lakh/year (combined with PPF, ELSS, EPF, life insurance premium, tuition fees).
Stamp duty + registration: also eligible under 80C in the year of purchase (same combined cap).
Lock-in: 5 years; if you sell within 5 years, deductions claimed are reversed and added back to income.
Joint loan doubling: co-owner + co-borrower = each claims independently. Couple = ₹3 lakh combined.
30% bracket max benefit: ₹1.5L × 31.2% = ₹46,800/year (if 80C not already full from EPF/PPF).

Combined max benefit (single borrower, 30% slab): ₹62,400 + ₹46,800 = ₹1,09,200/year. Over a 20-year loan: ~₹21.8 lakh in lifetime tax savings (assuming 80C not otherwise maxed and you stay in old regime + 30% slab the whole time). Joint loan with both co-borrowers in the 30% slab roughly doubles this to ~₹43.6 lakh — material on a ₹50L+ loan.

Section 80EE (₹50K) and Section 80EEA (₹1.5L) — additional first-home buyer interest deductions for affordable housing (stamp-duty value ≤ ₹45 lakh) — are no longer available for new loans; eligibility sunset in 2017 and 2022 respectively. Pre-existing loans within sanction-date windows can continue to claim.

Popular home loan amounts

Home loan calculator — eligibility & rates FAQ

How is home loan EMI calculated in India?

EMI = [P x R x (1+R)^N] / [(1+R)^N - 1], where P = principal, R = monthly interest rate (annual rate / 12 / 100), N = number of monthly instalments (years x 12). Example: ₹50 lakh at 8.5% for 20 years gives R = 0.007083, N = 240, EMI ≈ ₹43,391. Total payment ≈ ₹1.04 crore, of which ₹54.14 lakh is interest. Banks use the same formula but apply monthly rest (interest compounds monthly on the reducing balance).

What is the maximum home loan I can get on a ₹1 lakh net monthly salary?

Banks use FOIR (Fixed Obligation to Income Ratio), typically capped at 50-55% of net monthly income for salaries above ₹50K. On ₹1L net with no existing EMIs, available EMI capacity = ₹50K-55K/month. At 8.5% for 20 years, that supports a loan of ~₹57-63 lakh. If you have ₹15K of existing EMIs (car/personal loan), capacity drops to ₹35-40K = ~₹40-46 lakh loan. Rule of thumb: max home loan ≈ 60x net monthly income.

What is LTV (Loan to Value) in a home loan?

LTV is the loan as a percentage of property value. Per the RBI Master Circular on Housing Loans, caps are: 90% for loans up to ₹30 lakh, 80% for ₹30-75 lakh, 75% for loans above ₹75 lakh. Stamp duty and registration cannot be included in the financed amount — you pay these from own funds. So on a ₹1 crore property: max loan ₹75 lakh, down payment ₹25 lakh, plus ~₹6-9 lakh stamp duty + registration. Budget 30-35% of property value as cash on hand. Source: rbi.org.in.

Should I take a fixed or floating rate home loan?

Floating rate (RLLR-linked) is cheaper at origination, typically 50-100 bps below fixed. Floating rates fluctuate with the RBI repo rate (currently 6.50%). Fixed rates lock the rate for 2-5 years (rarely full tenure). Over a 20-year tenure, RBI repo has averaged ~6%, but spiked above 8% in 2008 and 2022-23. Choose floating if (a) you expect rates to fall, (b) you may prepay early — RBI banned prepayment charges on floating loans, (c) you can absorb 200 bps shock. Choose fixed if you need budgeting certainty and rates are at a cyclical low.

What is the difference between MCLR and RLLR (Repo-Linked Lending Rate)?

MCLR (Marginal Cost of Funds Lending Rate) is an internal bank benchmark; RLLR (Repo-Linked Lending Rate) is pegged directly to the RBI repo rate. Per the RBI circular dated 4 September 2019, all new floating retail loans (home, auto, MSME) must be linked to an external benchmark (EBLR) — typically the RBI repo rate. RLLR loans reset every 3 months and pass through RBI repo changes immediately. MCLR loans reset every 6 or 12 months and lag repo cuts. If you have a pre-2019 MCLR loan, you can request a switch to RLLR (one-time fee ~₹5-10K) — usually a 30-50 bps saving. Source: rbi.org.in.

How does prepayment affect home loan EMI?

Two options: (1) reduce EMI keeping tenure constant — frees up monthly cash flow, (2) reduce tenure keeping EMI constant — saves dramatically more total interest. Tenure-reduction is mathematically superior. Example: ₹50L loan @ 8.5% for 20yr, prepay ₹5L at year 5: tenure-reduction saves ₹22 lakh interest vs ₹12 lakh from EMI-reduction. Per RBI's 2019 master directive, banks cannot charge prepayment penalties on floating-rate home loans by individuals. Fixed-rate loans may carry 1-2% prepayment charge. Always confirm in your sanction letter.

What is the processing fee on a home loan?

Banks charge 0.25%-0.50% of the sanctioned loan amount as processing fee, with most capping it between ₹10,000 and ₹25,000. SBI: 0.35% (min ₹2K, max ₹10K). HDFC: 0.50% (max ₹3K + GST for salaried). ICICI: 0.5%-1% (capped at ₹11K). Plus: legal verification ₹3-5K, technical valuation ₹3-5K, CERSAI ₹100, stamp on loan agreement ₹0.1%-0.3% of loan amount (state-dependent). Total upfront fees typically ₹15-30K on a ₹50 lakh loan. Festival offers (Q3 FY) often waive processing fee entirely.

Are prepayment charges allowed on home loans?

Per RBI's DBOD circular DBOD.Dir.BC.107/13.03.00/2013-14 (August 2014), banks cannot levy prepayment or foreclosure charges on FLOATING-RATE home loans taken by INDIVIDUAL borrowers. This applies regardless of source of funds (own savings, sale proceeds, refinance). Fixed-rate home loans may carry a prepayment penalty of 1%-2% of the prepaid amount. For dual-rate loans (fixed initially, floating after reset), the fixed-period penalty applies only while you're in the fixed window. NBFC home loans follow similar rules but check the sanction letter — some NBFCs charge a small ₹500-1K administrative fee. Source: rbi.org.in.

What tax benefits are available on a home loan in FY 2026-27?

Old regime ONLY (new regime forfeits these): Section 24(b) — interest deduction up to ₹2 lakh/year on self-occupied property (no cap on let-out, but house property loss capped at ₹2L). Section 80C — principal repayment within the ₹1.5 lakh combined cap (shared with PPF, ELSS, EPF, tuition). Stamp duty + registration also eligible under 80C in the year of payment. Joint loans (co-owner + co-borrower) double both caps — total ₹7 lakh deduction per year per couple. Section 80EEA (loans sanctioned by 31-Mar-2022, property ≤ ₹45L) gave an additional ₹1.5L; no longer available for new loans.

How does the RBI repo rate change affect my floating home loan EMI?

On an RLLR/EBLR-linked floating loan, RBI repo rate changes typically reset to your loan within 1-3 months. Banks pass on the change either by adjusting (a) the EMI amount or (b) the tenure — most banks default to tenure adjustment to avoid cash-flow surprises. A 25 bps repo hike on a ₹50L loan @ 8.5% for 20 years tenure-extends by ~6 months. A 50 bps cut shortens tenure by ~13 months. You can request a switch from tenure to EMI adjustment via a written application — useful when your loan is near maturity.

EMI Calculator

Calculate monthly EMI with full amortization, prepayment options and PDF download.

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From our guides

Sources & last-verified dates

RBI Master Circular — Housing Finance / Housing Loans (Loan-to-Value norms: 90% for loans ≤ ₹30 lakh, 80% for ₹30-75 lakh, 75% for > ₹75 lakh). rbi.org.in. Verified: 2026-05-31.
RBI Notification DBOD.Dir.BC.107/13.03.00/2013-14 (August 2014) — Levy of Foreclosure Charges/Pre-payment Penalty on Floating Rate Term Loans (prohibits foreclosure/prepayment charges on individual floating-rate home loans). rbi.org.in. Verified: 2026-05-31.
RBI Notification — External Benchmark Based Lending, 4 September 2019 (mandates EBLR/RLLR for new retail floating-rate loans). rbi.org.in. Verified: 2026-05-31.
Income-tax Act, 1961 — Section 24(b): Interest deduction on housing loan, capped at ₹2 lakh per year for self-occupied property; uncapped for let-out (with ₹2L house-property loss limit against other income). incometaxindia.gov.in. Verified: 2026-05-31.
Income-tax Act, 1961 — Section 80C: Principal repayment on housing loan deductible within the overall ₹1.5 lakh combined cap (shared with PPF, ELSS, EPF, life insurance premia, tuition fees). incometaxindia.gov.in. Verified: 2026-05-31.
Income-tax Act, 1961 — Section 80EEA: Additional ₹1.5 lakh interest deduction for first-time buyers of affordable housing (stamp-duty value ≤ ₹45 lakh), available for loans sanctioned between 1 April 2019 and 31 March 2022; not available for new loans after sunset. incometaxindia.gov.in. Verified: 2026-05-31.
TransUnion CIBIL — Official credit-score thresholds and CIBIL score interpretation bands (750+ best, 700-749 standard, 650-699 conditional, below 650 high-risk). cibil.com. Verified: 2026-05-31.
RBI Working Group on Consumer Credit — references on FOIR (Fixed Obligation to Income Ratio) norm methodology used by banks to gauge retail loan eligibility (typical cap 50-55% of net monthly income). rbi.org.in. Verified: 2026-05-31.
RBI Master Direction — Reserve Bank of India (Interest Rate on Advances) Directions, 2016 (governs MCLR / EBLR benchmark frameworks for floating-rate retail loans). rbi.org.in. Verified: 2026-05-31.

Accurate to the rupee. Stamp duty rates current as of April 17, 2026 per state IGR portals. Bank rate comparison verified May 31, 2026.