PropyMart's Loan Advisor takes your property value, monthly income, employment type and CIBIL score, and matches you to the best-fit lender across 8 leading Indian banks. The AI returns a ranked shortlist, expected interest rate band, eligibility outlook and processing-fee comparison — saving you 5+ branch visits and the rate-shopping run-around.
AI Home Loan Advisor — Best Bank Match for You
Reviewed by Nas, PropyMart AI · AI Property Advisor · Last updated 2026-10-31
How do I use the Loan Advisor?
- Inputs: property value, income, employment, credit score
- Output: ranked bank shortlist with rate, eligibility and tips
- Covers SBI, HDFC, ICICI, Axis, BoB, PNB, Kotak, LIC HFL
- Helps salaried and self-employed profiles
- Pair with EMI Calculator to model the recommended loan
How to use the Home Loan Advisor
- Enter your income. Enter take-home income, existing EMIs and age.
- Describe your profile. Select employment and credit score; add joint income if relevant.
- Set the property value. Set the property value to see the loan-to-value cap.
- Compare, then verify. Compare scenarios and lenders, then verify terms directly.
- Plan the cash. Check affordability and keep cash aside for upfront costs.
Three buyers. Three different starting points.
Illustrative situations, computed with this tool’s method. Rates indicative · Oct 2026.
Pune · A first home on one salary
Salaried, age 29. ₹85,000/month net income; ₹7,000 existing EMIs. 50% FOIR leaves ₹35,500/month. 30 years at 8.5%, for a ₹60 L home. Eligibility · EMI ₹35,500: ₹46.17 L
Kolkata · A couple planning together
Joint salaried, age 36. ₹1,45,000/month net income; ₹12,000 existing EMIs. 50% FOIR leaves ₹60,500/month. 24 years at 8.5%, for a ₹95 L home. Eligibility · EMI ₹60,500: ₹74.23 L
Ahmedabad · A business owner buying later
Self-employed, age 46. ₹1,20,000/month net income; ₹18,000 existing EMIs. 45% FOIR leaves ₹36,000/month. 19 years at 8.75%, for a ₹70 L home. Eligibility · EMI ₹36,000: ₹39.95 L
What questions does the Loan Advisor answer?
Which bank gives the lowest home loan interest rate?
Bank of Baroda and SBI typically start from 8.4–8.5% for prime profiles. Private banks (HDFC, ICICI, Axis) cluster at 8.7–8.85%. LIC HFL is competitive at 8.5%.
How much home loan can a salaried person get?
Typically 60× monthly net income, capped at 80–85% loan-to-value of the property. A ₹1 lakh/month salaried profile usually qualifies for ~₹45–60 lakh depending on age and existing EMIs.
Self-employed vs salaried — who gets a better rate?
Salaried profiles get 25–50 bps lower rates due to predictable income. Self-employed profiles need 3 years of ITRs, audited financials and may need a higher down payment.
What credit score is required for a home loan?
750+ unlocks the best rates. 700–749 is standard. Below 700, expect a 25–75 bps rate premium or partial rejection — fix the score before applying.
Can I take a joint home loan with my spouse?
Yes — and it is recommended. Both incomes add to eligibility, both get the ₹2 lakh interest + ₹1.5 lakh principal tax deduction under sections 24(b) and 80C, and women co-applicants often get a 5 bps rate concession.
What is the typical processing fee?
0.25–1% of the loan amount + 18% GST. SBI is the lowest; private banks are higher but often run waiver promos in Q4 of the fiscal year.
Should I take a fixed or floating rate home loan?
Floating is cheaper today (RBI in cut cycle). Pick fixed only if you expect rates to rise sharply over the next 3 years; otherwise floating with annual review is the consensus pick.
Can I refinance my existing home loan to a lower rate?
Yes — balance transfer to a bank offering 50+ bps lower rate is worthwhile if you have 5+ years tenure remaining. Account for the 0.5% processing fee on the transferred amount.
Does checking eligibility affect my CIBIL score?
Not here. This tool uses your inputs locally and does not contact a credit bureau. A lender’s formal application may involve a credit enquiry.
Why can the eligible amount be lower than the bank’s headline limit?
We cap obligations at 50% of net income for salaried profiles and 45% for self-employed profiles, reduce capacity by existing EMIs, and cap tenure by assumed retirement age. We also cap the loan at 80% of your target property value. Lenders use their own rules.
Are joint-loan tax benefits automatic?
No. Benefits depend on the applicable tax regime, co-ownership, co-borrowing, actual repayment share, completion status and other conditions. The older reference answer above should not be read as a universal entitlement; consult a tax professional.
Does a lower advertised rate guarantee a better loan?
No. Ask for the APR and a Key Facts Statement, and compare processing and legal fees, reset frequency, benchmark spreads and prepayment terms. Published rates and concessions may not apply to your profile.