Finance your dream home with ₹500,000, compare rates from top banks and HFCs, check eligibility, and apply online with transparent pricing.
Loan amount
₹5,00,000
Starting rate
8.50% p.a.
Disbursal
7–15 days
Get ₹5,00,000 Home Loan at 8.50%* p.a.
Compare 30+ lenders instantly
Disbursal in 7–15 days
Zero impact on credit score
Your EMI will be
₹4,339
Total Interest Payable
₹5,41,388
Total Amount Payable
₹10,41,388
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Rates, fees, and disbursal timelines are indicative and may vary by lender, profile, and loan amount. *Terms & conditions apply.
| Feature | Details |
|---|---|
| Loan Amount | 5 Lakh |
| Interest Rate | 8.40% – 11% p.a. |
| Repayment Tenure | Up to 30 years (360 months) |
| Processing Fee | 0.25% – 1% of loan amount |
| Disbursal Time | 7–15 working days |
| CIBIL Score Required | 700+ (750+ for best rates) |
| Collateral Required | Yes (property as security) |
| Minimum Income | Rs 30,000 |
| Prepayment Charges | Nil on floating rate (lender-specific on fixed) |
| Bank/NBFC | Interest Rates (% p.a.) | Processing Fees |
|---|---|---|
| SBI Home Loans | 8.40 onwards* | Up to 0.35% |
| HDFC Bank | 7.75% – 7.90% onwards | Up to 0.50% |
| Bank of Baroda | 7.20% – 9.00% | Up to 0.50% |
| Axis Bank | 8.35% – 11.90% | Up to 1% |
| ICICI Bank | 7.45% onwards | Up to 1% |
| Kotak Mahindra Bank | 7.70% onwards | Up to 1% |
| LIC Housing Finance | 7.15% onwards | Up to 0.50% |
| Bajaj Housing Finance | 7.15% onwards | Up to 1% |
| PNB Housing Finance | 7.90% onwards | Up to 1% |
| IDFC First Bank | 8.85% onwards | Up to 1% |
| IndusInd Bank | 7.50%–9.10% onwards | Up to 1% |
| Yes Bank | Not reliably confirmed | Up to 1% |
| Tata Capital Housing | 7.50%–9.20% onwards | Up to 1.25% |
| Aditya Birla Housing | 7.75%–9.00% onwards | Up to 1% |
| Godrej Housing Finance | Not reliably confirmed | Up to 1.25% |
| IIFL Home Finance | 8.75% onwards | Up to 1.50% |
| L&T Housing Finance | Not reliably confirmed | Up to 1.50% |
*Bikesh Finserv special rates
Note: Rates as of 6th June 2026
An EMI calculator helps you estimate your monthly repayment before you apply. For a Rs. 5 lakh home loan, your EMI depends on the interest rate and tenure you choose — knowing this upfront helps you plan your budget with confidence.
Use our home loan EMI calculator to try different combinations, or refer to the sample tables below for quick reference.
| Loan Amount (Rs.) | Interest Rate (p.a.) | Tenure | EMI (Rs.) | Interest Cost (Rs.) |
|---|---|---|---|---|
| 5 lakh | 8.50% | 20 years | 4,339 | 5,41,388 |
| 5 lakh | 9% | 20 years | 4,499 | 5,79,671 |
| 5 lakh | 10% | 20 years | 4,825 | 6,58,026 |
| Loan Amount (Rs.) | Interest Rate (p.a.) | Tenure | EMI (Rs.) | Interest Cost (Rs.) |
|---|---|---|---|---|
| 5 lakh | 8.50% | 15 years | 4,924 | 3,86,266 |
| 5 lakh | 8.50% | 20 years | 4,339 | 5,41,388 |
| 5 lakh | 8.50% | 25 years | 4,026 | 7,07,841 |
Compared to bigger loan brackets, most lenders find it easier to grant a Rs. 5 lakh home loan because it is one of the lesser loan amounts; nonetheless, you will still need to meet the usual eligibility requirements set by home loan lenders. This is a thorough explanation of what banks and HFCs usually look for before accepting your application.
| Aspect | Salaried | Self-employed |
|---|---|---|
| Credit risk | Lower credit risk (stable salary) | Moderate credit risk (variable income) |
| Availability | Easier approval with salary slips and Form 16 | Requires ITRs, business proof, and bank statements |
| Interest rates | Lower interest rates at same profile | Slightly higher rates unless strong financials |
| Pre-approved offers | Pre-approved home loan offers available | Pre-approved offers less common |
| Lender coverage | Widely offered by all banks and HFCs | Offered with stricter income assessment and documentation |
Below-mentioned are the documents required to apply for a Rs. 5 lakh home loan. Keep digital copies ready for a faster, fully online application.
| Particulars | Charges |
|---|---|
| Loan Processing Fees | 0.25% to 1% of loan amount |
| Legal & Technical Evaluation | As per actuals (typically Rs. 5,000 – Rs. 15,000) |
| Prepayment / Part-prepayment / Foreclosure Charges | Floating Rate: Nil; Fixed Rate: Usually around 2% – 4% on outstanding principal |
| Loan Cancellation | Usually around Rs. 3,000 – Rs. 5,000 |
| Stamp Duty & Registration | As per state norms |
| MODT / Mortgage Charges | As per actuals |
| Penal Charges | Usually @ 2% per month on overdue amount |
| EMI / Cheque Bounce | Around Rs. 500 per bounce |
You can apply for a home loan through Bikesh Finserv in the following steps:
Yes, it is completely feasible to obtain an Rs. 5 lakh house loan even if your CIBIL score is low. A score of 750 or above is said to be optimum for obtaining the best interest rates and quickest processing, with the majority of Indian lenders treating 700 as the unofficial minimum threshold for home loan approval. However, even though the terms are typically less favorable, applicants with lower scores can still have their house loans authorized through Bikesh Finserv.
What a Low CIBIL Score Actually Means for You: Lenders will usually still approve a loan if your score is between 650 and 699, but they will price in the additional risk. You can anticipate an interest rate that is about 1% to 2.5% higher than what a borrower with a score of 750 or higher would receive, as well as a lower sanctioned loan-to-value (LTV) ratio, which would require you to make a larger down payment. Mainstream banks make it much more difficult to approve applications below 650, but some NBFCs and housing finance companies are still willing to consider them, albeit with more stringent requirements, such as a co-applicant with a better credit profile, more proof of income, or a larger equity contribution.
Why Home Loans Are More Forgiving Than Unsecured Credit: Compared to unsecured goods like personal loans, many lenders are far more accommodating when it comes to home loans because they are secured by real estate. Even in cases when the borrower's credit history is flawed, the property itself serves as collateral, lowering the lender's risk. This leniency does not, however, apply to all aspects of the process; regardless of your CIBIL score, technical valuation, income assessment, and legal verification of the property title remain stringent because the lender still requires assurance that the security supporting the loan is sound.
What Improves Your Chances: A few factors can meaningfully improve your approval odds and the rate you're offered even with a lower score: Stable, verifiable income: salary slips, Form 16, or ITRs that clearly show repayment capacity; Lower existing EMI obligations: a cleaner FOIR (Fixed Obligation to Income Ratio) works in your favour; A co-applicant with a strong CIBIL score: this can offset a weaker individual score; A larger down payment: reducing the LTV ratio lowers the lender's risk exposure; Clean, dispute-free property documentation: speeds up the legal and technical review.
Improving Your Score Before You Apply: Even a small improvement in your CIBIL score, paying off past-due balances, lowering credit utilization below 30%–40%, and making on-time EMI or credit card payments for a few months can move you from the "higher rate" bracket into a more competitive one if your loan timeline permits some flexibility. This could result in significant interest savings over the course of the loan.
A low CIBIL score isn't a hard stop for a Rs. 5 lakh home loan; it just means the terms will reflect the extra risk the lender is taking on. However, the majority of leading private and public sector banks may issue home loans at higher interest rates for lower credit scores.
Got questions?
EMI depends on interest rate and tenure. At 8.50% p.a. for 20 years, EMI is around Rs. 4,339. At 9.50% for the same tenure, it is around Rs. 4,661. Use the calculator on this page or our home loan EMI tool to try different combinations.
Most lenders prefer a minimum monthly income of Rs 30,000 for salaried applicants. Self-employed borrowers may need to show stable income through ITRs and bank statements for the last 2–3 years.
Yes, though approval is harder with scores below 700. Banks may offer higher rates or lower LTV. Since home loans are secured against property, lenders may still consider applicants with lower scores if income and property title are strong.
After document verification and property legal/technical evaluation, disbursal typically takes 7–15 working days. Pre-approved customers with complete property papers may receive faster disbursal.
You generally need KYC, income proof (salary slips or ITRs), bank statements, sale agreement or allotment letter, approved building plan, and property title documents.
Floating-rate home loans usually have nil prepayment charges. Fixed-rate loans may charge 2%–4% on the outstanding principal. Always check your lender's schedule of charges before signing.
Yes. Lenders assess business vintage (usually 3+ years), ITRs, bank statements, and credit score. Interest rates may be slightly higher than for salaried borrowers with similar profiles.
Rates typically range from 8.40% to 11% p.a. depending on lender, credit score, income, property type, and LTV. Applicants with 750+ CIBIL scores usually qualify for the best rates.
Compare offers, check eligibility, and get funds for your Rs. 5 lakh home loan.
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