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Empower Your Aspirations with Smart Lending.

From your first home to business expansion, we provide the right lending solutions for every milestone.

Explore Loans

Used for purchasing, constructing, or extending a residential property.

Apply for a Home Loan up to ₹2 Cr with PHIR Wealth Finance. Low interest rates, fast approvals with flexible repayment options. Enjoy a simple online process with quick support by our dedicated team to counsel and provide approval with minimal paperwork at a competitive rate as per the eligibility norms. With affordable EMIs designed to suit your budget, start your journey to home ownership with confidence for a smooth and customer friendly experience.

Calculate EMI & Check Eligibility

Loan amount (Rs.) ₹25,00,000
5L 5Cr
Loan Tenure (Years) 10 Years
5Y 30Y
Interest Rate (% p.a) 11%
10.5% 20%
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Your home loan EMI is

₹0

Principal Amount

₹0

Interest Amount

₹0
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Calculate your Home loan EMI and Eligibility

Use our simple Home loan EMI Calculator and Eligibility Calculator, Just enter your loan amount, tenure and interest rate to instantly know your monthly EMI and check your eligibility in seconds.

Calculate your Home loan EMI and Eligibility

Before applying for a Home Loan, it is important to understand the key factors that affect your eligibility. Our simple guide below will help you assess your chances of approval by considering essential criteria like monthly income, credit score, employment status, age, and property value. This way, you can plan your home purchase confidently and smoothly.

  • Salaried & Self-Employed
  • Income:- The monthly salary or income for salaried and self-employed is ₹35000
  • Age: 21 to 70 years for salaried and 23 to 70 years for self-employed
  • Loan Tenure: Up to 30 years
  • Loan Amount: ₹ 3,00,000 to ₹ 2,00,00,000
  • Nationality: Indian

Home loan Interest rates & Charges

Understanding the interst rate and charges associated with a housing finance is crucial when planning your finances. Below are the details of our competitive home loan interest rates, processing fees, and other applicable charges.

Policy Type

Purpose & Key Benefit

Interest Rates

9.99% onwards

Loan Amount

₹ 3,00,000 to ₹ 2,00,00,000

Processing Fees

Up to 5% of loan amount + applicable taxes

Loan Tenure

Up to 30 years

Part Pre-Payment of Home Loan

Fixed-rate HL: 2% of the principal of loan being prepaid + Applicable taxes

  • NHL for business purpose (individual): 4% of principal of loan being prepaid + Applicable taxes
  • NHL by non-individual: 4% of price of loan being prepaid + Applicable taxes

Stamp Duty

At actuals + Applicable taxes

Cash/ Overdue EMI/ PEMII collection Charges

₹ 500 + applicable taxes

Loan Repayment Instrument Dishonor Charges

₹ 750

Loan cancellation after disbursal/ cheque handover

₹ 5,000 + Interest accrued & due + Applicable taxes

Documents required applying for home loans

Policy Type

Purpose & Key Benefit

Term Insurance

Protection for a set period; a benefit is paid to dependants in case of death or permanent disability.

Whole Life Insurance

Guaranteed lifelong protection and an ideal way to create an inheritance for your heirs.

Endowment Policy

A savings-linked policy with a specific maturity date or death/disability benefits.

Money Back Plans

Provides periodic survival benefits (a percentage of the sum assured) during the policy term.

Children Policies

Regular income for post-retirement. Includes Immediate Annuity (starts now) and Deferred Annuity (accumulates for the future).

ULIPs

A mix of investment and protection where the investment risk is borne by you as the investor.

Home loans Do & Don’t- webpage

The Do’s

  • Check your Eligibility
  • Maintain a Good Score
  • Compare Interest rates
  • Prepare your Documents
  • Choose the right loan tenure

The Don’ts

  • Don’t Borrow more than you can pay
  • Don’t Ignore additional cost
  • Don’t make Big Purchases before applying
  • Don’t Rush
  • Don’t skip reading the fine print

How to Improve Your Home Loan Eligibility?

Boost your chances of home loan approval by following these key strategies.

  • Choose a Co-Applicant with a Good Credit Score: Apply with someone who has a strong credit history. This can help improve your loan application.
  • Keep a High Credit Score (750+): A score above 750 shows you're reliable, making approval easier.
  • Ensure Timely Debt Repayment: Paying your debts on time helps improve your credit and shows you are financially responsible.
  • Declare Extra Income: Include additional income, such as rent or freelance work. This can help boost your loan eligibility and repayment ability.
  • Choose a Longer Loan Term: A longer loan period lowers monthly payments. This makes it easier to get a bigger loan.
  • Keep Your Fixed Obligation to Income Ratio (FOIR) Below 40%. A lower FOIR means you spend less of your income on debts. This makes you a more attractive borrower.
  • Make a Larger Down Payment: Paying more at the start lowers the loan amount. This can help you gain approval and lower your monthly payments.

Home Loan EMI Formula

If you are curious about the math behind it, here is how Home Loan EMI is calculated:

But don’t worry, our Home Loan Monthly EMI Calculator does the hard part for you in milliseconds. Your data is 100% secure and never shared and our Home Loan EMI calculator uses up-to-date interest rates.

Example

But don’t worry, our Home Loan Monthly EMI Calculator does the hard part for you in milliseconds. Your data is 100% secure and never shared and our Home Loan EMI calculator uses up-to-date interest rates.

  • Rate: $9.49% = (9.49/100/12) = 0.0079083$
  • EMI: $₹50,00,000 x 0.0079083 x (1+0.0079083) / [(1+0.0079083) – 1]
  • EMI: ₹46,574

Similarly, you can calculate home loan EMI for different principal and tenures.