Home Loan Guide: Everything You Need to Know in 2024
10 February 2024
# Home Loan Guide 2024
## Eligibility Criteria
- Income: Monthly net income determines max EMI (40-50% of income)
- Credit Score: CIBIL score above 750 gets best rates
- Age: Most banks lend up to age 60-65 for salaried
## Current Interest Rates
- SBI: 8.40% – 9.65% p.a.
- HDFC Bank: 8.45% – 9.85% p.a.
- ICICI Bank: 8.40% – 9.45% p.a.
## Tips
1. Maintain CIBIL score above 750
2. Get pre-approved loan before property search
3. Compare offers from at least 3-4 banks