Loan details
Loan amount₹60,00,000
₹
Loan tenure20 years
Borrower profile
CIBIL score750+
Best rate summary
Best available rate—
Best EMI (monthly)—
Total interest (best)—
Vs highest rate (saving)—
Lender comparison — current rates (Nov 2024)
| Lender | Rate (p.a.) | Monthly EMI | Total interest | Total cost | vs best |
|---|
Rates as of November 2024. Floating rates — actual rate depends on your CIBIL score, income, property type, and bank's internal credit assessment. Processing fees (0.25%–1% of loan) not included. Always get written rate commitment before finalising. Women borrowers may get 0.05%–0.10% concession at most lenders.
How to get the best rate — PropIQ tips
Do this
• Maintain CIBIL 750+ (saves 0.25–0.50%)
• Apply with woman co-borrower (save 0.05–0.10%)
• Compare at least 3 lenders before deciding
• Negotiate processing fee waiver
• Apply with woman co-borrower (save 0.05–0.10%)
• Compare at least 3 lenders before deciding
• Negotiate processing fee waiver
Avoid this
• Accepting the first offer from your salary bank
• Ignoring the processing fee (can be ₹30K–₹60K)
• Choosing fixed rate without understanding lock-in
• Multiple loan applications (each reduces CIBIL)
• Ignoring the processing fee (can be ₹30K–₹60K)
• Choosing fixed rate without understanding lock-in
• Multiple loan applications (each reduces CIBIL)