Home Loan in Thane
Thane is a growing business hub with several IT parks and close connectivity to Mumbai, making it a popular choice for investors. The city’s strong infrastructure development adds to its appeal. If you’re planning to buy a home here, home loans with competitive interest rates and repayment tenures of up to 32 years can help make your dream home a reality.
Home Loan in Thane – Details
Thane has become a preferred destination for homebuyers due to its proximity to Mumbai, excellent infrastructure, and green spaces. Property investments here remain rewarding even as prices rise.
Homebuyers in Thane can avail home loans up to Rs. 15 crore with interest rates starting from 8.30% p.a. Flexible repayment options extend up to 30 years, allowing you to choose EMIs that suit your budget.
Loan to Value (LTV) Ratio for Housing Loans in Thane:
| Loan Amount | Maximum LTV Ratio |
| Up to Rs. 30 lakh | Up to 90% |
| Rs. 30 lakh to Rs. 75 lakh | Up to 80% |
| Above Rs. 75 lakh | Up to 75% |
The home loan application process in Thane is smooth, available through both online and offline channels. Online applications require a completed form, scanned documents, and a processing fee, typically ranging from 0% to 0.50% of the loan amount.
Banks and housing finance companies also offer special home loan schemes for women borrowers, defense personnel, and NRIs. Additionally, the home loan balance transfer facility helps you switch to lenders offering better home loan interest rates in Thane.
Ready to buy? Explore the best home loan in Thane options with leading banks and find the ideal housing loan in Thane that matches your profile.
Home Loan Interest Rate in Thane
The way you understand home loan in Thane can save or cost you money, as small rate differences affect your finances a lot over time. Right now, lenders offer competitive rates from 8.30% p.a., making this a good time to look at your options.
Let’s look at current home loan interest rates in Thane from major lenders:
| Lender | Home Loan Interest Rates In Thane | Processing Fees & Charges | Maximum Loan Amount | Maximum Loan Tenure |
| Aavas Financier Limited Home Loan | 8% | 2% | – | 30 Years |
| Aditya Birla Capital Home Loan | 9% – 12.50% | 1% | 10 Crores | 30 Years |
| Andhra Bank Home Loan | 8.15% – 9.20% | 0.50% or ₹15000 + GST (whichever is lower) | – | 30 Years |
| Axis Bank Home Loan | 8.75% – 14% | 1% | 10 Crores | 30 Years |
| Bank of Baroda Home Loan | 8.50% – 10.60% | 0.25%- 0.50% | 10 Crores | 30 Years |
| Bank of India Home Loan | 7.80% – 9.65% | – | 7.50 Crores | 30 Years |
| Bank of Maharashtra Home Loan | 8.40% | 0.25% or 25,000 (whichever is lower) | 1 Crore | 30 Years |
| Canara Bank Home Loan | 8.85%- 11.25% | ₹1,500 – ₹10,000 | 3 Crores | 30 Years |
| Central Bank of India Home Loan | 8.45% – 9.20% | 0.50% or ₹20,000 + GST (whichever of lower) | 75 Lakhs | 30 Years |
| DBS Home Loan | 8.25% – 9.75% | – | 5 Crores | 25 Years |
| Dena Bank Home Loan | 8.25% – 8.35% | 0.50% | 1.5 Crores | 30 Years |
| Dhanalakshmi Bank Home Loan | 7.2% | 1% or ₹10,00 + GST (whichever is higher) | 1 Crore | 30 Years |
| DHFL Home Loan | 8.75% | – | 5 Crore | 30 Years |
| Federal Bank Home Loan | 10.15% – 10.30% | – | 15 Crores | 30 Years |
| HDFC Ltd. Home Loan | 8.50% – 9.60% | 0.50% or ₹3000 (whichever is higher) | 10 Crores | 30 Years |
| IDBI Bank Home Loan | 8.75% – 11.45% | – | 10 Crore | 30 Years |
| IDFC First Bank Home Loan | 8% – 14% | 3% | 10 Crores | 30 Years |
| Indiabulls Home Loan | 8.75% | 1% | 2 Crores | 30 Years |
| Indian Overseas Bank Home Loan | 9.55% | – | – | 30 Years |
| India Shelter Finance Corporation Home Loan | 13% – 20% | 2% – 3% + GST | 50 Lakhs | 20 Years |
| Jammu and Kashmir Bank Home Loan | 8% | 0.25% + GST | 50 Lakhs | 30 Years |
| Karnataka Bank Home Loan | 9.08% – 10.38% | 0.50% – 2% | 5 Crores | 30 Years |
| Karur Vysya Bank Home Loan | 9.23% – 12.13% | ₹2500 – ₹7500 + GST | – | 25 Years |
| Kotak Mahindra Bank Home Loan | 8.85% – 9.40% | 0.50% | 10 Crores | 20 Years |
| LIC HFL Home Loan | 8.70% | 0.30% onwards | 10 Crores | 30 Years |
| PNB Housing Home Loan | 8.50% – 10.85% | – | 2 Crores | 30 Years |
| Reliance Home Finance Limited Home Loan | 9.35% – 13% | 0.50% – 1.50% | – | 20 Years |
| South Indian Bank Home Loan | 7.95% – 9.60% | 0.50% + GST | 15 Crores | 30 Years |
| State Bank of India Home Loan | 9.55% | ₹2000 – ₹10000 + GST | 5 Crores | 30 Years |
| Sundaram Home Finance Ltd Home Loan | 6.95% – 8.30% | 0.50% | 4 Crores | 25 Years |
| Tamilnad Mercantile Bank Home Loan | 9.10% – 9.60% | 0.50% | 5 Crores | 30 Years |
| Tata Capital Limited Home Loan | 8.95% | 2% | 5 Crores | 30 Years |
| Union Bank Home Loan | 8.75% | 0.50% or ₹15000 + GST (whichever is lower) | – | 30 Years |
| Yes Bank Home Loan | 9.15% – 11.25% | 1.5% – ₹10000 (whichever is higher) | 10 crores | 35 Years |
Several factors determine your interest rate:
- Your credit score
- Loan-to-Value (LTV) ratio
- Employment profile
- Property location
- Loan tenure
You’ll need to pick between fixed and floating interest rates. Floating rates start lower at 8.30% p.a., while fixed rates give you stability but cost 1-2% more. Your risk comfort level and market outlook should guide this decision.
Features and Benefits of a Home Loan in Thane
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Competitive Interest Rates: Avail home loans in Thane with interest rates starting as low as 7.45%* p.a. for eligible salaried applicants, making EMIs affordable and manageable.
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Home Loan Balance Transfer: Optimize your existing housing loan in Thane with a balance transfer option at attractive rates from 7.55%* p.a. for salaried borrowers.
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Repayment Tenure up to 32 Years: Choose flexible repayment options with tenures extending up to 32 years, making your home loan in Thane stress-free and easy to manage.
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Hassle-Free Application: Enjoy a simple and quick application process with minimal documentation. Our support team is always ready to assist you with queries.
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External Benchmark Linked Loans: Link your housing loan in Thane to an external benchmark like the Repo Rate for transparent interest rate adjustments and potential rate reductions.
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Online Account Management: Access your home loan account online, track payments, and manage your loan anytime for a seamless experience.
Eligibility Criteria for Home Loan in Thane
To avail a home loan in Thane, borrowers must meet certain eligibility criteria set by lenders. Knowing these requirements beforehand can improve your chances of approval and help you secure a suitable loan.
Let’s look at what you need to qualify for home loans in Thane:
| Criteria | Salaried Individuals | Self-Employed |
| Age Limit | 21-65 years | 21-65 years |
| Minimum Income | Minimum Rs. 10,000/ monthly | Minimum Rs. 2 lakh/ yearly |
| Work Experience | 2 years minimum | 3 years in business |
| Credit Score | 750 or above | 750 or above |
Adding a co-applicant with a stable income can increase your housing loan in Thane eligibility, help you get a higher loan amount, and improve approval chances—especially if you are close to retirement.
This ensures you understand the home loan interest rates in Thane and eligibility requirements before applying, making your home buying process smoother.
Documents Required for a Home Loan in Thane
When applying for a home loan in Thane, you need to submit certain documents to verify your identity, address, income, and property ownership. Here’s a clear guide:
KYC Documents:
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Aadhaar Card, PAN Card (mandatory), Voter ID, Passport, Driving License, Utility Bills
Income Proof:
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Salaried Applicants: Last 3 months’ salary slips, last 6 months’ bank statements, and Income Tax Returns (ITR)
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Self-Employed Applicants: Proof of business, Profit & Loss statements, last 6 months’ bank statements, and ITR
Property Documents:
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Title Deed
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Property Tax Receipts
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Allotment Letter
Note: Additional documents may be requested during loan processing.
How to Apply for a Home Loan in Thane
Applying for a housing loan in Thane is simple and convenient. Follow these steps:
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Visit the online home loan application form.
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Enter personal details such as name, mobile number, and employment type.
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Select the loan type and enter your net monthly income.
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Enter your PIN code and the desired loan amount.
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Generate OTP and submit it in the given field.
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Fill in financial details as requested and complete the form.
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Click ‘Submit’ to send your application.
After submission, a loan representative will contact you to guide you through the next steps. This ensures a smooth process and helps you access the best home loan interest rates in Thane.
Tax Benefits on Home Loan in Thane
Taking a home loan in Thane not only helps you buy your dream home but also provides significant tax advantages, reducing your overall borrowing costs. Here’s a simple guide to the tax benefits you can claim:
Here’s a complete breakdown of the tax benefits you get with your home loan:
| Tax Section | Component | Maximum Deduction |
| Section 80C | Principal Repayment | Rs. 1.5 lakh per year |
| Section 24(b) | Interest Payment | Rs. 2 lakh per year |
| Section 80EEA | Additional Interest | Rs. 1.5 lakh per year |
Key Points:
- Both co-borrowers can claim deductions individually on joint home loans, doubling your tax benefits.
- To avail benefits, you must be both a co-owner and co-borrower of the property.
- Construction must be completed within 5 years of loan disbursement.
- The property should not be sold within 5 years of possession.
- For let-out properties, there is no cap on interest deduction.
- First-time homebuyers purchasing affordable homes (up to ₹45 lakh) may get an additional deduction of ₹1.5 lakh under Section 80EEA (for loans approved between April 1, 2019, and March 31, 2022).
Understanding these tax benefits alongside home loan interest rates in Thane can help you plan your housing loan in Thane more efficiently and save on taxes while repaying your loan.
How NoBroker Helps You
Finding and applying for the best home loan in Thane becomes hassle-free with NoBroker. Through its Home Loan Assistance Service, NoBroker helps you:
- Compare multiple lenders and interest rates in one place.
- Check your loan eligibility instantly with expert guidance.
- Use easy EMI calculators to plan repayments smartly.
- Get end-to-end support, from application to approval, without hidden charges.
- Enjoy paperless processing, saving time and effort.
With NoBroker’s expert support, you can secure the right home loan in Thane at the best rate, ensuring a smooth, transparent, and stress-free home-buying experience.
Conclusion
Buying a home in Thane is not just a smart investment—it’s a lifestyle choice backed by great infrastructure, greenery, and excellent connectivity to Mumbai. With competitive home loan interest rates starting from 8.30% p.a., flexible tenures of up to 30 years, and easy online application options, getting a home loan in Thane has never been simpler. By understanding loan eligibility, comparing lender rates, and planning EMIs in advance, you can make a confident and well-informed home-buying decision.
