Home loans
Need a home loan? We arrange it.
Fourteen years of running loan files alongside property deals in Mumbai and the MMR. We match your profile to the right lender, chase the sanction, and stay on it until the money is disbursed.
Free consultation
We read your income papers before a single application goes out, so you apply where you will actually be sanctioned.
Competitive rates
Partner rates start from 7.50% p.a. We compare the spread, the processing fee and the foreclosure terms — not just the headline number.
Leading banks & NBFCs
One file, six lenders. You get the offers side by side instead of repeating yourself at six counters.
Brickmake Realty is an advisory, not a lender. Sanction and rate are the lender’s decision.
We work with India’s leading banks & NBFCs
Compare our advantages
Why route your loan through Brickmake Realty
The same banks, a very different experience. We package the file once, put it in front of every lender that fits your profile, and negotiate on the parts of the offer most buyers never think to ask about.
Scroll the table sideways to see both columns.
| What you are comparing | With Brickmake Realty | On your own, bank by bank |
|---|---|---|
| Interest rates | From 7.50% p.a. | High interest rates |
| Approval time | 7–15 days | 1–6 months |
| Application process | Simple, fully digital process | Paperwork and multiple bank visits |
| Digital tools | Real-time loan progress tracker | No tracker or digital tools |
| Amount disbursed | Up to 90% | About 70–80% |
| Support | Support throughout the journey | Limited, inconsistent support |
Loan products
Three ways we finance a home
Which one fits depends on whether you are buying, improving what you own, or paying more than you need to on a loan you already have.
Home Purchase Loan
Finance a resale flat, a new-launch booking or an independent house anywhere in Mumbai and the MMR.
- Interest rates from 7.50% p.a.
- Tenure up to 30 years
- Up to 90% financing on the agreement value
- Minimal documentation
Home Improvement Loan
Renovate, extend or repair a home you already own — including society-mandated structural work.
- Quick approval process
- Flexible repayment options
- Secured against the home you already own
- Can be topped up onto a running home loan
Balance Transfer
Move an existing home loan to a lender pricing your profile better today than the one you signed with.
- A lower rate on the outstanding balance
- Top-up facility over and above the transfer
- We handle the foreclosure and the document handover
- Worth checking whenever your spread is above the market
Eligibility
What a lender is actually looking at
Two profiles, two sets of paperwork — and three ratios that decide the answer for both. Knowing where you sit before you apply is what keeps a rejection off your credit report.
If you are salaried
- Age 21 to 60, or your retirement age — whichever falls first at loan maturity
- At least 6 months in the current job and 2 years of total work experience
- Latest 3 months’ salary slips, plus Form 16 or the last 2 years’ ITR
- 6 months of salary-account bank statements showing the credits
If you are self-employed
- Age 21 to 65 at loan maturity
- Three years of business continuity — registration, GST or a professional licence
- Last 2 to 3 years’ ITR with the computation of income, plus P&L and balance sheet
- 12 months of current-account statements; GST returns where you are registered
Above 750 you get the best pricing on offer. Between 700 and 750 you will usually be sanctioned at a higher spread. Below 700, expect a rejection or a co-applicant condition.
Lenders cap all your EMIs together — car loan, personal loan, credit-card minimums and the new home loan — at roughly 40 to 50% of net monthly income. Clearing a small loan before you apply often moves the sanction more than a higher salary would.
RBI-linked caps: up to 90% on loans up to ₹30 lakh, 80% between ₹30 and ₹75 lakh, and 75% above ₹75 lakh — always of the agreement value, never of what you actually pay. The rest is your own contribution.
Checklist
The documents to have ready
A file that goes to a lender complete is a file that comes back sanctioned in a fortnight. One that goes in half-built collects queries for a month.
KYC — every applicant and co-applicant
- PAN card and Aadhaar
- Passport-size photographs
- Proof of current address (utility bill, rent agreement or passport)
Income
- Salaried: 3 months’ salary slips, Form 16 or 2 years’ ITR, 6 months’ bank statements
- Self-employed: 3 years’ ITR with computation, audited financials, 12 months’ statements
- Proof of any other income you want counted — rent, interest, a second business
Property
- Agreement for sale or the builder’s allotment letter
- Chain of title and Index II for a resale flat, plus the society NOC and share certificate
- Approved plans, and the commencement or occupancy certificate where applicable
- MahaRERA registration number for an under-construction project
Own contribution
- Receipts for the booking amount or margin money already paid
- Bank statement showing the debit, so the lender can trace the source of funds
Budget for this in cash
Stamp duty and registration sit on top of the loan
In Maharashtra these are paid to the state, over and above the agreement value, and no lender funds them. Neither is GST on an under-construction home. Add them to your own contribution and you have the real cash requirement on registration day — which is usually where a first Mumbai purchase gets caught.
- Stamp duty
- Charged by Maharashtra on the agreement value or the ready-reckoner value, whichever is higher — currently about 6% in Mumbai including the metro cess, with a 1% concession where the buyer is a woman. Confirm the rate in force on your registration date.
- Registration fee
- 1% of the agreement value, capped at ₹30,000. Payable at the sub-registrar office alongside the stamp duty.
- GST
- Applies on an under-construction home — 1% on affordable housing, 5% otherwise. Nil on a ready, completed home that already has its occupancy certificate.
- Charges around the loan
- Processing fee of roughly 0.25% to 0.50% of the loan (often capped), plus legal and technical valuation charges, and the society transfer and NOC charges on a resale.
Stamp duty, registration and GST rates are set by the state and the GST Council and are revised from time to time. Treat the figures above as indicative and confirm the rate in force on the date your agreement is registered.
Work the numbers
What will it cost you a month?
Move the sliders to see the EMI, the total interest and the split between principal and interest — all in Indian Rupees. Lenders will want your total EMIs to stay inside roughly half your net monthly income.
Eighty Lakh Rupees
Monthly EMI
₹69,426
principal
- Principal
- ₹80 L
- Total interest
- ₹86.62 L
- Total payable
- ₹1.67 Cr
Loan enquiry
Tell us your profile. We will tell you where you stand.
Income, existing EMIs, the ticket size you are aiming at. We will come back with the lenders likely to sanction you, what they will fund, and what you need to keep aside in cash for stamp duty and registration.
About the rates on this page
Rates from 7.50% p.a. are indicative starting rates published by our partner lenders and change without notice. The rate, amount and tenure you are finally offered depend on the lender’s assessment of your profile and of the property. Brickmake Realty is a property advisory, not a lender — we do not sanction or disburse loans, and nothing on this page is an offer of credit.
Home loans
Frequently asked questions
No. In Maharashtra, stamp duty and registration are payable over and above the agreement value and are not funded by the loan — the lender lends against the agreement value alone. Budget for them in cash, along with your own contribution, GST on an under-construction home, and the processing and legal charges.