Everything you need to know — bank partners, eligibility, documents, pre-approval steps, and EMI planning for your luxury flat purchase.
Fab Luxe Residences is pre-approved by all major banks — faster processing, minimal paperwork
*Interest rates are indicative and subject to change. Actual rate depends on borrower profile, loan amount, and lender policies. Valid as of April 2026.
Banks typically allow 40–50% of net monthly income as EMI. Use this guide to estimate your eligible loan amount.
This is an estimate. Actual eligibility depends on credit score, employer type, age, and bank policy.
Score of 750+ gets best rates. 700–750 gets slightly higher rates. Below 700 may require co-applicant or higher down payment.
Salaried employees at MNC/PSU get best terms. Self-employed need 3 years of ITR. Min. 3 years work experience required.
Banks allow max 40–50% of net income as total EMI commitment (including new home loan + existing EMIs).
Loan tenure can extend up to retirement age (typically 60–65). Younger applicants can get longer tenure and lower EMI.
Adding a working spouse or parent as co-applicant can increase eligibility significantly. Female co-applicants also get 0.05% rate benefit at most banks.
Compare current home loan rates across major banks (indicative rates, April 2026)
Rates are indicative as of April 2026 and subject to change. Actual rate depends on CIBIL score, income, loan amount, and individual bank policy.
Get pre-approved in 48–72 hours with our assisted process
Fill the form below or call us. Share your basic income details and preferred loan amount. This takes 2 minutes.
Our loan advisor collects your KYC, income proof, and property documents. We assist with the paperwork — no running around.
We submit your application to 2–3 banks simultaneously. Credit score is checked (soft inquiry). Eligibility is assessed in 24 hours.
Receive an in-principle approval letter from the bank. This is valid for 3–6 months and confirms your loan eligibility before you book the flat.
After booking, the bank does a final property verification (already done for Fab Luxe — pre-approved project). Disbursement happens in tranches as per the CLP.
Keep these documents ready to speed up your home loan approval
Significant income tax savings available to home loan borrowers under the Income Tax Act
Deduction on interest paid on home loan — up to ₹2 Lakh per year for self-occupied property (old tax regime).
Deduction on principal repayment of home loan, included in the overall ₹1.5 Lakh 80C limit. Stamp duty also qualifies.
Additional ₹50,000 deduction on interest for first-time home buyers (subject to eligibility conditions — consult your CA).
Tax benefits are under the old tax regime. Consult your chartered accountant for personalised tax advice.