Buyer's Guide

A Guide To All Your Home Buying Queries.

Home Loans

To be eligible for a home loan, the buyer must be at least 21 years of age with a regular source of income from employment or self-employment. The loan must terminate before or when the applicant turn 65 years of age. The loan amount depends on a number of factors such as age, income, number of dependents, qualifications, assets and liabilities, income stability, business, profits, etc. However, there are ways in which to increase loan eligibility and amount. If a spouse or Finance is earning, applying together as co-applicants can increase the chances of a larger loan amount. In such cases, proof of marriage must be submitted. On the contrary, if there are any co-buyers, they must necessarily be co-applicants. Providing additional security like bonds, fixed deposits, and LIC policies may also help to enhance eligibility. However, the most important factor in sanctioning loans is repayment ability. The total cost includes registration charges, transfer charges, and stamp duties. Therefore, a buyer can avail of these benefits on both the Interest paid and the principal amount repaid adding value to your EMI flow and savings.



Yes. The titles to all Konark Developers properties for sale are clear. Most major banks and financial institutions have approved Konark Developers projects for home loans.

The buyer can borrow up to 80% of the total value of the Agreement. The loan amount, however, may vary depending on the buyer’s income eligibility as determined by the bank. All loans are at the bank’s sole discretion.

Lenders provide home loans for a set amount of time. EMIs with terms ranging from 20 to 25 years can be used to charge off a buyer’s home loan principal and interest. Home loans are sometimes available with terms of up to 30 years. If a buyer chooses a long-term home loan, he/she will have to pay a high-interest rate.

Top Home Loans at Floating Rate


Interest Rate(% p.a.)

Bank of Baroda

6.85 to 8.10

State Bank of India (SBI)

6.90 to 7.50

Canara Bank

6.90 to 7.25

HDFC Bank*

6.90 to 8.20

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