Question 1

What is the current home loan interest rate in Mohali?

Accepted Answer

As of 2026, home loan interest rates in Mohali range from 8.5% to 9.5% depending on your lender and CIBIL score. SBI currently offers 8.5% for salaried borrowers with a score above 750. HDFC starts at 8.75%, PNB at 8.6%, and ICICI at 8.9%. Plot loans carry a premium of 0.5%–1% above home loan rates and have a maximum tenure of 15 years.

Question 2

What is the EMI for a 50 lakh home loan in Punjab?

Accepted Answer

At 8.5% interest over 20 years, the EMI for a ₹50 lakh home loan is approximately ₹43,391 per month. Over 15 years at the same rate, the EMI rises to ₹49,238/month but you save ₹14.3 lakh in total interest.

Question 3

How much down payment do I need for a flat in SAS Nagar?

Accepted Answer

RBI norms mandate a minimum down payment of 10%–25% depending on loan size. For loans above ₹75 lakh, banks require at least 25% down. For a ₹1 crore flat in Mohali, budget ₹30–35 lakh total upfront including stamp duty and registration.

Question 4

Can NRIs get home loans for property in Mohali?

Accepted Answer

Yes. NRIs and PIOs can obtain home loans from Indian banks for property in Mohali. HDFC, SBI NRI, and ICICI all offer NRI home loan products with LTV ratios up to 80%. Repayment must be made through NRE or NRO accounts. Our calculator includes an NRI mode supporting USD and CAD currencies.

Question 5

What are the property registration charges in Mohali?

Accepted Answer

In Punjab, stamp duty is 6% of property value for male buyers and 5% for female buyers or joint registrations. Registration charges are 1%, capped at ₹50,000. For a ₹1 crore flat, this is ₹6.5 lakh payable at the time of registry.

Question 6

What is the difference between a home loan and a plot loan in India?

Accepted Answer

A home loan is for purchasing a built property. A plot loan is for purchasing residential land. Plot loans carry rates 0.5%–1% higher than home loans and have a maximum tenure of 15 years versus 30 for home loans. LTV on plot loans is typically 70%–75%.

Home Loan & Mortgage EMI Calculator for Mohali Real Estate