Home Loan Eligibility Criteria FAQ
Yes, it is possible to take a home loan for 5 years. However, the availability and terms of the loan may vary depending on the lender and your eligibility. You can check your home loan eligibility by using our home loan eligibility calculator.
Typically, home loans have longer repayment tenures ranging up to 30 years. However, you may opt for a shorter loan tenure, such as 3 years depending on your eligibility and the specific terms and conditions of the lender. Keep in mind that shorter loan tenures usually result in higher monthly instalments, so it is essential to assess your financial planning before opting for a shorter tenure.