Home loan by type
Home Loan for Women.
A modest rate discount at most lenders — but the real saving is usually the 1-2% stamp duty concession many states offer when the property is registered in a woman's name.
- Principal amount
- ₹50,00,000
- Total interest
- ₹52,24,720
- Total amount
- ₹1,02,24,720
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹1,02,558 | ₹4,08,678 | ₹48,97,444 |
| 2 | ₹1,11,343 | ₹3,99,893 | ₹47,86,099 |
| 3 | ₹1,20,886 | ₹3,90,350 | ₹46,65,213 |
| 4 | ₹1,31,245 | ₹3,79,991 | ₹45,33,968 |
| 5 | ₹1,42,493 | ₹3,68,743 | ₹43,91,476 |
| 6 | ₹1,54,701 | ₹3,56,535 | ₹42,36,774 |
| 7 | ₹1,67,959 | ₹3,43,277 | ₹40,68,816 |
| 8 | ₹1,82,351 | ₹3,28,885 | ₹38,86,464 |
| 9 | ₹1,97,978 | ₹3,13,258 | ₹36,88,486 |
| 10 | ₹2,14,944 | ₹2,96,292 | ₹34,73,544 |
| 11 | ₹2,33,361 | ₹2,77,875 | ₹32,40,182 |
| 12 | ₹2,53,359 | ₹2,57,877 | ₹29,86,823 |
| 13 | ₹2,75,071 | ₹2,36,165 | ₹27,11,753 |
| 14 | ₹2,98,641 | ₹2,12,595 | ₹24,13,112 |
| 15 | ₹3,24,232 | ₹1,87,004 | ₹20,88,880 |
| 16 | ₹3,52,016 | ₹1,59,220 | ₹17,36,864 |
| 17 | ₹3,82,182 | ₹1,29,054 | ₹13,54,682 |
| 18 | ₹4,14,932 | ₹96,304 | ₹9,39,751 |
| 19 | ₹4,50,488 | ₹60,748 | ₹4,89,263 |
| 20 | ₹4,89,091 | ₹22,145 | ₹172 |
Where the real savings come from
The interest rate discount for women is typically small — 0.05-0.10% at most lenders, though Central Bank of India offers 0.25%. The bigger number is stamp duty: many states cut 1-2% off the registration cost when a woman is the (or a) registered owner, and combined with PMAY subsidy eligibility where applicable, total savings on a single purchase can reach ₹3-5 lakh.
Frequently asked questions
Do women get a lower home loan interest rate?
At most lenders, yes, though the discount is typically modest — around 0.05-0.10% below the standard rate. A few lenders offer more, like Central Bank of India's scheme at 0.25% below standard for women as sole or primary co-applicants.
What's the bigger financial benefit for women home buyers — the rate discount or something else?
Stamp duty is usually the bigger saving, not the interest rate. Many states offer a 1-2% stamp duty concession when the property is registered in a woman's name — Delhi and Haryana offer close to 2% lower rates, and some states provide direct rebates. Combined with potential PMAY subsidy eligibility, total women-specific savings on a single purchase can reach ₹3-5 lakh.
Does the tax benefit change if a woman is the co-applicant?
Home loan tax deductions on principal, interest, and stamp duty can be claimed by whoever is named as the applicant or co-applicant paying the respective amounts — so structuring a woman as co-applicant can help a household claim benefits across two names rather than one, subject to each person's own tax situation.