Loan lena aaj ke time me normal baat hai. Kabhi ghar kharidna ho, kabhi renovation karna ho ya kabhi emergency medical expense ho — bank aur NBFCs ke paas har solution available hai.
Sabse zyada confuse karne wali situation tab hoti hai jab aapko ek bada expense cover karna ho aur aapko decide karna ho ki Home Loan lena better hai ya Personal Loan.
Dono loans ke apne-apne benefits aur drawbacks hai. Agar aap galat loan choose karte ho to aapko unnecessary high EMI aur interest bharna pad sakta hai.
Chaliye is article me detail me samajhte hain: Home Loan vs Personal Loan – which is better for Indians in 2025.
Home Loan ek secured loan hai jisme aapko apna ghar/property mortgage karna padta hai.
Purpose: Ghar kharidna, construction, renovation ya property investment.
Loan Amount: ₹5 Lakh – ₹5 Crore (depend karta hai income aur property value pe).
Tenure: 10 – 30 years
Interest Rate: 8% – 10.5% (approx)
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Personal Loan ek unsecured loan hai — matlab aapko koi collateral nahi dena padta.
Purpose: Shaadi, travel, education, medical, renovation, emergency expenses.
Loan Amount: ₹50,000 – ₹25 Lakh
Tenure: 1 – 5 years
Interest Rate: 11% – 24% (higher than home loan)
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| Feature | Home Loan | Personal Loan |
|---|---|---|
| Type | Secured | Unsecured |
| Collateral | Ghar/Property | Nahi |
| Loan Amount | ₹5 Lakh – ₹5 Cr | ₹50k – ₹25 Lakh |
| Tenure | 10 – 30 years | 1 – 5 years |
| Interest Rate | 8% – 10.5% | 11% – 24% |
| Approval Time | 7–15 din | 24–72 hours |
| Tax Benefits | Haan (Sec 80C, 24B) | Nahi |
| Usage Restriction | Sirf property ke liye | Har purpose ke liye |
Advantages
✅ Lowest interest rate compared to other loans
✅ Long repayment tenure → EMI manageable hota hai
✅ Tax benefits (80C – principal, 24B – interest)
✅ High loan amount
Disadvantages
❌ Collateral required (property pledge)
❌ Processing aur approval time zyada
❌ Prepayment penalty in some cases
Advantages
✅ No collateral required
✅ Fast approval (24–48 hours)
✅ Flexible usage (shaadi, education, emergency, travel sab ke liye)
✅ Less documentation
Disadvantages
❌ Higher interest rate (up to 24%)
❌ Short tenure (max 5 years) → EMI zyada hota hai
❌ No tax benefits
❌ Loan amount limited
👉 Choose Home Loan If:
Aapko ghar/property kharidna hai ya renovation karna hai.
Aapko bada loan chahiye (₹10 Lakh+).
Aap tax benefit lena chahte ho.
Aapko long tenure (20+ years) chahiye with low EMI.
👉 Choose Personal Loan If:
Aapko quick paisa chahiye emergency ke liye.
Aapko collateral nahi dena hai.
Aapko short term me chhota loan chahiye (₹50k – ₹5 Lakh).
Aap fast approval chahte ho (24–48 hours).
Ravi (Age 30, Software Engineer, Bangalore)
Wants to renovate his house → Loan amount ₹8 Lakh
Option 1: Home Loan Top-up → 9% interest, 15 years tenure → EMI ~₹8,100
Option 2: Personal Loan → 15% interest, 5 years tenure → EMI ~₹19,000
👉 Clearly, home loan top-up zyada economical hai.
Priya (Age 27, Teacher, Delhi)
Needs ₹2 Lakh for her wedding
Option 1: Home Loan not possible (no property)
Option 2: Personal Loan → 16% interest, 3 years → EMI ~₹7,050
👉 Personal loan better choice.
Q1. Home loan lena better hai ya personal loan?
👉 Agar ghar/property ke liye hai to home loan best hai (low interest + tax benefit). Short-term needs ke liye personal loan better hai.
Q2. Kya home loan fast approve hota hai?
👉 Nahi, personal loan zyada fast hota hai. Home loan me property verification hota hai isliye time lagta hai.
Q3. Kya dono loans ek sath le sakte hai?
👉 Haan, agar aapke repayment capacity strong hai to dono loans parallel liye jaa sakte hai.
Q4. Kaunsa loan CIBIL score improve karega?
👉 Dono improve karte hai agar timely repayment karo.
2025 me loan lena simple ho gaya hai, lekin right decision lena important hai.
Home Loan = long-term investment, low EMI, tax benefits.
Personal Loan = short-term need, fast approval, but costly.
👉 Agar aapko bada amount chahiye ghar ya property ke liye → Home Loan best hai.
👉 Agar aapko quick chhota loan chahiye emergency ke liye → Personal Loan best hai.
Smart choice hamesha aapke need, tenure aur repayment capacity pe depend karta hai.