Home Loan in
Delhi
Residing in India’s capital city and aspiring to own your dream home? Several top banks and NBFCs in Delhi can help you turn that dream into reality in no time! Home loans in Delhi are available at attractive rates of interest starting from 8.55% per annum. The maximum loan tenure is for up to 30 years. There are several banks and NBFCs in Delhi that allow customers to transfer the balance amount from their existing home loan availed from other lenders. A home loan balance transfer facility is offered at relatively lower interest rates, which attracts existing borrowers. In addition to loan balance transfer, Delhi banks and NBFCs also come up with certain special plans to encourage home loans for rural housing, affordable housing schemes, and home loans without the prerequisite for formal income documents.
Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Home Loan Interest Rates in Delhi
Every bank or NBFC in Delhi offers housing finance to customers interested in purchasing or constructing a residential property at a certain interest rate. These rates are generally competitive, and each bank strives to attract borrowers to avail of a home loan facility with it. The average home loan rate of interest offered at most banks/NBFCs in Delhi starts at 8.55%. The table below lists the different interest rates offered by the various top banks and NBFCs in Delhi (partnered with BASIC Home Loan). It also highlights the financial institution offering the lowest home loan interest rate in Delhi.
| BASIC Bank/NBFC Partner Name | Max Tenure (in years) | Rate of Interest | Processing Fees (INR) | Contact |
|---|---|---|---|---|
 HDFC Bank | 30 | 8.70% - 9.75% | 3,540 - 0.25% | |
 State Bank of India | 30 | 8.75% - 9.75% | 10,000 - 0.25% | |
 Aavas Financiers Ltd | 25 | 13.00% - 17.00% | Min 1.00% | |
 PNB Housing | 30 | 8.75% - 11.95% | 10,000 - 0.50% | |
 Fedbank | 30 | 10.15% - 10.30% | 20,000 | |
 L&T Finance | 30 | 8.75% - 10.30% | 10,000 | |
Tata Capital Ltd. | 30 | 8.95% onwards | 0.25% of the loan amount (Max: Rs. 3,540) |
Eligibility Criteria for Home Loans in Delhi
Salaried Individuals
Citizenship
Indian
Professional Experience
3 years
Age
21 - 62 Years
Monthly Income
Rs. 30,000 (Below 37 years old); Rs. 40,000 (37-45 years old); Rs. 50,000 (Over 45 years old)
CIBIL Score
Over 750
These criteria are subject to variation from one bank to another. It is recommended that you check with the specific bank you are applying to for a home loan for its eligibility requirements.
Document Requirement for Home Loans in Delhi
The home loan application process is incomplete without the applicant submitting a set of required official documents to the bank/NBFC applied to. All banks and NBFCs in Delhi demand these documents as part of the home loan application procedure. Some of the most essential and mandatory home loan documents in Delhi that you may need to submit along with your application are:
|
|
| Proof Of Residency | Aadhaar Card, Valid Passport |
| Proof Of Income | Bank Passbook, Bank statement, Last 3 years IT Return |
| Proof Of Age | PAN Card, Voter ID, Birth Certificate, Registration Certificate Of Establishment |
| Proof Of Employment | Certified Letter from Employee/Company Memorandum |
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