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Home Loan in Delhi Apply Online @8.0%

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Home Loan Details

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Property Details

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Employment Details

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Existing EMI

Personal Details

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Co-Applicant Details

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Rate of Interest is high ?
Rate of Interest is high ?

Try Applying for a higher Loan Amount as most bank reduce interest rates as loan amount increases

Not getting the desired Loan Amount?
Not getting the desired Loan Amount?

Try Adding the income of a co-applicant like a working spouse

Have multiple existing loans?
Have multiple existing loans?

Financebuddha can help you consolidate all your loans into one to increase your eligibility

Home Loan in Delhi Details

Home Loan in Delhi

Getting a home loan in Delhi is now very easy and quick with the help of Finance Buddha.

How Finance Buddha can help you get a Home Loan in Delhi?

Getting a home loan from Finance Buddha is very easy. You simply have to fill the application form and submit post which the list of banks for applying loan will be shared with you. This can be compared and the applicant can choose the best one that suits your requirements. Apart from these, it is the responsibility of the applicant to make sure all the documents submitted are valid, accurate and up-to-date.

Home Loan Eligibility Criteria in New Delhi

 Criteria

Salaried

Self Employed

Who is Eligible

People in permanent service in public or private sector.

Self-employed Business - men, doctors, engineers, dentists, architects, CA, CS, consultants, lawyers

Loan Amount

Determined by income, current debt, age, retirement age, number of co-borrowers, maximum loan to value, etc.

Determined by income, current debt, age, retirement age, number of co-borrowers, maximum loan to value, etc.

Borrower Age at Time of Sanction

Between 21 and 60 (or age of requirement, if lower)

Between 21 and 65

Borrower Age at Time of Maturity

Upto 60 (or age of requirement, if lower)

Upto 65

CIBIL Score, Credit History

Typically, a clean CIBIL record with a score above 700 is desirable

Typically, a clean CIBIL record with a score above 700 is desirable

Minimum Income

Some banks specify minimum income to be eligible for loans

Some banks specify minimum income to be eligible for loans

Employment Track Record

Typical requirement of at least 2 years in permanent employment and at least 1 year in current organization, but this varies on a case to case and bank to bank basis.

At least 2 years in the same profession with ITR filed

Balance Transfer

Minimum 12-18 months’ track record of regular repayment of existing loan

Minimum 12-18 months’ track record of regular repayment of existing loan

Home Loan Interest Rates, Fees & Charges in Delhi

Best Home Loan Offers from Top 18 Banks/NBFCs in Delhi (updated 19 Oct,2019)

Home Loans Interest Rates Comparison of Top Banks/NBFC in Delhi

Banks/NBFC Institution Type Minimum Loan Amount Maximum Loan Amount Minimum Tenure Maximum Tenure Interest Rates Fees & Charges
Axis Bank BANK ₹3,00,000 ₹500,00,000 1 Year 30 years 8%  - 11%  Up to 1% (min of ₹10,000) + GST  as applicable
Bajaj Finserv NBFC ₹20,00,000 ₹350,00,000 10 Years 20 years Salaried: 8.85% - 10.30% Up to 0.80% + GST  as applicable
            Self Employed: 9.25% - 11.15% Up to 1.20% + GST  as applicable
Citibank BANK ₹2,10,000 ₹10,00,00,000 1 Year 25 years 8.00%  - 16.00% ₹10,000  + 0.20% of the Loan Amount + GST  as applicable
DHFL HFC ₹1,00,000 ₹30,00,000 1 Year 30 years 10% - 19.07% ₹2,500 + GST  as applicable
HDFC Bank BANK ₹1,00,000 ₹10,00,00,000 1 Year 20 years 8.80%  - 9.55%   Up to 0.50% or ₹ 3,000 (whichever higher) + GST  as applicable
ICICI Bank BANK ₹5,00,000 ₹3,00,00,000 1 Year 30 years 8.35% -9.10%  0.5% + GST  as applicable
IDFC BANK ₹10,00,000 ₹10,00,00,000 1 Year 30 years Salaried: 8.90%  - 10.35%  ₹10,000 to 0.20% of the Loan Amount + GST  as applicable
            Self Employed: 9.05%  - 10.8%  
Indiabulls NBFC ₹15,00,000 ₹30,00,00,000 1 Year 30 years 8.80% ₹10,000 to 1.00% + GST  as applicable
IndusInd Bank BANK ₹1,00,000 ₹1,00,00,000 1 Year 30 years 8.00%  - 16.00% ₹5,000 to 2% + GST  as applicable
Kotak Mahindra Bank BANK ₹5,00,000 ₹10,00,00,000 5 years 20 years 8.90% 0 for online application; Offline application - Upto 1.25% + GST  as applicable
LIC Housing HFC ₹1,00,000 ₹10,00,00,000 1 Year 30 years 9.15% - 10.10%  ₹10,000 - ₹15,000 + GST  as applicable
PNB Housing Finance Ltd. HFC ₹50,000 ₹75,00,000 1 Year 30 years 9.00%  - 12.50%  1% + GST  as applicable
Punjab National Bank BANK ₹1,00,000 ₹500,00,000 3 Months 30 years 8.70%  - 9%  0.35% + GST  as applicable (Min- ₹2,500/; Max- ₹15,000/)
Standard Chartered Bank BANK ₹10,00,000 ₹35,00,00,000 1 Year 25 years 9.31% - 9.85% Up to 1% + GST  as applicable
State Bank of India BANK ₹5,00,000 ₹200,00,000 5 years 30 years 9.10%  - 9.45%  ₹10,000  + 0.20% + GST  as applicable
Tata Capital NBFC ₹2,00,000 ₹500,00,000 1 Year 30 years 8.8% - 11.25% 0.5% + GST  as applicable
Reliance Home Finance Ltd. HFC ₹1,00,000 ₹10,00,00,000 1 Year 30 years 8.90% Up to 2% + GST  as applicable
Vastu Housing Finance Corporation Ltd. HFC ₹500,000 ₹50,00,000 1 Year 20 Years 12.5% - 15.5% Up to 2% + GST  as applicable

Home Loan Documents Required in New Delhi

Some of the common documents required for home loan in Delhi are listed below. These are basic and common documents required from all applicants.

Salaried

Self-employed

1) Application form with photograph

1) Application form with photograph

2) Identity & residence proof

2) Identity & residence proof

3) Last 3 months’ salary slip 

3) Education qualifications certificate & proof of business existence

4) Form 16

4) Business profile,

5) Last 6 months bank salaried credit statements

5) Last 3 years profit/loss & balance sheet

6) Processing fee cheque

6) Last 6 months bank statements

 

7) Processing fee cheque

List of papers / documents applicable to all applicants in Delhi:

  • Completed Home loan application
  • 3 passport size photographs (including those affixed in loan application)
  • Proof of identification: Electoral ID Card / Passport / Driving License / PAN card.
  • Proof of residence: Electoral ID Card / Passport / Electricity Bill / Telephone Bill.
  • Proof business address, in case of non- salaried borrowers
  • Statement of bank account for the last six months
  • Signature identification from present bankers
  • Personal Assets and Liabilities Statements in Bank’s standard format.
  • Brief write up of securities charged in respect of other loans availed from our Bank/other
  • Banks/ Auto & Housing Loan Companies /other sources.
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