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Home Loan in New Delhi

Home Loan in New Delhi

Last Updated : Sept. 25, 2019, 3:16 p.m.

About Home Loan in New Delhi

New Delhi is the capital city of India. It has been the hub of many cultural and financial center of India. It’s a city where people come from all parts of India to search for better opportunities. Delhi being the capital city attracts a lot of financial prospects. The city is home to people from across the country and they constantly search for the place to call it their home and the property are always in demand. But, if you have yet not bought a home for yourself, some of the top banks and NBFCs have several branches across the city. You can have a look at the interest rate on home loans and choose the best home loan provider in Delhi. Have a look at the details below, the interest rate, eligibility criterion, and documentation required.

Best Bank for Home Loan in Delhi with Address

BanksMain Branch AddressHome Loan Interest Rate (p.a.)
SBI11, Sansad Marg, New-Delhi- 1100019.15% - 11.30%
HDFC LtdH-69, Outer circle, Connaught place, New-Delhi- 1100018.50% - 9.40%
ICICI BankMohata Building, Bhikaji Cama Place, New Delhi- 1100669.00% - 10.05%
Axis BankStatesman House, 148 Barakhamba Road, New Delhi- 1100018.75% - 9.15%
PNB HFL8th Floor DCM Building16,
Barakhamba Road, C P,
New Delhi - 110001
8.50% - 11.95%
Indiabulls HFLM-62 & 63 At 1st Floor, M-103 & 104 At 2nd Floor,Cannaught Place, New Delhi9.30% Onwards
Bank of BarodaAsaf Ali RD, Jeevan Vikas Bhawan, 30/31 A, New Delhi - 1100028.50% - 10.60%
DHFLC-93, 9th Floor, Himalaya House, K.G Marg, Connaught Place - 110001, New Delhi9.05% - 9.95%
LIC HFLLIC Housing Finance Limited
Jeevan Prakash, 7th Floor, P. B. No. 102, 25, Kasturba Gandhi Marg,
New Delhi - 110001, Delhi
8.50% - 10.75%
IDBI BankRed Cross Road, IRCS Building, P.O. no.- 231, New Delhi- 1100018.80% - 12.25%

Home Loan New Delhi Details

Interest Rate6.70% - 14.00%
Processing Fee0% to 1.25 % of the loan amount
Tenure/ Repayment1-30 years

Eligibility Criteria

ParticularsSalaried IndividualsSelf-Employed IndividualPartnership FirmPrivate/Public Ltd. Company(in existence for at least 3 years)
AgeThe applicant should be above 21 years old at time of application, and less than 58 years of age at time of maturity of the loanAny proprietor, partner, professional or director above 21 years but below 65 years at the time of the loan maturity.
IncomeGross annual income of at least ₹ 1,80,000 per annumGross annual income of at least ₹1,80,000lakhsFirm should have a minimum PAT (profit after tax) of ₹3 lakhsMinimum PAT (profit after tax) of ₹3 lakhs
Job StabilityThe total employment stability should be more than 2 years and current employment stability of minimum 1 yearBusiness stability should be more than 3 years

Documents Required

  • Proof of Identity – PAN Card/Driving License/ Voter ID/Passport/Aadhar Card.
  • Proof of address- Passport/Utility bill/Aadhar card
  • Proof of Income – Latest salary slip/ ITR/Form-16
  • Bank Statement- Last 3 months bank statement/ last 6 months bank passbook.
  • Property Documents – Agreement sale copy, Certificate of possession, Land tax receipt, the detailed cost of construction, Letter of allotment, Original NOC.

About Home Loan

The home loan can be used for the purchase of new home, construction of the house, buying a flat, renovation or enlargement of your home. It is one of the convenient ways to fulfill your dream of having an abode for yourself come true. The banks provide the low-EMI on home loans if you fulfill the eligibility criteria and have all the documents with you. You can avail the home loan as per your need and eligibility. The maximum tenure of repayment is 30 years. Also, the interest rate incurred vary from bank to bank but it incurs less interest rate on a home loan than any other loan product.

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