Home Loan in Delhi: Compare Interest Rates and EMI

Last Updated : Sept. 3, 2026, 6:49 p.m.

Home loan interest rates in Delhi currently start from approximately 7.10% per annum. Residents can compare housing loans from leading public-sector banks, private banks and housing finance companies for buying, constructing or renovating a residential property.

The lowest advertised rate is not available to every applicant. Your final rate will depend on your credit score, income, employment, existing EMIs, loan amount, property value and legal acceptability of the property.

Home Loan in Delhi - Key Details

Rates and charges can change. The lender’s sanction letter will contain the rate and conditions applicable to your application.

Current Home Loan Interest Rates in Delhi

Banks generally apply the same home loan rate framework across eligible locations. The actual rate offered in Delhi will be determined after reviewing the borrower and property.

The figures are indicative published rates. Some lenders reserve the lowest rate for applicants with credit scores of 800 or 825 and above.

ICICI Bank’s last standard rate table was stated as valid through 31 August 2026. Its rate should be checked again before the page is published after that date.

Which Bank Offers the Lowest Home Loan Rate in Delhi?

Bank of India and Bank of Maharashtra currently advertise rates starting at around 7.10% per annum. Indian Bank, Union Bank of India and LIC Housing Finance follow closely with rates starting from approximately 7.15%.

The lowest starting rate should be used only to prepare a shortlist. Ask each lender to provide a personalised quotation for the same loan amount, tenure and property.

When comparing offers, check:

• Final interest rate
• Benchmark and spread
• Rate-reset frequency
• Processing fee
• Legal and valuation charges
• Approved loan amount
• Repayment tenure
• Prepayment conditions
• Property approval
• Time required for disbursement

Home Loan EMI in Delhi

Your EMI depends on three principal inputs:

• Loan amount
• Interest rate
• Repayment tenure

The formula is:

EMI = P × R × (1 + R)ⁿ ÷ [(1 + R)ⁿ – 1]

Where P is the principal amount, R is the monthly interest rate and N is the number of monthly instalments.

EMI for a ₹50 Lakh Home Loan for 20 Years

The calculation assumes an unchanged interest rate throughout the tenure. Floating-rate loans can have changes in EMI or remaining tenure after a rate reset.

Home Loan EMI at 7.10%

A longer tenure reduces the monthly EMI but increases the total interest. Compare both before selecting the repayment period.

Types of Properties That Can Be Financed in Delhi

A home loan may be available for:

• A ready-to-move flat
• A resale flat or house
• An under-construction apartment
• A builder-floor property
• A residential property allotted by DDA
• An eligible cooperative group housing society flat
• Construction on an already-owned residential plot
• An approved residential plot with a construction plan
• Renovation or extension of an existing house
• Transfer of an existing home loan

The lender must accept the property’s title, land use, building approvals, construction status and valuation.

Certain leasehold, Lal Dora, unauthorised colony or regularisation-dependent properties may require additional examination. Eligibility can differ considerably between lenders.

Home Loan Eligibility in Delhi

Age

Most lenders require the applicant to be at least 18–21 years old. The maximum permissible age is normally calculated at the end of the loan tenure.

Income

The applicant must have sufficient stable income to pay the proposed EMI after meeting existing financial obligations.

The eligible amount can depend on:

• Monthly take-home income
• Existing loan EMIs
• Credit card obligations
• Number of financial dependants
• Employment or business stability
• Applicant’s age
• Requested tenure

Employment

Eligible applicants generally include:

• Government employees
• Private-sector salaried employees
• Employees of public-sector undertakings
• Self-employed professionals
• Business owners
• Pensioners under selected schemes
• Eligible NRIs

Credit Score

A credit score of 750 or above can improve approval prospects. Some lenders reserve their lowest slabs for applicants with scores of 800 or 825 and above.

A lower score does not automatically mean rejection, but it can result in a higher interest rate, lower approved amount or additional conditions.

Employment and Business Stability

Salaried applicants may need one or two years of total employment history. Self-employed applicants commonly need two or three years of business continuity and income records.

Requirements differ between lenders.

How Much Home Loan Can You Get in Delhi?

The eligible loan amount depends on income, repayment capacity and property value.

Lenders normally finance:

These are indicative regulatory loan-to-value limits. A lender may offer a lower percentage based on the property and borrower.

Stamp duty, registration expenses, brokerage, maintenance deposits and some other transaction costs generally need to be paid from the borrower’s funds.

Delhi Stamp Duty and Registration Charges

Property buyers in Delhi need to budget for expenses that are not covered by the advertised home loan rate.

Stamp Duty

For a sale deed, the Delhi Revenue Department currently states:

• Male buyer: 6% of the applicable property value
• Female buyer: 4% of the applicable property value

Registration Fee

The registration fee is:

• 1% of the applicable property value
• Additional ₹100 pasting charge

Example for a ₹1 Crore Property

The applicable value may be based on the transaction amount or the valuation determined under Delhi’s circle-rate rules, as applicable. Buyers should obtain an updated calculation before registration.

Other Costs to Budget For

Apart from the down payment, stamp duty and registration fee, a Delhi homebuyer may need to pay:

• Loan processing fee
• Legal scrutiny charge
• Property valuation charge
• Mortgage-creation expenses
• Brokerage
• Builder or society transfer charge
• Maintenance or sinking-fund deposit
• Documentation charge
• Applicable taxes
• Property insurance premium
• Home loan insurance premium, if voluntarily selected
• Renovation and shifting expenses

Ask the bank, builder, seller and housing society for written cost statements before finalising the budget.

Documents Required for a Home Loan in Delhi

Identity and Address Documents

• PAN card
• Aadhaar card or another accepted identity document
• Current address proof
• Permanent address proof
• Passport-size photographs

Salaried Applicants

• Recent salary slips
• Salary-account bank statements
• Form 16
• Income-tax returns, if required
• Employment proof
• Details of existing loans

Self-Employed Applicants

• Income-tax returns
• Computation of income
• Profit and loss account
• Balance sheet
• Business bank statements
• GST returns, where applicable
• Business registration or professional-practice documents

Property Documents

Depending on the property, the lender may request:

• Agreement to sell
• Sale deed or previous title deeds
• Allotment letter
• Conveyance or lease deed
• Approved building plan
• Completion or occupancy certificate
• Encumbrance documents
• Property-tax receipts
• Mutation documents
• Builder-buyer agreement
• Society registration and no-objection certificate
• DDA, municipal or other authority approvals
• Construction estimate for a self-constructed house

The exact document list depends on whether the property is freehold, leasehold, resale, under construction, DDA-allotted or society-owned.

Checks for a Resale Property in Delhi

Before purchasing a resale home, examine:

• Ownership and chain of title
• Existing mortgage or charge
• Pending property-tax dues
• Electricity and water dues
• Mutation records
• Sanctioned construction plan
• Completion or occupancy certificate
• Unauthorised additions or alterations
• Society or residents’ association dues
• Seller’s authority to transfer the property
• Original title-document availability
• Leasehold or freehold status

Bank approval is not a substitute for an independent legal title review.

Checks for an Under-Construction Property

Before taking a loan for an under-construction project, check:

• RERA registration, where applicable
• Sanctioned building plan
• Land ownership
• Construction approvals
• Expected possession date
• Construction-linked payment plan
• Delay and refund clauses
• Lender’s project approval
• Builder’s demand schedule
• Pre-EMI obligation during construction

A lender-approved project can simplify processing, but buyers should still perform their own legal and commercial checks.

Home Loan for DDA Properties

Eligible DDA flats can be financed subject to the applicant’s income and the property documents being acceptable to the lender.

Commonly required documents may include:

• DDA allotment or demand-cum-allotment letter
• Payment receipts
• Possession letter
• Conveyance or lease documents
• No-dues or authority documents, where required
• Previous transfer documents for a resale property

The document list will depend on the scheme and whether the flat is being acquired directly or through resale.

Home Loan for Salaried Applicants in Delhi

Salaried applicants can improve their chances of approval by:

• Maintaining regular salary credits
• Keeping existing EMIs under control
• Paying credit card bills on time
• Avoiding multiple loan enquiries
• Maintaining a strong credit score
• Providing consistent employment and address information
• Adding an eligible earning co-applicant where necessary
• Arranging a higher down payment

Government and public-sector employees can also compare specialised schemes offered by SBI, Union Bank, Bank of Baroda and other public-sector banks.

Home Loan for Self-Employed Applicants

Self-employed professionals and business owners can apply by demonstrating stable and adequately documented income.

Lenders may examine:

• Business continuity
• Annual turnover
• Profitability
• Income-tax returns
• GST filings
• Business and personal bank statements
• Existing business loans
• Credit history
• Nature and location of the property

Maintaining separate business and personal accounts can make income assessment easier.

Home Loan Balance Transfer in Delhi

An existing home loan can be transferred to another lender when the new rate and terms offer a meaningful saving.

Before transferring, calculate:

• Outstanding loan amount
• Current and proposed rate
• Remaining tenure
• Processing fee
• Legal and valuation expenses
• Mortgage expenses
• Rate-conversion fee
• Total interest saving

A transfer may not be worthwhile when the outstanding principal or remaining tenure is low.

How to Compare Home Loans in Delhi

Compare Personalised Rates

Obtain quotations based on the same loan amount, tenure and applicant combination. Do not compare one lender’s lowest advertised rate with another lender’s personalised offer.

Compare the Total Cost

Processing fees can differ substantially. Include legal, valuation, documentation and insurance costs in the comparison.

Check Property Acceptability

A lender offering a low rate may not approve the selected property. Confirm the property’s legal and technical acceptability early.

Compare Rate-Reset Terms

For a floating loan, check the benchmark, spread and reset frequency. Also ask whether a reduction in the benchmark will automatically be passed to the account.

Review Prepayment Conditions

Check the rules for part-payment, foreclosure and conversion. Different conditions may apply to fixed-rate and non-individual loans.

How to Apply for a Home Loan in Delhi

1. Calculate the required loan amount and affordable EMI.
2. Check your credit report.
3. Compare personalised offers from several lenders.
4. Keep income and KYC documents ready.
5. Shortlist a legally acceptable property.
6. Submit the loan application.
7. Provide the property documents.
8. The lender will conduct legal and technical verification.
9. Review the sanction letter and charges.
10. Complete the loan and mortgage documents.
11. The lender will disburse the amount according to the transaction or construction stage.

Do not make a large non-refundable payment merely on the basis of an initial loan-eligibility estimate.

Delhi and Delhi NCR Home Loans

This page concerns properties located within the National Capital Territory of Delhi.

Properties in Noida, Greater Noida, Ghaziabad, Gurugram and Faridabad are governed by their respective state authorities and can have different:

• Stamp-duty rates
• Registration charges
• Circle rates
• Property documents
• Development-authority requirements
• Local approvals

Use the relevant city page when financing a property outside Delhi.