Home Loan in New Delhi

Last Updated : Jan. 18, 2017, 3:21 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

Home Loan New Delhi Details

Eligibility Criteria

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.