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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.
Eligibility & Quotes from top PSU & Pvt. Banks | Lowest Interest Rates | Comfortable Tenure
Best Bank for Home Loan in Delhi with Address
|Banks||Main Branch Address||Home Loan Interest Rate (p.a.)|
|SBI||11, Sansad Marg, New-Delhi- 110001||6.95% - 7.60%|
|HDFC Ltd||H-69, Outer circle, Connaught place, New-Delhi- 110001||6.95% - 8.00%|
|ICICI Bank||Mohata Building, Bhikaji Cama Place, New Delhi- 110066||7.45% - 8.55%|
|Axis Bank||Statesman House, 148 Barakhamba Road, New Delhi- 110001||7.75% - 8.55%|
|PNB HFL||8th Floor DCM Building16, |
Barakhamba Road, C P,
New Delhi - 110001
|8.60% - 9.45%|
|Indiabulls HFL||M-62 & 63 At 1st Floor, M-103 & 104 At 2nd Floor,Cannaught Place, New Delhi||8.99% Onwards|
|Bank of Baroda||Asaf Ali RD, Jeevan Vikas Bhawan, 30/31 A, New Delhi - 110002||6.85% - 7.85%|
|DHFL||C-93, 9th Floor, Himalaya House, K.G Marg, Connaught Place - 110001, New Delhi||9.05% - 9.95%|
|LIC HFL||LIC Housing Finance Limited |
Jeevan Prakash, 7th Floor, P. B. No. 102, 25, Kasturba Gandhi Marg,
New Delhi - 110001, Delhi
|7.40% - 8.85%|
|IDBI Bank||Red Cross Road, IRCS Building, P.O. no.- 231, New Delhi- 110001||7.80% - 8.80%|
Home Loan New Delhi Details
|Interest Rate||6.70% - 14.00%|
|Processing Fee||0% to 1.25 % of the loan amount|
|Tenure/ Repayment||1-30 years|
|Particulars||Salaried Individuals||Self-Employed Individual||Partnership Firm||Private/Public Ltd. Company(in existence for at least 3 years)|
|Age||The applicant should be above 21 years old at time of application, and less than 58 years of age at time of maturity of the loan||Any proprietor, partner, professional or director above 21 years but below 65 years at the time of the loan maturity.|
|Income||Gross annual income of at least ₹ 1,80,000 per annum||Gross annual income of at least ₹1,80,000lakhs||Firm should have a minimum PAT (profit after tax) of ₹3 lakhs||Minimum PAT (profit after tax) of ₹3 lakhs|
|Job Stability||The total employment stability should be more than 2 years and current employment stability of minimum 1 year||Business stability should be more than 3 years|
- 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.