Home Loan in Delhi

Home loans in Delhi are available for residential, construction and investment purposes. These loans can finance up to 90% of a property’s value. With rising market competition, housing loans in Delhi are available at friendly terms and low processing fees. An aware borrower can easily get the lowest home loan interest rate in Delhi. Read this guide to get the cheapest home loans in Delhi.

Highlights of Home Loan in Delhi

Housing Loans in Delhi come with loads of features. They aim to simplify property purchases for the borrowers. Take a quick look at some of the standout features before we proceed to the cheapest home loans in Delhi.

Interest Rate (p.a) 8.40% onwards
Time Period Up to 30 years
Loan to Value (LTV) Ratio 75%-90%
Down Payment 10%-25%
Processing Fee  0.25% onwards
Prepayment Charges  NIL

Best Home Loan Offers in Delhi - Dec 2024

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DHFL

DHFL Home Loan in Delhi starting at.

11%

YES Bank

YES Bank Home Loan in Delhi starting at.

9.4% - 10.25%

IndiaBulls

IndiaBulls Home Loan in Delhi starting at.

8.99% - 9.75%

ICICI Bank

ICICI Bank Home Loan in Delhi starting at.

8.85% - 9.1%

HDFC Bank

HDFC Bank Home Loan in Delhi starting at.

8.7% - 9.7%

Axis Bank

Axis Bank Home Loan in Delhi starting at.

8.7% - 13.3%

Canara Bank

Canara Bank Home Loan in Delhi starting at.

8.5% - 11.25%

IndusInd Bank

IndusInd Bank Home Loan in Delhi starting at.

8.5% - 10.57%

Bank of Baroda

Bank of Baroda Home Loan in Delhi starting at.

8.4% - 10.6%

State Bank of India

State Bank of India Home Loan in Delhi starting at.

8.4% - 10.15%

Punjab National Bank

Punjab National Bank Home Loan in Delhi starting at.

8.4% - 10.25%

Indian bank

Indian bank Home Loan in Delhi starting at.

8.4% - 9.9%

Bank of India

Bank of India Home Loan in Delhi starting at.

8.4% - 10.85%

Union Bank of India

Union Bank of India Home Loan in Delhi starting at.

8.35% - 10.9%

Bank of Maharashtra

Bank of Maharashtra Home Loan in Delhi starting at.

8.35% - 11.15%

CITI Bank

CITI Bank Home Loan in Delhi starting at.

8%

Eligibility Criteria for Home Loan in Delhi

Loan seekers have to satisfy certain basic eligibility criteria to get the cheapest home loans in Delhi. Take a quick look at them below:

Criterion Parameter
Age 18-70 years
Nature of employment Salaried/Self-employed/Pensioners
Minimum income  ₹25,000-₹30,000 per month
Citizenship Indian citizens
Work experience  Specified years of experience at the current and previous organisation(s).
Credit score 750 or higher

Note : Use our Home Loan Eligibility Calculator to check your eligibility in seconds!

Home Loan EMI Calculator

  • 5 Lac
  • 20 Cr
Years
  • 5
  • 30
%
  • 6
  • 20

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹10,00,000

Interest Payable

Total Amount Payable

Get your latest Credit Score, FREE

Home Loan in Delhi – An Overview

We all know that buying a property in Delhi is already an expensive affair. Well, guess what? It’s about to get even costlier. Reports predict a steep rise in property prices in Delhi. But, prospective home buyers need not worry. Home loans in Delhi provide adequate financial assistance to turn your dream of owning a house into a reality.

Housing loans in Delhi help you purchase your first apartment, renovate an existing one or construct your dream house from scratch. Owing to high demand, lenders offer competitive loan terms. Customers can avail high LTV ratios, affordable interest rates and comfortable repayment periods. Read on to learn about the best home loan rates in Delhi in this comprehensive piece.

How to Get a Home Loan in Delhi with Fast Disbursement?

We offer digital as well as in-person services to home loan seekers in Delhi. Read about them below to get the lowest home loan interest rates in Delhi.

Digital Applications

For quick approvals, apply online following these steps:

  • Log on to www.urbanmoney.com.
  • Select ‘Home Loan’ from the ‘Loans’ menu.
  • Scroll down the page to select ‘Delhi’ as your city.
  • Select a suitable offer from the city’s top banks and NBFCs.
  • Click on ‘Apply now’ and enter the required details.
  • Click on ‘Check Eligibility’.
  • Our portal will inform you about the loan amount you’re eligible for. 
  • Again, click on ‘Apply Now’ to proceed with the offer or select ‘View All Offers’ to continue surfing.

Documents Required for Home Loan in Delhi

Be sure to submit the following documents while applying for a housing loan in Delhi.

  • Properly filled out loan application
  • ID proof: Aadhar Card/ Voter ID/ Driver’s Licence
  • Address Proof: Utility Bills/ Aadhar card/ Other proofs
  • PAN Card
  • Income Proof: Salary slips/ Previous months’ bank statements/ Form 16/ ITR Filings
  • Employment Proof: Joining Letter/ Employee ID/ Shop Registration Certificate/ Other proofs
  • Disclosure of additional income and existing loans
  • Property documents
  • Passport size photographs

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People Also Asked About Home Loan in Delhi

How can I transfer my home loan in Delhi to another lender?

Start by informing the lender of your wish to transfer the loan. Clear your dues, get an NOC and your property documents back from your current bank before you apply at the new lender.

Does a housing loan in Delhi really assist in buying a home?

Yes. Rising property rates coupled with high costs of living make home purchases difficult in Delhi. Hence, the right home loan can go a long way.

Which is the best bank for home loans in Delhi?

Every bank offers different loan terms. An offer that might be suitable for you might not be for someone else. Hence, comparing loan offers across banks is the key.

Where can I get a Home Loan in Delhi?

Housing loans in Delhi are available on Urban Money’s website and regional branches. 

Urban Money