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%|
|Processing Fee||0.25% onwards|
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Check Home Loan interest rates available in Delhi from India's leading banks.
HDFC Bank Home Loan in Delhi starting at.
Axis Bank Home Loan in Delhi starting at.
ICICI Bank Home Loan in Delhi starting at.
YES Bank Home Loan in Delhi starting at.
IndiaBulls Home Loan in Delhi starting at.
CITI Bank Home Loan in Delhi starting at.
Bank of Baroda Home Loan in Delhi starting at.
DHFL Home Loan in Delhi starting at.
Canara Bank Home Loan in Delhi starting at.
IndusInd Bank Home Loan in Delhi starting at.
Union Bank of India Home Loan in Delhi starting at.
State Bank of India Home Loan in Delhi starting at.
Punjab National Bank Home Loan in Delhi starting at.
Indian bank Home Loan in Delhi starting at.
Bank of India Home Loan in Delhi starting at.
Bank of Maharashtra Home Loan in Delhi starting at.
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:
|Nature of employment||Salaried/Self-employed/Pensioners|
|Minimum income||₹25,000-₹30,000 per month|
|Work experience||Specified years of experience at the current and previous organisation(s).|
|Credit score||750 or higher|
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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.
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
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.