Home Loan in
Delhi
Residing in India’s capital city and aspiring to own your dream home? Several top banks and NBFCs in Delhi can help you turn that dream into reality in no time! Home loans in Delhi are available at attractive rates of interest starting from 8.55% per annum. The maximum loan tenure is for up to 30 years. There are several banks and NBFCs in Delhi that allow customers to transfer the balance amount from their existing home loan availed from other lenders. A home loan balance transfer facility is offered at relatively lower interest rates, which attracts existing borrowers. In addition to loan balance transfer, Delhi banks and NBFCs also come up with certain special plans to encourage home loans for rural housing, affordable housing schemes, and home loans without the prerequisite for formal income documents.
Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Home Loan Interest Rates in Delhi
Every bank or NBFC in Delhi offers housing finance to customers interested in purchasing or constructing a residential property at a certain interest rate. These rates are generally competitive, and each bank strives to attract borrowers to avail of a home loan facility with it. The average home loan rate of interest offered at most banks/NBFCs in Delhi starts at 8.55%. The table below lists the different interest rates offered by the various top banks and NBFCs in Delhi (partnered with BASIC Home Loan). It also highlights the financial institution offering the lowest home loan interest rate in Delhi.
| Bank Name | Interest Rate | Processing Fee | Tenure | Inquire |
|---|---|---|---|---|
 SBI Bank | 8.70% -9.75% | ₹3,540 - 0.25% | 30 years | |
 HDFC Bank | 8.70% -9.75% | ₹3,540 - 0.25% | 30 years | |
 PNB Housing | 8.70% -9.75% | ₹3,540 - 0.25% | 30 years | |
 Federal Bank | 8.70% -9.75% | ₹3,540 - 0.25% | 30 years | |
| SBI Bank | 8.70% -9.75% | ₹3,540 - 0.25% | 30 years | |
| HDFC Bank | 8.70% -9.75% | ₹3,540 - 0.25% | 30 years |
Eligibility Criteria for Home Loans in Delhi
For Salaried Individuals
Age
21-65 years
Minimum Income
₹25,000/month
Employment
2+ years work experience
Credit Score
750+
Self-employed LLP and Partnership Firm
Age
21-65 years
Minimum Income
₹25,000/month
Employment
2+ years work experience
Credit Score
750+
Note: Applicants are encouraged to declare any additional sources of income besides those mentioned in the table above to boost their chances of getting a home loan approval.
Documents Required for Home Loan in Delhi
HDFC mandates all home loan applicants to submit a set of specific documents as part of the loan application procedure. A list of all the required HDFC home loan documents that need to be duly submitted to the bank to apply for a loan facility is detailed as follows:
| Proof of Income | Voter ID, Driving License, Aadhar Card, Copy of Passport |
| Other Required Documents |
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| Proof of Income |
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| Other Required Documents |
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| Proof of Income |
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| Other Required Documents |
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