Home Loan in
Faridabad
Buying a home is not just a financial transaction; it is about making memories and establishing roots. Considering the steady rise in interest in homeownership among young borrowers, banks and NBFCs offer many home loans in Faridabad to encourage this young population to work towards realizing their dreams. The starting rate of interest on home loans offered in Faridabad is roughly 8.50% for a maximum loan duration of 30 years. Instant approvals on home loans are also available at several banks and NBFCs in Faridabad by applying for the loan amount online. Besides, it is super convenient to apply for a home loan with just a few clicks.
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 Faridabad
The average rate of interest offered by a lender is one of the key factors that attract prospective borrowers in the city. The same holds for applicants for home loans. The lower the interest rate, the more home loan applications a lender (bank/NBFC) will receive. The average home loan interest rate in Faridabad for some of the top banks/NBFCs is tabulated below:
| BASIC Bank/NBFC Partner Name | Max Tenure (in years) | Rate of Interest | Processing Fees (INR) | Contact |
|---|---|---|---|---|
 HDFC Bank | 30 years | 8.65% - 9.85% | Rs. 3,540 - 0.25% | |
 SBI | 30 years | 9.15% - 12.95% | Rs. 10,000 - 0.25% | |
 Aavas Financiers | 25 years | 8.50% - 17% | Minimum 1% | |
 IDFC First Bank | 30 years | 8.85% - 9.25% | 0.25% - 0.50% | |
 PNB Housing | 30 years | 8.75% - 11.45% | Rs. 10,000 - 0.50% | |
 Bajaj Finserv | 30 years | 8.60% - 15% | 0.30% - 1% | |
 Fedbank | 30 years | 10.15% - 10.30% | Rs. 20,000 | |
 Tata Capital Ltd. | 30 | 8.95% onwards | 0.25% of the loan amount (Max: Rs. 3,540) |
Eligibility Criteria for Home Loans in Faridabad
These criteria are subject to variation from one bank to another. It is recommended that you check with the specific bank you are applying to for a home loan for its eligibility requirements.
Document Requirement for Home Loans in Faridabad
When applying for a home loan with a bank or NBFC in Faridabad, you would be asked to submit a specific number of documents that are a part of the home loan processing application. Listed below is the complete set of home loan documents required in Faridabad banks and NBFCs from salaried and self-employed applicants:
|
|
| Proof Of Residency | Aadhaar Card, Valid Passport |
| Proof Of Income | Bank Passbook, Bank statement, Last 3 years IT Return |
| Proof Of Age | PAN Card, Voter ID, Birth Certificate, Registration Certificate Of Establishment |
| Proof Of Employment | Certified Letter from Employee/Company Memorandum |
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