Home Loans in Faridabad
Home loans in Faridabad are offered by major banks such as Axis Bank, HDFC Bank, SBI, Kotak Mahindra Bank, PNB and Union Bank of India, with interest rates starting from 7.15% p.a. Loan amounts can exceed Rs.75 lakh, with tenures up to 30 years and processing fees of 0% to 0.50%.
Home Loan Interest Rate in Faridabad
Interest Rates | 7.15% p.a. – 13.20% p.a. |
Processing fee | 0% - 0.50% of the loan amount |
Maximum Loan Amount | Loan amount above Rs.75 lakh |
Maximum Tenure | Up to 30 years |
Note: Interest rates updated on 12 August 2026
Compare: Home Loan Interest rate
Best Home Loan Providers in Faridabad
Home Loan Providers | Branch Location |
Axis Bank | Shop No 6, Crown Complex, Neighbourhood No 2, 1/2 Chowk, NIT, Faridabad – 121001 |
HDFC Bank | 5 R/2, Badshah Khan Chowk, NIT, Faridabad - 121001 |
State Bank of India | 1047, Sector 15, Faridabad – 121007 |
Kotak Mahindra Bank | 5 E-1, Nit, Ground Floor, Railway Road, Faridabad, Haryana – 121001 |
Punjab National Bank | No. A/3/1, NIT Town, Nehru Ground, Faridabad – 121001 |
Union Bank of India | 58, Neelam Bata Road, Faridabad – 121001 |
Eligibility and Documents Required
Purpose | Eligibility | Documents Required |
Age | 18 years to 75 years | Voter ID card, PAN card, driving license |
Residency | Should be a resident of India | Passport, Aadhaar card, PAN Card |
Employment | Self-employed or salaried | Employee ID, etc. |
Income | Salaried - At least Rs.10,000 p.m. Self-employed - At least Rs.2 lakh p.a. | Bank statement, bank passbook, last 3 month's salary slip, last 6 month’s salary slip, latest Form 16 and IT returns, and Business proof/trade professional license/sales tax returns |
If you are a resident of Faridabad and are looking to apply for a home loan, then you can either visit any of the bank's branches or apply for a home loan from a lender online. You must, however, properly research different home loans and check if you meet the eligibility criteria. If you meet the eligibility criteria and feel the home loan offered by a bank is suitable for you, you can go ahead apply for it either online or by visiting the nearest branch.
FAQs on Home Loan in Faridabad
1.What is a home loan in Faridabad?
A home loan in Faridabad is financing that banks operating in the city extend to residents for buying, constructing or renovating a residential property. The loan is repaid through monthly EMIs over an agreed tenure. Eligibility and documentation for a Faridabad home loan vary by lender.
2.Which banks provide home loans in Faridabad?
Several major banks provide home loans in Faridabad, including Axis Bank, HDFC Bank, State Bank of India, Kotak Mahindra Bank, Punjab National Bank and Union Bank of India. Each lender operates its own branches across the city. You can compare their offerings before choosing a home loan in Faridabad that suits you.
3. Who is eligible for a home loan in Faridabad?
Eligibility for a home loan in Faridabad generally requires the applicant to be a resident of India aged between 18 and 75 years, either salaried or self-employed. Lenders also assess income, employment stability and credit history. The eligibility table above lists the specific criteria for a Faridabad home loan.
4. What documents are needed to apply for a home loan in Faridabad?
Applying for a home loan in Faridabad typically needs identity proof such as a PAN card, Aadhaar card or voter ID, along with income proof like salary slips or IT returns. Self-employed applicants must also submit business proof. The full document list for a Faridabad home loan is available in the eligibility table above.
5.What is the maximum tenure for a home loan in Faridabad?
The maximum repayment tenure for a home loan in Faridabad can extend up to 30 years, depending on the lender and the applicant's age and income. A longer tenure lowers the EMI but increases the total interest paid. Choose a tenure that balances affordability with the overall cost of your Faridabad home loan.
6.Is the processing fee the same for every home loan in Faridabad?
No, the processing fee for a home loan in Faridabad differs by lender and is generally charged as a percentage of the loan amount, as shown in the table above. Some banks also run limited-period waivers on this fee. Check with your chosen lender for the fee applicable to your Faridabad home loan application.
7. Does the interest rate on a home loan in Faridabad depend on the lender?
Yes, the interest rate on a home loan in Faridabad depends on the lender, the applicant's credit score and whether a fixed or floating rate is chosen. Rates for the banks listed above are shown in the interest rate table. Comparing lenders can help you secure a more competitive rate on your Faridabad home loan.
8.How can I apply for a home loan in Faridabad?
You can apply for a home loan in Faridabad either online through the lender's website or by visiting a bank branch in the city. Before applying, check the eligibility criteria and keep the required documents ready. Once your Faridabad home loan is approved, the amount is disbursed as per the lender's process.
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