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    New Delhi Home Loan

    Eligibility for Home Loan in Delhi

    Eligibility Criteria Requirement
    Age Minimum age: 18 Maximum age: 65
    Net annual income At least a minimum annual income of Rs.5 lakh is required depending on the type of employment
    Employment Self-employed or Salaried
    Residence A permanent residence or rented residence where you have resided for at least one year prior to the loan application
    Credit score/rating A good credit score obtained from a recognised credit bureau

    What are the factors that decide my home loan amount eligibility?

    Here are a few factors that home loans lenders consider while computing the home loan amount you are eligible for.

    • The banks or NBFCs ensure that your Equated Monthly Instalments (EMIs) is limited to 50% of your monthly income.
    • The EMIs of other ongoing loans, if any, are also taken into considered when deciding the maximum home loan amount, you are eligible for. EMIs of any other ongoing loans will eventually lower the maximum home loan amount you are eligible for.
    • Another important aspect to remember before you apply for home loan is that most banks and NBFCs disburse only up to 85% of the property value.

    How do I improve my eligible home loan amount?

    Here are a few ways you can increase your eligible home loan amount:

    • You can make your spouse a co-applicant while applying for home loan. With your spouse’s monthly income being considered during the home loan approval process, the eligible loan amount will also increase.
    • You can consider choosing longer loan tenures to increase the loan amount you are eligible for.
    • You can also, alternatively, add your parents as co-applicants while you apply for home loan.

    To know more about your home loan eligibility, visit /home-loan.html?variant=slide

    More
    We found 38 New Delhi Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.90% - 9.10% Floating
    0.25% (max. ₹11,800) One time fee
    5L - 10Crs
    3-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    9.0% - 9.50% Floating
    Up to 0.50% (min. ₹10,000 + GST) One time fee
    8L Min
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.80%- 9.20% Floating
    12,000 (inclusive of GST) One-Time Fee
    20L - 5Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.95% - 9.15% Floating
    10000+GST One time fee
    -
    1-20 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.70% - 9.00% Floating
    Up to 0.5% (max. ₹11,800) One time fee
    5L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.75% - 11.0% Floating
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.90% - 9.50% Floating
    0.50% PF (For Salaried) to 1%(min.3000)+Tax (for Self employed)
    12L - 5Crs
    1-20 Years (10 yrs plot loan)
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good To Know
    8.80% - 11.75% Fixed/Floating
    0.50% (min. ₹10,000) One time fee
    5L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    9% Floating
    ₹ 10000+ taxes One time fee
    50L - 5Crs
    1 - 25 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Good to Know
    8.55% - 8.99% Floating
    ₹5,000 to ₹10,000 + applicable tax One time fee
    20L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Good to Know
    9.25% Floating
    0.50% (min. ₹10,000)
    1Cr - 5Crs
    1-20 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    9.25% - 11.20% FIXED
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know

    Documentation Required to apply for a Home Loan in Delhi

    Purpose Documents
    Proof of Identity
    1. Voter ID Card
    2. Valid Driving License
    3. Aadhaar Card
    4. Valid Passport
    Proof of Income For salaried applicants:
    1. Income Tax Returns or Form 16
    2. Salary slips for the last three months
    For self-employed applicants:
    1. CA certified/audited balance sheet and profit and loss account for the last three years
    2. Income Tax Returns along with the computation of income for the last three assessment years
    Other Documents
    1. Bank statements showing repayment of ongoing loans if any for the last six months
    2. Passport size photographs of all the applicants/co-applicants affixed on the application form and signed across
    3. Processing fee cheque

    Types of Home Loans offered in Delhi

    Banks and NBFCs offer a wide array of home loan products to choose from. Depending on the customers’ requirements and purpose, home loans in Delhi can be classified into the following types.

    Type of Home Loan Purpose
    Home Loan for Purchase Can be availed by eligible borrowers looking to purchase a new house/flat or purchase an already owned property
    Home Loan for Construction Suitable for those looking to construct their own house rather than purchasing an already constructed property
    Home Improvement Loan Suitable for those who are looking to repair or renovate an existing property
    Home Conversion Loan Can be availed if you wish to move to a new house/flat after having already availed a home loan before and purchases a house/property with it
    Home Loan for Extension/Expansion Offered to prospective borrowers who are looking to extend/expand or alter the structure of their existing property/house
    Home Loan Balance Transfer Can be opted by those who wish to transfer his/her existing home loan from the existing lender to another home loan due to reasons such as lower interest rates and better customer services offered by the other bank
    NRI Home Loan NRI home loan are specifically designed for Non-Resident Indians (NRIs) who are looking to purchase a residential property in India. The procedures and formalities involved in the approval process for NRI home loans is different from the regular home loans offered by the banks.

    Top Banks for Home Loans in Delhi

    • Axis Bank
    • HDFC Ltd. Bank
    • Kotak Mahindra Bank
    • Canara Bank
    • Aditya Birla Capital
    • ICICI Bank
    • LIC Housing Finance Limited
    • Indiabulls Housing Finance
    • State Bank of India
    • Kotak Mahindra Bank
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    New Delhi Home Loan Reviews

    • DHFL Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken home loan through DHFL BANK . I am happy with their services considering the loan experience. The tenure period is fair enough . The Application process was smooth and the loan amount was credited to my account with in few days. Rate of interest is nominal .
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 13, 2019
    • review
      review Home Loan
      "Good Experience with better facility"
      0.5 5.0/5 "Blown Away!"
      In GIC housing finance, the home loan interest is very much convenient, they are charging 9% of interest. The loan amount was sanctioned as per the amount requested from my end. I visited to the branch twice, remaining the field executive came to my place and completed the process. The bank is giving 8.5% of interest here 9% hence slightly more but its good. I took the loan before 6 years they do have balance transfer, part payment and pre closure.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 12, 2019
    • Bank Bazaar Home Loan
      "Prosse "
      0.5 5.0/5 "Blown Away!"
      Bank bazar presse is very fast and good..bt wait for products ,how much time i have received...in esy way. Thanks .. I always forward my frnds relatives and others known person... They can take the help for financial services... So as a good financial advisor... This is very good supporting teem.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 11, 2019
    • review Home Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I have taken home loan in GIC HOUSING FINANCE LTD for more than one year. The amount is much sufficient to use for the duration of 15 years. On time the loan got sanctioned from their end. The rate of interest is good. I would like to suggest whenever reach them directly there should be proper response.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 09, 2019
    • Bank of Baroda Home Loan
      "Service should be improved"
      0.5 2.0/5 "Expected more"
      Bank of Baroda taken long time to process my home loan application. But the best thing the interest rate is good. They have fulfilled my need by approving the entire amount , the processing fee was there it was minimal. But I suggest the service needs lots of improvement because they collected documents five times from me it was really disappointed.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jun 08, 2019
    • DHFL Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have selected DHFL home loan amount12.5 lakhs amnd tenure period 13 years Emi Rs 13800 and Rate interest 10% floating rate, one time process fee Rs 3000, customer service is good. Based on home loan they provide insta loan and life coverage policy.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 08, 2019
    • andhra Bank Home Loan
      "Super Excellent "
      0.5 5.0/5 "Blown Away!"
      I have selected andhra bank home loan. I am holding saving account past 16 years ago. One of my friend recommend. The customer service is good .The sanctioned loan amount is 15 lakhs. The rate of interest is of 8.35%,. The tenure is for 20 years and the Emi is Rs 15000. The documents were submitted directly to the banker end. The customer service is good and response
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 07, 2019
    • ICICI Bank Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have taken the home loan through ICICI BANK . I am not happy with customer services . There is so much delay in getting the loan and there is so much of verification was done which is not satisfactory . I face many issue while getting the loan and rate of interest is nominal .
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 06, 2019
    • ICICI Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Documents were collected on time and the customer service was good. Rate of interest was nominal with this bank. The process was quick . I have a home loan with ICICI BANK The loan amount was satisfactory with tenure period is good . Overall it is good .
      Was this review helpful? 0
      , new delhi
      Reviewed on May 30, 2019
    • Axis Bank Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have directly applied 50 Lakhs home loan from Axis Bank for 15 years tenure ,The rate of interest is as per the market value and there was no processing fee,The,loan amount disbursed on time also the loan amount was sufficient ,The agent gave all details about the loan process still the loan is active.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 29, 2019
    • review Home Loan
      "Need to decrease charges"
      0.5 3.0/5 "Satisfactory"
      I am using the home loan with GIC HOUSING FINANCE LTD since from last last year, as per my expectation I received a loan amount for the duration of 24 years. The rate of interest is high when compare to other.The fee is nominal. On time I received a loan amount.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 20, 2019
    • Punjab National Bank Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken Home loan through Punjab National Bank directly applied ,rate of interest and the processing fee was nominal ,loan amt was 8 lakhs for the tenure of 12years ,the loan amount on time ,loan amount was sufficient ,documents submitted no issues ,still the loan is on process.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 20, 2019
    • ICICI Bank Home Loan
      "So far so good"
      0.5 4.0/5 "Great!"
      I have chosen ICICI BANK for my home loan because property holder has tied up. It was taken in the year of 2013 and the loan duration is 20 years. I have purchased a residential property. The interest rate was good as per used to be with other banks. I don't remember the processing fee.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 12, 2019
    • SBI Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have taken the home loan with the STATE BANK OF INDIA and i have taken the loan on 2016 and also the rate of interest they have offers with this loan was 8.30% which was nominal with this loan. The documentation process was simple and good added on that the process was good.
      Was this review helpful? 1
      , new delhi
      Reviewed on May 08, 2019
    • SBI Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have applied for the home loan with the STATE BANK OF INDIA where the documentation process was simple and easy to get the loan. The customer support is good and using it since from 2013. The rate of interest was 8.45% which was nominal than others.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 08, 2019
    • SBI Home Loan
      "Good bank to apply for a home loan"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan in SBI bank for about 4 years ago. The loan amount which i received of 16Lakhs for the duration of 10 years. I am doing all the payments on regular basis.The customer service is good and supportive. On time I received a loan amount.There is no any late fee.
      Was this review helpful? 1
      , new delhi
      Reviewed on May 07, 2019
    • Bank Bazaar Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I am using the services of BANK BAZAAR for the very first time where the experience had been pretty good, i came to know about the services of them through some advertisements and the best thing with them is that they keep us updated with the process and the status of our application. Their customer support team has also been really good.
      Was this review helpful? 1
      , new delhi
      Reviewed on May 03, 2019
    • Punjab National Bank Home Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I had taken a Property loan from PNBHFL since they where the only providing the loan against property, where the interest rate was also competitive, The process took a bit of a time but the person who came to collect the documents was professional and was helpful. The processing charges where nominal but their customer support was not that great.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 03, 2019
    • HDFC Limited Home Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      HDFC LTD is good in the home loan services. The customer support and response is fine and there are no hassles in the process. The disbursement also happened on time. The rate of interest and the processing charges is nominal too. In all I had no hassles.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 03, 2019
    • Axis Bank Home Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken my home loan with Axis Bank. The customer services are good. I got a good response as well. The rate of interest and processing charges are normal. In all it has been a good experience even the after loan services are also hassle free.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 03, 2019
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