A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • 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 35 New Delhi Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    8.40% - 8.50% Floating
    Up to 0.25%(Max ₹25,000) One time fee
    Rs.30L - Rs.5Crs
    5 - 30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.17% - 8.99% Floating
    0.50% - 2.00% One time fee
    Rs.20L - Rs.5Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.60% Floating
    ₹3,000 - ₹5,000 One time fee
    Rs.5L - Rs.10Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    8.99% - 9.75% Floating
    Up to 1.00% One time fee
    Rs.2L - Rs.3Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    6.95% - 8.30% Floating
    0.50% One time fee
    Rs.12L - Rs.5Crs
    1 - 20 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    6.90% Fixed
    0.50%(Min ₹10,000) One time fee
    Rs.5L - Rs.10Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    7.20% Floating
    ₹10,000 One time fee
    Rs.50L - Rs.5Crs
    1 - 25 Years
    What you'll love
    Documents
    Perks
    Good to Know
    9.00% - 12.50% Floating
    Up to 1.00% One time fee
    Rs.20L - Rs.10Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Think about
    Good to Know
    8.75% Floating
    Up to 0.50%(Max ₹15,000) One time fee
    Rs.25L onwards
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Eligibility Criteria
    9.25% - 11.20% Fixed
    Up to 0.50% One time fee
    Rs.2L - Rs.3Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.75% Fixed
    ₹2,500 One time fee
    Rs.1L - Rs.5Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Think about
    Good to Know
    7.65% - 7.80% Floating
    0.50%(Max ₹7,500) One time fee
    Up to Rs.15Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Think about
    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
    • LIC Housing Finance Limited
    • Indiabulls Housing Finance
    • State Bank of India
    • Kotak Mahindra Bank

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    New Delhi Home Loan Reviews

    • Punjab National Bank
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan in PNB bank before 3 years. The loan was processed through bank . The process was smooth and loan got sanctioned on time. The loan amount was sufficient for the tenure of 25 years. The rate of interest and the processing fee are nominal.
      Was this review helpful? 8
      , new delhi
      Reviewed on Jan 29, 2020
    • DHFL
      DHFL
      "Need to improve services"
      0.5 1.5/5 "Bad"
      I have taken a home loan from DHFL to purchase the flat. I have opted for 16.5L of loan amount according to their process with the interest rate 10.4% which is really high. I was eligible for the government scheme, but bank executive has not taken step to avail it. It took around 20 days to process the loan. There is no proper response for customers. I am trying to transfer the loan amount to other bank.
      Was this review helpful? 30
      , new delhi
      Reviewed on Jan 18, 2020
    • IIFL
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken India Infoline Housing Finance Limited directly .I have got the loan on delay basis it took 2 months of time and not got the reason for the delay .This loan is still active and there was no callback and follow up from India infoline .I have submitted the required documents and there was no drawbacks faced so far.
      Was this review helpful? 8
      , new delhi
      Reviewed on Nov 23, 2019
    • Punjab National Bank
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have availed Home loan directly through Punjab National Bank .The rate of interest and the processing fee was very high ,I have got the loan amount on delay basis and i have applied for 26 lakhs for the tenure of 15 years.I have not faced any difficulties until i have received the loan .
      Was this review helpful? 2
      , new delhi
      Reviewed on Oct 14, 2019
    • Punjab National Bank
      "Average Banking Services"
      0.5 3.0/5 "Satisfactory"
      Chosen the home loan from PNB housing but the charges are very high and the services are not upto the mark. Its Government undertaken organization hence i got the loan from them. They do not take so much time to deliver the loan. They have sanctioned the loan in 20 days. Their interest rate is 10.75% hence now i want to transfer the loan to some other bank.
      Was this review helpful? 16
      , new delhi
      Reviewed on Sep 24, 2019
    • Indiabulls
      "Average"
      0.5 4.0/5 "Great!"
      My housing loan is ongoing with Indiabulls. The rate of interest was 9.2% where SBI is charging 8.4% which is higher and they should reduce it. The customer service is good. I have taken the loan because my friends are working here and the documentation process was very much convenient for me.
      Was this review helpful? 5
      , new delhi
      Reviewed on Sep 16, 2019
    • HDFC Limited
      "Rate of interest should change proactively"
      0.5 5.0/5 "Blown Away!"
      As per the demonstration policy HDFC limited is charging 9.20% of interest but SBI have already decreased the floating interest rate for housing loan. My principal amount is Rs. 16 lakhs for the duration of 20 years, there was no processing fee or insurance fee taken from the loan. But only concern about the interest, they should provide the best rate as per the market, and the process should happen proactively.
      Was this review helpful? 3
      , new delhi
      Reviewed on Sep 14, 2019
    • HDFC Limited
      "Excellent"
      0.5 4.5/5 "Excellent!"
      I have already got a confirmation with HDFC LTD for home loan, I just need to provide a documents to sanction my loan. I have been able to find my eligibility more easier with HDFC BANK than other banks. There was no delay in the service. I am satisfied with the interest rate and also the processing fee is applicable.
      Was this review helpful? 1
      , new delhi
      Reviewed on Aug 22, 2019
    • Indiabulls
      "Excellent Service"
      0.5 4.5/5 "Excellent!"
      I have taken Home loan which was applied directly through India Bulls. I have applied for the loan amount was 7lakhs for the tenure of 15 years .The rate of interest and the processing fee was less.I have got nice help and support from India bulls .I am completely satisfied with the service .
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 16, 2019
    • Indiabulls
      "GOOD"
      0.5 4.5/5 "Excellent!"
      I am using the loan from last 1.5 years, the documentation process was simple and easy and i got the loan amount of 28L, there was a processing fee applicable which was 10K below, the rate of interest was 8.5%, the duration for repaying was 30 years.
      Was this review helpful? 4
      , new delhi
      Reviewed on Jul 26, 2019
    • HDFC Limited
      "Good experience"
      0.5 4.5/5 "Excellent!"
      I took a home loan from HDFC Limited in 2008 and have completed the loan in the year of 2019March. I hardly use the customer service and it was helpful. The interest rate is reasonable. It was a residential properly. I have paid EMI around 31K through ECS.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 23, 2019
    • HDFC Limited
      "Not satisfactory"
      0.5 4.0/5 "Great!"
      I took a home loan with HDFC LIMITED and its been completed now. Whenever I want to reduce my EMI as per Government ROI and they have been charging money from customer which is not good. I have paid Rs.3000 and secondly paid Rs.2300 in 8 years period. Actually they should reduce ROI as per changes in Government without any charges where SBI is not charging.
      Was this review helpful? 3
      , new delhi
      Reviewed on Jul 20, 2019
    • HDFC Limited
      "Its Recommendable"
      0.5 5.0/5 "Blown Away!"
      HDFC Ltd taken long time to disburse the Home loan amount but they approved it finally, I took the amount of Rs. 35 lakhs for the duration of 20 years. I got the floating interest for the home loan, they do have balance transfer, part payment. I would they are best in the market. When other bank are rejecting the application, they are the one who is approving the loan.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jul 16, 2019
    • HDFC Limited
      "Best service"
      0.5 4.5/5 "Excellent!"
      I have been holding my housing loan with HDFC LTD from long time, the loan amount it got sanction up to 8,00,000 which was sufficient for me, the rate of interest they have charged me up to 8.3% which was sufficient, the tenure period they have given me up to 3 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 01, 2019
    • DHFL
      "Good service"
      0.5 4.0/5 "Great!"
      I am using my housing loan from long time with DHFL , the documentation process was done quickly also the loan came on time, the loan amount was sufficient they have given to me as per my requirement, so far i did not face any issue, the rate of interest they have charged me was nominal, still this loan is running.
      Was this review helpful? 3
      , new delhi
      Reviewed on Jun 30, 2019
    • SBI
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have slected state bank of India home loan i went directly home branch applied home loan .Customer service is very nice loan amount they approved is 14 lakhs , Tenure 25 year, EMI Rs 10,000. Rate of interest 8.50 percentage.Based on my savinf account and insurance policy they provide loan .
      Was this review helpful? 12
      , new delhi
      Reviewed on Jun 29, 2019
    • Canara Bank
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan in HDFC bank before 3 years ago. The loan was processed through an online. The process was smooth and loan got sanctioned on time. The loan amount was sufficient for the tenure of 25 years. The rate of interest and the processing fee are nominal.
      Was this review helpful? 8
      , new delhi
      Reviewed on Jun 28, 2019
    • SBI
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken Home Loan directly through Bank State Bank Of India.The rate of interest and the processing fee was nominal .There was no difficulties faced while submitting the documents ,I have applied for the loan amount of 40 Lakhs and not sure about the tenure .The agent gave all the details about the loan process .
      Was this review helpful? 10
      , new delhi
      Reviewed on Jun 24, 2019
    • Bank of Baroda
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I had applied for a home loan and It was with BANK OF BARODA .I was highly impressed. My home loan was approved in few days.Loan amount is satisfactory . They are awesome and they take care of you need very well.The good thing about BANK OF BARODA is their customer service.
      Was this review helpful? 7
      , new delhi
      Reviewed on Jun 23, 2019
    • HDFC Limited
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have selected HDFC limited loan amount 17 lakhs, tenure 20 year and Rate of interest 8.94 percentage, EMI Rs12580 . Customer service is good and responsive. while documents through branch. There is no delay disbursal loan amount.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jun 20, 2019
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