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.

  1. The banks or NBFCs ensure that your Equated Monthly Instalments (EMIs) is limited to 50% of your monthly income.
  2. 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.
  3. 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:

  1. 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.
  2. You can consider choosing longer loan tenures to increase the loan amount you are eligible for.
  3. 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

We found 31 Home Loans

Filter

Bank

Interest Rate

6.5%20%
  • Interest Rate range:

    6.5% - 20%

Balance Transfer

LIC HFL HOME LOAN
  • LIC HFL Home Loan

    Loan Amount

    :  

    ₹30L -₹5Cr

    Floating

    :  

    8.40% - 8.50%

    Tenure

    :  

    5 - 30 Years

    Processing Fee

    :  

    Up to 0.25%(Max ₹ 25,000)

See More

Balance Transfer

KARNATAKA BANK HOME LOAN
  • Karnataka Bank Home Loan

    Loan Amount

    :  

    ₹20L -₹5Cr

    Floating

    :  

    8.75%

    Tenure

    :  

    1 - 30 Years

    Processing Fee

    :  

    0.50% - 2.00%

See More

Balance Transfer

HDFC LTD. HOME LOAN
  • HDFC Ltd. Home Loan

    Loan Amount

    :  

    ₹5L -₹10Cr

    Floating

    :  

    8.60%

    Tenure

    :  

    1 - 30 Years

    Processing Fee

    :  

    ₹ 3,000 - ₹ 5,000

See More

Balance Transfer

INDIABULLS HOME LOAN
  • Indiabulls Home Loan

    Loan Amount

    :  

    ₹2L -₹3Cr

    Floating

    :  

    8.99% - 9.75%

    Tenure

    :  

    1 - 30 Years

    Processing Fee

    :  

    Up to 1.00%

See More

Balance Transfer

SUNDARAM BNP PARIBAS HOME FINANCE LIMITED HOME LOAN
  • Sundaram Home Finance Limited Home Loan

    Loan Amount

    :  

    ₹12L -₹5Cr

    Floating

    :  

    6.95% - 8.30%

    Tenure

    :  

    1 - 20 Years

    Processing Fee

    :  

    0.50%

See More

Balance Transfer

AXIS BANK HOME LOAN
  • Axis Bank Home Loan

    Loan Amount

    :  

    ₹5L -₹10Cr

    Fixed

    :  

    9.00%

    Tenure

    :  

    1 - 30 Years

    Processing Fee

    :  

    0.50%(Min ₹ 10,000)

See More

Balance Transfer

DBS HOME LOAN
  • DBS Home Loan

    Loan Amount

    :  

    ₹50L -₹5Cr

    Floating

    :  

    10.20%

    Tenure

    :  

    1 - 25 Years

    Processing Fee

    :  

    ₹ 10,000

See More

Balance Transfer

ADITYA BIRLA CAPITAL HOME LOAN
  • Aditya Birla Capital Home Loan

    Loan Amount

    :  

    ₹20L -₹10Cr

    Floating

    :  

    8.85% - 16.50%

    Tenure

    :  

    1 - 30 Years

    Processing Fee

    :  

    Up to 1.00%

See More

Balance Transfer

UNION BANK OF INDIA HOME LOAN
  • Union Bank Of India Home Loan

    Loan Amount

    :  

    ₹25L onwards

    Floating

    :  

    8.70%

    Tenure

    :  

    1 - 30 Years

    Processing Fee

    :  

    Up to 0.50%(Max ₹ 15,000)

See More

Balance Transfer

FEDERAL HOME LOAN
  • Federal Home Loan

    Loan Amount

    :  

    Up to ₹15Cr

    Floating

    :  

    8.80%

    Tenure

    :  

    1 - 30 Years

    Processing Fee

    :  

    0.50%(Max ₹ 7,500)

See More

Balance Transfer

STATE BANK OF INDIA HOME LOAN
  • State Bank of India Home Loan

    Loan Amount

    :  

    -

    Floating

    :  

    8.40%

    Tenure

    :  

    1 - 30 Years

    Processing Fee

    :  

    ₹ 2,000 - ₹ 10,000

See More

Balance Transfer

DHANALAKSHMI BANK HOME LOAN
  • Dhanalakshmi Bank Home Loan

    Loan Amount

    :  

    -

    Floating

    :  

    9.90% - 15.00%

    Tenure

    :  

    3 - 20 Years

    Processing Fee

    :  

    1.00%(Min ₹ 10,000)

See More

Balance Transfer

BANK OF BARODA HOME LOAN
  • Bank Of Baroda Home Loan

    Loan Amount

    :  

    ₹1L -₹2Cr

    Floating

    :  

    8.60%

    Tenure

    :  

    1 - 30 Years

    Processing Fee

    :  

    0.25% - 0.50%

See More

Balance Transfer

BANK OF INDIA HOME LOAN
  • Bank of India Home Loan

    Loan Amount

    :  

    Up to ₹5Cr

    Floating

    :  

    8.45%

    Tenure

    :  

    1 - 30 Years

    Processing Fee

    :  

    ₹ 0

See More

Balance Transfer

BANK OF MAHARASHTRA HOME LOAN
  • Bank of Maharashtra Home Loan

    Loan Amount

    :  

    -

    Floating

    :  

    8.60%

    Tenure

    :  

    1 - 30 Years

    Processing Fee

    :  

    0.25%

See More

Balance Transfer

CANARA BANK HOME LOAN
  • Canara Bank Home Loan

    Loan Amount

    :  

    -

    Floating

    :  

    9.25%

    Tenure

    :  

    1 - 30 Years

    Processing Fee

    :  

    0.50%(Max ₹ 10,000)

See More

Balance Transfer

IDBI BANK HOME LOAN
  • IDBI Bank Home Loan

    Loan Amount

    :  

    ₹5L -₹10Cr

    Floating

    :  

    8.65%

    Tenure

    :  

    1 - 30 Years

    Processing Fee

    :  

    0.50%

See More

Balance Transfer

INDIAN OVERSEAS BANK HOME LOAN
  • Indian Overseas Bank Home Loan

    Loan Amount

    :  

    -

    Floating

    :  

    9.55%

    Tenure

    :  

    1 - 30 Years

    Processing Fee

    :  

    0.50%

See More

Balance Transfer

KARUR VYSYA BANK HOME LOAN
  • Karur Vysya Bank Home Loan

    Loan Amount

    :  

    -

    Floating

    :  

    6.50%

    Tenure

    :  

    1 - 25 Years

    Processing Fee

    :  

    ₹ 2,500 - ₹ 7,500

See More

Balance Transfer

SOUTH INDIAN BANK HOME LOAN
  • South Indian Bank Home Loan

    Loan Amount

    :  

    -

    Floating

    :  

    9.85%

    Tenure

    :  

    1 - 30 Years

    Processing Fee

    :  

    0.50%(Max ₹ 10,000)

See More

Balance Transfer

TAMILNAD MERCANTILE BANK HOME LOAN
  • Tamilnad Mercantile Bank Home Loan

    Loan Amount

    :  

    Up to ₹5Cr

    Floating

    :  

    9.45%

    Tenure

    :  

    1 - 30 Years

    Processing Fee

    :  

    2.00%(Max ₹ 15,000)

See More

Balance Transfer

CENTRAL BANK OF INDIA HOME LOAN
  • Central Bank of India Home Loan

    Loan Amount

    :  

    ₹20L -₹75L

    Floating

    :  

    8.35% - 9.35%

    Tenure

    :  

    1 - 30 Years

    Processing Fee

    :  

    1.00%(Min ₹ 10,000)

See More

Balance Transfer

INDIA SHELTER FINANCE CORPORATION HOME LOAN
  • India Shelter Finance Corporation Home Loan

    Loan Amount

    :  

    Up to ₹20L

    Fixed

    :  

    13.00% - 20.00%

    Tenure

    :  

    Up to 20 Years

    Processing Fee

    :  

    Up to 3.00%

See More

Balance Transfer

AAVAS FINANCIERS LIMITED HOME LOAN
  • Aavas Financiers Limited Home Loan

    Loan Amount

    :  

    -

    Floating

    :  

    9.50%

    Tenure

    :  

    1 - 15 Years

    Processing Fee

    :  

    2.00%

See More

Balance Transfer

RELIANCE HOME FINANCE LIMITED HOME LOAN
  • Reliance Home Finance Limited Home Loan

    Loan Amount

    :  

    -

    Fixed

    :  

    9.75% - 13.00%

    Tenure

    :  

    Up to 30 Years

    Processing Fee

    :  

See More

Balance Transfer

TATA CAPITAL LIMITED HOME LOAN
  • Tata Capital Limited Home Loan

    Loan Amount

    :  

    Up to ₹3Cr

    Floating

    :  

    8.70%

    Tenure

    :  

    Up to 30 Years

    Processing Fee

    :  

    2.00%

See More

Balance Transfer

YES BANK HOME LOAN
  • Yes Bank Home Loan

    Loan Amount

    :  

    -

    Floating

    :  

    9.40% - 10.25%

    Tenure

    :  

    1 - 25 Years

    Processing Fee

    :  

    Up to 2.00%

See More

Balance Transfer

JAMMU AND KASHMIR BANK HOME LOAN
  • Jammu And Kashmir Bank Home Loan

    Loan Amount

    :  

    Up to ₹50L

    Floating

    :  

    8.75%

    Tenure

    :  

    1 - 30 Years

    Processing Fee

    :  

    2.00% - 3.00%

See More
IDFC HOME LOAN
  • IDFC Home Loan

    Loan Amount

    :  

    ₹30L onwards

    Floating

    :  

    8.00% - 14.00%

    Tenure

    :  

    5 - 30 Years

    Processing Fee

    :  

    ₹ 10,000

See More

Balance Transfer

KOTAK MAHINDRA BANK HOME LOAN
  • Kotak Mahindra Bank Home Loan

    Loan Amount

    :  

    -

    Floating

    :  

    8.75%

    Tenure

    :  

    1 - 20 Years

    Processing Fee

    :  

    ₹ 10,000

See More

Balance Transfer

PNB HOUSING HOME LOAN
  • PNB Housing Home Loan

    Loan Amount

    :  

    ₹8L onwards

    Floating

    :  

    8.75% - 10.90%

    Tenure

    :  

    1 - 30 Years

    Processing Fee

    :  

    Up to 0.25%(Max ₹ 15,000)

See More

Documentation Required to apply for a Home Loan in Delhi

Purpose

Documents

Proof of Identity

  • Voter ID Card
  • Valid Driving License
  • Aadhaar Card
  • Valid Passport

Proof of Income

  • Income Tax Returns or Form 16
  • Salary slips for the last three months
  • CA certified/audited balance sheet and profit and loss account for the last three years
  • Income Tax Returns along with the computation of income for the last three assessment years

Other Documents

  • Bank statements showing repayment of ongoing loans if any for the last six months
  • Passport size photographs of all the applicants/co-applicants affixed on the application form and signed across
  • 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

  1. Axis Bank
  2. HDFC Ltd. Bank
  3. Kotak Mahindra Bank
  4. Canara Bank
  5. Aditya Birla Capital
  6. LIC Housing Finance Limited
  7. Indiabulls Housing Finance
  8. State Bank of India
  9. Kotak Mahindra Bank
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