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Home loans in Delhi are available for residential, construction and investment purposes. These loans can finance up to 90% of a property’s value. With rising market competition, housing loans in Delhi are available at friendly terms and low processing fees. An aware borrower can easily get the lowest home loan interest rate in Delhi. Read this guide to get the cheapest home loans in Delhi.
We all know that buying a property in Delhi is already an expensive affair. Well, guess what? It’s about to get even costlier. Reports predict a steep rise in property prices in Delhi. But, prospective home buyers need not worry. Home loans in Delhi provide adequate financial assistance to turn your dream of owning a house into a reality.
Housing loans in Delhi help you purchase your first apartment, renovate an existing one or construct your dream house from scratch. Owing to high demand, lenders offer competitive loan terms. Customers can avail high LTV ratios, affordable interest rates and comfortable repayment periods. Read on to learn about the best home loan rates in Delhi in this comprehensive piece.
Loan seekers have to satisfy certain basic eligibility criteria to get the cheapest home loans in Delhi. Take a quick look at them below:
| Criterion | Parameter |
| Age | 18-70 years |
| Nature of employment | Salaried/Self-employed/Pensioners |
| Minimum income | ₹25,000-₹30,000 per month |
| Citizenship | Indian citizens |
| Work experience | Specified years of experience at the current and previous organisation(s). |
| Credit score | 750 or higher |
Note : Use our Home Loan Eligibility Calculator to check your eligibility in seconds!
Be sure to submit the following documents while applying for a housing loan in Delhi.
Housing Loans in Delhi come with loads of features. They aim to simplify property purchases for the borrowers. Take a quick look at some of the standout features before we proceed to the cheapest home loans in Delhi.
| Interest Rate (p.a) | 8.40% onwards |
| Time Period | Up to 30 years |
| Loan to Value (LTV) Ratio | 75%-90% |
| Down Payment | 10%-25% |
| Processing Fee | 0.25% onwards |
| Prepayment Charges | NIL |
We offer digital as well as in-person services to home loan seekers in Delhi. Read about them below to get the lowest home loan interest rates in Delhi.
For quick approvals, apply online following these steps:
Start by informing the lender of your wish to transfer the loan. Clear your dues, get an NOC and your property documents back from your current bank before you apply at the new lender.
Yes. Rising property rates coupled with high costs of living make home purchases difficult in Delhi. Hence, the right home loan can go a long way.
Every bank offers different loan terms. An offer that might be suitable for you might not be for someone else. Hence, comparing loan offers across banks is the key.
Housing loans in Delhi are available on Urban Money’s website and regional branches.