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Avail Home Loan in Delhi to Finance Your Dream Home

Author: Arwind Sharma
by Arwind Sharma
Posted: Apr 13, 2017

The capital city of India-Delhi is known for its rich tradition, history and culture. The gross state domestic product of the capital region is highly valued at Rs.4,51,000 crore and the city is home to several industries. This includes IT, automobiles, banking & financial and health.

If you are a citizen of Delhi and planning to construct a home here, apply for a Home Loan in Delhi so that you can fund your dream home project and later can repay the loan in easy installments.

Here’s what you need to know before you apply.

Home Loan in Delhi: Few Benefits

Home Loan +

Recently few lenders have come up with an option of Home Loan+ that can be used exclusively to fund your ready-to-occupy houses with accessories and fittings.

Refinancing Facility

In case you have purchased a property or land with your own resources in the past 12 months, you can use it to obtain a loan. The amount depends on the property’s value.

Pre-payment in Case of Additional Funds

If you have earned a good bonus or obtained a high resale value for your land, here’s a chance to repay your loan amount. Use this money to prepay a part of your loan which would help you pay off your dues faster and reduce the overall loan tenor.

Flexi-saver Option

Existing members can make use of the flexi-saver facility on the new top-up loan. With this feature, you can save interest and manage funds effectively.

Application Process

In order to apply online for Home Loan in Delhi, you have to fill up an online Loan application form on lender's website. Information regarding your employer, PAN Card number, area of residence and income are required while filling out the application form.

Documents Required for Home Loan in Delhi

Along with the Home Loan application, you have to a take along a recent photograph. Valid identity proof documents like Aadhar card, driving license and Voter’s card is accepted. Carry your passport or Aadhar card for address proof.

Form 16 or the latest salary slips are accepted for income details. Do not forget to carry last 6 month’s bank account statement to complete formalities.

Check your Home Loan Eligibility in Delhi

In order to know your Home Loan eligibility, you are required to provide relevant information regarding your date of birth, monthly salary, source of income, tenure and locality.

Generally the Home Loan eligibility criteria requires that you be a salaried professional between the age group of 25 and 62 years. The maximum loan that will made available to you depends on your credit history. You can also make use of a simple online calculator and determine your eligibility.

Fees and Charges for Home Loan in Delhi

Different lenders offers different interest rates. However the current interest rate for Home Loan varies between 8.5% - 8.9%.


Building a home gives every individual a deep sense of happiness. With a Home Loan in Delhi, you can realise your dreams and transform them into reality.

About the Author

Arwind Sharma is a financial advisor with an experience of more than 7 years. He has worked for topmost financial firms in India and has been a visiting faculty at many reputed institutes in India.

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Author: Arwind Sharma

Arwind Sharma

Member since: Oct 19, 2015
Published articles: 27

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