Home Loan in Delhi: Overview
Many factors make Delhi a top real estate destination. To start with, the city's industry-friendly policies have led to the emergence of many small and large-scale industries in the city, which in turn, has led to growing employment opportunities and therefore, a rapid increase in the influx of people from nearby states and cities into Delhi. Delhi is also rapidly expanding and therefore, many projects are coming up, ensuring that there is something to fit everyone’s budget.
If you are planning to buy a home in the capital city, and need funds to facilitate your purchase, opt for a Home Loan with Bajaj Housing Finance.
Home Loan in Delhi: Features and Benefits
Low Interest Rates
You can now avail of a Home Loan in Delhi at interest rates as low as 8.50%* p.a. for salaried applicants. Further, with Bajaj Housing Finance, one can get Rs.5 Crore* or higher, basis eligibility, as their Home Loan sanction.
Flexible Tenor
Choose to pay your loan over a period extending up to 40 years, keeping your EMIs easy to repay.
Easy Balance Transfer Facility
Transfer your Home Loan to us and enjoy highly competitive interest rates. Further, when you opt for a Home Loan Balance Transfer with us, you also have the option to avail of a Top-Up Loan of Rs.1 Crore*.
Part-prepayment and Foreclosure Facility
Take a Home Loan on floating interest rates and part-prepay or foreclose your loan at no additional charges. Note that this facility is only offered to individual borrowers.
Online Account Management
Now access your loan account details, make payments, and do so much more at any time and from anywhere through our customer portal.
Home Loan in Delhi: Interest Rate, Fees and Charges
Salaried borrowers who wish to apply for a Home Loan in Delhi can avail of a Home Loan with us at 8.50%* p.a. To know more about our interest rates, click here.
Eligibility Criteria for a Home Loan in Delhi
| Salaried Individuals | Self-Employed Individuals |
|---|---|
| The applicant must be employed with a stable source of salaried income from a public or a private company or a multinational with a minimum 3 years of work experience | The applicant must be self-employed with a business continuity of over 5 years in the current enterprise |
| He/she must be between 23 and 75 years** of age | He/she must be between 25 and 70 years** of age |
| He/she must be an Indian citizen (including NRIs) | He/she must be an Indian (resident only) |
Note that the home loan eligibility requirements are indicative and can include additional criteria.
**The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.
Documents Required for a Housing Loan in Delhi
These are the documents you must keep handy if you are planning to apply for a home loan in Delhi.
- KYC Documents: KYC documents (documents that serve as proofs of your identity and address). It is mandatory to produce a PAN card or Form 60 for the loan processing.
- Proof of Income: Proof of Income (based on the applicant’s profile; includes latest salary slips for salaried applicants and P&L statements for self-employed applicants)
- Business Proof: Proof of business existence with a vintage of not less than 5 years (for self-employed applicants only)
- Account Statements: Statements of your primary account of your last 6 months as proof of income
Please note that this is only an indicative list. During the time of loan processing, additional documents may be required. These requirements will be communicated to you.
*Terms and conditions apply.
How to Apply for a Home Loan Online in Delhi
You can apply for a Home Loan with Bajaj Housing Finance online with ease. To apply for a loan online, follow these simple steps:
- Visit our official website to find the housing loan application form.
- Alternatively, access the Home Loan application by clicking on the ‘Apply Now’ button.
- Enter your personal information, including name, phone number, and employment type.
- Select the desired loan type and enter your monthly income.
- Enter your PIN code and specify the loan amount.
- Click ‘Generate OTP’ and input the received OTP. Then, click ‘Proceed’.
- Provide all requested financial details. The detail you will have to enter may change as per your employment.
- Submit the filled-out form by clicking ‘Submit’.
Once you submit your application form, our representative will contact you in 24 hours* to walk you through the next steps.
