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. Further, with Bajaj Housing Finance, one can get Rs.5 Crore* or higher, 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.
Flexible Tenor
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: Eligibility Criteria
| 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.
Home Loan in Delhi: Documents Required
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)
- 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.
