Home Loan in Delhi: Overview
Many factors make Delhi a leading real estate destination. It is the capital of India and has seen a rise in employment opportunities due to the development of numerous small and large-scale industries in and around the city.
If you are planning to buy a home in Delhi, and looking for funds to facilitate your purchase, you can opt for a Home Loan with Bajaj Housing Finance.
Home Loan in Delhi: Features and Benefits
Low Interest Rates
You can 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
Our flexible repayment term of up to 40 years makes it easier to manage EMIs so that you can repay your loan comfortably.
Easy Balance Transfer Facility
Transfer your Home Loan to us and enjoy 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
You can access your loan account details, make payments, and do much more at any time and from anywhere through our customer portal.
Home Loan in Delhi: Interest Rate
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 should be employed with a stable source of salaried income from a public or a private company or an MNC with a minimum 3 years of work experience | The applicant should be self-employed with a business continuity of over 5 years in the current enterprise |
| They should be between 23 and 75 years** of age | They should be between 25 and 70 years** of age |
| They should be an Indian citizen (including NRIs) | They should 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 should keep handy if you are planning to apply for a Home Loan in Delhi.
- KYC Documents: Documents that serve as proof of your identity and address, such as your Aadhaar Card, Voter's ID, and Utility Bills. It is mandatory to produce a PAN Card or Form 60 for the loan processing.
- Proof of Income: Documents that act as proof of your income, such as the latest salary slips for salaried applicants and P&L statements for self-employed applicants
- Business Proof: Documents that confirm the existence of a business 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.
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, you can access the Home Loan application by clicking the ‘Apply Now’ button on the top right corner of this page.
- 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.
*Terms and conditions apply.
