Get Home Loan in Delhi NCR
Buying a home could be one of the biggest achievements of a person’s life. In most cases, it takes an entire lifespan to fulfil the dream of purchasing one’s own home. Selecting the ideal property involves a lot of research and planning. Many buyers explore Home Loan in Delhi NCR during this phase. Arranging funds is probably the toughest and the trickiest part of the process.
Most lenders get the property valued independently and provide Apply Home Loan in Delhi NCR based on their estimated value. It is important to remember, however, that frequently their valuation is significantly lower than the actual cost and hence the requirement of the borrowers goes up. Home loans are provided up to a maximum of 80% (90% for loan amounts below INR 20 lakhs) of the value of the house. Home loans are repaid using Equated Monthly Installments (EMIs) spread over a fixed tenure.
Why Choose Home Loan in Delhi NCR via My Loan Adda?
- Compare offers from top banks and NBFCs instantly
Lowest interest rates with flexible repayment options
Paperless process with doorstep documentation support
Zero hidden charges and complete transparency
End-to-end expert guidance for hassle-free approval
Documents Required for Home Loan in Delhi NCR
Every customer has to satisfy the Know Your Customer (KYC) norms stipulated by RBI. You have to provide the documents relating to your KYC, employment, business, and income.
Identity Proof
- PAN Card
- Aadhar Card
- Voter ID
- Driving Licence
- Passport
Address Proof
- Registered Rent agreement
- Aadhar Card
- Driving License
- Lease agreement
- Passport
- Latest Gas or electricity bill
Financial Documents – Employment or Business Proof
- Salary slips for the last 6 months in case you are a salaried employee (In addition, you can provide IT returns for the past 3 years along with Form 16)
- IT returns for the past 3 years in case you are self-employed (Some banks accept 2 years IT returns as well)
- Statement of A/c for the past 1 year where your salary is credited (in case of salaried people)
- Profit and Loss statement and Balance sheet for the last 2 years in case of self-employed persons
- Sales tax, GST registration certificates, if applicable
- Partnership deed in case of partnership firms (if the applicant is one of the partners)
- Certificate of Incorporation in case of limited companies(if the applicant is one of the directors)
Other documents:
- Loan application form duly filled in
- Photographs
- Signature Proof
Property documents:
- Copies of all property documents that can establish the chain of ownership for the past 13 years
- Property tax paid receipt in case you reside in the property being mortgaged (usually when you apply for Home Loan Balance Transfer)
FAQs
To get a home loan in Delhi, visit My Loan Adda and fill out the online application form. Submit required documents like ID proof, income proof, and property details. Our experts will help you compare offers from top banks and guide you through a smooth loan approval process.
Most leading banks like HDFC, SBI, ICICI Bank, and Axis Bank offer up to 90% home loan for property values below ₹30 lakhs. For higher property values, the loan-to-value (LTV) ratio is lower, typically 75%–80%.
The best home loan depends on your income, credit score, and property type. Generally, loans with low interest rates, flexible tenure, and zero prepayment charges are considered best. Compare offers on My Loan Adda to choose the right lender as per your profile.
A longer tenure (20–30 years) reduces the EMI burden but increases total interest paid. A shorter tenure (10–15 years) helps save on interest but increases EMI. Choose a loan period based on your monthly income and repayment capacity for a balance of affordability and savings.
You can apply for a home loan through My Loan Adda in just a few clicks.
Steps:
Visit the website and select “Apply Home Loan.”
Fill in basic personal and income details.
Upload required documents.
Get instant loan offers from top banks.
Choose the best option and get expert assistance till disbursal.
The minimum salary for a home loan is generally ₹25,000 per month, but it varies by lender. Higher salaries allow you to get larger loan amounts. Your income, credit score, and existing EMIs affect your eligibility. Use the Home Loan Eligibility Calculator on My Loan Adda to check your limit.
Most banks offer home loans to individuals aged between 21 to 65 years. For salaried applicants, the maximum age is typically 60 years at loan maturity, while for self-employed, it can be up to 65 years. Younger applicants can opt for longer loan tenures.