Delhi is a sprawling metropolitan city having the distinction of being the most populous city in India. The GDP of Delhi is second only to that of Mumbai. Hence, Delhi has a vibrant financial market. Delhi has a tremendous middle-class population thereby providing ample opportunities to the banks and NBFCs (Non-Banking Financial Companies) for marketing their Home Loan products.
Almost all the reputed banks and NBFCs in India have their branches in Delhi. Delhi has a huge market for Home Loans. Therefore, you see all these banks and NBFCs offering their best Home Loan offers for their customers in Delhi.
You are eligible to Apply for Home Loan in Delhi if:
Let us look at some of the best banks that provide Home Loans in Delhi:
Name of Bank | SBI Home Loan |
Maximum Amount of Home Loan | No maximum limit |
Rate of Interest | 8.45% |
Maximum Loan Tenure | 30 years |
EMI Per Lakh | 765 |
Processing Fees | 0.35% of Home Loan amount
Minimum 2,000 and maximum |
Overview of the Home Loan Product | · Product to suit the needs of every customer
· Lowest interest rates in the market · Low processing fees · No hidden charges · Extensive network of branches in Delhi and NCR |
Name of Bank | HDFC Bank Home Loan |
Maximum Amount of Home Loan | No maximum limit |
Rate of Interest | 8.50% |
Maximum Loan Tenure | 30 years |
EMI Per Lakh | 769 |
Processing Fees | 0.50% of the loan amount |
Overview of the Home Loan Product | · Customised options to suit the needs of the individual
· Special arrangement with AGIF for approving additional loans to Armed Forces personnel · No hidden charges · Variety of Home Loan products |
Name of Bank | ICICI Bank Home Loan |
Maximum Amount of Home Loan | No upper limit as it is a need-based finance |
Rate of Interest | 8.55% |
Maximum Loan Tenure | 30 years |
EMI Per Lakh | 772 |
Processing Fees | 0.50% of the loan amount |
Overview of the Home Loan Product | · Quick processing
· Higher eligibility · Application processed through a smartphone · Pre-approved loan facility |
Name of Bank | Axis Bank Home Loan |
Maximum Amount of Home Loan | No limit on the maximum loan |
Rate of Interest | 8.50% |
Maximum Loan Tenure | 30 years |
EMI Per Lakh | 769 |
Processing Fees | Regular processing fees – 1% of the loan amount |
Overview of the Home Loan Product | · Doorstep service facility
· No upper ceiling on loan limit · Floating and fixed rates available · Quick and transparent processing · Waiver of last 12 months EMI subject to conditions |
Name of Bank | PNB Housing Finance |
Maximum Amount of Home Loan | Need-based finance, hence no maximum ceiling on home loan |
Rate of Interest | 8.40% |
Maximum Loan Tenure | 30 years |
EMI Per Lakh | 762 |
Processing Fees | 0.50% of the loan amount
Maximum 20,000 for loans up to |
Overview of the Home Loan Product | · Wide network of branches in the NCR
· Excellent post-disbursement services · Facility to enhance loan limit in case of escalation of costs · Pradhan MantriAawasYojana |
Name of Bank | Bank of Baroda Home Loan |
Maximum Amount of Home Loan | No maximum ceiling on home loan |
Rate of Interest | 8.50% |
Maximum Loan Tenure | 30 years |
EMI Per Lakh | 769 |
Processing Fees | Minimum 7,500 and Maximum 12,500 |
Overview of the Home Loan Product | · Different variants of home loans available
· Facility to apply online · Free credit cards to all Bank of Baroda home loan borrowers · Concession of 0.25% in the rate of interest on car loans · Free accident insurance |
Name of Bank | Citibank Home Loan |
Maximum Amount of Home Loan | Up to 10Crores |
Rate of Interest | 8.50% |
Maximum Loan Tenure | 25 years |
EMI Per Lakh | 805 |
Processing Fees | 5,000 plus 0.40% of the loan amount |
Overview of the Home Loan Product | · Attractive rates of interest
· Easy processing and approvals · Flexibility in repayment · Facility to pay interest amount alone during the construction period |