Looking to buy a house in the heart of India? Home loans in New Delhi can be availed of at an attractive interest rate starting from 8.10% p.a. This makes a good opportunity to turn your dreams into reality. Be it a salaried person, a self-employed individual, or an NRI, lenders offer customized home loan options with 90% financing, 30 years of flexible repayment tenure, and easy documentation.
Why Choose a Home Loan Among Other Options Available in New Delhi?
- Wide range of lenders including Banks, NBFCs, and HFCs
- Competitive interest rates starting from 8.10% p.a.
- Loan tenures as long as 30 years
- High property appreciation potential in NCR
- Access to government-backed subsidy schemes
Interest Rates Offered by Leading Lenders in Delhi
- SBI: 8.25% – 9.40% p.a.
- HDFC Ltd: 8.70% p.a. onwards
- ICICI Bank: 8.75% p.a. onwards
- Axis Bank: 8.75% – 12.80% p.a.
- PNB: 8.15% – 10.10% p.a.
Compare & Choose the Best Lender
- 30+ banks and housing finance companies available
- Side-by-side comparison of rates & charges
- Transparent eligibility checks
- Choose based on loan amount slabs
- Balance transfer & top-up options
Home Loan Balance Transfer Benefits
- Transfer your existing loan to a lower rate
- Avail top-up loan facility
- Save on EMI costs
- Improved loan features and services
- Quick processing via Upniva platform
Top-up Loan Facility
- Get extra funds over existing loan
- Useful for renovation, interiors, etc.
- Lower interest than personal loans
- Quick disbursal on top of home loan
- Minimal documentation required
Overdraft Home Loan Option
- Flexibility to deposit/withdraw funds
- Pay interest only on utilized amount
- Ideal for business owners & professionals
- No restriction on usage of funds
- Manage EMI better with surplus cash
Affordable Housing Schemes
- PMAY subsidy of up to ₹2.67 lakh
- Special schemes for LIG, MIG, EWS
- Lower processing fees
- Reduced EMI burden with subsidy
- Available via select lenders in Delhi
Home Loans for Self-Employed
- Flexible income documentation
- Acceptable business profiles: Trader, Contractor, Consultant, etc.
- Customized repayment options
- Loans up to 90% of property value
- Tax benefits under 80C & 24(b)
Home Loans for Salaried Employees
- Minimum income requirement: ₹15,000/month
- Stable job = higher eligibility
- Minimal documentation
- Pre-approved loan offers for select profiles
- Quick approval within 24–48 hours
NRI Home Loans in Delhi
- Loan for NRIs and PIOs
- Tenure up to 20–30 years
- Power of Attorney (PoA) option
- Online document submission available
Loans in INR only
- CIBIL Score & Its Importance
- Higher score = Better loan terms
- Minimum 750+ recommended
- Impacts interest rate and approval time
Free CIBIL check via Upniva
- Credit counseling available if needed
- Flexible Loan Tenure Options
- Choose between 5–30 years
- Longer tenure = lower EMI
- Early closure options available
- Part pre-payment allowed
Loan to Value (LTV) Ratio Explained
- Up to 90% of property cost
- Higher LTV possible for first-time buyers
- Based on property type and value
- LTV slabs vary across lenders
Documents Required for Salaried Individuals
- PAN, Aadhaar, Voter ID, Passport, Driving License
- Latest 3 salary slips
- 6-month bank statement
- ITR/Form-16
- Property documents and employment proof
Documents for Self-Employed Applicants
- Business profile & registration
- ITR for past 3 years
- Balance sheet & P&L account
- Savings & current account statements
- Ownership proof and processing fee cheque
How Long Does It Take to Get a Home Loan?
- Online application: 5 mins
- Documentation: 1–2 days
- Sanction: Within 3–5 working days
- Disbursal: Linked to property registration
- Faster approvals via Upniva
Property Types Eligible for Loan
- Ready-to-move residential flats
- Under-construction properties
- Self-construction homes
- Plot + construction loans
- Resale properties with clear titles
How Can Upniva Help You Get a Home Loan in Delhi?
Upniva is your trusted fintech partner when it comes to home loans. Here’s how we make it super simple:
- Compare 30+ lenders in one click
- Get pre-approved offers with zero hassle
- Free CIBIL score check & loan eligibility check
- Personal loan manager to guide you at every step
- Document pickup & digital submission options
Benefits of Applying through Upniva
- Exclusive low-interest deals not available elsewhere
- Speedy approval and disbursal
- Dedicated customer support
- Transparent process with zero hidden charges
- Get balance transfer & top-up recommendations
Tips to Get Low-Interest Home Loans
- Maintain a CIBIL of 750+
- Opt for shorter tenure
- Include a co-applicant for better eligibility
- Choose lenders offering PMAY
- Apply during festive or special rate periods
Who Can Apply for Home Loans?
- Salaried employees (Private or Government)
- Self-employed professionals & non-professionals
- NRIs and PIOs
- First-time home buyers
- Joint applicants with family members
Loan Sanction Letter – What It Includes?
- Sanctioned loan amount
- Interest rate (fixed/floating)
- Tenure and EMI structure
- Validity period of offer
Disbursal process steps
- Secure Your Home Loan – Insurance Options
- Home loan protection insurance
- Critical illness cover
- Fire & property damage insurance
- Life cover for co-applicants
- Available via lender tie-ups
Pre-payment & Foreclosure Rules
- No prepayment charges on floating rate loans
- Fixed-rate loans may attract 2% penalty
- Foreclosure possible after 6–12 EMIs
- Partial payments reduce total interest
- Use Upniva calculator to see savings
EMI Calculator – Know Your Repayment
- Input loan amount, rate, and tenure
- Instant EMI breakdown
- Know total interest payable
- Plan budget effectively
- Access on Upniva website
Areas in Delhi Where Loans Are Readily Available
- South Delhi: Saket, Greater Kailash, Vasant Kunj
- West Delhi: Janakpuri, Dwarka, Uttam Nagar
- East Delhi: Preet Vihar, Laxmi Nagar, Mayur Vihar
- North Delhi: Rohini, Model Town, Ashok Vihar
- NCR Regions: Noida, Ghaziabad, Gurgaon
Top Builders & Projects in Delhi NCR
- DLF, ATS, Godrej, Tata Housing, Sobha
- RERA-approved projects preferred
- Loans available for both flats and villas
- Tie-ups with developers for speedy loans
- Special rates for under-construction projects
Apply for Home Loan Online with Upniva
- 100% digital process
- Submit documents online
- Real-time loan status tracking
- Get instant approval updates on WhatsApp/SMS
- Start with free eligibility check
Co-applicant Advantage
- Include spouse/parent/sibling
- Boost loan eligibility
- Shared EMI responsibility
- Joint tax benefits
- Required for women subsidy in PMAY
Tax Benefits on Home Loans
- Section 80C: ₹1.5 lakh on principal
- Section 24(b): ₹2 lakh on interest
- Section 80EE/80EEA: For first-time buyers
- Joint owners can claim individual benefits
- Consult Upniva experts for tax-saving tips
FAQs – Home Loan in Delhi
Q1. What is the minimum salary required to get a home loan in Delhi?
Minimum ₹15,000/month, but varies by lender.
Q2. Can NRIs buy property in Delhi with home loans?
Yes, most banks and NBFCs offer NRI home loans.
Q3. What are the charges apart from interest rate?
Processing fee, legal fee, technical charges, etc.
Q4. How much loan can I get against ₹50,000 salary?
Approx. ₹25–30 lakh, depending on CIBIL and obligations.
Q5. Can I apply for home loan before finalizing the property?
Yes, get pre-approved and shortlist property later.