Home loan Interest Rates in Delhi

Buying your dream home is just a click away. At Retailloans, get assured best home loan interest rates in Delhi, so that you don’t need to worry about the finances ahead. You can choose to buy a flat for yourself, a four storied house, commercial property or opt for house extension and renovation with a home loan. The amount of loan you are eligible for is determined by your salary, age and credit score etc. It is a kind of secured loan and considers your house as collateral against the loan applied. Best part is that you can also apply it along with your spouse or parent as co-applicant to share the burden of EMI and increase your overall eligibility of the loan amount

 

 

 

Home Loan Eligibility

The home loan offered to an individual is restricted to 70% – 85% of the house value and the remaining amount is to be paid by the borrower himself. Some of the eligibility factors for getting the best Home loan Interest Rates in Delhi are :

  • Age (21–65 years)
  • Educational qualifications
  • Stability and continuity of income for repayment
  • Credit score ranging between 300 to 900
  • Number of dependents
  • Co-applicant’s income, if any
  • Assets and liability of other loans

Documentation Required for getting the best home loan interest rates in Delhi

  • Filled application form with photograph
  • Processing fee by cheque or draft

For salaried individuals

For self-employed individuals

Identity, residence and age proof– voter id, Pan card, Adhar card, passport etc. that is acceptable to the bank.

Last 6 months’ bank statements

Education qualification certificate

Last 3 months’ salary slips

Last 6 months’ bank statements

Form 16 or Income Tax returns

Last 3 months’ salary slips

 

Form 16 or Income Tax returns with computation of income

 

Proof of continuity/existence of business, for self-employed non-professionals

 

Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home Loan Features

  • Pre-approved home loan with a lower interest rate and minimum documentation
  • Home loan balance transfer will allow you to shift your home loan from current bank to the one with lower EMI.
  • Home loan insurance
  • Flexible rate to choose from fixed or floating. In case of fixed rate you need to pay the same interest rate throughout the tenure. Whereas in case of floating rate the interest rate is influenced by the market.
  • Quick and transparent processing