Home Loan in Delhi

Have you been planning to buy a new home? There can be plenty of reasons behind this choice such as extended family, need for more rooms, and many others. Delhi, being the capital of India, has many people from different walks of life working at diversified companies. If you have been planning to buy a home in Delhi, you’re at the right. The need for required finances trumps other aspects when it comes to buying a home. You can simplify the process of buying a home and settling down with a home loan in Delhi.

Want to know more?

Features and Benefits

Here are some of the key features and benefits that you should know about a home loan in Delhi.

  1. Simple Application Process

  2. Typically, visiting a physical branch of the bank to apply for a loan requires plenty of time and energy. You would be asked to fill out a set of documents and forms. With Piramal Capital and Housing Finance, all you have to do is fill in a simple application form and provide the required documents to process your application.

  3. Flexible Tenor

  4. You will be provided with an option to repay your home loan anywhere between 5 years and 30 years. This flexibility allows you to plan your finances and avoid facing any form of financial duress.

  5. Dedicated Support

  6. The entire process of a home loan can sometimes be quite confusing. With dedicated relationship managers, you can have all your questions and concerns addressed at any time throughout the entire process. Even after your application phase, you can continue to receive support during the term on your home loan regarding processes like repayment, interest rate, and others.

  7. Attractive Interest Rates

  8. As a salaried or self-employed individual, you can avail of a home loan with an interest rate starting at 10.50%* per annum.

    Features and Benefits

    Before applying for a home loan, make sure that you meet all the required criteria to speed up the application and verification process. The eligibility criteria vary for salaried and self-employed individuals.

  1. Salaried Individuals

  • Age

    As a salaried individual, you should be at least 21 years of age to apply for a home loan. If you are a government employee who draws a pension, you can apply for a home loan in Delhi till you are 70 years old. However, if you work at a private company, you can only apply till 62 years of age.

  • Employment
    When it comes to your employment, you will have to work at a government institution, a public sector undertaking company, or public companies such as private limited companies or limited companies. You can also apply if you are working at a proprietorship concern such as an individual proprietorship or HUF, partnership firms such as an LLC, MNC, and institutions run by NGOs, societies, trusts, and others.
  • Documents
    You will be required to submit your KYC documents, income tax returns for the past 2 years, Form 16, bank statements over the last 6 months, salary slips, and documentation related to your property that is offered as collateral.
  1. Self-Employed Individuals

  • Age
  • You will have to be a minimum of 23 and a maximum of 70 years of age.
  • Employment If you are a CA, qualified doctor, architect, business owner, partner at a partnership firm, director of a company, or involved in a proprietorship, you can apply for a home loan.
  • Documents You have to submit your Form 16, KYC documents, bank statement for the past 6 months, ITR for the past 2 years, and documents for your collateral.

Calculating Your Home Loan EMI

It is wise to start planning your repayment process at the earliest as you would have enough time to accumulate the required finances. You can use the home loan EMI calculator by providing your home loan amount, interest rate, and tenor to calculate the amount of EMI you would have to pay.

How to Apply?

You have an option to “Quick Apply” with Primala Capital and Housing Finance on the website. Follow these 2 steps to apply.

Step 1: Enter your information such as your name, email ID, phone number, loan amount, and location.

Step 2: Click on submit and a representative will get in touch with you shortly.

In a Nutshell

You can avail of a home loan in Delhi through a simple process of understanding your eligibility, filling out an application form, and having the required documents ready. You can opt for a home loan on Piramal Capital and Housing Finance and experience benefits such as attractive interest rates, flexible repayment tenor, and more.