Home Loan in Noida

Located only a few kilometers away from the capital of New Delhi is the city of Noida. The New Okhla Industrial Development Authority, abbreviated as NOIDA, is a hotbed for industries. With increasing industrialization, job opportunities are on the rise as well. This can act as a huge incentive for people to settle in Noida. However, buying a home solely with one’s own savings might be difficult.

Piramal Capital & Housing Finance offers home loans that can help people buy their dream house in Noida. So if you’re looking for a home loan to buy a house in Noida, here’s everything you need to know.

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Home loans in Noida

You can now fulfil your dream of buying a home in Noida with easy-to-apply home loans. Here are some things you should know about home loans in Noida.

  1. Simple application process

  2. The process to apply for a home loan is simple and can be done entirely online. An informed representative will guide you through the application process.

  3. Eligibility criteria

  4. The eligibility criteria to apply for a home loan are the following.

  • For salaried individuals:

    Any salaried individual, 21 years or above, can apply for a home loan. On the other hand, the maximum age to apply for a home loan in Noida is 70 years for government employees and retirement age for other individuals.
    Any person working in a government office, public sector undertaking office, private limited company, MNC or other such institutions are eligible for a home loan.

  • For self-employed individuals:
    Any self-employed individuals between the age of 23 to 70 can apply for a home loan from Piramal Capital & Housing Finance. This includes self-employed doctors, chartered accountants and other professionals. Self-employed non-professionals and business owners can apply as well.
  1. Document requirements

  2. Applying for home loans at Piramal Capital & Housing Finance requires minimal documentation. However, there are different document requirements for salaried and self-employed applicants, in some cases.

Application form

The application form needs to be duly filled and submitted along with a recent passport-sized photograph.

Proof of identity

The following documents can be presented as a proof of your identity.

  • Aadhar card
  • Voter's ID card
  • Passport
  • Driving license
  • Letter from NPR (National Population Register)
  • NREGA job card

Proof of residence

As a proof of residence, you can provide any of the following documents.

  • Aadhar card
  • Voter's ID card
  • Passport
  • Driving license
  • Phone bills, electricity bills and other utility bills
  • Letter from NPR
  • NREGA job card

Proof of income

When it comes to proof of income, it slightly differs for salaried and self-employed applicants. Salaried applicants can provide the following as proof of income:

  • Recent salary slips
  • Recent bank statement
  • 2 Years’ Form 16

As for self-employed individuals, the following can be presented as proof of income:

  • Income Tax Returns of last 2 financial years
  • Bank statement of last 6 months
  • Financials audited by a chartered accountant
  1. Co-applicant

  2. In order to apply for a home loan, having a co-applicant is mandatory. Your spouse, parents and any other immediate family member can be a co-applicant

  3. Interest rate

  4. Home loans at Piramal Capital & Housing Finance have minimal interest rates, starting from 10.50%* per annum.

  5. Fees and charges

  6. You may be charged a nominal processing fee. However, all the fees and charges will be mentioned in the application process.

Why should you buy a home in Noida?

Noida is a planned city with growing industries. Yet it is known for being one of the greenest cities in India. A healthy balance of the urban and the rural world, Noida makes for the perfect city. A home loan in Noida can make your dream house in Noida possible!