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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 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 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 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 Finance have minimal interest rates, starting from 11.00%* 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!

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