New Delhi City

New Delhi serves as the capital of India, and hosts the executive, legislative, and judiciary branches of the Government of India. It is created by the British Raj and comprises spacious, tree-lined avenues and impressive government buildings. You will discover the fascinating ancient monuments, museums, art galleries, architectural wonders, and remarkable eating places. Not just this, New Delhi has bustling markets where you can shop till you drop.

Since New Delhi has been the political hub of India, almost every political activity in the country is mapped out here. Connaught Place, located in the northern part of New Delhi, happens to be one of North India’s largest commercial and financial centres. Key service industries in New Delhi include information technology, telecom, hospitality, banking, media and tourism. New Delhi along with Beijing shares the top most position as the emerging retail markets in the Asia-Pacific region.
 

Designed to be the symbol of British power and supremacy, New Delhi has a distinct architecture, constituting both Hindu and Islamic style. It took about 20 years to build the city of New Delhi from 1911. This place houses several historic sites and museums, such as India Gate, Rajpath, Jantar Mantar, Indira Gandhi Memorial Museum, National Gallery of Modern Art, National Museum of Natural History, National Rail Museum, National Handicrafts and Handlooms Museum, National Philatelic Museum, Nehru Planetarium, Shankar's International Dolls Museum, etc.

Home loan

Purchasing your dream home is just a click away. With home loan you don’t need to worry about the finances. You can buy a flat for yourself, a four storied house, commercial property or opt for house extension and renovation with a home loan. The loan amount you are eligible for is determined by your salary, age and credit core etc. This secured loan considers your house as collateral against the loan applied. You can also apply it along with your spouse or parent as co-applicant to share the burden of EMI and increase your 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. Eligibility for a Home Loan is based on the following factors:

  • 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

Home Loan Documentation

  • 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

Home Loan Details

 

Interest rate

10%–10.5%

Processing fee

0.50% of the loan

Loan tenure

1 year–30 years

Pre-closure charges/ pre-payment

Nil

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