✓ Home Loan from ₹2 Lakhs To ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.50%

If you are a resident of Delhi and plan on becoming a homeowner, you can get a housing loan at interest rates starting at 8.50% p.a. Another feature of a home loan taken in Delhi is that you can secure up to 90% of the value of the property through the same. What’s more, you can also get balance top ups on the amount you have borrowed if you need more money than what you have already borrowed. If you are a beneficiary of housing schemes such as the Pradhan Mantri Awas Yojana (PMAY), you can also get interest subsidies of up to ₹6 lakhs on your house loan.

Compare Home Loan Interest Rate Offered by Various Banks & HFCs in Delhi

Below is a list of the current housing loan interest rates and charges for all leading banks in Delhi:

Bank Name

Starting Interest Rate (p.a.)

Processing Fees

Bajaj Housing Finance Home Loan

8.60% onwards


UBI Home Loan

8.60% onwards

0.50% (Max ₹15,000)

PNB Housing Finance Home Loan

8.50% onwards

0.25% - 0.50% (₹10,000)

ICICI Bank Home Loan

8.75% onwards


HFFC Home Loan

9.50% onwards

1% - 1.5% (₹9,990 to ₹21,990 + GST)


Disclaimer: Interest rates are subject to change. Please check with the lender before applying.

Check in details about Interest Rate on Home Loans

Top Home Loan Providers in Delhi

Some of the top house loan providers with operations in Delhi are as follows:

Home Loan Lenders


Contact Information

Bajaj Housing Finance Limited

Off. No. 1351, 13 Floor, Aggarwal Metro Heights Plot - E5, Netaji Subhash Place, Pitam Pura, New Delhi, Delhi 110034

020 3957 4151

Home First Finance Company (HFFC)

Community Centre, 6th Floor, Office No 611, Shahpuri Tirath Singh Tower, C-58, Janakpuri, New Delhi, Delhi 110058


PNB Housing Finance Limited

L-4 , 4th Floor Building , DCM Building, 16, Barakhamba Rd, Connaught Lane, Barakhamba, New Delhi, Delhi 110001

011 2335 7170



Union Bank of India

Radial, Rd Number 6, D Block, Connaught Place, New Delhi, Delhi 110001

011 2526 2180


Regal Building, Sansad Marg, Block 4, Hanuman Road Area, Connaught Place, New Delhi, Delhi 110001

1860 120 7777




5 Best Locations to Buy Property in Delhi

Some of the best locations to buy property in Delhi are as follows:

  • Uttam Nagar: Uttam Nagar is home to several Delhi-based affordable housing projects. One of the main things that makes Uttam Nagar an ideal locale to buy a property in is the fact that it is well connected to a majority of the parts of the Delhi NCR region through the Uttam Nagar East and West metro station. What also makes Uttam Nagar an attractive place to buy a property is its proximity to well-known parts of Delhi such as the Outer Ring Road, Pankha Road, Connaught Place and Karol Bagh. The prices of properties in Uttam Nagar usually stay within the range of ₹4100-₹7300 per square feet.

  • Greater Kailash: Known as one of the most up-market areas in South Delhi, Greater Kailash comprises of premium row houses, low-rise multi-storey apartments and bungalows. What makes Greater Kailash an upmarket residential area is its crowd and the number of malls, clubs and other kinds of social infrastructure that exists there. The prices of residential properties in this part of Delhi are comparatively on a higher side as they are within the range of ₹24000-₹38000 per square feet.

  • Dwarka: This particular location offers some excellent flats at a budget. Its close proximity to Delhi International Airport makes it an attractive place for homebuyers. What makes it all the more attractive is that given the fact that the Delhi-Gurgaon highway experiences high traffic, more and more commuters are making the move towards the Dwarka Expressway due to its connectivity to other parts of town.

  • Saket: A prime location in South Delhi, Saket is home to several row houses and multi-storey apartments. Additionally, Saket is filled with establishments such as restaurants, hospitals, malls, banks, and schools/colleges. Some of the most well-known educational institutions have a home in Saket, such as the Amity International School, New Green Field, and Gyan Bharti School. Saket can also prove to be an ideal choice for daily commuters due to its excellent metro connectivity. One can easily secure a home in this particular area for a price tag of under ₹19,000 per square feet.

  • Janakpuri: Known as one of the well-developed locales of Delhi, Janakpuri consists of several independent houses and residential properties developed by Delhi Development Authority (DDA). One of the main things that Janakpuri is known for is the Janakpuri District Centre. On top of that, this particular area boasts of a myriad of other amenities such as banks, schools, hospitals, and shopping malls. Much like Saket, Janakpuri could also prove to be the ideal locale of choice for the working-class commuter due to its stellar metro and bus connectivity. A homebuyer can purchase a house of their own in this particular area for a price tag of up to ₹20,000 per square feet.

Government Housing Projects in Delhi

  • Delhi Development Authority: DDA commenced its housing activities in 1967. Since then, it has played a crucial role in providing more than a million houses to the people of Delhi, which is about half of the population of the national capital. Since inception, the DDA has been constructing houses around the city according to the requirements and purchasing capacity of different strata of society. About half the allotments under are to economically weaker sections of society and to those belonging in low income groups.

Things to Consider While Buying a House in Delhi

  • Know what you want: Before buying a property, it is very crucial for you to know what you truly want. Do you want to be near schools, hospitals and shopping malls? Do you just want a quiet place for yourself? Do you want to be able to communicate without any hassles? Or, do you want a house that has an ample amount of space for your family? These are the kind of questions you should ask yourself, and once you have answers to them, go for a property that fits your needs best.

  • Locality: If you want to be close to a school, shopping malls or movie theatres, you should consider buying a house in a locality that has all of them or is close. If you want to be close to railway lines and have easy access to public transport, consider taking a house in an area that has such amenities.

  • Security: Your safety and that of your family should be your utmost priority. It is due to such a reason that you should consider buying a property that is laced with security cameras, alarm systems, round-the-clock-security and smoke detectors.

  • Legal clearances: You must also ensure that the building that you are buying the house in has the requisite legal clearances from the local authorities like an Encumbrance Certificate, and Occupancy Certificate and all the safety-related clearances from the local municipality. You must also check if there are any disputes over the property you plan on buying.

Features and Benefits of Home Loans in Delhi

Some of the features and benefits of a Housing Loan are as follows:

  • Interest rates for house loans in Delhi start at 8.50% per annum.

  • Loan repayment tenors can go as high as 30 years.

  • You can avail up to 90% of the property as a house loan.

  • Balance transfer facilities are available if you want to take advantage of lower interest rates of other lenders.

  • As an existing home loan borrower, you can also avail a top up of up to ₹1 crore.

  • As an existing home loan borrower, you can also avail home loan overdraft facilities.

  • You can prepay a part of your housing loan or the entire outstanding balance at zero extra charge if the interest rate on your house loan is calculated as per the floating interest rate system.

Eligibility Criteria for a Home Loan in Delhi

To get a home loan in Delhi, you must satisfy the below-mentioned conditions:

Employment Status

You must either be a salaried person, a self employed professional or a self-employed non-professional


Indian (Permanent Resident or Non-Residential Indian (NRI) or a person of Indian origin (PIO))


21 or above

Credit Score

Equal to or more than 750

Work Experience

  • Salaried Professional: 3 years

  • Self Employed Professional: 3 Years


Check the eligibility criteria for home loan

Documents Required for a Home Loan in Delhi

For Salaried Professionals


  • KYC documents: Passport, PAN card, Voter’s ID, Driving Licence, Aadhaar Card

  • Income Proof: Salary slips going back 3 months and bank statement for past 6 months with salary credits in addition to ITR and the latest copy of Form-16

  • Property documents like the sale deed and occupancy certificate.

  • Bank statements showing the repayment history of the person

  • A cheque for the payment of the processing fee

  • Employment contract

For Self-Employed Professionals

  • Income Proof: Income Tax Returns of the past 3 years

  • Balance sheet and Profit and Loss account statements of the past 3 years

  • Savings account statements of the applicant of the past 3 years and the current account statement of the corporate entity,.

  • Latest copy of the Form 26AS

  • Memorandum of Association (MoA) as well as Articles of Association (AoA) of the company.

Home Loan in Delhi FAQs

✔️How is EMI calculated for a home loan in Delhi?

EMI for a home loan in Delhi= [P x r x (1 + r) ^n] / [(1 + r) ^(n-1)]

Where ‘P’ is the principal loan amount

‘R’ is the interest rate, and

‘N’ is the loan tenure in months.

Alternatively, you can also use the Home Loan EMI Calculator which is available on Bajaj MARKETS.

✔️How to apply for a home loan in Delhi?

You can apply for a housing loan in Delhi through Bajaj MARKETS. All you need to do is feed in your personal information, share details regarding your property, submit the required documents and undergo a verification process. Then, wait for a customer service representative to get in touch with you regarding the same.

✔️What is the lowest interest rate on a home loan in Delhi?

The lowest interest that a house loan in Delhi attracts is 7.10% p.a.

✔️How long does it take to get a home loan in Delhi?

It could take about two weeks to get a house loan. The time taken to disburse the same mainly depends on the validity of the documents submitted, the loan amount and the overall creditworthiness of the applicant.

✔️What is the minimum income requirement to get a home loan in Delhi?

You must have a monthly income of ₹22,000 at least to get a home loan in Delhi.