A house is usually built with the savings of one’s lifetime. This house is beyond merely an asset and is the place where human relationship is born nurtured and developed. Human emotion is the thing that not only binds the inhabitants of the house together, but it is the element that turns the house into a home. Home loans help you in taking the plunge to go for the first step towards building or buying your own house. Presently home loans are available at cheaper interest rate that makes it possible for everybody to make his/her own house according to his/her requirement.
Home Loans in Delhi is available from many financial companies and banks. These financial companies offer house loans at much cheaper rate of interest and they make sure that the process of taking loan and paying it back is not difficult at all and the whole process is absolutely hassle-free. Here is a list of banks and housing finance companies that offer Home Loans in Delhi at cheaper rate.
Home Loan Providers in Delhi
- Citi Bank
- HDFC Bank
- BHW Home
- HSBC Bank
- UTI Bank
- Standard Chartered Bank
- LIC Housing
- IDBI Bank
- GE Money
- ICICI Bank
- ABN AMRO
- Kotak Mahindra Bank
- Bank of Baroda
- Delhi Cooperative Housing Finance Corporation Limited
There are some factors on the basis of which home loan are issued.
Home loans, such as the bank finance will be on the basis of the agreement value of the property. Whatever may be the price of the property, the bank will finance up to 80% of the agreement value of the property.
The age of the individual applying for loan has a great bearing on the amount of loan issued. The minimum age of the borrower must be 22 to 25, while the maximum age of the borrower must be from 58 to 65.
While issuing Home Loans in Delhi, the Delhi banks take an account of the income of the individual’s income. The income of the individual is taken into consideration for gauging the repaying capability of the applicant. In case the individual’s income does not match the required income an additional applicant can join the person as co-applicant. Home Loans in Delhi is available for buying an under construction property, self-construction, renovation of property, buying a property, etc.