Delhi is a metropolitan city which is also the political capital of India. Moreover, many corporates have their head offices in Delhi making it a hotbed for entrepreneurs and employees alike. Delhi, therefore, attracts individuals and the real estate sector in Delhi is quite booming. However, real estate prices are high and individuals find it difficult to fund for their own home themselves. That is why home loans are popular in Delhi. These loans allow individuals to buy their own homes. The Loan is affordable with low-interest rates and the repayment tenures are also high. Moreover, there is no shortage of lenders. Both banks and non-banking financial companies offer attractive home loans to people looking to buy their own homes in Delhi.
You might feel confused when choosing the best lender and so here is a list of top five banks and financial institutions which offer the best home loans –
ICICI Bank is one of the leading private sector banks in the country. The bank allows you to apply for a home loan online using tablets and Smartphones. The features of the bank’s home loans are as follows –
- Pre-approved home loans are available for handpicked existing customers of the bank
- Home loans at 5.14% interest are available under Pradhan Mantri Awas Yojana
- Home loan balance transfer and top-up loans are also available
- Interest starts from as low as 9.10% per annum
Axis Bank is another reputed bank which offers ten variants of home loans to suit every borrower’s needs. Some salient features are as follows –
- The minimum loan amount starts at INR 1 lakh and goes as high as INR 1.5 crores and above
- Pre-approved home loans are also available
DHFL is specifically a housing finance company which offers a variety of home loans. You can avail loans for buying a plot of land, for constructing your home, for making renovations and extensions to your home and also under the Pradhan Mantri Awas Yojana Scheme. NRIs can also avail a home loan offered by DHFL. The interest rates are competitive and the loan is affordable.
Another premier bank of India, HDFC offers attractive home loans which are also easy to apply. HDFC home loans allow you flexible repayment options, minimal documentation, and quick processing. Females can enjoy lower interest rates on the loan and the loan tenure is also sufficient. A variety of home loans are available for funding different home-related needs. Home loans are also categorized for different individuals like agriculturists, planters, horticulturists, etc.
State Bank of India also offers various home loans to suit different requirements. The loans have a low processing fee, no hidden charges, no fee for prepayment or foreclosure and repayment tenures extend for up to 30 years. Interest rate starts at 8.75% and goes up to 9.50% making the loan affordable for borrowers.
So, if you are confused about choosing the right home loan, consider the loans offered by these lenders. They are the best lenders who would offer you the cheapest and the best home loans for all your housing needs.
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