Purchasing a house is a standout amongst the most costly buys a person ever makes in his/her life and with choices like this, one cant bear to turn out badly. It is essential to do through research on the property and the area that youre going to purchase a house in.
Delhi is one of the largest cities in the world. The National Capital of India is witnessing the big rise in urban township. Delhi hosts some of the most extravagant properties in India.
Buying a house on loan enables you to have a place of your own. You start living there as soon as your loan gets sanctioned and you pay your first EMI. With the numerous options for home loan in Delhi, you can easily buy a house that suits your budget and have your EMIs set accordingly.
Typically, renters have to sign a staying agreement of 11 months while renting a home in Delhi. Getting a house on home loan also saves you from the pressure of changing your home every 11 months.
Thus, for all intents and purpose, buying a house on loan is better than renting it. Buying a home for yourself and your family is not that difficult now. With easy home loans, one can easily buy a house of their dreams.
|Bank||City||Loan Period||Interest Rates (Starting From)|
|Punjab National Bank||Delhi||30 Years||9.40%|
|HDFC Bank||Delhi||30 Years||9.15%|
|State Bank Of India||Delhi||30 Years||9.10%|
|Tata housing||Delhi||30 Years||9.45%|
|ICICI Bank||Delhi||30 Years||9.20%|
Getting your home loan approved from the bank is a rather time consuming task. First, you have to go to the bank’s office to fill out application forms, then there’s the added effort of keeping a check on the progress of your application.
Lenders look at many factors before deeming a borrower eligible for the loan-
a. Good CIBIL Score
b. Current income
c. Employment History
d. Equated Monthly Instalments (EMIs)