Best Banks For Home Loan Faridabad
| Feature | HDFC Bank | Private Bank | Bank of India |
| Interest Rate | 6.95% to 8.2% | 6.95% - 7.95% | 6.85% to 7.15% |
| EMI/Lakh | Rs. 662 | Rs. 659 | Rs. 655 |
| Max Loan Amt | Upto 10 Cr. | Upto 10 Cr. | Upto 10 Cr. |
| Loan Tenure | Upto 30 years | Upto 30 years | Upto 30 years |
| Processing Fee | Upto 0.5% of loan amount + GST | 1% – 2% of loan amount + GST | 0.25% - 0.50% of loan amount + GST |
| Preclosure Charges | No prepayment charges for floating rates | No prepayment charges for floating rates | No prepayment charges for floating rates |
Home Loan Faridabad Features
Do you wish to have your dream home? In your dream home, you can sit back and relax and see the beauty of the house and be inspired by the smiles of your loved ones. Somehow this dream is far from reality. Home Loan can help you to turn your dreams into reality.
Get financially help with a Home Loan with Dialabank.
A loan that is taken to either buy or to construct a new home is known as a home loan. Here, the property for which the loan is taken is not owned by the loan applicant.
A home loan is not only available for buying a home or constructing one but also the applicant who is taking the loan can use different schemes for a home loan offered by the bank for extensions, plot purchase, renovation, and many other things related to home property.
The loan is available on the following types of property:
- New flat
- Ready to Move-in House
- Plot From MHADA, DDA, etc.
- Home construction
- Home extension
- Home renovation
Home Loans under Pradhan Mantri Awas Yojana are also available in Faridabad. Please find more information on home loan eligibility Below or by visiting Dialabank.
Home Loan Faridabad Interest Rates
Top 10 banks offering the lowest home loan interest rates for salaried individuals
| Bank Name | RLLR | Minimum Home Loan Rate Interest Rate (%) | Maximum Home Loan Rate Interest Rate (%) |
| Union Bank of India | 6.8 | 6.7 | 7.15 |
| Bank of India | 6.85 | 6.85 | 7.15 |
| Central Bank of India | 6.85 | 6.85 | 7.3 |
| Canara Bank | 6.9 | 6.9 | 8.9 |
| Punjab & Sind Bank | 6.9 | 6.9 | 7.25 |
| Private Bank | 6.95 | 6.95 | 7.95 |
| SBI Term Loan | 6.65 | 6.95 | 7.45 |
| Bank of Baroda | 7 | 7 | 8.35 |
| IDFC First Bank | 7 | 7 | 8 |
| Bank of Maharashtra | 7.05 | 7.05 | 8.35 |
| HDFC Bank | 6.95 | 6.95 | 8.2 |
Home Loan Faridabad Documents Required
The documents required for home loan are subdivided into different categories-
Salaried Individual:
Valid ID and Residence Proof: A copy of Proof of Identity and Residence such as Aadhaar, PAN, Driving License, Passport, Voter ID, etc.
Income Proof:
- Bank Statements showing salary credits from the last 6 months.
- Latest Salary Slips from the last 3 months.
- Latest Form-16 and IT returns
- Employment Contract/Appointment Letter if the current employment is less than a year old.
Property Related Documents:
- A cheque for processing fee favoring ‘The Particular Bank.’
- Copy of the Buyer Agreement/Allotment Letter
- Receipt/(s) of payment/(s) made to the developer
Self Employed Individual:
Valid ID and Residence Proof: A copy of Proof of Identity and Residence such as Aadhaar, PAN, Driving License, Passport, Voter ID, etc.
Income Proof:
- Bank Statements showing salary credits from the last 6 months.
- Business Profile and Previous 3 years Income Tax returns (Both self and business)
- Previous 3 years Profit/Loss Account and Balance Sheet.
Proof Of Business:
- Educational Qualifications Certificates
- Business achievements (Certificate or awards if any)
Property Related Documents:
- A cheque for processing fee favoring ‘The Particular Bank.’
- Copy of the Buyer Agreement or Allotment Letter
- Receipt/(s) of payment/(s) made to the developer
Agriculturists:
KYC Proof – PAN Card (Mandatory) and any of Driving License/Voter ID/Passport
Income Proof:
- Bank Statements showing salary credits from the last 6 months.
- Copies of title documents of agricultural Land showing crops being cultivated
Property Related Documents:
- A cheque for processing fee favoring ‘The Particular Bank.’
- Copy of the Allotment Letter / Buyer Agreement
- Receipt/(s) of payment/(s) made to the developer
Additional requirements for Co-applicants:
Passport size photograph of all co-applicants to be affixed on the Application Form and signed across
Home Loan Faridabad Eligibility Criteria
Home loan eligibility criteria has been classified as as-
Salaried Individual:
- The applicant’s nationality should be Indian.
- The applicant must be between the age group of 18 years to 65 years.
- Must have working experience and a legitimate source of salary i.e working under the same employer for at least one year.
Self Employed Individual:
Applicants who are not professionally involved in the working sector but have their source of steady income are also eligible for the Home Loan. This includes everybody who is a:
- Traders
- Commission agent
- Contractors
The following criteria must be met to apply for a home loan:
- The applicant must be between the age group of (Minimum) 18 years to (Maximum) 65 years.
- Must have working experience and a legitimate source of salary i.e working under the same employer for at least one year.
Self Employed Individual:
Applicants who are not professionally involved in the working sector but have their source of steady income are also eligible for the Home Loan. This includes everybody who is a:
- Traders
- Commission agent
- Contractors
The following criteria must be met to apply for a home loan:
- The applicant’s nationality should be Indian.
- The applicant must be between the age group of 18 years to 65 years.
Self Employed Professionals:
Applicants who are professionally involved in the working sector are also eligible for the Home Loan in Faridabad. This includes everybody who is a:
- Doctors
- Lawyers
- Charted Accountant
- Architect
- Consultant
- Engineer
- Company Secretary
The following criteria must be met to apply for a home loan:
- The applicant’s nationality should be Indian.
- The applicant must be between the age group of 18 years to 65 years.
Additional Criteria for Co-applicants:
- Co-applicant must be a family member of the primary applicant.
- All co-applicants are not required to be the co-owners of the property.
Please find more information on Eligibility by visiting DialaBank.
How To Apply For Home Loan Faridabad
- Visit Dialabank for a Home Loan.
- Go to the specific city Home Loan page.
- Check out all the eligibility and documents criteria for a Home Loan.
- Fill out all the details required in the Home Loan application form.
- Once done, our representative will soon contact you for a further stress-free process.
Processing Fees / Prepayment Charges On Home Loan Faridabad
| Particulars | Charges |
| Processing Fees | Salaried Individuals: 0.50% of the loan amount or Rs. 3,000, whichever is higher.Better estimation can be done from home loan EMI calculator Self Employed Professionals: 0.50% of the loan amount or Rs. 3,000, whichever is higher Self Employed Non-Professionals: Up to 1.50% of the loan amount or Rs. 4,500, whichever is higher |
| Prepayment charges | No prepayment charges for floating rates |
Home Loan EMI Calculator Faridabad
CIBIL Score Required For Home Loan Faridabad
A CIBIL score of 750 and above is considered to be very good and it attracts a lower interest rate for home loans in Faridabad. However, a CIBIL score between 650 to 750 could be taken if you have a good income or you have a good relationship with the bank you are applying to but a moderately higher rate of interest will be offered in that case. If you have ever defaulted and your CIBIL score is very low, then your loan application might be rejected.One of the advantage is that it will provide low home loan interest rate.
Maintaining a good CIBIL score is a good practice as every financial institution strictly examine the detailed behavior of the previous loans taken. This includes details on the type of loan taken and the loan amount you have borrowed. Any late payments for previous loans can act as a barrier to your availing a fresh loan.
Check your CIBIL score in your credit report for more information on the score.
Home Loan Faridabad Agent / Broker
One of the major and best agents of Home Loan Faridabad is Dialabank. Having vast experience in the field put an advantage. Dialabank has worked with thousands of loan seekers and has successfully delivered what is agreed upon!
You can visit Dialabank online for information on Home Loan
Home Loan Faridabad Contact Number
You can contact us by dialling 9878981166 to get more information about home loans and we will give you the best advice to help you fulfil your dreams.
Pre Calculated EMI Table for Home Loan Faridabad
Better estimation can be done from the home loan EMI calculator
About Faridabad
Faridabad is the most populous city in the Indian state of Haryana. It is a leading industrial centre and is situated in the National Capital Region bordering the Indian capital New Delhi. It is one of the major satellite cities of Delhi and is located 284 kilometres south of the state capital Chandigarh.
Get Home Loan Faridabad information on Dialabank online!
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