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Max Tenure

5 yrs

Best Rate

7.35%

Processing Fee

10,000?*

View Details

Features

  • * Upto 30 years Loan Tenure
  • * No Prepayment or Foreclosure charges
  • * Funding up to 90%* of the property cost
  • * Customized eligibility programs
  • * Accessible network & decades of experience

Pricing

  • Interest rate – 7.35%
  • Processing Fees – 0.25% of loan amount or Rs. 10,000/- (salaried), 0.5% of loan amount or Rs. 10,000/- (self-employed)

Documents Required

  • Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority)
  • Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority)
  • Education Qualifications – Latest Degree
  • Latest Salary-slips for 3 months or 3 years Income Tax returns for Self Employed
  • Bank Account statement for last 6 months (Salary Account) or 12 months for Self Employed

Max Tenure

30 yrs

Best Rate

6.90%

Processing Fee

0%*

View Details

Features

  • Best ROI in the industry
  • For women beneficiaries 0.05% less than normal rate
  • Speedy Sanction
  • No prepayment charges
  • No hidden charges
  • Interest calculated on daily reducing balance
  • Longer Repayment tenor

Pricing

  • Interest Rate: 6.90% to 8.90%
  • Processing Fee: 0

Documents Required

  • ID proof(PAN card, Pass port/Voter Id/Employer ID/Driving Licence/ Aadhaar Card/MNREGA No) with 2 PP photos
  • Residence proof: Latest Tel bill, Bank Statement / Elec bill / Ration Card / letter from employer)
  • Certificate from employer confirming confirmation of continuous service - For Salaried Only
  • A brief note on nature of business / activity / business licence in case of self-employed
  • Form 16 for last 3 years
  • Bank Statement / Pass book of salary or Business A/c for last 6 months
  • Balance sheet and P&L Account for last 3 years - For Self Employed
  • Salary Slip for last six months - for Salaried
  • Income Tax returns with taxpaid challans for last 3 years - For Self Employed

Max Tenure

15 yrs

Best Rate

12%

Processing Fee

3-5%

View Details

Features

  • Loan on Cash income
  • Past Bureau issues also considered.
  • Funding on gram panchayat , B khata , Properties under municipal limits also funded.
  • Loan starts at 5 lacs.

Pricing

  • Interest Rate: 12 % to 18%
  • Processing Fee: 3 - 5%

Documents Required

  • Identity proof such as Pan Card, Voters ID Card, Passport.
  • Address proof such as electricity bill, ration card.
  • Income proof documents, if available.
  • Bank pass book or Bank Statements.
  • Property documents, if property identified.

Max Tenure

30 yrs

Best Rate

8.65%

Processing Fee

Rs. 10,000/-*

Max Tenure

25 yrs

Best Rate

9.85%

Processing Fee

0.8%*

Max Tenure

15 yrs

Best Rate

15%

Processing Fee

2%

Max Tenure

30 yrs

Best Rate

9.65%

Processing Fee

NIL

Max Tenure

20 yrs

Best Rate

9.1%

Processing Fee

Nil

Max Tenure

25 yrs

Best Rate

8.70%*

Processing Fee

0.25%*

Max Tenure

30 yrs

Best Rate

8.70%

Processing Fee

Rs.5000/-*

Max Tenure

15 yrs

Best Rate

12%

Processing Fee

Rs.9500/-*

Max Tenure

20 yrs

Best Rate

12%

Processing Fee

1%*

Max Tenure

60 months

Best Rate

10.75%

Processing Fee

1.50%

Max Tenure

20 yrs

Best Rate

9.75%

Processing Fee

0.25%*

Max Tenure

30 yrs

Best Rate

8.40%

Processing Fee

Rs. 10,000/-*

Max Tenure

20 yrs

Best Rate

10.50%

Processing Fee

1.5%

Max Tenure

25 yrs

Best Rate

8.70%

Processing Fee

NIL

Max Tenure

25 yrs

Best Rate

8.70%

Processing Fee

Rs.2500/-*

Max Tenure

nil*

Best Rate

8.30%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.55%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.55%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.30%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.35%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.30%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.30%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.7%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.25%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.25%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.45%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.30%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.65%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.30%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.35%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

nil*

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10..0%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.35%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.60%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.65%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.60%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.00%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.70%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.55%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.55%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.00%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.10%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.10%

Processing Fee

nil*

Max Tenure

30 yrs

Best Rate

9.1%

Processing Fee

1.50%

Max Tenure

nil*

Best Rate

Processing Fee

nil*

Max Tenure

NA

Best Rate

Processing Fee

nil*

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How to Get a Home Loans in Faridabad

Faridabad is a major city in the state of Haryana. It is one of the satellite cities of Delhi with well-developed infrastructure and public amenities. Since it is part of the National Capital Region of Delhi (NCR), many working-class individuals seek to own a house in this region.

Faridabad has some amazing properties and most of the leading builders constructing apartment projects. If you are planning to own a house in Faridabad, you can find all leading home loan lenders offering competitive home loans for eligible individuals. You can get low interest rates and high repayment tenure to own your dream home today in Faridabad.

Snapshot of Home Loans in Faridabad

Loan amount

Up to 80% of property value;

Get up to Rs.10 crores

Interest rates

Starts at 6.6% and goes up to 12%

Repayment tenure

Up to 30 years based on your age

Processing fees

Starts at about 0.4% and goes up to 2%

Top Home Loan Lenders in Faridabad

Housing Finance CompanyHousing Finance Interest RatesProcessing Fee

SBI

Starts at 6.55%

0.40% Min of Rs.10000 and a Max of Rs.30000

HDFC

Starts at 6.75%

0.50%, Min Rs. 3,000

PNB Housing Finance

Starts at 7.35%

0.50%, Min Rs. 10,000

LIC Housing Finance

Starts at 6.66%

Min Rs. 10,000 to

Indiabulls

Starts at 8.65%

1.00%

IIFL

Starts at 8.45%

1.25%

Piramal Housing Finance

Starts at 9.00%

0.10%

GIC Housing Finance

Starts at 10.25%

Min Rs. 2,500

Sundaram Home Finance

Starts at 6.95%

NIL

L&T Housing Finance

Starts at 6.75%

2.00% Min Rs. 4,999

Popular localities in Faridabad and their property rate trend are

LocalityPrice range per sqft

Bathola

Rs. 2,848 - 3,485/sq. ft.

Charmwood Village

Rs. 5,738 - 6,758/sq. ft.

Greenfield Colony

Rs. 2,805 - 3,528/sq. ft.

Nehar Par

Rs. 2,932 - 3,570/sq. ft.

Rajendra Colony

Rs. 4,505 - 5,270/sq. ft.

Sector 2 Faridabad

Rs. 2,550 - 3,230/sq. ft.

Sector 3 Faridabad

Rs. 4,122 - 5,185/sq. ft.

Sector 19 Faridabad

Rs. 5,185 - 6,375/sq. ft.

Sector 21D Faridabad

Rs. 4,292 - 4,972/sq. ft.

Sector 37 Faridabad

Rs. 4,505 - 5,015/sq. ft.

Sector 39 Faridabad

Rs. 5,908 - 7,182/sq. ft.

Sector 42 Faridabad

Rs. 3,358 - 4,250/sq. ft.

Sector 43 Faridabad

Rs. 5,270 - 5,695/sq. ft.

Sector 45 Faridabad

Rs. 2,762 - 3,910/sq. ft.

Sector 46 Faridabad

Rs. 4,208 - 4,760/sq. ft.

Sector 48 Faridabad

Rs. 3,272 - 3,740/sq. ft.

Sector 70 Faridabad

Rs. 2,678 - 3,060/sq. ft.

Sector 75 Faridabad

Rs. 2,592 - 3,145/sq. ft.

Sector 76 Faridabad

Rs. 2,592 - 2,932/sq. ft.

Sector 77 Faridabad

Rs. 2,635 - 2,932/sq. ft.

Sector 78 Faridabad

Rs. 2,720 - 3,442/sq. ft.

Sector 80 Faridabad

Rs. 3,442 - 3,698/sq. ft.

Sector 81 Faridabad

Rs. 4,972 - 5,568/sq. ft.

Sector 82 Faridabad

Rs. 3,358 - 3,782/sq. ft.

Sector 84 Faridabad

Rs. 3,528 - 3,782/sq. ft.

Sector 85 Faridabad

Rs. 2,762 - 3,740/sq. ft.

Sector 86 Faridabad

Rs. 2,762 - 3,315/sq. ft.

Sector 87 Faridabad

Rs. 3,272 - 3,825/sq. ft.

Sector 88 Faridabad

Rs. 3,400 - 3,655/sq. ft.

Sector 89 Faridabad

Rs. 2,762 - 2,975/sq. ft.

Surajkund

Rs. 6,545 - 7,055/sq. ft.

What are the eligibility criteria to get a home loan in Faridabad?

Since house loans are issued for significant amounts and have lengthy repayment durations, banks have tight eligibility criteria for sanctioning them. The following are the basic prerequisites:

  • To apply, you must be either a salaried employee or a self-employed professional. Individuals who are salaried, self-employed professionals or non-professionals, business owners, and farmers are all included.
  • You must be at least 18 years old and earn a monthly salary, as well as be able to show that you have a steady source of income.
  • A minimum of two years of work experience is necessary for salaried employees, as is a minimum of two years of business continuity for self-employed individuals.
  • The minimum age to apply is 21 years old, and the maximum age is 60 years old (at the time of loan completion)
  • A credit score of 700 or higher is preferred.
  • Your net monthly income should be at least Rs.15,000 per month.
  • You must have worked in your current position for a minimum of two years.


Also Read: Bank VS HFC; which is better for a home loan?

Credit Score and Home Loans in Faridabad

In Faridabad too, like any other city, a minimum credit score is necessary to obtain a home loan. A credit score of 700 and above is considered favourable.

When lenders are processing your house loan application, they look at your credit score. A credit score is a three-digit figure that ranges from 300 to 900 and reflects your creditworthiness to a lender.

Lenders want a credit score of 700 or higher when processing a house loan. If your credit score is below 700, you will still be approved for a loan, but with unfavourable loan terms such as high interest rates and processing fees. You can get a very favourable interest rate and other benefits if your credit score is better than 700.

Additional Read: Steps to fix your credit score before buying a house

FAQs – Home Loans in Faridabad

1. What is considered a good credit score to get a home loan in Faridabad?

A credit score of 750 and above is considered good if you want a low interest rate and better repayment terms.

2. Which bank is best for home loans?

The ideal bank for you is determined by a number of criteria. SBI appears to be a great option right now, considering the low-interest rate and affordable processing and other expenses associated with your house loan application. The interest rate, loan amount, repayment alternatives, and other benefits you receive with your home loan should all be considered while evaluating a bank.

3. What are the different repayment tenures available for home loans in Faridabad?

Home loans in Faridabad come with a maximum repayment tenure of 30 years. However, this will be based on your age and determined by your lender on a case to case basis.

4. How do I find the monthly EMI for my home loan?

You can use the CreditMantri Home Loan EMI calculator to find the approximate EMI you have to shell out on your home loan.

5. How do my other loans and liabilities affect my home loan eligibility?

When determining your home loan eligibility, your existing loans and liabilities are carefully examined. If you already have a personal loan, the bank will use your income to debt ratio to determine your repayment capabilities. As a result, if your personal loan EMI consumes a significant portion of your monthly income, you may have problems obtaining the home loan amount you desire.

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