Compare the lowest home loan interest rate starting at 8.00% per year. Gather the complete collection of current residential loan interest rates in India from all leading banks and financial organizations.
Noida has turned out to be a popular residential and commercial real estate destination near the national capital, New Delhi. With so many individuals and families wanting to stay in this very busy city, the need for home loans is really increasing. Home loans in Noida have offered hope to aspiring homeowners who wish to procure, build or refurbish their dream houses in convenience.
Home loans in Noida are designed for every financial need and every budget constraint whether you are a first-time buyer or if you’re just trying to make an upgrade to your accommodation.
Compare Home Loan Interest Rate Offered by Various Banks, HFCs & NBFCs in Noida
| Banks/NBFC | Interest rates | Maximum Tenure (in years) | Processing Fees* |
|---|---|---|---|
| HDFC Bank | 8.45 % onwards | 30 | 0.25% |
| IndusInd Bank | 8.40 % onwards | 30 | 0.25% |
| Kotak Bank | 8.40 % onwards | 30 | 0.25% |
| Axis Bank | 8.40 % onwards | 30 | 0.25% |
| HSBC Bank | 8.00 % onwards | 30 | 0.25% |
| Shinhan Bank | 8.10 % onwards | 30 | 0.25% |
| Standard Chartered Bank | 8.25 % onwards | 30 | 0.25% |
| ICICI Bank | 8.45 % onwards | 30 | 0.25% |
| IDFC Bank | 8.90 % onwards | 30 | 0.25% |
| State Bank of India | 8.40 % onwards | 30 | 0.25% |
| PNB Housing | 8.40 % onwards | 30 | 1% |
| LIC | 8.25 % onwards | 30 | 0.25% |
| Bajaj Finance | 8.40 % onwards | 30 | 1% |
| Aditya Birla Group | 8.40 % onwards | 30 | 1% |
| L & T Finance | 8.40 % onwards | 30 | 1% |
| Axis Finance | 8.40 % onwards | 30 | 1% |
Tax Benefits of home loan in Noida?
| Section of Income Tax Act | Nature of tax deduction | Max. deductible amt. |
| Section 24(b) | Interest paid | Rs. 2 lakhs |
| Section 80C | Principal (including stamp duty and registration fee) | Rs. 1.5 lakhs |
| Section 80EE | Additional interest (for first-time home buyers) | Rs. 50,000 |
| Section 80EEA | Additional interest (for affordable housing) | Rs. 1.5 lakhs |
Home Loan EMI Calculator
Eligibility Criteria for a Home Loan
In order to be eligible for a home loan in Noida, potential borrowers must meet the subsequent requirements:
- Age: Must be between 21 and 65 years at the time the loan matures to be eligible for the loan.
- Credit Score: 700-725 will be the minimum score.
- Income Stability: Most lenders demand that applicants have an annual income of Rs. 2 to 3 lakhs, although this sum may differ.
- Debt-to-Income Ratio: Reduction in liabilities will enhance eligibility.
- Employment Status: Employed or Self Employed individuals can borrow.
- Bank Statements: Provision of 6 last months’ statements is mandatory.
Documents Required for Home Loan in Noida
Potential buyers will need the following documents to apply for a home loan in Noida:
| Particulars | Requirements |
| For Identification Proof | Aadhaar Card, Passport, PAN Card |
| Address Proof | Utility Bills, Rentals |
| Eligibility | Salary slips, Form 16, IT returns |
| Banking History | Last 6 months |
| Property Documents | Sale Agreement, property title |
| Business Proof | Financial Documents, Tax Filings, etc. |
How to Apply for Home Loan in Noida through OneNDF
When seeking a mortgage loan at OneNDF, you won’t need to endure a mountain of documents or an excessively long procedure. Here’s the way to approach it:
Step 1: Go to the official OneNDF website and either register or sign in.
Step 2: Sign up for the funds with your mobile number and create a one-time password.
Step 3: Submit any necessary financial or identification paperwork.
Step 4: Fill out the mortgage application form.
Step 5: Through OneNDF, you will get in touch with numerous lenders that are ready to provide you with great rates on their mortgages.
