Owning a home in India’s capital city is an aspiration for many, and with the SMFG Grihashakti home loan in Delhi NCR, it can become a reality. With competitive interest rates, flexible repayment tenures, and a fast digital application process, SMFG Grihashakti brings trusted service and convenient housing finance to homebuyers across the city.
Whether you plan to purchase a new property, construct your own house, or transfer an existing loan, our Delhi home loan solutions are designed to offer speed, transparency, and long-term cost-effectiveness.
[Apply Now for a Delhi Housing Loan]
Benefits of Taking a Home Loan in Delhi
Delhi is one of India’s most active and resilient real estate markets, known for strong connectivity, demand stability, and long-term value growth. Opting for a housing loan in Delhi from SMFG Grihashakti enables you to enjoy financial flexibility along with tax-efficient homeownership in a premium urban location.
- Attractive Interest Rates: Access competitive home loan interest rates in Delhi, supported by transparent processing with no hidden charges.
- Tax Benefits: Eligible borrowers can claim deductions on both principal and interest under Sections 80C and 24(b) of the Income Tax Act.
- Flexible Repayment Tenures: Choose a repayment tenure of up to 30 years* to keep EMIs budget-friendly.
- High Loan Amounts: Apply for a high-value home loan in Delhi NCR based on eligibility, creditworthiness, and repayment capacity.
- Capital Appreciation: Delhi’s property market continues to demonstrate strong appreciation potential, making homeownership a financially rewarding decision over the long term.
Home Loan Eligibility in Delhi
To qualify for a home loan in Delhi, applicants must meet certain eligibility criteria related to income, age, repayment capacity, and property. The following table outlines the basic requirements:
| Criteria |
Requirement |
| Age |
21 to 65 years (no more than 65 at the time of loan maturity) |
| Employment Type |
Salaried or self-employed |
| Income |
Stable and verifiable income from a job or business |
| Credit Score |
700+ |
| Loan Tenure |
Up to 30 years* |
| Property Ownership |
The property or construction must be part of an RERA-registered project, developed by an approved builder, and compliant with all local laws |
| Co-Applicant |
A trusted co-applicant may be added to enhance eligibility |
*Please note that these are only the basic eligibility requirements for a Delhi home loan. The final approval will depend on multiple factors, including our policy at the time of the loan application.
Documents Required for Housing Loan in Delhi
When applying for a housing loan in Delhi, you’ll need to submit some paperwork to verify your identity, income, and property details.
The following are the documents required for a home loan:
| Document Type |
Particulars |
| PAN |
PAN card |
| Identity Proof |
Aadhaar card, passport, voter ID |
| Address Proof |
Aadhaar card, ration card, or latest electricity bill/piped gas bill |
| Income Proof (Salaried) |
Salary slips (past 3 months), Form 16 (past 2 years), bank statements (past 6 months) |
| Income Proof (Self-Employed) |
ITR (past 2 years), CA-audited financial statements, including the balance sheet and profit & loss account, bank statements (past 6 months) |
| Business Registration Proof (Self-Employed) |
Trade licence, GST registration, PAN |
| Property Documents |
Title deed, sale deed, and NOC from the developer/housing society |
*Please note that these are the basic documents required for a Delhi home loan. Additional documents may be requested based on your individual profile and our policy at the time of application.
Interest Rates & Charges for SMFG Grihashakti Home Loan in Delhi
SMFG Grihashakti offers a competitive home loan interest rate in Delhi to make housing finance more accessible for eligible borrowers.
The final home loan interest rate is determined after evaluating multiple factors such as your credit score, income stability, age, employment type, repayment track record, and the property being financed. Borrowers with a strong credit history and low existing liabilities are more likely to secure favourable home loan rates in Delhi.
| Particulars |
Details |
| Interest Rate |
Starting from 10%* per annum for salaried, 11%* per annum for self-employed applicants |
| RPLR Benchmark |
21.05% |
| Processing Fees |
Up to 3% of the loan amount |
| Documentation Fees |
Up to Rs 5,000/- (applicable only for disbursed cases) |
| Application/IMD Fees |
Up to Rs 10,000/- |
| Prepayment/Foreclosure Charges |
No foreclosure or prepayment charges are applicable on any floating rate term loan sanctioned for purposes other than business to individual borrowers, with or without co-obligant(s). Semi-fixed rate (combination of fixed and floating) loans will attract the norms applicable to the prevailing rate type at the time of pre-closure* |
| Loan Cancellation Charges after Disbursement |
Rs 5,000/- |
*Terms & Conditions apply
Types of Housing Loans in Delhi
SMFG Grihashakti offers a wide range of housing loans in Delhi to meet different homeownership requirements:
- Home Purchase Loan: Finance the purchase of a new home, a resale property, or an under-construction apartment in Delhi.
- Home Construction Loan: Build your own house on a residential plot that you own within the city or surrounding regions.
- Home Improvement Loan: Repair, renovate, or upgrade your current home to enhance comfort, aesthetics, and long-term value.
- Home Extension Loan: Increase your living space by adding new rooms, an extra floor, or structural extensions for a growing family.
- Home Loan Balance Transfer: Transfer your existing home loan to SMFG Grihashakti to enjoy competitive interest rates and, if eligible, apply for a top-up loan for additional financial needs.
Government-linked programmes, including the Pradhan Mantri Awas Yojana (PMAY), may also be accessible to eligible borrowers.
Home Loan Process in Delhi: Step by Step
Follow these steps to apply for a Delhi housing loan with SMFG Grihashakti:
- Start by reviewing the eligibility criteria to confirm you meet the requirements.
- Go through the list of documents needed and keep them ready for upload.
- Click on the “Apply Now” button provided on this page.
- Enter the required information and upload all the requested documents correctly.
- One of our representatives will get in touch to assist you with the remaining steps.
With a processing time of up to 72 hours* (subject to eligibility checks and successful verification of documents), obtaining home finance in Delhi becomes smooth and efficient.
Calculate Your EMI for Delhi Home Loan
Before applying, it is advisable to estimate your monthly instalments using the home loan EMI calculator. Your EMI depends on factors such as the loan amount, chosen tenure, and the applicable interest rate.
Below are sample EMI calculations for quick reference:
| Loan Amount (Rs) |
Interest Rate (p.a.) |
Tenure (Years) |
Approx. Monthly EMI (Rs) |
| 60,00,000 |
10% |
20 |
57,901 |
| 75,00,000 |
10% |
25 |
72,696 |
*These EMI calculations are for illustrative purposes only.
To support your financial planning further, you can also explore the following home loan calculators:
- Home Loan Eligibility Calculator: Estimate the maximum loan amount you may qualify for based on your income, existing obligations, and other key financial factors.
- Home Loan Prepayment Calculator: See how much you may save by making part-prepayments on your housing loan in Delhi.
Popular Localities in Delhi for Home Buyers
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| Locality |
Highlights & Connectivity |
Pricing Insights |
| Dwarka |
Planned sub-city with strong metro access, wide roads, and robust social infrastructure |
Considered a mid to high-range locality, suitable for families seeking spacious residential options |
| Rohini |
Well-developed amenities, schools, and transport links; strong community living |
Falls in the budget to mid-range segment, popular among first-time homebuyers |
| Vasant Kunj |
Premium neighbourhood with top schools, malls, and modern housing societies |
A premium micro-market known for upscale apartments and higher property values |
| Saket |
Centrally located with excellent connectivity, lifestyle convenience, and commercial hubs nearby |
Categorised as a mid to premium locality with strong rental and resale demand |
| Mayur Vihar |
Excellent connectivity to Noida and Central Delhi |
Positioned as a mid-range area, offering good value for families and professionals |
Why Choose SMFG Grihashakti Home Loan in Delhi?
Choosing SMFG Grihashakti for your home loan in Delhi NCR gives you access to a trusted housing finance partner known for reliability and strong customer satisfaction across India:
- Competitive interest rates and flexible repayment tenures
- Fully digital application journey for quick and seamless processing
- Transparent processing without any hidden fees or charges
- Dedicated customer support throughout the loan lifecycle
- Physical branch presence across Delhi for in-person assistance whenever needed
[Apply Online for Delhi Home Loan]
Apply for the SMFG Grihashakti Home Loan in Delhi
A home loan in Delhi from SMFG Grihashakti offers an ideal combination of financial flexibility and trust. Whether you’re a first-time buyer or planning to upgrade your current home, our housing loans in Delhi make the journey simple and transparent. Enjoy quick approval timelines, flexible repayment tenures, and dedicated support from our Delhi customer service team.
Apply for Home Loan online today to take the first step toward your dream home.