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What are rbi guidelines to avail the home loan in delhi ncr?

There are no RBI rules as such for home loan application in Delhi NCR region, but, there are some basic eligibility criteria that is generally followed by all financial institutions. Those are:

  • You are an Indian resident.

  • You are between 25-58 years of age.

  • You are a salaried individual with a work experience of 3 years or more.

  • The minimum loan amount is Rs.30 lakh and maximum Rs.10 crores.

  • You have to earn as per the city standard you are residing.

  • Your property value should match the minimum criteria.

  • You also need to submit a list of documents such as Application form, Photograph, Identity proof like Voter's ID card / Driving license / Job card issued by NREGA / Aadhaar card / PAN card (PAN card only as identity proof), Address proof like Passport / Voter's ID card / Driving license / Aadhar card, Income details like Form 16 /Latest salary slips, Bank account statements for last 6 months.

Reference Read:

RBI Guidelines for Home Loan that You must know



 2 Replies

karan

karan   09 October 2017

Have a look at the official notification by RBI. Not much Have been changed since this notification I beleie so this will be useful.

 

Link:https://rbi.org.in/scriptts/BS_ViewMasCirculardetails.aspx?id=9851

karan

karan   09 October 2017

Only one change is there,

The loan-to-value (LTV) ratio for loans between Rs 30 lakh and Rs 75 lakh is increased to 80% from the existing 75% and the risk weights in this category have been reduced to 35% from the existing 50%. For loans above Rs 75 lakh, the risk weights have been reduced to 50% from the existing 75%. Standard asset provision for all individual home loans is kept at 0.25%


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