Home Loan in Faridabad: Rates, Eligibility & How to Apply
Compare home loan interest rates, stamp duty, and eligibility from HDFC, SBI, LIC Housing, and Axis Bank in Faridabad. Find your maximum mortgage eligibility.
📅 Updated: 2026-06-25✍️ Arera AI Financial Research Team⏱ 3 min read
Home loans in Faridabad cover 80–90% of the property value (LTV ratio), with lenders offering competitive rates for both under-construction and ready-to-move properties.
Eligibility requirements for home loans in Faridabad:
Income: A combined family income of ₹50,000+ per month significantly increases eligibility.
Property: Must be approved by the lender. Banks inspect builder credentials and RERA registration.
CIBIL Score: 750+ for the best rates (8.4–9%); 700+ for standard approvals.
LTV Ratio: Banks fund up to 80% for loans above ₹30 lakhs; up to 90% for smaller loans.
Tenure: Up to 30 years, subject to retirement age.
FOIR: Home loan EMIs allowed up to 55–60% of monthly income.
Stamp duty and registration in Faridabad:
Stamp duty varies by property type and buyer gender. Female buyers often get 1–2% rebate.
Stamp duty and registration charges are not part of the loan — you must fund these separately.
Top mortgage lenders in Faridabad:
HDFC Bank: Largest home loan provider in India, with pre-approved builder projects.
SBI: Best rates for salaried government employees; PMAY benefits available.
LIC Housing Finance: Long tenures and stable processing, especially for senior applicants.
Axis Bank: Zero prepayment charges and competitive floating rates.
Lender
Interest Rate
Max Tenure
Processing Fee
HDFC Bank
8.40% – 9.65%
30 years
0.5% – 1.5%
SBI
8.50% – 9.85%
30 years
0.35% – 0.5%
LIC Housing Finance
8.65% – 10.00%
30 years
0% – 0.5%
Axis Bank
8.75% – 9.90%
25 years
1.0% – 1.5%
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What interest rates apply for home loans in Faridabad?
Floating rates range from 8.40% to 9.50% depending on loan size and CIBIL score. Fixed rates are 0.5–1% higher. PMAY beneficiaries get additional 6.5% subsidy on eligible amounts.
Can self-employed individuals get a home loan in Faridabad?
Yes. Self-employed borrowers need 2–3 years of audited accounts, IT returns, and 12-month business bank statements. Approval rates are slightly lower but increasing with NBFC penetration.
What documents are required for a home loan in Faridabad?
Identity proof (Aadhaar/PAN), income proof (salary slips or ITR), 6-month bank statements, property documents (sale agreement, approved plan), and CIBIL report.
How much home loan can I get in Faridabad?
Based on your income and the property value, banks fund 80–90% of the property price. As a rule of thumb, your home loan eligibility is approximately 60× your monthly net salary.