Home Loan in Delhi NCR | Mortgage Loan
When applying for a home loan in Delhi, the "legal and technical verification" of the property is a crucial hurdle. Whether you are purchasing a DDA flat, a property in a private colony, or a builder floor in South Delhi, banks require a clear "chain of title" for at least the last 30 years. It is essential to ensure the property is in a "freehold" status or has a valid NOC from the relevant local authorities. Maintaining a CIBIL score of 750 or above not only speeds up this approval process but also gives you the leverage to negotiate zero processing fees or reduced documentation charges with top banks and NBFCs.