Introduction
Are you planning to buy a property (or unit) of ₹1 crore in Delhi NCR? It could be anything, from a plush apartment in Noida, a builder's floor in south Delhi, or a stylish condo in Gurgaon. In all likelihood, you will be considering using a home loan to purchase your property. But how much loan can you get?
This blog will explain all the factors that determine your home loan eligibility on a property of ₹1 crore, the loan-to-value (LTV) ratio, and how to plan with the smart tools by Property Aaj.
What is LTV (Loan-to-Value) Ratio?
LTV ratio is the maximum % of the value of the property that the banks or FI's would lend. The remainder must be paid by the buyer (down payment).
RBI Guidelines on LTV for Home Loans:
For ₹1 crore worth of property you can usually get a home loan of ₹75 lakh, so to buy the property you will need to pay ₹25 lakh (or more) from your pocket.
Banks Offering Higher LTV Illiquidity for ₹1 Cr Property
Here’s what popular banks and NBFCs with 'High LTV' may provide:
EMI Calculation on ₹75 Lakh Loan
If you take ₹75 lakh loan for 20 years at 8.5% interest:
EMI is approximately ₹65,150 per month
Total interest payable = approximately ₹81 lakhs
Total repayment = approximately ₹1.56 crores
For precise estimates based on tenure and interest rate, please use the EMI Calculator on Property Aaj.
Key Factors Affecting your Loan Eligibility
1. Monthly Income
Lenders generally prefer that your total EMI does not exceed 40%–50% of your net salary.
In this instance, if you wanted to take out a ₹75L loan, your net monthly income would have to be in the ₹1.3L–₹1.6L range.
2. Credit Score
A CIBIL score of 750+ is ideal.
The lower your score, your eligible loan may also lower or your rate of interest may increase.
3. Existing Loans/Debts
Anything that currently has an active EMI (car, personal loans, credit card debt) will affect your home loan eligibility.
4. Age of Applicant
Younger applicants (e.g. between 25-35) will get a longer tenure. If you are over the age of 50, your tenure is shorter which may affect eligibility.
Where Can You Find Properties Worth ₹1 Crore in NCR?
Here is a list of areas with active listings close to ₹1 crore:
Delhi
Rohini, Dwarka, Vasant Kunj, and Paschim Vihar
Noida
Sector 104, Sector 76, Sector 137, and Greater Noida West
Gurgaon
Sohna Road, Sector 70A, Golf Course Extension Road
Ghaziabad
Indirapuram, Vaishali, and Kaushambi
Faridabad
Sector 86, Sector 89, Greenfields, and BPTP Township
Use Property Aaj to see verified listings and filter by budget, EMI, and location as well as real-time price trends.
Is it possible to increase the loan amount?
Yes, you could consider pursuing the following ways of doing that:
1. Add a co-applicant (spouse or parent).
2. Show more income (rental income or freelance income).
3. Go for a longer tenure (say up to 30 years).
4. Go to lenders who have step-up EMIs.
Down Payment on a property worth ₹1 Cr
Minimum down payment needed = ₹25 lakh
But certain lenders will limit or cap the LTV at 70%, meaning your down payment would need to be ₹30 lakh.
Tip: Plan to start a SIP or fixed deposit plan at least 2 years before you're going to make that big ticket purchase!
How Property Aaj can help
Property Aaj helps you -
• Find properties by EMI and budget.
• Use the EMI Calculator and Affordability checker.
• Stay updated on home loan offers.
• Connect with lenders and finance plans / advisors.
Discover properties in high growth locations like Yamuna Expressway, Dwarka Expressway, and from the Delhi - Dehradun Expressway zone.
Conclusion
Purchasing a ₹1 crore property in Delhi NCR is a huge financial decision. Depending on your eligibility, most banks will provide you with ₹70–75 lakh in home loan. With the proper income, credit score, and financial planning, this is definitely possible.
Whether you're interested in a high-rise building in Noida, a villa in Faridabad, or a builder's floor in West Delhi, start with checking your eligibility and making a plan for down payment either by using budgeting tools and calculators from Property Aaj.
FAQs
1. What is the minimum salary that I need to get for a ₹75L loan in Delhi NCR?
You need a minimum net monthly salary of ₹1.3–1.6 lakh.
2. Do NRIs get a home loan for a ₹1 crore property in NCR?
Yes, most banks in India offer NRI home loan loans at 75% LTV.
3. Is a fixed or floating interest rate better?
Fixed rates give you stability while floating rates are riskier but cheaper.
4. Can I combine my spouse’s income to get a higher eligibility for a home loan?
Yes, co-applying makes your eligibility much higher.
5. Is home loan insurance compulsory?
It's not compulsory, but we recommend you get it for financial safety.