Home Loan in Gurgaon
Apply and Get Home Loan in Gurgaon
Gurgaon officially named Gurugram is a planned city and administrative headquarters of Gurugram District, located in the northern state of Haryana.
Gurgaon is a major IT hub and financial centre and is home to many multinational corporations. It is also a major industrial city, with a focus on manufacturing and automobiles. The city has a population of over 1.1 million people and is known for its fast pace of life and high cost of living.
As the demand for housing increases, so does the price of housing. FinMarket offers home loans in Gurgaon to buy a home or land or remodel an existing home.
The minimum home loan interest rate on a home loan in Gurgaon starts at8.40%* p.a. for salaried & 8.80%* for self-employed applicants.
Obtain home loans starting at an interest rate of 8.40% per annum, and the repayment period, which can extend up to 30 years depending on the loan amount, can go up to 90% of the property's value. Some banks and housing finance companies offer special home loan schemes for affordable housing. Additionally, many lenders allow you to transfer your existing home loan from other banks or finance companies at lower interest rates.
Features and Benefits of Home Loan in Gurgaon
- Salaried applicants can take advantage of appealing interest rates beginning at 8.40%* per annum, while self-employed individuals can secure loans at rates starting from 8.80%* per annum.
- In Gurgaon, housing loans are extended for a maximum tenure of 30 years, featuring affordable EMIs that are applicable until the borrower reaches the age of 70.
- Loan-to-value (LTV) ratio of up to 90%* based on the property's appraised value.
- Minimal processing fee of just 1.0%*.
- We provide top-up loans and facilitate balance transfers for existing home loan customers, offering them the opportunity to fulfil their Home financial needs at reduced interest rates.
- Existing home loan borrowers have the option to benefit from our Home Loan overdraft facility.
Note: *The annual interest rate and processing fee may vary based on the customer's risk profile and the selected loan tenure.
Home Loan in Gurgaon EMI Calculator
Home Loan Calculator simplifies the process of calculating your Home Loan EMI, providing you with a user-friendly tool to make informed decisions when considering the purchase of a new home. By utilizing an EMI calculator, you can effortlessly assess and plan your home loan repayments, ensuring a clear understanding of the financial commitment associated with buying a new house.
Home Loan Eligibility in Gurgaon
| Criteria | Salaried | Self-Employed |
|---|---|---|
| Age (Primary applicant) | 23 years to 55 years | 23 years to 65 years |
| Citizenship | Must be a citizen of India | Must be a citizen of India |
| Net Monthly Income | ₹25,000 | ₹50,000 |
| Maximum Loan Amount | 100 Crores | 100 Crores |
| Work experience/Business vintage | Minimum 3 years | 5 years |
| CIBIL Score | 750 and above for better chances of availing of home loans at lower interest rates | 750 and above for better chances of availing of home loans at lower interest rates |
Note: The eligibility criteria for Home Loan and factors will vary from one bank to another.
Compare Home Loan Interest Rates Offered by Various Banks & NBFCs in Gurgaon
| Banks/NBFC Names* | Interest Rate Range | Processing Fees | Loan Amount | Tenure | Enquire Now |
|---|---|---|---|---|---|
| HDFC Home Loan | 8.75% to 10% | 1 to 3% | Up to 100 Crore | 10 to 30 Years | Apply Now |
| AXIS Home Loan | 8.75% to 10% | 1 to 3% | Up to 100 Crore | 10 to 30 Years | Apply Now |
| ICICI Home Loan | 8.75% to 10% | 1 to 3% | Up to 100 Crore | 1 to 30 Years | Apply Now |
| Kotak Home Loan | 8.75% to 10% | 1 to 3% | Up to 100 Crore | 10 to 30 Years | Apply Now |
| Standard Chartered Home Loan | 8.95% to 10% | 1 to 3% | Up to 35 Crore | 10 to 30 Years | Apply Now |
| Bajaj Finserv Home Loan | 8.95% to 13% | 1 to 3% | Up to 20 Crore | 10 to 30 Years | Apply Now |
| SBI Home Loan | 8.75% to 10% | 1 to 3% | Up to 100 Crore | 10 to 30 Years | Apply Now |
| IDFC Home Loan | 8.75% to 10% | 1 to 3% | Up to 1 Crore | 10 to 30 Years | Apply Now |
| Tata Capital Home Loan | 8.75% to 10% | 1 to 3% | Up to 10 Crore | 10 to 30 Years | Apply Now |
| YES Home Loan | 10.25% to 15% | 1 to 3% | Up to 10 Crore | 1 to 5 Years | Apply Now |
| BOB Home Loan | 8.9% to 15% | 1 to 3% | Up to 100 Crore | 1 to 5 Years | Apply Now |
| PNB Home Loan | 8.75% to 10.75% | 1 to 3% | Up to 100 Crore | 1 to 5 Years | Apply Now |
| IndusInd Home Loan | 8.6% to 10.75% | 1 to 3% | Up to 1 Crore | 1 to 5 Years | Apply Now |
| Aditya Birla Home Loan | 9% to 14% | 1 to 3% | Up to 10 Crore | 1 to 5 Years | Apply Now |
| Poonawalla Home Loan | 8.5% to 22% | 1 to 3% | Up to 1 Crore | 1 to 5 Years | Apply Now |
| DCB Home Loan | 9.75% to 15% | 1 to 3% | Up to 5 Crore | 1 to 5 Years | Apply Now |
| Piramal Home Loan | 11% to 15% | 1 to 3% | Up to 10 Crore | 1 to 5 Years | Apply Now |
| Aadhar Finance Home Loan | 11% to 15% | 1 to 3% | Up to 1 Crore | 1 to 5 Years | Apply Now |
| L&T Home Loan | 11% to 15% | 1 to 3% | Up to 7.5 Crore | 1 to 5 Years | Apply Now |
What are the Documents Required for Home Loan in Gurgaon?
The following documents are required when applying for a Home Loan.
| Document | Salaried | Self-Employed |
|---|---|---|
| KYC Documents | PAN/Aadhaar/Passport/Driving License | PAN/Aadhaar/Passport/Driving License |
| Address Proof | Passport/Utility bills | Passport/Utility bills |
| Income Proof | 3 Months payslips (Latest) | Past two years audited financial statement |
| Bank Account Statement | Last 6 months Bank statement of salary account | Current account statements of the business and savings accounts for the last 6 years |
| Employment Proof | EMP ID Card/Official Email Id | NA |
| Income Proof | To apply for the loan, you will need to provide income proof, which includes the following documents:
| Documentation verifying business income and tax returns:
|
| Required document | Original land ownership document | Original land ownership document |
| EC Copy | Encumbrance Certificate for the home | Encumbrance Certificate for the home |
| Plan of the Entire Site | Layouts of the home, approved by the Town Planning Authority. | Layouts of the home, approved by the Town Planning Authority. |
| Property Tax Document | Tax Receipts | Tax Receipts |
| Link Documents | Link Documents | |
| Revenue Receipts | Revenue Receipts |
Note: Bankers may request additional documents depending on the requirements during the loan process.
Interest Rates for Home Loan in Gurgaon 2025
The interest rate on a home loan stands as an important factor in the decision-making process when choosing a loan. Therefore, it is advisable to thoroughly assess interest rates from various lenders before finalising a loan offer.
| Gurgaon Home Loan Details | |
|---|---|
| Interest Rate | 8.40% p.a onwards |
| Processing | Up to 3.00% of the loan amount |
| Loan tenure | Can be up to 30 Years and above |
Note: The above mentioned interest rates are subject to change from time to time.
Other Ways to Apply for a Home Loan in Warangal
Customer care: 9059365625
Email – info@finmarket.in
Registered Branch – NSL SEZ ARENA, Tower 1, 3rd Floor Wing B, Block 1, Home No. 6, Survey No. 1, IDA Uppal, Hyderabad Telangana - 500039
* Note: Wherever the details regarding interest rates, processing fees and tenure are mentioned, they may differ as per the lenders' discretion. The actual eligibility will be determined based on the borrowers' risk profile during the loan application process.
Home Loan Gurgaon FAQs
Will I have to visit a bank to get a Home Loan?
No, you do not have to visit the bank to apply for a Home loan. You can simply visit our website www.finmaket.in and apply online. Once you fill out the form you will receive a call from our loan specialists to get further information about your requirements and check your eligibility criteria. If all the requirements are fulfilled we will provide you with the loan.
Can I repay the loan early?
Yes, you may repay the loan anytime. Some banks charge prepayment penalties that are outlined in the loan agreements. We help you sort all of this out while choosing a loan.
How to calculate EMI for a Home Loan?
Home loan EMI calculators are now a common online feature on most lenders' websites. However, to manually derive the EMI, you need to apply the principal amount, tenure, and rate of interest in the traditional mathematical formula used for calculating EMI, which is as follows.
EMI = [P x R x (1+R) ^N] / [(1+R) ^N-1]
Here, P stands for the Principal Amount, R for the Rate of Interest per month (which is, Interest rate per annum/ (12x100), and N refers to the number of monthly installments.
Can I decide the tenure for my loan?
Yes, you can decide the tenure of your loan based on your requirements. However, before deciding the tenure, you should carefully consider factors such as your age and income because they significantly influence your capacity to repay the loan.
I already have a loan. Will I still get a home loan?
This would depend on whether your income can take the weight of another EMI. Typically, if you have a smaller loan for which the monthly payment is not very high, and in addition to it you can afford the EMI of a home loan, lenders may still approve your loan. However, if your liabilities are high, and if your income cannot support another loan, chances are that your application will be rejected.
I am an NRI. Can I get a Home Loan in India?
Yes, NRIs are eligible for a home loan in India. Several leading lenders offer tailor-made home loan schemes for NRIs with exclusive interest rates and certain special terms and conditions.
What are the eligibility criteria for NRI home loans?
An NRI applicant should have a valid Indian passport and should be a person of Indian origin. Besides this, they should be employed, with a minimum job experience of 2 years.
I have a question which is not listed here; what do I need to do?
Our loan specialists are here to help you, please feel free to contact our customer representative at 9059365625. If you have a more pressing matter to discuss, please visit our branches.