Overview of Mortgage Loan in Bawal, Rewari
Bawal, an emerging industrial and residential hub in Rewari, Haryana, offers excellent opportunities for property owners to leverage their assets through mortgage loans. Mortgage loans in Bawal, Rewari for 2025 provide financing against residential or commercial properties, with competitive rates starting at 9.00% p.a. Lenders like Bajaj Housing Finance, HDFC, and ICICI Bank offer loans up to ₹10 crore with tenures up to 20 years. Loanpao helps Bawal residents compare offers, check eligibility, and apply online for quick and hassle-free financing.
Eligibility Criteria for Mortgage Loan in Bawal, Rewari
| Criteria | Details |
|---|---|
| Age | 21 to 70 years |
| Income | Minimum ₹30,000/month (salaried); stable business income (self-employed) |
| Employment | Salaried (2 years experience) or self-employed (3 years business continuity) |
| Credit Score | Minimum 700; higher scores improve terms |
| Property | Clear title, marketable property in Bawal, Rewari |
Documents Required for Mortgage Loan in Bawal, Rewari
- Identity Proof: Aadhaar, PAN Card, Driving License, Passport, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or rental agreement (Bawal, Rewari address).
- Income Proof: Salary slips (last 3 months), bank statements (last 6 months), ITR (last 2 years).
- Property Documents: Title deed, property valuation report, NOC, and encumbrance certificate.
- Photograph: Recent passport-size photograph.
Benefits of Mortgage Loan in Bawal, Rewari
- Loan amounts up to ₹10 crore against residential or commercial properties.
- Competitive interest rates starting at 9.00% p.a. in 2025.
- Flexible repayment tenures up to 20 years.
- Quick disbursal within 10–20 days post-document verification.
- Funds for personal or business needs, such as expansion or debt consolidation.
Factors Affecting Mortgage Loan in Bawal, Rewari
Interest Rate
Rates range from 9.00% to 13% p.a., based on credit score, property value, and lender policies.
Loan Amount
Up to ₹10 crore, depending on property valuation and repayment capacity.
Credit Score
A score above 700 ensures better rates; lower scores may increase costs.
Property Type
Loans against residential or commercial properties in Bawal, Rewari’s approved areas are prioritized.
How to Apply for a Mortgage Loan in Bawal, Rewari
Follow these steps to apply for a mortgage loan in Bawal, Rewari through Loanpao:
- Visit loanpao.in and select "Mortgage Loan in Bawal, Rewari."
- Fill out the online application form with details (name, Bawal, Rewari address, income).
- Upload required documents (Aadhaar, income proof, property papers).
- Compare offers from top Bawal, Rewari lenders like Bajaj, HDFC, and ICICI.
- Get approval and funds disbursed within 10–20 days in Bawal, Rewari.
Loan Eligibility for Mortgage Loan in Bawal, Rewari
Check your eligibility for a mortgage loan in Bawal, Rewari with Loanpao’s tool:
- Enter your monthly income (minimum ₹30,000).
- Provide your credit score (preferably above 700).
- Specify your employment type (salaried or self-employed).
- Include details of your property in Bawal, Rewari for valuation.
Loanpao will assess your eligibility and suggest the best mortgage loan offers in Bawal, Rewari.
Check Eligibility NowTrack Your Mortgage Loan Application in Bawal, Rewari
Loanpao provides a seamless tracker for your mortgage loan application:
- Submit your application ID on the Loanpao Tracker page.
- Get real-time updates on status (e.g., under review, approved, disbursed).
- Receive notifications for disbursal updates in Bawal, Rewari.
- Contact Loanpao support for assistance with delays in Bawal, Rewari.
Mortgage Loan Comparison in Bawal, Rewari
Compare mortgage loan offers from top lenders in Bawal, Rewari:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| Bajaj Housing Finance | 9.00% p.a. | Up to ₹10 crore | Up to 20 years | 0.50% of loan amount |
| HDFC | 9.25% p.a. | Up to ₹8 crore | Up to 20 years | 0.50–1% of loan amount |
| ICICI Bank | 9.50% p.a. | Up to ₹7 crore | Up to 15 years | 0.75% of loan amount |
Frequently Asked Questions
A minimum monthly income of ₹30,000 is required for a mortgage loan in Bawal, Rewari.
Mortgage loans in Bawal, Rewari are disbursed within 10–20 days after document verification.
The maximum loan amount is up to ₹10 crore, depending on property valuation and repayment capacity.
Residential and commercial properties with clear titles in Bawal, Rewari are eligible.
Missing an EMI may incur late fees and negatively impact your credit score.