Overview of Home Loan in Gurugram
Home loans in Gurugram provide affordable financing options for purchasing, constructing, or renovating homes. In 2025, banks and NBFCs in Gurugram offer competitive interest rates, flexible tenures, and minimal documentation. Loanpao helps you compare lenders, check eligibility, and apply seamlessly for a home loan in Gurugram.
Eligibility Criteria for Home Loan in Gurugram
| Criteria | Details |
|---|---|
| Age | 21 to 65 years |
| Residency | Must be a resident of Gurugram with valid address proof |
| Income | Minimum ₹25,000 per month (salaried/self-employed) |
| Credit Score | 650 or above preferred |
| Employment | Minimum 2 years of stable employment/business |
Documents Required for Home Loan in Gurugram
- Identity Proof: Aadhaar Card, PAN Card, Voter ID, or Passport.
- Address Proof: Utility bill, Aadhaar, or Rental Agreement (Gurugram address).
- Income Proof: Salary slips (3 months), ITR (2 years), or business financials.
- Property Documents: Sale agreement, title deed, or NOC.
- Photographs: 2 passport-sized photographs of the applicant.
Benefits of Home Loan in Gurugram
- Interest rates starting at 6.5% per annum in 2025.
- Loan amounts up to ₹5 crore, based on property value and income.
- Flexible repayment tenures from 5 to 30 years.
- Tax benefits under Section 24 and 80C of the Income Tax Act.
- Quick disbursal within 3-5 days with Loanpao’s support in Gurugram.
Factors Affecting Home Loan in Gurugram
Income Stability
Higher and stable income increases loan eligibility.
Credit Score
A score above 650 ensures better rates and approval chances.
Loan-to-Value (LTV) Ratio
Up to 90% of property value as per RBI guidelines.
Property Type
Approved residential properties in Gurugram fetch higher loan amounts.
How to Apply for a Home Loan in Gurugram
Follow these steps to apply for a home loan in Gurugram through Loanpao:
- Visit loanpao.in and select "Home Loan in Gurugram."
- Complete the online application form with personal and income details.
- Upload required documents (Aadhaar, income proof, property papers).
- Schedule a property valuation at a Gurugram branch or doorstep service.
- Get approval and disbursal within 3-5 days.
Loan Eligibility for Home Loan in Gurugram
Check your eligibility for a home loan in Gurugram with Loanpao’s eligibility tool:
- Enter personal details (age, income, employment).
- Provide property details (type, value).
- Include Gurugram address proof.
Loanpao will assess your eligibility instantly and guide you through the application process in Gurugram.
Check Eligibility NowTrack Your Home Loan Application in Gurugram
Loanpao offers a seamless tracker for your home loan application:
- Submit your application ID on the Loanpao Tracker page.
- Monitor real-time updates (e.g., document verification, approved, disbursed).
- Receive notifications for valuation or disbursal in Gurugram.
- Contact Loanpao support for assistance with delays in Gurugram.
Home Loan Comparison in Gurugram
Compare popular home loan options available in Gurugram:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| HDFC Bank Home Loan | 6.5% p.a. | Up to ₹5 crore | 5 to 30 years | 0.5% of loan amount |
| SBI Home Loan | 6.7% p.a. | Up to ₹3 crore | 5 to 30 years | ₹2,000 to ₹10,000 |
| ICICI Bank Home Loan | 6.8% p.a. | Up to ₹4 crore | 5 to 25 years | 0.75% of loan amount |
Frequently Asked Questions
Individuals aged 21 to 65 with stable income and Gurugram residency can apply.
Interest rates start at 6.5% per annum, varying by lender and credit profile.
Approval and disbursal typically take 3-5 days after document verification.
Yes, a credit score of 650 or above is preferred for better rates and approval.
The maximum tenure can extend up to 30 years, depending on the lender.
Yes, Loanpao offers an online application process with doorstep property valuation in Gurugram.
Residential properties like apartments, villas, and plots with clear titles are eligible.
The maximum loan amount can go up to ₹5 crore, based on property value and income.
Yes, property valuation is mandatory to determine the loan amount based on market value.
Yes, most lenders allow prepayment with no or minimal charges for floating-rate loans.