Overview of Mortgage Loan in Gurugram
A mortgage loan in Gurugram allows you to borrow funds by pledging your property as collateral, ideal for business expansion, home renovation, or debt consolidation. In 2025, top lenders like Bajaj Finance, HDFC, and Kotak Mahindra offer mortgage loans in Gurugram with interest rates starting at 8.75% per annum. Loanpao helps you compare offers, check eligibility, and apply seamlessly for a mortgage loan tailored to Gurugram’s market.
Eligibility Criteria for Mortgage Loan in Gurugram
| Criteria | Details |
|---|---|
| Age | 21 to 65 years |
| Residency | Must be a resident of Gurugram with valid address proof |
| Income | Minimum ₹3 lakh annual income (salaried/self-employed) |
| Employment | Minimum 2 years of employment (salaried) or business stability (self-employed) |
| Credit Score | Minimum 700 preferred |
| Property | Clear title of residential or commercial property in Gurugram |
Documents Required for Mortgage Loan in Gurugram
- Identity Proof: Aadhaar Card, PAN Card, or Passport.
- Address Proof: Utility bill, Aadhaar, or Rental Agreement (Gurugram address).
- Income Proof: Salary slips (last 6 months) for salaried; ITR (last 2 years) for self-employed.
- Bank Statement: Last 6 months’ bank statements.
- Property Documents: Title deed, sale agreement, property tax receipts, and NOC from society.
- Photographs: 2 passport-sized photographs.
Benefits of Mortimer Loan in Gurugram
- Competitive interest rates starting at 8.75% per annum in 2025.
- Loan amounts up to ₹40 lakh based on property value in Gurugram.
- Quick disbursal within 3-5 days from lenders like Bajaj Finance in Gurugram.
- Flexible repayment tenure of up to 15 years.
- Tax benefits on interest repayment under Section 24(b).
Factors Affecting Mortgage Loan in Gurugram
Interest Rate
Rates vary from 8.75% to 14%, depending on credit score, income, and property value.
Loan Amount
Lenders offer up to ₹40 lakh based on property valuation and creditworthiness in Gurugram.
Credit Score
A higher credit score (above 700) ensures better terms in Gurugram.
Property Value
Clear title and high property value ensure quicker approval for mortgage loans.
How to Apply for a Mortgage Loan in Gurugram
Follow these steps to apply for a mortgage loan in Gurugram through Loanpao:
- Visit loanpao.in and select "Mortgage Loan in Gurugram."
- Fill out the online application form with your details (name, Gurugram address, income).
- Upload required documents (Aadhaar, PAN, property documents).
- Compare offers from top Gurugram lenders like Bajaj Finance, HDFC, and Kotak Mahindra.
- Get approval and funds disbursed within 3-5 days in Gurugram.
Loan Eligibility for Mortgage Loan in Gurugram
Check your eligibility for a mortgage loan in Gurugram with Loanpao’s eligibility tool:
- Enter your annual income (minimum ₹3 lakh).
- Provide your credit score (preferably above 700).
- Specify your employment details (minimum 2 years).
- Include your Gurugram address and property details for localized offers.
Loanpao will instantly assess your eligibility and suggest the best mortgage loan offers in Gurugram.
Check Eligibility NowTrack Your Mortgage Loan Application in Gurugram
Loanpao provides a seamless tracker for your mortgage loan application:
- Submit your application ID on the Loanpao Tracker page.
- Get real-time updates on your application status (e.g., under review, approved, disbursed).
- Receive notifications for disbursal updates in Gurugram.
- Contact Loanpao support for assistance with delays in Gurugram.
Mortgage Loan Comparison in Gurugram
Compare mortgage loan offers from top lenders in Gurugram:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| Bajaj Finance | 8.75% p.a. | Up to ₹40 lakh | Up to 15 years | 1% of loan amount |
| HDFC | 9% p.a. | Up to ₹35 lakh | Up to 12 years | 1.5% of loan amount |
| Kotak Mahindra | 9.25% p.a. | Up to ₹30 lakh | Up to 10 years | ₹5,000 |
Frequently Asked Questions
The minimum annual income required is ₹3 lakh for a mortgage loan in Gurugram.
Interest rates for mortgage loans in Gurugram start at 8.75% per annum, depending on the lender.
Mortgage loans in Gurugram can be disbursed within 3-5 days after application submission.
Yes, but a credit score above 700 is preferred. Some lenders in Gurugram may approve with a lower score at higher rates.
The maximum tenure for a mortgage loan in Gurugram is up to 15 years.
Yes, most lenders in Gurugram allow prepayment with minimal or no charges after 6 months of EMIs.
Missing an EMI can lead to late fees, a negative impact on your credit score, and potential legal action by the lender.
Top lenders in Gurugram for mortgage loans include Bajaj Finance, HDFC, and Kotak Mahindra, offering competitive rates and quick disbursal.
Yes, Loanpao offers a fully online application process for mortgage loans in Gurugram.
The maximum loan amount for a mortgage loan in Gurugram can go up to ₹40 lakh, depending on the lender and property value.