Overview of Mortgage Loan in Mahendragarh
Mortgage loans in Mahendragarh, also known as loans against property, allow residents to unlock funds by pledging residential or commercial property. In 2025, these loans start at 9.5% p.a., offering up to ₹50 lakh with tenures up to 15 years. Lenders like HDFC Bank, Bajaj Finance, and PNB Housing Finance provide mortgage loans in Mahendragarh, ideal for business expansion, education, or personal needs. With a population of ~921,680 and a 963.70 km² rural area, Mahendragarh’s property owners, including small entrepreneurs and farmers, can leverage Loanpao’s platform for quick applications, lender comparisons, and real-time tracking.
Eligibility Criteria for Mortgage Loan in Mahendragarh
| Criteria | Details |
|---|---|
| Applicant Type | Salaried individuals, self-employed, or business owners |
| Age | 21–65 years (at loan maturity) |
| Income | Minimum ₹20,000/month (salaried) or ₹2.5 lakh annual income (self-employed) |
| Residence | Resident of Mahendragarh or nearby areas |
| Credit Score | 700+ preferred for better rates |
| Property | Clear title, approved residential/commercial property in Mahendragarh |
Documents Required for Mortgage Loan in Mahendragarh
- Identity Proof: Aadhaar, PAN Card, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or rental agreement for Mahendragarh address.
- Income Proof: Salary slips (6 months) and Form 16 for salaried; ITR (2 years) for self-employed.
- Property Documents: Title deed, property tax receipt, approved plan, and encumbrance certificate.
- Bank Statement: Last 6 months with e-KYC verification.
- Photograph: Recent passport-size photo (digital upload).
Benefits of Mortgage Loan in Mahendragarh
- Competitive interest rates starting at 9.5% p.a. in 2025.
- Loan amounts up to ₹50 lakh against property value.
- Flexible repayment tenures up to 15 years.
- Funds usable for business, education, or personal expenses.
- Retain property ownership while accessing funds.
Factors Affecting Mortgage Loan in Mahendragarh
Interest Rate
Rates range from 9.5% to 12% p.a., based on credit score, property value, and loan-to-value (LTV) ratio.
Loan Amount
Up to ₹50 lakh, typically 50–60% of the property’s market value.
Credit Score
A score of 700+ secures better rates; scores below 600 may lead to higher rates or rejection.
Property Value
Higher-valued, approved properties in Mahendragarh (urban or rural) qualify for larger loans.
How to Apply for a Mortgage Loan in Mahendragarh
Follow these steps to apply for a mortgage loan in Mahendragarh through Loanpao:
- Visit loanpao.in and select "Mortgage Loan in Mahendragarh."
- Complete the online application with personal, income, and property details (name, Mahendragarh address, income source).
- Upload required documents (Aadhaar, PAN, income proof, property papers).
- Compare offers from lenders like HDFC Bank, Bajaj Finance, and PNB Housing Finance in Mahendragarh.
- Receive approval and funds within 5–7 days after property verification.
Loan Eligibility for Mortgage Loan in Mahendragarh
Check your eligibility for a mortgage loan in Mahendragarh with Loanpao’s tool:
- Enter personal details (age, Mahendragarh address).
- Provide income details (salary or business income).
- Submit credit score or allow e-KYC verification.
- Specify property details (type, location, market value).
Loanpao will evaluate your eligibility and recommend the best mortgage loan offers in Mahendragarh.
Check Eligibility NowTrack Your Mortgage Loan Application in Mahendragarh
Loanpao offers a seamless tracker for your mortgage loan application:
- Enter your application ID on the Loanpao Tracker page.
- Receive real-time updates on status (e.g., under review, property valuation, approved).
- Get notifications for fund disbursal in Mahendragarh.
- Contact Loanpao support for assistance with delays in Mahendragarh.
Mortgage Loan Comparison in Mahendragarh
Compare mortgage loan offers from top lenders in Mahendragarh:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| HDFC Bank | 9.5% p.a. | Up to ₹50 lakh | Up to 15 years | 0.5% of loan amount |
| Bajaj Finance | 10% p.a. | Up to ₹40 lakh | Up to 12 years | Up to 1% of loan amount |
| PNB Housing Finance | 9.75% p.a. | Up to ₹45 lakh | Up to 10 years | 0.75% of loan amount |
Frequently Asked Questions
Mortgage loans can be used for business expansion, education, medical expenses, or personal needs in Mahendragarh.
Mortgage loan approvals typically take 5–7 days in Mahendragarh, including property valuation.
Loan amounts can go up to ₹50 lakh, based on property value and credit profile.
Yes, approved rural properties in Mahendragarh’s 963.70 km² rural area can be used, subject to lender verification.
Yes, but a credit score below 600 may result in higher interest rates or lower loan amounts.
No, you retain ownership of the property while repaying the loan, provided EMIs are paid on time.