Overview of Home Loan in Manesar
A home loan in Manesar helps you purchase, construct, or renovate your dream home. In 2025, top lenders like SBI, HDFC, and ICICI Bank offer home loans in Manesar with interest rates starting at 8.5% per annum. Loanpao helps you compare offers, check eligibility, and apply seamlessly for a home loan tailored to Manesar’s growing real estate market.
Eligibility Criteria for Home Loan in Manesar
| Criteria | Details |
|---|---|
| Age | 21 to 70 years |
| Residency | Resident of India with valid address proof in Manesar |
| Income | Minimum ₹25,000 monthly income (salaried/self-employed) |
| Employment | Minimum 2 years of stable employment/business |
| Credit Score | Minimum 700 preferred |
| Property Type | Residential property approved by local authorities in Manesar |
Documents Required for Home Loan in Manesar
- Identity Proof: Aadhaar Card, PAN Card, or Passport.
- Address Proof: Utility bill, Aadhaar, or Rental Agreement (Manesar address).
- Income Proof: Salary slips (last 3 months), ITR (last 2 years).
- Property Documents: Sale agreement, NOC, approved plan, title deed.
- Bank Statement: Last 6 months’ bank statements.
- Photographs: 2 passport-sized photographs.
Benefits of Home Loan in Manesar
- Competitive interest rates starting at 8.5% per annum in 2025.
- Loan amounts up to 90% of property value in Manesar.
- Quick disbursal within 7-10 days from lenders like SBI and HDFC.
- Flexible repayment tenure of up to 30 years.
- Tax benefits under Section 24 and 80C of the Income Tax Act.
Factors Affecting Home Loan in Manesar
Interest Rate
Rates range from 8.5% to 10%, depending on credit score, income, and lender policies.
Loan Amount
Up to 90% of the property value, based on income and creditworthiness in Manesar.
Credit Score
A score above 700 ensures better terms in Manesar.
Debt-to-Income Ratio
Lower DTI (below 40%) increases loan eligibility.
How to Apply for a Home Loan in Manesar
Follow these steps to apply for a home loan in Manesar through Loanpao:
- Visit loanpao.in and select "Home Loan in Manesar."
- Fill out the online application form with your details (name, Manesar address, income).
- Upload required documents (Aadhaar, PAN, ITR, property papers).
- Compare offers from top Manesar lenders like SBI, HDFC, and ICICI Bank.
- Get approval and funds disbursed within 7-10 days in Manesar.
Loan Eligibility for Home Loan in Manesar
Check your eligibility for a home loan in Manesar with Loanpao’s eligibility tool:
- Enter your monthly income (minimum ₹25,000).
- Provide your credit score (preferably above 700).
- Specify your employment stability (minimum 2 years).
- Include your Manesar address for localized offers.
Loanpao will instantly assess your eligibility and suggest the best home loan offers in Manesar.
Check Eligibility NowTrack Your Home Loan Application in Manesar
Loanpao provides a seamless tracker for your home 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 Manesar.
- Contact Loanpao support for assistance with delays in Manesar.
Home Loan Comparison in Manesar
Compare home loan offers from top lenders in Manesar:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SBI | 8.5% p.a. | Up to 90% of property value | Up to 30 years | 0.35% of loan amount |
| HDFC | 8.75% p.a. | Up to 85% of property value | Up to 25 years | 0.5% of loan amount |
| ICICI Bank | 9% p.a. | Up to 80% of property value | Up to 20 years | ₹5,000 |
Frequently Asked Questions
The minimum monthly income required is ₹25,000 for a home loan in Manesar.
Interest rates for home loans in Manesar start at 8.5% per annum, depending on the lender.
Home loans in Manesar can be disbursed within 7-10 days after application submission.
Yes, but a credit score above 700 is preferred. Some lenders in Manesar may approve with a lower score at higher rates.
The maximum tenure for a home loan in Manesar is up to 30 years.
Yes, most lenders in Manesar allow prepayment with minimal or no charges for floating-rate loans.
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 Manesar for home loans include SBI, HDFC, and ICICI Bank, offering competitive rates and quick disbursal.
Yes, Loanpao offers a fully online application process for home loans in Manesar.
The maximum loan amount for a home loan in Manesar can go up to 90% of the property value, depending on the lender and income.