Overview of Mortgage Loan in Manesar
A mortgage loan in Manesar allows you to leverage your residential or commercial property to secure funds for business, personal, or other financial needs. In 2025, top lenders like HDFC, ICICI Bank, and Axis Bank offer mortgage loans in Manesar with interest rates starting at 9% per annum. Loanpao helps you compare offers, check eligibility, and apply seamlessly for a mortgage loan tailored to Manesar’s property market.
Eligibility Criteria for Mortgage Loan in Manesar
| Criteria | Details |
|---|---|
| Age | 21 to 65 years |
| Residency | Resident of India with valid address proof in Manesar |
| Income | Minimum ₹30,000 monthly income (salaried/self-employed) |
| Property Ownership | Clear title of residential/commercial property in Manesar |
| Credit Score | Minimum 650 preferred |
| Employment/Business | Minimum 2 years of stable employment or business operations |
Documents Required for Mortgage 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: Title deed, sale agreement, NOC, property tax receipts.
- Bank Statement: Last 6 months’ bank statements.
- Photographs: 2 passport-sized photographs.
Benefits of Mortgage Loan in Manesar
- Competitive interest rates starting at 9% per annum in 2025.
- Loan amounts up to 60% of property value in Manesar.
- Quick disbursal within 7-10 days from lenders like HDFC and ICICI Bank.
- Flexible repayment tenure of up to 15 years.
- Funds can be used for any purpose (business, education, medical, etc.).
Factors Affecting Mortgage Loan in Manesar
Interest Rate
Rates range from 9% to 12%, depending on credit score, income, and property valuation.
Loan Amount
Up to 60% of the property’s market value, based on valuation and creditworthiness in Manesar.
Credit Score
A score above 650 ensures better terms in Manesar.
Property Valuation
Higher property value and clear title increase loan eligibility.
How to Apply for a Mortgage Loan in Manesar
Follow these steps to apply for a mortgage loan in Manesar through Loanpao:
- Visit loanpao.in and select "Mortgage Loan in Manesar."
- Fill out the online application form with your details (name, Manesar address, income).
- Upload required documents (Aadhaar, PAN, ITR, property documents).
- Compare offers from top Manesar lenders like HDFC, ICICI Bank, and Axis Bank.
- Get approval and funds disbursed within 7-10 days in Manesar.
Loan Eligibility for Mortgage Loan in Manesar
Check your eligibility for a mortgage loan in Manesar with Loanpao’s eligibility tool:
- Enter your monthly income (minimum ₹30,000).
- Provide your credit score (preferably above 650).
- Specify your property details (type, value, clear title).
- Include your Manesar address for localized offers.
Loanpao will instantly assess your eligibility and suggest the best mortgage loan offers in Manesar.
Check Eligibility NowTrack Your Mortgage Loan Application in Manesar
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 Manesar.
- Contact Loanpao support for assistance with delays in Manesar.
Mortgage Loan Comparison in Manesar
Compare mortgage loan offers from top lenders in Manesar:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| HDFC | 9% p.a. | Up to 60% of property value | Up to 15 years | 0.5% of loan amount |
| ICICI Bank | 9.25% p.a. | Up to 55% of property value | Up to 12 years | 1% of loan amount |
| Axis Bank | 9.5% p.a. | Up to 50% of property value | Up to 10 years | ₹10,000 |
Frequently Asked Questions
The minimum monthly income required is ₹30,000 for a mortgage loan in Manesar.
Interest rates for mortgage loans in Manesar start at 9% per annum, depending on the lender.
Mortgage loans in Manesar can be disbursed within 7-10 days after application submission.
Yes, but a credit score above 650 is preferred. Some lenders in Manesar may approve with a lower score at higher rates.
The maximum tenure for a mortgage loan in Manesar is up to 15 years.
Yes, most lenders in Manesar allow prepayment with minimal 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 Manesar for mortgage loans include HDFC, ICICI Bank, and Axis Bank, offering competitive rates and quick disbursal.
Yes, Loanpao offers a fully online application process for mortgage loans in Manesar.
The maximum loan amount for a mortgage loan in Manesar can go up to 60% of the property value, depending on the lender and valuation.