Overview of Home Loan in Sohna
Sohna, a rapidly developing town in Haryana near Gurugram, is a prime location for homebuyers due to its connectivity and real estate growth. Home loans in Sohna for 2025 offer financing for purchasing, constructing, or renovating homes, with competitive rates starting at 8.45% p.a. Lenders like HDFC Bank, ICICI Bank, and SBI provide loans up to ₹10 crore with tenures up to 30 years. Loanpao simplifies the process for Sohna residents by offering online comparisons, eligibility checks, and PMAY benefits for eligible applicants.
Eligibility Criteria for Home Loan in Sohna
| Criteria | Details |
|---|---|
| Age | 21 to 65 years |
| Income | Minimum ₹25,000/month (salaried); stable business income (self-employed) |
| Employment | Salaried (2 years experience) or self-employed (3 years business continuity) |
| Credit Score | Minimum 700; higher scores improve terms |
| Residence | Valid Sohna address proof |
Documents Required for Home Loan in Sohna
- Identity Proof: Aadhaar, PAN Card, Driving License, Passport, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or rental agreement (Sohna address).
- Income Proof: Salary slips (last 3 months), bank statements (last 6 months), ITR (last 2 years).
- Property Documents: Sale agreement, title deed, NOC, and approved plan.
- Photograph: Recent passport-size photograph.
Benefits of Home Loan in Sohna
- Loan amounts up to ₹10 crore for home purchase, construction, or renovation.
- Competitive interest rates starting at 8.45% p.a. in 2025.
- Flexible repayment tenures up to 30 years.
- PMAY subsidies for eligible Sohna residents (up to ₹2.67 lakh).
- Quick disbursal within 15–30 days post-document verification.
Factors Affecting Home Loan in Sohna
Interest Rate
Rates range from 8.45% to 11.5% p.a., based on credit score and lender policies.
Loan Amount
Up to ₹10 crore, depending on income, property value, and repayment capacity.
Credit Score
A score above 700 ensures better rates; lower scores may increase costs.
Property Type
Loans for residential properties in Sohna’s approved areas are prioritized.
How to Apply for a Home Loan in Sohna
Follow these steps to apply for a home loan in Sohna through Loanpao:
- Visit loanpao.in and select "Home Loan in Sohna."
- Fill out the online application form with details (name, Sohna address, income).
- Upload required documents (Aadhaar, salary slips, property papers).
- Compare offers from top Sohna lenders like HDFC Bank, ICICI Bank, and SBI.
- Get approval and funds disbursed within 15–30 days in Sohna.
Loan Eligibility for Home Loan in Sohna
Check your eligibility for a home loan in Sohna with Loanpao’s tool:
- Enter your monthly income (minimum ₹25,000).
- Provide your credit score (preferably above 700).
- Specify your employment type (salaried or self-employed).
- Include your Sohna address for localized offers.
Loanpao will assess your eligibility and suggest the best home loan offers in Sohna.
Check Eligibility NowTrack Your Home Loan Application in Sohna
Loanpao provides a seamless tracker for your home loan application:
- Submit your application ID on the Loanpao Tracker page.
- Get real-time updates on status (e.g., under review, approved, disbursed).
- Receive notifications for disbursal updates in Sohna.
- Contact Loanpao support for assistance with delays in Sohna.
Home Loan Comparison in Sohna
Compare home loan offers from top lenders in Sohna:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| HDFC Bank | 8.45% p.a. | Up to ₹10 crore | Up to 30 years | 0.5% of loan amount |
| ICICI Bank | 8.65% p.a. | Up to ₹5 crore | Up to 30 years | 0.5–1% of loan amount |
| SBI | 8.85% p.a. | Up to ₹7 crore | Up to 30 years | 0.35% of loan amount |
Frequently Asked Questions
A minimum monthly income of ₹25,000 is required for a home loan in Sohna.
Home loans in Sohna are disbursed within 15–30 days after document verification.
The maximum loan amount is up to ₹10 crore, depending on income and property value.
Yes, eligible Sohna residents can avail PMAY subsidies up to ₹2.67 lakh.
Missing an EMI may incur late fees and negatively impact your credit score.