Overview of Mortgage Loan in Sohna
Sohna, a burgeoning town near Gurugram in Haryana, offers significant opportunities for property owners to leverage their assets through mortgage loans. Mortgage loans in Sohna for 2025 provide funds against residential or commercial properties, with interest rates starting at 9% p.a. Lenders like LIC Housing Finance, HDFC Bank, and PNB Housing offer loans up to 60–70% of the property’s value, with tenures up to 15 years. Loanpao helps Sohna residents compare offers, check eligibility, and apply online for quick disbursal.
Eligibility Criteria for Mortgage Loan in Sohna
| Criteria | Details |
|---|---|
| Age | 21 to 70 years |
| Income | Minimum ₹30,000/month (salaried); stable business income (self-employed) |
| Employment | Salaried (2 years experience) or self-employed (3 years business continuity) |
| Credit Score | Minimum 650; higher scores improve terms |
| Property | Clear title, approved residential/commercial property in Sohna |
Documents Required for Mortgage 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: Title deed, sale agreement, property tax receipts, approved plan, NOC.
- Photograph: Recent passport-size photograph.
Benefits of Mortgage Loan in Sohna
- Loan amounts up to 60–70% of property value (₹10 lakh to ₹50 crore).
- Competitive interest rates starting at 9% p.a. in 2025.
- Flexible repayment tenures up to 15 years.
- Use funds for business expansion, education, or personal needs.
- Quick disbursal within 7–15 days post-property verification.
Factors Affecting Mortgage Loan in Sohna
Interest Rate
Rates range from 9% to 13% p.a., based on credit score, property type, and lender policies.
Loan Amount
Up to 60–70% of property value, depending on income and property valuation.
Credit Score
A score above 650 ensures better rates; lower scores may increase costs.
Property Valuation
Clear title and approved properties in Sohna’s prime areas yield higher loan amounts.
How to Apply for a Mortgage Loan in Sohna
Follow these steps to apply for a mortgage loan in Sohna through Loanpao:
- Visit loanpao.in and select "Mortgage Loan in Sohna."
- Fill out the online application form with details (name, Sohna address, income).
- Upload required documents (Aadhaar, income proof, property papers).
- Compare offers from top Sohna lenders like LIC Housing Finance, HDFC Bank, and PNB Housing.
- Get approval and funds disbursed within 7–15 days in Sohna.
Loan Eligibility for Mortgage Loan in Sohna
Check your eligibility for a mortgage loan in Sohna with Loanpao’s tool:
- Enter your monthly income (minimum ₹30,000).
- Provide your credit score (preferably above 650).
- Specify your employment type (salaried or self-employed).
- Include details of your Sohna property (type, valuation).
Loanpao will assess your eligibility and suggest the best mortgage loan offers in Sohna.
Check Eligibility NowTrack Your Mortgage Loan Application in Sohna
Loanpao provides a seamless tracker for your mortgage loan application:
- Submit your application ID on the Loanpao Tracker page.
- Get real-time updates on status (e.g., under review, property valuation, disbursed).
- Receive notifications for disbursal updates in Sohna.
- Contact Loanpao support for assistance with delays in Sohna.
Mortgage Loan Comparison in Sohna
Compare mortgage loan offers from top lenders in Sohna:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| LIC Housing Finance | 9.00% p.a. | Up to 70% of property value | Up to 15 years | 0.5–1% of loan amount |
| HDFC Bank | 9.25% p.a. | Up to 65% of property value | Up to 15 years | 0.5% of loan amount |
| PNB Housing | 9.50% p.a. | Up to 60% of property value | Up to 12 years | 0.75% of loan amount |
Frequently Asked Questions
A minimum monthly income of ₹30,000 is required for a mortgage loan in Sohna.
Mortgage loans in Sohna are disbursed within 7–15 days after property verification.
The maximum loan amount is up to 60–70% of the property’s value, depending on income and valuation.
Yes, both residential and commercial properties in Sohna with clear titles are eligible.
Missing an EMI may incur late fees, negatively impact your credit score, and risk property foreclosure.