Comparison table for Home Loan Interest Rates offered by Top Banks/HFCs
Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
SBI | 8.75% - 9.50% | 8.75% - 9.40% | 8.75% - 9.40% |
HDFC | 8.65% - 10.35% | 8.65% - 10.60% | 8.65% - 10.70% |
LIC Housing Finance | 8.65% – 10.10% | 8.65% – 10.30% | 8.65% – 10.50% |
ICICI Bank | 8.75% - 9.85% | 8.75% - 9.85% | 8.75% - 9.85% |
Kotak Mahindra Bank | 8.65% onwards | 8.65% onwards | 8.65% onwards |
PNB Housing Finance | 8.75% - 13.00% | 8.75% - 13.00% | 8.85%-10.85% |
Punjab National Bank | 8.60% - 9.35% | 8.55% - 9.25% | 8.55% - 9.25% |
Bank of Baroda | 8.60%-10.35% | 8.60%-10.35% | 8.60%-10.60% |
Union Bank of India | 8.60% – 10.50% | 8.60% – 10.70% | 8.60% – 10.70% |
IDFC First Bank | 8.60% onwards | 8.60% onwards | 8.60% onwards |
L&T Housing Finance | 8.65%-8.75% | 8.65%-8.75% | 8.65%-8.75% |
Bajaj Housing Finance | 8.70% onwards | 8.70% onwards | 8.70% onwards |
Godrej Housing Finance | 8.39% - 10.99% | 8.39% - 10.99% | 8.39% - 10.99% |
Tata Capital | 8.95% onwards | 8.95% onwards | 8.95% onwards |
Federal Bank | 8.60%-9.95% | 8.60%-10.00% | 8.60%-10.05% |
Note: Rates as of 30th December 2022

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Features of Home Loans offered in Gurgaon
- The current home loan interest rates for lenders offering housing loans in Gurgaon start from 8% p.a.
- The maximum tenure for home loans offered by banks, HFCs and NBFCs usually goes up to 30 years.
- Home loan lenders provide loan to value (LTV) ratio of up to 90% of the property value for home loan applicants. The LTV ratio offered by home loan lenders also depend on the home loan amount as mentioned below:
Home Loan Amount | LTV Ratio |
Up to Rs 30 lakh | Up to 90% of the property’s cost |
Above Rs 30 lakh to Rs 75 lakh | Up to 80% of the property’s cost |
Above Rs 75 lakh | Up to 75% of the property’s cost |
- Existing home loan customers can make use of the home loan balance transfer facility to move their home loan to another lender at lower interest rates.
- Many home loan lenders provide top up facility on home loans for their existing customers. This facility helps existing home loan borrowers get additional finance, over and above their home loan, to fulfil their personal/professional needs.
- Many banks, HFCs and NBFCs also provide the overdraft facility on home loans for their existing borrowers.
- Home loan applicants can also opt for Pradhan Mantri Awas Yojna (PMAY) scheme, provided by the Indian government.
- Select existing customers can get pre-approved for home loans from their lenders based on factors like their income, credit scores, occupation profile, etc.
- RBI has directed home loan lenders not to levy any prepayment charges on home loans with floating interest rates. However, lenders are free to charge or waive off prepayment fees for home loans with fixed interest rates.

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Income Requirements of Home Loans in Gurgaon
- Lenders usually consider home loan applications of salaried applicants with monthly incomes of Rs 10,000 and above.
- Self-employed applicants with annual incomes of Rs 1 lakh and above are usually considered as eligible by banks,HFCs and NBFCs for availing home loans in Gurgaon.
Eligibility Criteria of Home Loans in Gurgaon
The eligibility criteria for home loans may differ from lender to lender. However, the main home loan eligibility conditions for lenders offering home loans in Gurgaon are as follows:
Job Profile
- Salaried employees working in government institutions, public sector units and private organisations.
- Self-employed professionals including lawyers, doctors, accountants, CS, architects, engineers, etc.
- Self-employed non-professionals including contractors, commission agents, traders, etc.
Age
Home loan lenders in Gurgaon usually approve loan applications of individuals who are at least 18 years old. However, banks/HFCs/NBFCs also usually mandate home loan borrowers to repay the loan amount by the time they are 70 years old.
Nationality
Lenders offering home loans in Gurgaon usually approve loan applications of Resident Indians with some lenders also offering home loans to PIOs, NRIs and OCIs.
Credit Score
Lenders consider home loan applicants with credit/CIBIL scores of 750 and above as financially sound. Therefore, such loan applicants have higher chances of availing home loans at lower interest rates.
Work Experience
- Home loan lenders operating in Gurgaon usually consider loan applications of salaried individuals with minimum 2 years of work experience.
- Self-employed loan applicants with at least 2 years of business continuity are more likely to avail home loans offered by home loan lenders in Gurgaon.

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Documents Required for Home Loans in Gurgaon
Lenders providing home loans in Gurgaon usually ask loan applicants to submit the following documents
For Salaried Applicants
- KYC documents including PAN card, Aadhaar card, voter ID, passport, driving license, etc.
- Income Proof including salary slips of last 3 months, last 6 month bank statements with salary credits, Form 16, ITR, etc.
- Appointment letter, letter of increment/promotion, employment contract, etc.
- Property related documents
- Bank statements showing repayment of ongoing loans (if any)
- Proof of own contribution
- Cheque for processing fee in favour of the home loan provider
Additional Documents for Self-Employed Applicants
- Income Proof: ITR of last 3 years with income calculation
- Balance sheet and profit & loss account statement of last 3 years duly attested by CA
- Last 6 months savings account statement of the individual and current account statement of business entity
- Latest Form 26AS
- Proof of address of business
- Business profile
Note: The list of home loan documents required mentioned above is indicative as lenders may ask for additional documents based on the individual home loan applicant’s profile.

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