Compare & Apply from the Best Home Loan Offers
Updated: 24-01-2022 09:56:24 AM
Home Loan in Gurgaon – Features & Benefits
- Home loan insurance – for protecting your loan in case of any unfortunate event and to help your family in repayment of the remaining loan amount.
- Home loan balance transfer – for transferring of current home loan from one lender to the other in search of better interest rates.
- Flexible interest rate – for selection of interest rate whether constant throughout the tenure or variable according to the market rate.
- Pre-approved home loan – for saving time lost on home insurance approval at the time of purchasing home that can even get sold out because of the delay in the documentation or approval process
- Quick and simple processing
- Low-interest rates and minimum documentation
- Tax benefits on home loan principal and interest amount under Section 24(b) and Section 80C of the Income Tax Act, 1961
- Savings of up to Rs. 2.67 lakh on home loan interest under PMAY
- Pre-approved home loan offers for eligible customers
- Zero prepayment charges on floating rate home loans
- Various pre-approved real estate projects to pick from
- Availability of balance transfer, overdraft, and top up facilities
Compare Home Loan Interest Rate Offered by Various Banks & HFCs in Bangalore
| Interest Rates (% p.a.) | |||
| Name of Lender | Up to 30 Lakh | Above 30 Lakh & upto 75 Lakh | Above 75 Lakh |
| State Bank of India | 6.70-7.65 | 6.70-7.75 | 6.70-7.85 |
| HDFC | 6.70-8.45 | 6.70-8.60 | 6.70-8.70 |
| Axis Bank | 6.75-11.50 | 6.75-11.50 | 6.75-11.50 |
| ICICI Bank | 6.70-7.55 | 6.70-7.55 | 6.70-7.55 |
| Kotak Mahindra Bank | 6.55 onwards | 6.55 onwards | 6.55 onwards |
| PNB Housing Finance | 6.99-12 | 6.99-12 | 7.15-12 |
| Punjab National Bank | 6.55-7.95 | 6.50-7.65 | 6.50-7.60 |
| Bank of Baroda | 6.50-8 | 6.50-8 | 6.50-8.25 |
| Union Bank of India | 6.40-7.60 | 6.40-7.65 | 6.40-7.65 |
| IDFC First Bank | 6.90 onwards | 6.90 onwards | 6.90 onwards |
| L&T Housing Finance | 6.75 – 7.75 | 6.75 – 7.75 | 6.75 – 7.75 |
| Bajaj Finserv | 6.70-14 | 6.70-14 | 6.70-14 |
| Godrej Housing Finance | 6.49 onwards | 6.49 onwards | 6.49% onwards |
| Tata Capital | 6.70 onwards | 6.70 onwards | 6.70 onwards |
| LIC Housing Finance | 6.66-7.85 | 6.66-8.05 | 6.66-8.05 |
| Indian Bank | 6.50% – 7.70% p.a. | 6.50% – 7.50% | 6.50% – 7.50% |
Note: Interest rates offered by banks, NBFCs/ HFCs are subject to change as per RBI’s directives and lenders’ discretion.
Compare & Apply for Home Loans from Top Lenders Get Started
Calculate Home Loan EMI
A home loan calculator is a simple tool for calculating home loan EMIs in advance. To compute monthly EMIs, simply enter values such as loan amount, tenure, and interest rate. You can change any of the parameters to find the best choice for you, and you can also compare different loans from different lending institutions.
Home Loan EMI Calculator
₹
%
Year(s)
Home Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Eligibility Criteria for Home Loan
Eligibility for Salaried applicant
- Nationality – Resident Indians, Non-Resident Indians (NRIs) & Persons of Indian Origin (PIOs)
- Age – 18 to 70 years
- Work experience/ business continuity – At least 2 years
- Net minimum income/salary – At least Rs. 25,000
- Credit Score – Credit Score of 750 and above can help in availing lower interest rates
Eligibility for Self-employed applicant
- Nationality – Resident Indians, Non-Resident Indians (NRIs) & Persons of Indian Origin (PIOs)
- Age – 21 – 70 years
- Work experience/ business continuity – At least 3 years
- Net minimum income/salary – At least Rs. 5 lakh
- Credit Score – Credit Score of 750 and above can help in availing lower interest rates
Documents Required for Home Loan in Gurgaon
The list of documents required to apply for a home loan in Gurgaon is:
- Filled and signed home loan application form
- A copy of proof of address (such as Aadhaar, Voter ID, Passport, Driving License, etc.)
- A copy of proof of identity (such as Aadhaar, PAN, Passport, Driving License, Voter ID, etc.)
- Passport size photographs (as required)
- A copy of proof of income (such as Form 16 or latest salary slips for salaried applicants and proof of business continuity of at least 5 years for self-employed applicants)
- Bank account statements of last 6 months
- Property-related documents (such as buyer agreement, own contribution proof, receipt of payments made to developer, etc.)
List of Other Lenders Offering Home Loan in Gurgaon
- Bank of India
- Bank of Maharashtra
- Canara Bank
- Central Bank of India
- Indian Overseas Bank
- Punjab and Sind Bank
- UCO Bank
- Federal Bank
- RBL Bank
- Bandhan Bank
Check the complete list of Housing Finance Companies in India.