Compare Home Loan Interest Rate Offered by Various Banks & HFCs in Gurgaon
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
| SBI | 8.05% - 9.05% | 8.05% - 8.95% | 8.05% - 8.95% |
| HDFC | 8.10% - 9.50% | 8.35% - 9.75% | 8.45% - 9.85% |
| LIC Housing Finance | 8.00% - 9.50% | 8.00% - 9.70% | 8.00% - 9.90% |
| ICICI Bank | 8.10% - 9.00% | 8.10% - 9.00% | 8.10% - 9.10% |
| Kotak Mahindra Bank | 7.99% onwards | 7.99% onwards | 7.99% onwards |
| PNB Housing Finance | 7.99% - 12.50% | 7.99% - 12.50% | 8.10% - 11.20% |
| Punjab National Bank | 7.95% - 9.35% | 7.90% - 9.05% | 7.90% - 9.00% |
| Bank of Baroda | 7.95% - 9.45% | 7.95% - 9.45% | 7.95% - 9.70% |
| Union Bank of India | 7.90% - 9.65% | 7.90% - 9.85% | 7.90% - 9.85% |
| IDFC First Bank | 7.95% onwards | 7.95% onwards | 7.95% onwards |
| L&T Housing Finance | 7.70% - 8.70% | 7.70% - 8.70% | 7.70% - 8.70% |
| Bajaj Housing Finance | 7.70% onwards | 7.70% onwards | 7.70% onwards |
| Godrej Housing Finance | 7.99% - 10.99% | 7.99% - 10.99% | 7.99% - 10.99% |
| Tata Capital | 8.10% onwards | 8.10% onwards | 8.10% onwards |
| Federal Bank | 9.05% - 9.10% | 7.77% - 9.15% | 7.77% - 9.20% |
Note: Interest rates offered by banks, NBFCs/ HFCs are subject to change as per RBI’s directives and lenders’ discretion.
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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
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.)