Home Loan in Gurgaon

Gurgaon, officially known as Gurugram, is one of the leading industrial and financial hubs in India. Known for its robust infrastructure and fast-growing economy, the city currently accommodates 250+ Fortune 500 companies along with start-ups and other established firms. The place also has various educational institutions, shopping centres and medical facilities, making it a great place to live in. If you are planning to make this city your home, buy the best residential property with a home loan in Gurgaon.

Home Loan in Gurgaon Features & Benefits

• 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

Home Loan Interest Rates in Gurgaon

Note: Interest Rates offered by Banks, NBFCs/ HFCs are subject to change as per the directives of RBI and lenders’ discretion

Compare Home Loan Rates of All Lenders

Calculate Home Loan EMI

Home Loan EMI Calculator helps you know your home loan EMI. The online loan calculator uses a few basic loan details (principal amount, interest rate and loan tenure) to give you accurate results. Once you know your home loan EMI, you can plan your finances accordingly in order to avoid loan default. Home loan calculator is simple for anyone to use and provides quick results. Besides telling about your home loan monthly instalment, the loan calculator also shows amortization schedule, total interest due and the total amount payable. Calculate Your Home Loan EMI

Home Loan Eligibility in Gurgaon

Note: The above eligibility criteria may vary across lenders, home loan schemes, locations and credit profiles.

A few other variables that may impact your home loan eligibility include your educational qualifications, age, property characteristics, number of dependants, existing loan payments, etc.

Must Read: How to Improve Your Home Loan Eligibility

Documents Required for Home Loans in Gurgaon

The list of documents required to apply for 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.)

Check Also: The complete list of home loan documents

List of Top Home Loan Providers in Gurgaon

• State Bank of India (SBI)
• HDFC Bank
• ICICI Bank
• Punjab National Bank (PNB)
• Axis Bank
• Bank of Baroda (BoB)
• Canara Bank
• Bank of India (BoI)
• Kotak Mahindra Bank

List of Top Builders and Developers in Gurgaon

• DLF
• Emaar India
• Mahindra Lifespaces
• Sobha Limited
• Godgrej Properties
• Bestech
• Mapsko Group
• Adani Group
• Hero Realty
• Birla Estates

Types of Home Loans offered in Gurgaon

1. Home Purchase Loan – To buy a residential property such as an under-construction property, ready-to-move-in apartment or a resale property
2. Composite Loan – To purchase a residential plot to later on build a house
3. Home Construction Loan – To cover cost related to housing construction
4. Home Improvement Loan – To cover cost related to home repair and renovation
5. Home Extension Loan – To cover cost incurred in adding more space in an existing residential property
6. Step Up Loan– To increase home loan eligibility for young individuals who have just started their careers. This type of housing loan allows them to pay lower EMIs in the early years of their housing loan. In the later years, as their income will increase, the EMIs will also increase
7. Bridge Loan– To bridge the gap of fund requirement between the time a new property is purchased and the existing one is sold
8. Interest Saver Loan– To help borrowers save on their overall home loan interest. This type of home loan is similar to overdraft facility. Any amount deposited in the loan account, if exceeds the home loan EMI, is taken as a prepayment towards the loan. This reduces the principal amount and total interest payable

Check Also: Types of Home Loan

How to Apply for Home Loan in Gurgaon

Steps to apply for home loan online at Paisabazaar.com are:

• Click here to start with the home loan application process
• Input the required details about the loan amount required, the type of home loan required, etc.
• Input more information related to your home loan requirements and personal information such as the cost of the property, your full name, date of birth, etc.
• Accept the terms and conditions
• Click on the ‘View Best Offers’ button to proceed

Best home loan offers according to the applicant’s eligibility will appear.

• Compare and apply for the best home loan offer

After you have applied for the home loan, you will get a call from Paisabazaar’s home loan experts to take forward the process.