Home Loan in Gurgaon

Great work opportunities, easy connectivity through the metro, rapid infrastructural growth, and high living standards make Gurgaon the first choice for aspiring homeowners to buy a home. If you, too, are keen to purchase or construct a home of your own in the cyber city of India, Gurgaon, also known as Gurugram, then you have several banks and NBFCs to help you buy a dream home. Home loans in Gurgaon are available at very low interest rates starting from 8.35% per annum. Borrowers can apply for a home loan in Gurugram with a maximum loan repayment period of up to 30 years. Interested applicants can choose home purchase loans, plot purchase loans, home construction loans, home improvement loans, balance transfer loans, top-up loans, and loans against property in Gurgaon.

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Home Loan Interest Rates in Gurgaon

To help aspiring homebuyers buy a home in the Gururgam city of NCR, top banks and NBFCs offer home loans at reasonable interest rates and a nominal processing fee. They also offer a long repayment tenure to make it easy for the borrower to repay the amount. The home loan interest rates in Gurgaon from the best lenders fall in a range between 8.35% - 17.00%.

BASIC Bank/NBFC Partner Name Max Tenure (in years) Rate of Interest Processing Fees (INR) Contact
bank LIC HFC 30 8.40% - 8.50% Up to 0.25% (Rs. 25,000 max; one-time) Enquire
bank HDFC Bank 30 8.70% - 9.75% Up to 0.25% (Rs. 3,540 min; one-time) Enquire
bank Aditya Birla Capital 20 8.85% - 13.50% 0.75% up to 1.00% (one-time) Enquire
bank Union Bank of India 30 8.70% Up to 0.50% (Rs. 15,000 max; one-time) Enquire
bank State Bank of India 30 8.75% - 9.75% Up to 0.25% (Rs. 10,000 max; one-time) Enquire
bank Bank of Baroda 30 8.60% 0.25% - 0.50% (one-time) Enquire
bank Cent Bank HFC 30 8.35% - 9.35% Up to 1.00% (Rs. 10,000 min) Enquire
bank Aavas Financiers Ltd 25 13.00% - 17.00% Up to 1.00% (one-time) Enquire
bank Kotak Mahindra Bank 20 8.85% - 9.45% Rs. 10,000 (one-time) Enquire
bank L&T Finance 30 8.75% - 10.30% 10,000 Enquire
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Eligibility Criteria for Home Loans in Gurgaon

Home loans in Gurgaon are offered to applicants based on certain eligibility criteria. These are general parameters like age, monthly income, CIBIL score, citizenship, and professional experience. The table below enlists the standard home loan eligibility in Gurgaon:

Eligibility Parameters Salaried Individuals Self-Employed Individuals
Citizenship Indian Indian
Professional Experience 2 years 3 years

  • Min: 21 years
  • Max: 62 years

  • Min: 25 years
  • Max: 70 years

Monthly Income

Minimum Rs. 1.8 lakhs per annum

Minimum Rs. 1.8 lakhs per annum

CIBIL Score 750+ 750+

Note: Applicants are encouraged to declare any additional sources of income besides those mentioned in the table above to boost their chances of getting a home loan approval.

  • All home loan applicants seeking housing finance at top Gurgaon banks and NBFCs must be Indian residents. 
  • Salaried home loan applicants should ideally be between 21 and 62 years of age, while self-employed individuals are considered eligible for home loan applications between 25 and 70 years of age.
  • Salaried applicants must demonstrate at least 2 years of professional experience, and self-employed applicants must show business continuity for at least 3 years.
  • Both salaried and self-employed home loan applicants must have a Credit/CIBIL score of more than 750 to qualify for availing home loans at Gurugram banks.

Note:These criteria are subject to variation from one bank to another. It is recommended that you check with the specific bank you are applying to for a home loan for its eligibility requirements.

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Documents Requirement for Home Loans in Gurgaon

The list of documents required to get home loans in Gurugram may vary from bank to bank. However, an interested borrower must arrange for some general KYC documents to speed up the procedure. Have a look at the list of home loans in Gurgaon documents required:

1. For Salaried Loan Applicants

  • KYC documents such as Voter ID, Driving License, PAN card, Aadhaar Card, and Passport
  • Contract of employment
  • Proof of income such as salary slips of the previous 3 months, the latest Form 16, and the last 2 years IT returns
  • A cheque for the processing fee for the loan application
  • Property documents such as sale deed, NOC from the builder or housing society, advance payment receipt to the builder, and approved construction plan

2. For Self-Employed Loan Applicants

  • Savings account statement of previous 3 months (in case of individual applicant) and current account statement (in case of business entity)
  • ITR with computation of income for previous 3 years as proof of income
  • Profit & Loss account statements and Balance Sheets for the last 3 years
  • Business profile and license of the company 
  • TDS Certificate
  • Qualification documents
Type of Document Required Examples of Documents that can be Submitted
Proof Of Residency Aadhaar Card, Valid Passport
Proof Of Income Bank Passbook, Bank statement, Last 3 years IT Return
Proof Of Age PAN Card, Voter ID, Birth Certificate, Registration Certificate Of Establishment
Proof Of Employment Certified Letter from Employee/Company Memorandum 
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Home Loan Options Available in Gurgaon

Various private and public sector banks and NBFCs in Gurgaon understand the varied needs of people keen to either purchase, construct, or improve a home, so they offer a variety of home loan schemes to choose from. The table below enlists the various Gurgaon home loan options offered by the top banks and NBFCs to potential homeowners:

Type of Document Required The Object of the Loan
Home Purchase Loan To buy residential housing such as flat/apartment
Plot Purchase Loan To purchase a plot where a home can be constructed in the future
Home Construction Loan To construct a home on an already purchased plot
Home Improvement Loan To undertake renovation/upgrades in the house, such as wiring, painting, and other activities for improving the living space
Balance Transfer Home Loan To transfer the existing loan amount to a new lending party offering a lower rate of interest
Top-Up Loan To help the borrower meet personal and professional financial needs

Note:The options tabulated above are the most popular loan options availed of by most customers. Please check with your specific bank for other home loan options that they offer.

Best Banks and NBFCs for Home Loans in Gurugram

Keen to borrow money from the top lenders to buy a home of your own in Gurgaon? Then, have a look at the list of best banks and NBFCs in Gurgaon that offer home loans at low interest rates, minimum eligibility criteria and paperwork:

Top Banks for Home Loans in Gurgaon (BASIC Partner) Top NBFCs for Home Loans in Gurgaon (BASIC Partner)
Bank of Baroda Cent Bank HFC
YES Bank Aditya Birla Capital
Kotak Mahindra Aavas Financiers Ltd.
Union Bank of India PNB Housing


Yes, several top banks and NBFCs in Gurgaon offer home loans to self-employed individuals. Kindly invest some time researching the most suitable home loan scheme in Gurgaon for self-employed applicants.

An aspiring homeowner can choose from a range of home loans in Gurgaon like: 

  • Home Purchase Loans
  • Plot Purchase Loans
  • Home Construction Loans
  • Home Improvement Loans
  • Balance Transfer Home Loans
  • Top-Up Loans

There are several banks and NBFCs in Gurgaon that offer home loans up to Rs. 75 lakhs based on the repayment capacity and other eligibility criteria of the applicant.

Usually, no bank or NBFC offers a 100% home loan amount in Gurugram. However, you can expect up to 90% of the property cost of LTV from the top lenders in Gurugram. 

An interested buyer can get home loans in Gurgaon for rented, lying vacant, self-occupied, and under-construction properties.