| Banks / NBFCs | Interest Rates | Tenure | Processing Fees |
| HDFC Bank | Starting 9.40% & Above | Maximum 15 years | 0.50% |
| ICICI Bank | Starting 9.40% & Above | Maximum 15 years | 0.75% |
| Kotak Mahindra Bank | Starting 9.40% & Above | Maximum 15 years | 0.50% |
| Axis Bank | Starting 9.40% & Above | Maximum 15 years | 0.50% |
| IDFC Bank | Starting 9.40% & Above | Maximum 20 years | 1% |
| Standard Chartered Bank | Starting 9.40% & Above | Maximum 15 years | 0.50% |
| Deutsche Bank | Starting 9.40% & Above | Maximum 15 years | 0.75% |
| Bajaj Finance | Starting 9.75% & Above | Maximum 15 years | 1% |
| L&T Finance | Starting 9.75% & Above | Maximum 15 years | 1% |
| India Bulls | Starting 10.5% & Above | Maximum 15 years | 1% |
| RBL Bank | Starting 9.50% & Above | Maximum 15 years | 1% |
| Hero Fincorp | Starting 11% & Above | Maximum 15 years | 1% |
| HDB Finance | Starting 9.75% & Above | Maximum 15 years | 1% |
| HSBC | Starting 9.5% & Above | Maximum 15 years | 0.50% |
| Shinhan Bank | Starting 9.10% & Above | Maximum 15 years | 0.50% |
| AU Small Finance Bank | Starting 10% & Above | Maximum 15 years | 1% |
Gurgaon, officially Gurugram, is a thriving hub in Haryana, part of the National Capital Region, earning the title “Millennium City” for its rapid urbanisation and economic growth. Initially on Delhi’s outskirts, it has evolved into a bustling corporate centre. Ranking 8th among India’s wealthiest cities,
Gurgaon boasts a dynamic economy, housing major corporations and DLF’s iconic developments. With numerous shopping malls, it’s also a growing retail hub. Property ownership here offers convenient access to OneNDF’s Loan Against Property in Gurgaon during uncertainties and financial shifts.
Economy of Gurgaon
Gurgaon’s strategic location, excellent infrastructure, and proximity to the international airport have attracted diverse industries, including IT, finance, manufacturing, and services. With a focus on IT, BPO, real estate, and manufacturing, Gurgaon has become an outsourcing and tech hub, drawing major MNCs.
High per capita incomes and significant investments make it a favourable ground for businesses. The city’s evolved financial sector offers various business loan options, fostering competition among banks and NBFCs, resulting in favourable terms for entrepreneurs seeking financial support.
Features & Benefits of Loan Against Property
1. Mortgage loan amount:
You could get anywhere from INR 20 lakh to INR 7.5 crore, depending on how much your property is worth and other things that make you eligible.
2. Low-Interest Rate:
Get the best deal on interest rates with OneNDF Loans, so you can easily afford and efficiently finance your property.
3. Loan-to-Value Ratio:
You can get a Loan-to-Value (LTV) Ratio of up to 75% of your property’s value, giving you enough money to meet your goals and allowing you to borrow more based on your property’s worth.
4. Hassle-free Documentation:
Make the loan application process easier with OneNDF Loans, as we guarantee hassle-free paperwork for your convenience.
5. Tenure:
The LAP repayment period can be as long as 15 years, making it easier for borrowers to comfortably pay off their EMIs.
6. Easy Repayment & Longer Tenure:
Get flexible repayment options and a longer loan duration with OneNDF Loans, making it easier for you to manage your finances.
Also Read: Benefits of loan against property
Loan Against Property EMI Calculator
Eligibility Criteria for Loan Against Property
To avail of a Loan Against Property in Gurgaon, the borrower must fulfil the following eligibility criteria:
| Particulars | Requirement |
| Citizenship | The applicant must hold an Indian citizenship. |
| Age | The borrower must be at least 25 years old, and the maximum age must not be more than 75 years old at the time of loan maturity. |
| Nature of work for salaried applicants | Salaried Employee of an MNC, public sector or private sector with stable income |
| Business Vintage for self- applicant | The business must be at least 3 years old if applicable |
| Credit Score | Both the promoter and the business must have a good credit score of more than 700. The credit score of co-applicants is also checked wherever applicable. The credit score has a crucial role to play in determining the creditworthiness of the borrower. It determines the limit of the lender’s credit exposure based on the repayment history of the business. |
Documents Required to Apply for a Loan Against Property
The documents required for a Loan Against Property in Gurgaon may vary. However, the following documents are usually sought by banks and NBFCs for a Loan Against Property in Gurgaon:
- Application form with a recent photograph
- Passport copy, voter ID card, driver’s license, PAN card or any other proof of identity.
- Address proof as such passport, utility bills, driving license etc.
- Age proof as such bank statement, bank passbook, or other certificate from a statutory authority.
- Bank statement of last 6 months or last 6 months’ salary slips.
- Form 16
- Income tax returns of last 3 years
- Processing fee cheque.
Additional documents for self-employed and SMEs for Loan Against Property
- For self-employed: CA attested income statements and other financials of past 2 years.
- For SMEs: last 2 years financial audited.
Also Read: Detailed List of documents required for loan against property
Interest rates on Loan Against Property
The interest rates on a Loan Against Property in Gurgaon can vary from lender to lender. However, here is an overview of the interest rates and charges on various types of Loan Against Property in Gurgaon:
| Fees & Charges | Amount Chargeable on Loan Against Property |
| Interest Rate | Starting from 9.10% P.A. |
| Loan Amount | ₹30 Lakh to ₹100 Cr |
| Loan Processing Charges | Minimum Processing fee is 1%+ GST |
| Foreclosure Charges | Pre-Payment is not allowed within 12 months of loan sanction After 12 months, pre-payment charges will be applicable as described in the sanction letter |
How to apply for a Loan Against Property in Gurgaon through OneNDF
The process of applying for a Loan Against Property in Gurgaon may differ based on the type of Loan Against Property availed.
OneNDF streamlines this process by allowing individuals to apply for Loan Against Property online and match with lenders according to their unique Loan Against Property requirements:
- Open the official website of OneNDF and SIGN UP.
- You can register by entering your mobile number and clicking on ‘Next’.
- You would receive an OTP, through which you can authenticate your identity.
- Once authenticated with OTP, you can upload your documents and apply for a Loan Against Property at attractive interest rates as per your requirements.
- Once the loan application form is submitted, the platform connects you with the best lender available as per your requirements. It helps you get a Loan Against Property at a competitive interest rate.
FAQs
Q.1 What are the features and benefits of OneNDF’s Loan Against Property in Gurgaon?
OneNDF’s Loan Against Property in Gurgaon offers borrowers a convenient experience with a flexible repayment tenure, competitive low-interest rates, and a streamlined process through hassle-free documentation, ensuring financial ease.
Q.2 Can self-employed individuals or SMEs avail Loan Against Property from OneNDF in Gurgaon?
Certainly, self-employed individuals and SMEs can secure a Loan Against Property in Gurgaon. They need to furnish CA-attested financials for the self-employed and audited financials for SMEs to meet the eligibility criteria.
Q.3 What documents are usually required to apply for a Loan Against Property in Gurgaon?
Typically required for a Loan Against Property in Gurgaon are documents like passport, ID proofs, age verification, bank statements, and income tax returns, ensuring a seamless application process.
Q.4 How do interest rates on Loan Against Property differ among various Gurgaon banks when obtained through OneNDF?
Interest rates for Loan Against Property in Gurgaon vary between 8.75% and 10.50%, depending on the lender’s terms and conditions.
Q.5 What factors determine the eligibility for a Loan Against Property in Gurgaon if we take it from OneNDF?
Crucial factors influencing eligibility for a Loan Against Property in Gurgaon include citizenship, age (25 to 75 years), nature of work (salaried or self-employed with a business vintage of at least 3 years), and a good credit score exceeding 700 for both the applicant and business, shaping the lender’s credit exposure.
