Home / Home loan
A home loan in Gandhinagar.
Under construction in Randesan, a resale in Sector 7, a plot in Dehgam you will build on yourself — three different files, three different sets of lenders. Here is how each one is actually judged.
Two ceilings, and the lower one wins
Every sanction is the smaller of two numbers. The first is what your income can service: lenders add up your existing EMIs and cap the total at roughly half your net monthly pay, so an existing car loan quietly removes several lakh from what you can borrow. The second is what the property supports — up to 90% of the agreement value on loans to ₹30 lakh, 80% up to ₹75 lakh, and 75% above that.
Neither ceiling includes stamp duty or registration. On a ₹60 lakh flat that is around ₹3.5 lakh you have to find yourself, on top of the down payment. It is the single most common shortfall we see, and it turns up late, when the sale deed is being drawn.
The property is underwritten too
Buyers assume the bank is assessing them. It is assessing the property just as hard. If your builder’s project is already on the lender’s approved list, valuation is a formality and sanction moves quickly. If it is not, their technical and legal teams have to visit and clear it, and that adds two to three weeks that nobody mentioned at booking.
So ask your builder which banks have approved the project before you choose a lender. It is the cheapest question in the whole process and almost nobody asks it.
Under construction changes the money
An under-construction flat is not disbursed in one payment. The lender releases funds in slabs against the builder’s demand letters, and until possession you pay pre-EMI — interest on only the portion disbursed so far. That figure climbs with each slab. Budget for the stretch where you are paying rent and a rising pre-EMI at the same time.
Self-construction on your own plot, common in Kalol and Dehgam, works similarly but is released against an engineer’s certification of stage completion rather than a builder’s letter. Fewer lenders are comfortable with it, and public sector banks are generally the more realistic route.
Then the part everyone forgets
Once sanctioned, the lender takes a mortgage on the property, and that is a second registered instrument with its own stamp duty and registration. We draft it and handle the sub-registrar appointment ourselves, which is why the loan and the paperwork move as one file here rather than as two separate queues. Work out what that costs.
Step 1 of 2
Start with two lines.
What do you need?
The panel
Starting rates as on 2 Sept 2026, taken from each lender’s own page. Indicative — what you are finally offered is the lender’s call, and depends on your profile.
Asked often.
How much home loan can I get in Gandhinagar?
Two ceilings apply and the lower one wins. Against your income, lenders cap total EMIs at roughly half your net monthly pay, so ₹85,000 a month with ₹8,000 of existing EMIs supports about ₹42–45 lakh over twenty years. Against the property, they fund up to 90% of the agreement value on loans to ₹30 lakh, 80% between ₹30 and ₹75 lakh, and 75% above that. Stamp duty and registration are never funded.
What documents are needed for a home loan in Gujarat?
Identity and address proof, three months of salary slips with two years of Form 16 (or three years of ITR and computation if you are self-employed), six months of bank statements, and the property papers — sale deed or allotment letter, Index-2, 7/12 or property card, the approved plan, the NA order where the land was agricultural, and the builder's NOC and demand letter. We collect these once and submit them to whichever lender you choose.
How long does a home loan take to sanction in Gandhinagar?
Private banks typically sanction in one to two weeks from complete documents; public sector banks usually take three to five weeks. Disbursement follows registration of the mortgage, which adds a few days more. If your builder has a deadline, say so at the start — it changes which lender we put your file in front of.
Does LoanPark charge a fee for arranging a home loan?
No. We charge the borrower nothing. Our commission is paid by the lender once the loan disburses, which is how direct selling agents are required to be paid. If a loan is not right for you, we have no incentive to push it.
Lender rates as on 2 Sept 2026. Loan-to-value and FOIR figures are the market norms we work to, not a guarantee — every lender sets its own policy and every sanction is theirs to make. LoanPark is a loan facilitator and direct selling agent, not a lender.
Start with two lines.
Name and mobile. We will tell you what you qualify for before asking you for anything else.