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Home Loans in Hyderabad

Best home loans in Hyderabad are offered by various banks and financial institutions like HDFC, SBI, PNB housing finance, IIFL, Aadhar housing finance, and Indiabulls housing finance. The home loan interest rate starts from 8.50% whereas the processing fees are nominal starting from 0.25% + GST.

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Compare Home Loan Interest Rate Offered by Various Banks & HFCs in Hyderabad

When you are looking to get a home loan in Hyderabad, the first thing to do is to compare various banks and the rates at which they are offering home loan interest rates. 

Let’s have a look below to know the same:

Name of LenderUp to Rs. 30 LakhAbove Rs. 30 Lakh to Rs. 75 LakhAbove Rs. 75 Lakh
SBI8.55% - 10.05%8.55% - 9.95%8.55% - 9.95%
HDFC8.60% - 10.00%8.85% - 10.25%8.95% - 10.35%
LIC Housing Finance8.50% - 9.50%8.50% - 9.70%8.50% - 9.90%
ICICI Bank8.60% - 9.50%8.60% - 9.50%8.60% - 9.50%
Kotak Mahindra Bank8.50% onwards8.50% onwards8.50% onwards
PNB Housing Finance8.50% - 12.50%8.50% - 12.50%8.50% - 11.70%
Punjab National Bank8.45% - 9.85%8.40% - 9.55%8.40% - 9.50%
Bank of Baroda8.45% - 9.95%8.45% - 9.95%8.45% - 10.20%
Union Bank of India7.75% - 9.65%7.75% - 9.85%7.75% - 9.85%
IDFC First Bank8.45% onwards8.45% onwards8.45% onwards
L&T Housing Finance8.20% - 9.70%8.70% - 9.70%8.70% - 9.70%
Bajaj Housing Finance8.30% onwards7.70% onwards7.70% onwards
Godrej Housing Finance8.50% - 10.99%7.99% - 10.99%7.99% - 10.99%
Tata Capital8.60% onwards8.10% onwards8.10% onwards
Federal Bank9.05% - 9.10%7.77% - 9.15%7.77% - 9.20%

Additional Info: Best Home Loan Interest Rates @7.90%

Home Loan Interest Rate in Hyderabad

Home loan in Hyderabad and neighbouring areas start from 7.90% and can go on upto 14%

Home Loan ParametersHome Loan Details
Interest Rate8.30% - 14.00%
Processing Fee0% to 1.25 % of the loan amount
Tenure/ Repayment1-30 years

Tip: 50 Lakh Home Loan EMI Interest Rate 2022 before applying for a loan

Top Housing Finance Companies in Hyderabad

There are more than 30 banks and financial institutions that can give you the best home loans in Hyderabad. Here we are mentioning some of those lenders which give lucrative deals on your home loans.

HDFC Home Loan in Hyderabad

HDFC or HDFC Limited caters to home loan in Hyderabad under different loan slabs based on the required amount of home loan. There are different home loan interest rates for women that can benefit you greatly if one co-applicant of your home loan is a woman.

Loan SlabHome Loan Interest Rates (in % p.a.)
For Women* (upto 30 Lakhs)8.60 - 9.10
For Others* (upto 30 Lakhs)8.65 - 9.15
For Women* (30.01 Lakhs to 75 Lakhs)8.85 - 9.35
For Others* (30.01 Lakhs to 75 Lakhs)8.90 - 9.40
For Women* (75.01 Lakhs & Above)8.95 - 9.45
For Others*(75.01 Lakhs & Above)9.00 - 9.50

LIC Housing Finance Limited Home Loan in Hyderabad

LIC Housing Finance gives 7 different types of home loans in Hyderabad or any other place. The starting home loan interest rate starts from 8.50% for people having a CIBIL score more than 800 and are salaried. For people whose CIBIL score is less than 600 and are self-employed, for them the home loan interest rate in Hyderabad is around 9.40%.

PNB Housing Finance Limited Home Loan in Hyderabad

PNB HFL starts giving home loans in Hyderabad from Rs 8 lakh onwards and takes approximately 10 days to process. The minimum home loan rate of interest in Hyderabad is 8.50% for salaried and 8.60% for self-employed professionals whose CIBIL or credit score is more than 800.

Bajaj Housing Finance Hyderabad

Bajaj Housing Finance offers attractive Home Loan interest rates starting at 8.30%* for salaried and professional individuals. Borrowers also have the advantage of availing of a sizable sanction with minimal documentation and quick processing and approval.

SBI Home Loan Hyderabad

State Bank of India is one of the premier banks of India and so to get a home loan in Hyderabad is very easy with SBI. The cheapest SBI home loan interest rate is 8.55% and the maximum tenure for which home loan can be availed is 30 yrs. The loan disbursement process can take upto 3 weeks in SBI home loan Hyderabad.

Indiabulls Housing Finance Hyderabad

Indiabulls Home Loans offers customers competitive interest rates that will make it easier to own a home of choice. The home loan interest rate at Indiabulls Housing Finance in Hyderabad start from 8.95% p.a.

Aadhar Housing Finance Hyderabad

With 13 types of home related loans Aadhar Housing Finance home loan interest rate is one of the good options.

Customer TypeHome Loan Interest Rate*
Salaried - Home Loan11.75% to 16.50%
Self-Employed - Home Loan12.75% to 17.00%
Loan against Property15.00% to 17.00%

IIFL Home Loan in Hyderabad

IIFL Home Loans progressively works towards facilitating affordable home loans to first time homebuyers of the country. Through a wide network of branches, backed by a digital infrastructure and social development intent, the Company caters to the evolving home finance needs of marginalized sections across the length and breadth of the nation.

The IIFL home loan interest rate in Hyderabad starts from 8.20% p.a.

Aditya Birla Housing Finance 

Getting a home loan in Hyderabad is easy with Aditya Birla Housing Finance home loans. Below is the home loan interest rate based on salary.

Home LoansSalariedSelf Employed
Rate of Interest8.50% to 13.00%9.25% to 13.50%

Sundaram Home Finance Hyderabad

With 6 types of home loans schemes, the home loan interest rate at Sundaram home finance in Hyderabad starts from 8.65% p.a.

DetailsInterest Rate/ Fees
For general customer8.65%
For women customers8.65%
Processing FeeMaximum upto 0.50% + GST

Indiabulls Home Loan

The final Indiabulls home loan rate of Interest depends upon Profile, Loan amount, tenor, property type and other risk parameters. The lowest home loan rate in Hyderabad is 8.70% for 30 yrs. This can change depending on the credit worthiness of the applicant.

Axis Bank Home Loan

Axis bank home loan in Hyderabad is one of the most searched options to get a home loan. The home loan interest rate varies depending upon the applicant profile, salary and credit score.

Additional Info: Also Check Best Banks for Home Loan in India in 2022

Home Loan Interest Rate in Hyderabad for Salaried and Professional Individuals

Loan TypeEffective ROI (p.a.)
Home Loan8.30%* to 14.00%*
Home Loan (Balance Transfer)8.30%* to 14.00%*
Top Up9.20%* to 15.00%*

Interest Rate For Salaried Individuals in Hyderabad

TypeRepo Rate + SpreadEffective Rate of Interest
Floating RateRepo Rate + 2.70% to Repo Rate + 3.05%8.60% - 8.95% p.a.
Fixed RateAll Loan Amounts14% p.a.

Home Loan Interest Rate For Self Employed Individuals in Hyderabad

Loan TypeEffective ROI (p.a.)
Home Loan8.55%* to 14.00%*
Home Loan (Balance Transfer)8.90%* to 14.00%*
Top Up9.40%* to 15.00%*

Interest Rate For Self Employed Individuals in Hyderabad

TypeRepo Rate + SpreadEffective Rate of Interest
Floating RateRepo Rate + 2.80% to Repo Rate + 3.15%8.70% - 9.05% p.a.
Fixed RateAll Loan Amounts14% p.a.

Additional Info: Also check Home Loan for Salaried Employees

Types of Home loans offered in Hyderabad

There are more than 10 types of home loans offered in Hyderabad. Have a look below to understand what different types of home loans you can take from banks and other financial institutions(FIs) or NBFCs(non-banking financial institutions):

Types of Home LoanPurpose of Home Loan
Home LoanThis type of loan is taken to purchase residential property like flats and apartments.
Loan against PropertyGet a loan by pledging your property to the bank.
Home improvement LoanThis loan is taken for house renovation related activities like painting, wiring revamp etc.
Home Extension LoanThis type of loan is taken to extend an already existing loan. For example to build a floor, room and balcony.
Land purchase LoanThis type of loan is taken to purchase a land. The construction of property should be completed within a fixed timeline.
House construction LoanThis type of loan is taken to construct a house.
Home Loan Balance TransferHome loan balance transfer is used to transfer the existing home loan to a lower interest rate reducing the overall outgo in process.
Pre-approved Home LoanThis type of pre-approved home loan is given by banks and lending institutions to their existing customers on the basis of their creditworthiness and income.
Home Loan Top-upsThis is given as an extra loan on your existing home loan.
Home loans for NRIThis type of home loan is suitable for people who live outside India but are willing to construct a house in India.
Home Loan OverdraftHome loan overdraft allows borrowers to get more loan amount linked to their savings and current account.

Also Read - LRD Loans

Mortgage Loans in Hyderabad

Mortgage loans in Hyderabad is another term for home loans in Hyderabad. So, if you are in need of any type of mortgage loan ie. home loan in Hyderabad then you are reading just the article where you will get all the information correctly.

Additional Info: Also check Home Loans in Bangalore

Mortgage Loan Interest Rates in Hyderabad

Name of LenderUp to Rs. 30 LakhAbove Rs. 30 Lakh & Up to Rs. 75 LakhAbove Rs. 75 Lakh
LIC Housing Finance8.00% – 10.00%8.00% – 10.20%8.00% – 10.40%
HDFC Ltd.8.40% – 10.00%8.40% – 10.25%8.40% – 10.35%
Tata Capital Housing Finance8.60% onwards8.60% onwards8.60% onwards
Bajaj Housing Finance8.30% onwards8.30% onwards8.30% onwards
PNB Housing Finance8.50% – 12.50%8.50% – 12.50%8.60% – 11.70%
Repco Home Finance8.10% onwards8.10% onwards8.10% onwards
GIC Housing Finance8.10% onwards8.10% onwards8.10% onwards
Indiabulls Housing Finance8.70% onwards8.70% onwards8.70% onwards
Aditya Birla Capital8.50% – 13.50%8.50% – 13.50%8.50% – 13.50%
ICICI Home Finance9.20% onwards9.20% onwards9.20% onwards
Home First Finance8.00% – 18.00%8.00% – 18.00%8.00% – 18.00%
Godrej Housing Finance7.99% – 10.99%7.99% – 10.99%7.99% – 10.99%
L&T Housing Finance7.70% – 8.70%7.70% – 8.70%7.70% – 8.70%

Additional Info: Also check SBI Home Loan EMI Calculator

Plot Loans in Hyderabad

Plot loans in Hyderabad can be availed upto a maximum amount of Rs 1 Cr. The rate of interest rate for plot loans in Hyderabad starts from 8.60% to a maximum of 9.50%.

Also Check: SBI Plot Loan

Home Loan for CIBIL Defaulters in Hyderabad

If your CIBIL score or credit score is not upto the mark then you need not worry. You can get a home loan for CIBIL defaulters in Hyderabad from noteworthy housing finance companies .

Additional Info: Also check CIBIL Score for Home Loan

Features and Benefits of Home Loan in Hyderabad

Home Loan is a secured loan where the bank keeps possession of your home papers till the repayment is done. Let’s have a glance at some features of home loan in Hyderabad:

  • Home loans in Hyderabad are usually offered at a minimum interest rate of 7.80% p.a.
  • Tenures may be up to 30 years.
  • LTV ratio: 80%-90% of the cost of property.
  • Facilities like top-ups, overdraft and home loan balance transfer to existing home loan borrowers are easily available.
  • Selected existing bank customers are offered pre-approved instant home loans.
  • No prepayment charges.
  • Pradhan Mantri Awas Yojna for economically weaker sections, middle income groups and low income groups with interest subsidy of up to Rs 2.76 lakh

Additional Info: Also check How to Apply for Pradhan Mantri Awas Yojana

Eligibility Criteria of Home Loans in Hyderabad

  • Applicant’s nationality: Indian Resident, PIO, NRI
  • Age- 21 years up to 70 years at the time of loan maturity
  • Work experience: At least 3 years for salaried and self-employed
  • Applicant’s job profile: Salaried (government and corporate professionals)/Self-Employed Non-Professionals (contractor, trader, commission agent)/Self-Employed Professionals (Doctors, CS, lawyers, CA, architect, consultant, engineer
  • CIBIL/Credit score should be 750 and above for increased chances of availing home loan and at lower interest rates

Additional Info: Also check Home Loan Eligibility

Documents Required for Home Loan in Hyderabad

Below are the list of documents needed to get a home loan in Hyderabad:

Home loan Documents For Salaried Loan Applicants

  • Proof of Identity: PAN Card/Driving License/ Voter ID/Passport/Aadhar Card.
  • Proof of address: Passport/Utility bill/Aadhar card
  • Proof of Income: Latest salary slip/ ITR/Form-16
  • Bank Statement: Last 3 months bank statement/ last 6 months bank passbook.
  • Property Documents: Agreement sale copy, Certificate of possession, Land tax receipt, the detailed cost of construction, Letter of allotment, Original NOC.

Additional Home Loan Documents for Self-Employed Applicants

  • Business profile
  • Recent Form 26AS
  • Income Proof: ITR with income computation for past 3 years
  • Memorandum and Articles of Association of the company
  • Balance sheet and profit & loss account statement for last 3 years
  • Current account statement of business entity
  • Savings account statement of individual for past 6 months

Additional Info: Also check Documents Required For Home Loan

FAQs for Home Loans in Hyderabad

How to get Home Loan in Hyderabad?

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Why only Hyderabad, you can apply for a home loan from anywhere in India using our website MyMoneyMantra.com or you can directly visit the link https://www.mymoneymantra.com/home-loans and fill the form with your exact requirements.

How much down payment for home in Hyderabad?

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Normally to buy a new home, a down payment of 10% of the total cost of the property is required. But it is always advisable to go for a minimum home loan amount by paying around 20% to 30% as down payment to the builder.

How long does it Take to Get a Home Loan in Hyderabad?

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It takes anything between 7 to 21 days in order to get a home loan in Hyderabad.

What is the Minimum Income requirement to get a Home Loan in Hyderabad?

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If your monthly salary is more than Rs 25000 then you can get a home loan in Hyderabad.

What is the eligibility criteria for availing a home loan in Hyderabad?

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To be eligible for home loan in Hyderabad there are some requirements. Let’s see what are those requirements that will allow you to have your dream home in Hyderabad:

  • Applicant’s nationality: Indian Resident, PIO, NRI
  • Age- 21 years up to 70 years at the time of loan maturity
  • Work experience: At least 3 years for salaried and self-employed
  • Applicant’s job profile: Salaried (government and corporate professionals)/Self-Employed Non-Professionals (contractor, trader, commission agent)/Self-Employed Professionals (Doctors, CS, lawyers, CA, architect, consultant, engineer
  • CIBIL/Credit score should be 750 and above for increased chances of availing home loan and at lower interest rates

Which bank is the best for home loan in India?

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Lowest home loan interest rate in Hyderabad is 7.80%. With the recent rate hike trend it is assumed that the search for cheapest home loans in Hyderabad might take a while.

Till then you can have a look at these banks / NBFCs and the home loan interest rates that they offer:

Banks/NBFCsHome Loan Interest Rate
HDFC8.60% onwards
LIC HFL8.50% onwards
SBI8.55% onwards
ICICI8.60% onwards
Kotak Bank8.50% onwards

Which Type of Home Loan is Best in India?

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Home loan can be needed for multiple scenarios like loan against property in Hyderabad, loan against power of attorney property in Hyderabad, and many more. So, there is no particular best home loan for all but it will depend on the exact requirement of the customer to decide which type of home loan can best cater to their requirements.

What is the Lowest Interest Rate on a Home Loan in Hyderabad?

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The lowest home loan interest rate in Hyderabad is 8.55% p.a.. Currently it is offered by SBI.

Which Bank gives fastest Home Loan?

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All banks take almost similar time in disbursing your home loan amount. It takes from 7 to 21 days to get your home loan amount.

Can I get home loan on residential plot?

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Plot loans are available for only a residential plot unlike home loans which are available on all properties. The maximum Loan to Value (LTV) when it comes to plot loans is stipulated at 70%. For home loans, the LTV can go up to 90% in some cases.

Can I prepay my home loan?

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Yes, you can prepay your home loan easily by paying a nominal fee as prescribed by the respective bank in case any.

What is the difference between Home loan and Mortgage Loan?

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It must be made clear that even Home Loans are a type of mortgage loan; wherein the property you seek a loan is considered a collateral for the sanction.

Can home loan tenure be increased?

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Yes, they can be increased if there is any room for doing so. Home loans have a long tenure of 15 years and above. During it you will encounter many interest-rate cycles. “Borrowers can either opt for the tenure increase option or the EMI increase option with the consent of the lender. Opting for tenure increase will result in higher interest cost than the EMI increase option

Is ITR compulsory for home loan?

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If you are self-employed then yes your income tax returns will be needed to avail a home loan.

How to apply for a top up home loan in ICICI?

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You can now apply for Top-Up on your existing Home Loan and use the funds to fulfill a host of requirements such as home renovation, marriage expenses, business expansion, funding of your child’s higher education or any other personal need with a combination of overdraft facilities.

What’s more, if you have an existing Home Loan with ICICI bank then applying for a Top-Up loan gets simpler, hassle- free and with minimal documentation.