Home Loans 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:

Additional Info: Best Home Loan Interest Rates @8%

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

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

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.

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.

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.

Interest Rate For Salaried Individuals in Hyderabad

Home Loan Interest Rate For Self Employed Individuals in Hyderabad

Interest Rate For Self Employed Individuals in Hyderabad

Additional Info: Also check Home Loan for Salaried Employees

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):

Also Read - LRD Loans

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

Additional Info: Also check SBI Home Loan EMI Calculator

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

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

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

• 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

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