Home Loans in
Hyderabad
Hyderabad, the capital of Telangana, with its rich historical past and a perfect blend of modernity, is a prime location for many aspiring homeowners. The city of Pearl offers relatively affordable property prices, which is why many prefer buying a home in Hyderabad. To help interested individuals, various banks and non-banking financial companies or NBFCs offer lucrative and easy home loans in Hyderabad. The standard interest rate for a housing loan in Hyderabad starts at 8.50% per annum. Most of these banks and NBFCs charge a nominal processing fee ranging between 0.25% - 0.50% from applicants applying for home loans in Hyderabad. The maximum loan repayment tenure is up to 30 years, and during this period, the applicants can avail of flexible repayment modes. Not just home loans, these banks and NBFCs also offer easy mortgage loans in Hyderabad to interest applicants.
Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Home Loan Interest Rates in Hyderabad
It is not difficult for potential homebuyers to get a home loan in Hyderabad. The top banks and NBFCs in Hyderabad encourage by offering home loans at affordable interest rates starting at 8.50% per annum. The table below enlists the current home loan interest rates in Hyderabad offered by the top 10 banks and NBFCs:
| BASIC Bank/NBFC Partner Name | Max Tenure (in years) | Rate of Interest | Processing Fees (INR) | Contact |
|---|---|---|---|---|
 LIC HFC | 30 | 8.50% | Up to 0.25% (Rs. 25,000 max) | |
 L&T Finance | 30 | 8.55% - 10.30% | Rs. 10,000 | |
 HDFC Bank | 30 | 8.65% - 9.85% | Up to 0.25% (Rs. 3,540 min) | |
 PNB Housing | 30 | 8.75% - 11.45% | Up to 0.50% (Rs. 10,000 max) | |
 IDFC First Bank | 30 | 8.85% - 10.75% | 0.25% - 0.50% | |
 State Bank of India | 30 | 9.15% - 12.95% | Up to 0.25% (Rs. 10,000 max) | |
 ICICI Bank | 30 | 9.25% - 10.05% | 0.50% - 2.00% | |
 Federal Home Loan | 30 | 10.15% - 10.30% | Rs. 20,000 max | |
 Bajaj Housing | 40 | 8.50% | Up to 7% of the loan amount + GST | |
 Tata Capital Ltd. | 30 | 8.95% onwards | 0.25% of the loan amount (Max: Rs. 3,540) |
Eligibility Criteria for Home Loans in Hyderabad
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.
Documents Requirement for Home Loans in Hyderabad
Documents play an important role in getting a housing loan scheme from the top banks and NBFCs in Hyderabad. Most of these financial organizations ask for the same kind of KYC documents when offering home loans in Hyderabad. The purpose is to verify the borrower’s credibility based on age, salary, citizenship, and bank transaction history. Listed below are the essential documents for home loan in Hyderabad for your reference:
|
|
| 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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