Home Loan in Hyderabad

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

Name of Lender	Up to Rs. 30 Lakh	Above Rs. 30 Lakh to Rs. 75 Lakh	Above Rs. 75 Lakh
SBI	8.50%-9.85% p.a.	8.50%-9.85% p.a.	8.50%-9.85% p.a.	Check Eligibility
HDFC Bank Limited	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
LIC Housing Finance	8.50% - 11.25% p.a.	8.50% - 10.55% p.a.	8.50% - 10.75% p.a.	Check Eligibility
ICICI Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
Kotak Mahindra Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
PNB Housing Finance	8.50% - 14.50% p.a.	8.50% - 14.50% p.a.	8.50%-11.45% p.a.	Check Eligibility
Punjab National Bank	8.45% - 10.25% p.a.	8.40% - 10.15% p.a.	8.40% - 10.15% p.a.	Check Eligibility
Bank of Baroda	8.40% - 10.65% p.a.	8.40% - 10.65% p.a.	8.40% - 10.90% p.a.	Check Eligibility
IDFC First Bank	8.85% p.a. onwards	8.85% p.a. onwards	8.85% p.a. onwards	Check Eligibility
L&T Finance Limited	8.65% p.a. onwards	8.65% p.a. onwards	8.65% p.a. onwards	Check Eligibility
Tata Capital Housing Finance	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
Federal Bank	8.80% p.a. onwards	8.80% p.a. onwards	8.80% p.a. onwards	Check Eligibility
Axis Bank	8.75%-13.30% p.a.	8.75%-13.30% p.a.	8.75%-9.65% p.a.	Check Eligibility
Godrej Housing Finance	8.55% p.a. onwards	8.55% p.a. onwards	8.55% p.a. onwards	Check Eligibility

Note: Rates as of 11th December 2024

Home Loan Features

• Home loans are usually offered @ 8.30% p.a. onwards in Hyderabad
• Tenures usually range up to 30 years
• LTV ratio: 90% of the cost of property
• Pradhan Mantri Awas Yojna for economically weaker sections, middle income groups and low income groups with credit linked interest subsidy of up to Rs 2.76 lakh
• Top-up loans are offered on existing home loans to meet the personal requirements of the borrowers
• Home Loan overdraft facility is also provided to existing home loan borrowers
• Home loan balance transfer to existing home loan borrowers of other lenders at lower rate of interest
• Select customers are offered pre-approved instant loans
• No pre-payment charges

Income Requirements of Home Loan in Hyderabad: The minimum monthly income requirement is Rs 15,000 which can be higher for some lenders.

Eligibility Criteria of Home Loans in Hyderabad

• Applicant should be Indian resident, PIO, NRI. Some lenders in Hyderabad also offer NRI Home Loans to PIO and NRI applicants.
• Age- Minimum: 21 years
  • Maximum: Up to 70 years at the time of loan maturity

• Work experience: Minimum 3 years
• Job profile of the applicant:
  • Salaried (government and corporate professionals)
  • Self-Employed Non-Professionals (contractor, trader, commission agent)
  • Self-Employed Professionals (Doctors, CS, lawyers, CA, architect, consultant, engineer
  • Credit Score– 750 and above for better chances of availing home loan and at lower interest rates

Documents Required for Home Loans in Hyderabad

For Salaried Applicants

• KYC documents: PAN card, passport, voter ID, Aadhaar card, driving license
• Income Proof: Salary slips for last 3 months, Bank statement for past 6 months with salary credits, ITR/Form-16
• Employment contract/appointment letter if the job is less than an year old
• Bank statement showing loan repayment history
• Own contribution proof
• Property documents
• Processing fee cheque

Additional Documents for Self-Employed Applicants

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

Also Check Home Loan EMI Calculator