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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. | Apply Now |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| LIC Housing Finance | 8.50% - 10.35% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Apply Now |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Apply Now |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Apply Now |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Apply Now |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Apply Now |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Apply Now |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Apply Now |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Apply Now |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Apply Now |
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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
Check Your Free Credit Score to know Home Loan eligibility Check Now
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
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