A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Hyderabad Home Loan

    Hyderabad is one of the larger cities in India and it has a population of about 69 lakh people. Naturally, considering the number of people living in the city, demand for housing is high. Reports indicate that along with the increase in the demand for houses, there has also been a shift towards larger houses in general. The average house size that the people prefer in the city appears to be over 1,700 square feet as opposed to demands for smaller spaces in preceding years.

    With increases in demand for housing and space requirements, the price of houses has also, quite naturally, increased. There is a report that indicates that the city has seen a close to 30% increase in housing prices. This necessitates a need for home loans. There are a number of financial institutions, both banks and non-banking financial companies that offer home loans in Hyderabad. These institutions are listed here.

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    We found 38 Hyderabad Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    8.40% - 8.50% Floating
    Up to 0.25%(Max ₹25,000) One time fee
    30L - 5Crs
    5 - 30 Years
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    8.65% - 10.35% Floating
    Up to 0.50% One time fee
    5L - 10Crs
    3 - 30 Years
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    8.35% - 9.18% Floating
    0.50% - 2.00% One time fee
    20L - 5Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    6.95% - 7.50% Floating
    Up to 0.50%(Max ₹11,800) One time fee
    5L - 10Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    8.99% - 9.75% Floating
    Up to 1.00% One time fee
    2L - 3Crs
    1 - 30 Years
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    8.60% - 9.50% Floating
    0.50% One time fee
    12L - 5Crs
    1 - 20 Years
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    8.40% - 11.75%
    0.50%(Min ₹10,000) One time fee
    5L - 10Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    7.30% - 7.80% Floating
    ₹10,000 One time fee
    50L - 5Crs
    1 - 25 Years
    What you'll love
    Documents
    Perks
    Good to Know
    9.00% - 12.50% Floating
    Up to 1.00% One time fee
    20L - 10Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Think about
    Good to Know
    9.25% Floating
    0.50%(Min ₹10,000) One time fee
    1Cr - 5Crs
    1 - 20 Years
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    Perks
    Fees & Charges
    Good to Know
    6.90% - 7.15% Floating
    Up to 0.50%(Max ₹15,000) One time fee
    25L Min
    1 - 30 Years
    What you'll love
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    Perks
    Fees & Charges
    Eligibility Criteria
    9.25% - 11.20% Fixed
    Up to 0.50% One time fee
    2L - 3Crs
    1 - 30 Years
    What you'll love
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    Perks
    Fees & Charges
    Good to Know

    Top Banks and NBFCs for Home Loan options in Hyderabad

    There are a number of banks and NBFCs in India that offer home loans for those wishing to avail them for reasons ranging from the purchase of a home to purchase of land or renovation of an existing house. The following are some of the top institutions that offer home loan options:

    Banks NBFCs
    PNBHFL Indiabulls
    ICICI Bank Sundaram Home Finance Limited
    Karnataka Bank Aditya Birla Capital
    Kotak Mahindra Bank  
    HDFC Limited  
    Axis Bank  
    SBI Bank  
    DBS Home
    IDFC  

    Home Loan Eligibility in Hyderabad

    In order to be eligible for a home loan, there are some criteria that have to be fulfilled. These criteria are mostly common across all providers with minor changes being applicable. For instance, some may allow people as young as 18 years of age to avail a loan while some may require a minimum eligibility age of 21 years. The following table gives the generic eligibility criteria to avail such a loan:

    Eligibility Criteria Requirement
    Minimum and maximum age Minimum age: 18 Maximum age: 70
    Net annual income Depending on the type of employment, a minimum of Rs.5 lakh is required
    Employment Can be an employee of a company or self-employed
    Residence Own residence or rented residence but should have resided in the same place for at least one year prior to the loan application
    Credit score/rating A good credit rating is required and this should be obtained from a recognized credit bureau

    One thing to note while availing a loan is that the bank or NBFC will not provide the applicant with the full amount required to finance the purchase or renovation. Instead, the institution will typically finance about 70–80% of the total amount required.

    Home Loan Documentation

    In order to avail any home loan, a person has to provide documentation to support their application. The following documentation is generally required:

    Type of Documentation Purpose Permitted documents
    Identity proof This is to serve as a photo ID and for proof of address
    • Driving licence (current)
    • Aadhaar Card
    • Voter ID
    • Passport (current)
    Income proof This is serve as proof of income to indicate that there is a supply to repay the loan
    • Salary slips for three months and IT return or Form 16 for applicants working with a business or organisation
    • IT returns for preceding three years and income computation for the same period along with a balance sheet mentioning profit and loss, audited by a chartered accountant for self-employed applicants
    Loan application form To serve as a request for a loan application
    • Signed and filled form with affixed photograph
    Other documents To serve as additional proof for the institution granting the loan
    • A cheque made out to the amount of the processing fee
    • Bank statements indicating payment for ongoing loans
    • Photographs of all loan applicants and co-applicants

    Types of Home Loans in Hyderabad

    There are a number of different types of home loans available and some of the most popular ones are given in the following table:

    Home Loan type/purpose Details
    Loan for new or pre-owned property Can be availed by a person who wishes to buy a new or pre-owned property. This is the most commonly availed loan type. The interest rates can be either fixed or floating.
    Loan for construction of property Can be availed by a person in the event that they wish to construct a house instead of buying an already constructed one. The cost of the plot of land used will also factor into the loan approval process.
    Loan for property expansion Can be availed by a person who wishes to increase the size of their property.
    Loan for home improvement/renovation Can be availed by a person who wishes to modify or renovate their house.
    Loan for NRIs Can be availed by non-resident Indians in order to purchase property within India.

    There are other facilities like home conversion loans and home loan balance transfers that can also be availed by a home loan applicant. Home conversion loans can be availed when a person has already made use of a loan to buy a property and wishes to avail another loan. Home loan balance transfers allow a person to move their loan from one financial institution to another in order to take advantage of benefits offered by the second financial institution.


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    Hyderabad Home Loan Reviews

    • Indiabulls Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I took home loan from INDIA BULLS, some people suggested to take a loan from this bank so chosen it. They have sanctioned the loan amount of 15L with tenure period of 15 years. Rate of interest is nominal. EMI need to pay of 17K. The processing fee is applicable. Since I am going to buy a plot so taken this loan offer.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Mar 11, 2020
    • SBI
      SBI Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Myself approached SBI to apply for a home loan and taken the loan on 2016. The process was smooth and sanctioned with sufficient amount with tenure period of 20 yrs. The rate of interest was average around 8%, there is pre closure option and locking period of 1 year. EMI need to pay of 35K.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Mar 04, 2020
    • HDFC Limited Home Loan
      "Worst possible experience for NRI home "
      0.5 0.5/5 "Unacceptable"
      Absolutely don't go to hdfc for an NRI home loan. They are bunch of incompetent unhappy employees who don't have a clue on what they are supposed to be doing. They can't understand even a simple bank statement from a US bank. Don't waste your time. Go to one of the other Banks in India. After asking for a ton of documents and wasting 2 months of my time, I withdrew my loan application and paid the builder from my own funds. Every other day, I get an email asking to call and the person I am looking for is never available to take my call. They take a message over the photo but never call back. By far the worst bank for NRI home loans in my opinion. Funny thing is I had taken an NRI home loan from hdfc in the past and paid off the loan 5 years ahead of time. Between myself and my wife we make a decent amount of money. We own 7 independent homes in USA and 5 more in India. We get a rent of more than Rs 1 lakh in India per month which is more than enough for the EMI. Totally avoid this bank
      Was this review helpful? 5
      , hyderabad
      Reviewed on Mar 03, 2020
    • UCO Home Loan
      "Good Loan Services"
      0.5 5.0/5 "Blown Away!"
      Taken my home loan from UCO bank because they have offered me a interest rate of 8.4%. Chosen UCO bank because one of my relative is working over there. They took 1 month to sanctioned this loan. I got the loan amount of Rs. 10 lakhs. I pay the EMI amount of Rs. 15000 for the duration of 8 years.
      Was this review helpful? 8
      , hyderabad
      Reviewed on Feb 15, 2020
    • LIC Housing Home Loan
      "Easy loan approval"
      0.5 5.0/5 "Blown Away!"
      From LIC Housing Finance, i have taken a home Loan because the document submission is very less where in other bank, there are lots of documentation process. They have sanctioned the loan within 1 month . I got the loan amount of Rs. 27 lakhs. The total tenure period was 20 years and the rate of interest was 8.8% which is good.
      Was this review helpful? 7
      , hyderabad
      Reviewed on Feb 04, 2020
    • SBI Home Loan
      "Good Loan Service"
      0.5 4.0/5 "Great!"
      In SBI interest rate and external charges are less when compared to other bank, so that I have selected the home loan from this bank. I had already completed the loan. I got the loan in the year of 2011 and i have chosen the duration of 15 years but i have done a pre-closure without paying any additional charges. I bought the loan amount of Rs. 12 lakhs with the low interest rate of 10.25%. They took 1.5 months to sanctioned my loan.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Jan 25, 2020
    • Punjab National Bank Home Loan
      "Overall not good"
      0.5 2.0/5 "Expected more"
      My home loan was taken from PNB Housing but the rate of interest is very high and disbursement was not happened in a proper way especially final disbursal. Since my builder where i bought the flat has a tie up with the PNB Housing, i have selected the same. When i compared to other bank, interest rates are quite high.
      Was this review helpful? 8
      , hyderabad
      Reviewed on Jan 16, 2020
    • BAJAJ HOUSING FINANCE LIMITED HOME LOAN Home Loan
      "Very Good Loan service"
      0.5 4.0/5 "Great!"
      Taken my home loan from Bajaj Housing finance because they were ready to provide more amount. I bought the loan amount of Rs. 30 lakhs and they have provided me a interest rate of 8.6% and the processing fee also very low which is 0.5%. I pay the EMI amount of Rs. 26000 for the tenure period of 25 years. Within 15 days, they have sanctioned my loan.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Dec 31, 2019
    • HDFC Limited Home Loan
      "Easy to apply the loan "
      0.5 5.0/5 "Blown Away!"
      I have taken home loan directly through HDFC LIMITED.The rate of interest and the processing fee was quite nominal. This loan was sanctioned within 12 working days loan is still active and i have submitted the required documents as well .If EMI is paid on delay basis there will not be extra charges and there is no cheque bounces till date.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 27, 2019
    • Punjab National Bank Home Loan
      "Not recommended "
      0.5 2.5/5 "Just OK"
      I have taken Housing loan directly through PNB and the loan amount was Rs. 12lakhs. The rate of interest was 10.75% floating which is quite nominal and the tenure is 3 years. I am paying EMI every month Rs. 38,000. Customer service was neutral and it took 2 months for the loan process.There is no proper communication they are increasing the rate of interest without any information.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Dec 20, 2019
    • DHFL Home Loan
      "Quick approval loan"
      0.5 3.0/5 "Satisfactory"
      I have taken a housing loan from DHFL and the loan amount of Rs. 10,50,000 for the rate of interest of 9.8%. I am paying the EMI amount of Rs. 8500 for the tenure period of 15 years since its plot cum construction loan. Bank itself approved a loan within 3 days.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Dec 11, 2019
    • LIC Housing Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have taken home loan directly through LIC Housing Finance .The rate of interest and the processing fee was quite nominal .This loan was sanctioned on exact time frame without any delay.This loan is still active and i have submitted the required documents as well .If EMI is paid on delay basis there will be extra charges.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Dec 10, 2019
    • SBI Home Loan
      "Before approval documentation process was fine"
      0.5 5.0/5 "Blown Away!"
      Purchased the home loan in SBI, 5 years back. I am paying the EMI amount of Rs. 22000 every months after i have taken the top up. They have provided me a interest rate of 7.25%. I got the loan amount of Rs. 27 lakhs and i have selected the tenure period of 240 months. They do have a partial payment and pre-closure facility without any additional charges.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Nov 12, 2019
    • review Home Loan
      "Quick response in Fullerton"
      0.5 4.0/5 "Great!"
      For purchasing the open plot, I got a home loan from Fullerton. The open plot venture has tied up with Fullerton so I avail the loan with them. I got the loan amount of Rs.10 lakh for the rate of interest of 12%. I am paying EMI amount of Rs. 10,200 for tenure period of 20 years, since its plot come construction loan. Customer service done a proper follow up with the customer.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 06, 2019
    • ICICI Bank Home Loan
      "Need to be very clear with the process"
      0.5 1.0/5 "Really Bad"
      I am running a home loan with ICICI BANK and making the payments time to time from last 3 years. They have provided me 31L to purchase residential property but the loan process and services are not good, whatever I enquire they don't know that. The interest rate was very good.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Sep 24, 2019
    • Syndicate Bank Home Loan
      "Need scope of improvement"
      0.5 3.0/5 "Satisfactory"
      Syndicate bank took some long time to complete my home loan process, I had visited twice to the bank to complete the paper work. They released the money based on the property construction. The bank staffs need more attentive interms of process, the rate of interest is quite nominal and its a reducing one. I have chosen this loan for 20 years of duration.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Sep 19, 2019
    • SBI Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My Father has taken a home loan with State Bank of India. There was no hassle on the loan process, the manager was clearly explained about the charges. They have processed the loan faster and the rate of interest was reasonable when compared with other banks. We have purchased a residential property.
      Was this review helpful? 10
      , hyderabad
      Reviewed on Sep 14, 2019
    • LIC Housing Home Loan
      "They should look u about customer orientation"
      0.5 3.0/5 "Satisfactory"
      There is a lots of hassles in communicating with the Non Banking Financial. They do not have any automated statement facility but they are improving. That time, they were a only authorized banker to provider to give a loan for my flat. The interest rates are same as other banks. I took the loan amount of Rs. 11 lakhs and the tenure period is 12 years in that 7 years is already completed.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Sep 07, 2019
    • HDFC Limited Home Loan
      "People friendly loan"
      0.5 3.0/5 "Satisfactory"
      HDFC Home loan service is not that much good. Comparing to Government sector, interest rates are in a higher part. At the time of process, HDFC people helped me a lot and they came to my place and they have collected all my documents hence i don't need to bother about the process. Whenever I'm sending mails, they are giving reply immediately.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Sep 07, 2019
    • HDFC Limited Home Loan
      "Service is Good"
      0.5 5.0/5 "Blown Away!"
      Chosen my home loan from HDFC its because of the easy accessibility and there is no lengthy process. I bought the loan amount of Rs. 12 lakhs for the tenure period of 15 years. They took 2 months to sanctioned the loan. There was some documents which i need to submit from my end thats the reason it got delayed. They have offered me a interest rate of 8.35%.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Aug 30, 2019
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