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  • Hyderabad Home Loan

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  • 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
    8.70% - 9.30% Floating
    0% - 0.50% + Applicable Taxes One time fee
    5L - 10Crs
    3-30 Years
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    9.0% - 9.50% Floating
    Up to 0.50% (min. ₹10,000 + GST) One time fee
    8L Min
    1-30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.80%- 9.20% Floating
    12,000 (inclusive of GST) One-Time Fee
    20L - 5Crs
    1-30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.95% - 9.15% Floating
    10000+GST One time fee
    -
    1-20 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.55% - 8.90% Floating
    Up to 0.5% (max. ₹11,800) One time fee
    5L - 10Crs
    1-30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.75% - 11.0% Floating
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.80% - 8.95% Floating
    0.50% PF (For Salaried) to 1%(min.3000)+Tax (for Self employed)
    12L - 5Crs
    1-20 Years (10 yrs plot loan)
    What you'll love
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    Perks
    Fees & Charges
    Good To Know
    8.80% - 11.75% Fixed/Floating
    0.50% (min. ₹10,000) One time fee
    5L - 10Crs
    1-30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    9% Floating
    ₹ 10000+ taxes One time fee
    50L - 5Crs
    1 - 25 Years
    What you'll love
    Documents
    Perks
    Good to Know
    8.55% - 8.99% Floating
    ₹5,000 to ₹10,000 + applicable tax 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)
    1Cr - 5Crs
    1-20 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    9.25% - 11.20% FIXED
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
    What you'll love
    Documents
    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 BNP Paribas Home Finance
    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

    • review Home Loan
      "Need to decreae rate charges and improvre customer service"
      0.5 3.0/5 "Satisfactory"
      I have taken a home loan in EDELWEISS HOUSING FINANCE LIMITED before three years ago.The process was delay to complete for a home loan. The amount which was offered low for the tenure of 4 years. The rate of interest and processing fee are high. The customer service is no proper response.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 09, 2019
    • HDFC Limited
      Bank Bazaar Home Loan
      "place for people service"
      0.5 5.0/5 "Blown Away!"
      Easy to find the best offers for any loans with this website and we can see the hidden charges also, this is the one website to get the complete information and we can share with other people also, good one, keep it up guys, your service is good one for the people
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 09, 2019
    • Canara Bank Home Loan
      "BEST LOAN"
      0.5 5.0/5 "Blown Away!"
      I am using the services since from last 5 years. The documentation process was delay also they have given the loan amount within 45 days. The loan amount given was good also the rate of interest was 90 paise interest, it is lesser it is in offers with womens loan. The duration for repaying the loan was 15 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 08, 2019
    • Axis Bank Home Loan
      "There is no follow up call from Axis"
      0.5 3.0/5 "Satisfactory"
      I came to know about that Axis bank home services is very fast hence i have applied the loan with them. I applied the loan amount of Rs. 25 lakhs for the tenure period of 25 years. They have provided me a interest rate of 10%. Bank has rejected the loan because its a vacant land and commercial basis but after that i did not have any follow up with them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 06, 2019
    • Bank Bazaar Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com i am using for the first time and i came to know it through the Google while surfing for the loan through online. I am using through the website it is easy to use also to access for applying the loan. The customer support is good overall.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 05, 2019
    • HDFC Limited Home Loan
      "CUSTOMER SUPPORT SHOULD BE RESPONSIVE"
      0.5 5.0/5 "Blown Away!"
      The documentation process was done through the online. I have received the call from the customer support but they have not given correctly. The expected loan amount and the rate of interest was nominal with the bank. I have canceled the loan.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 05, 2019
    • Bank Bazaar Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I came to know about Bank bazaar through Online ,Everything was good and easy to use website ,I have tried checking credit score it is very useful ,This portal is very useful to search all the required information related to all financial products .I am really omfortable on using this website so far .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 02, 2019
    • HDFC Limited Home Loan
      "Good Service"
      0.5 3.5/5 "Pretty good"
      I have applied for HDFC Ltd home loan through Online . I have not faced any difficulties while applying for the loan ,The agent gave all the information about loan process ,The rate of interest and processing was nominal and there was some document issues from bank end and then not got any status hence cancelled the plan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 02, 2019
    • Bank Bazaar Home Loan
      "One stop solution"
      0.5 5.0/5 "Blown Away!"
      Whenever I approach online and immediately got a call from Bankbazaar.com which was satisfactory. They have filtered the particular the banks who are offering lower interest rate and reputed banks according to my profile. Am using website recently and its user friendly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 02, 2019
    • Axis Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The identified property which I wanted to purchase has been canceled so I told Axis Bank, still am in process of identifying the property. I will take this loan later. After 2days I got a call from the executive. If I take a home loan, they will waive the last EMI and there is no charges for fore closure and part payment. The rate of interest is nominal and it was around 9%. There was a processing fee of 5K for the loan amount of below 30L.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 02, 2019
    • Bank Bazaar Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I came know about bank bazaar . com through social media, iam using through mobile application past 2 year ago , customer service i s good, and responsive .I suggest that mobile chat option to be live chat. To check all finical products in market.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 02, 2019
    • Bank Bazaar Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I came to know about Bank bazaar service through on line, as i always use to check my credit score through them, their customer care service is good, they use to response me instantly after creating any application for financial products, their mobile application is user friendly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 01, 2019
    • Bank Bazaar Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have come to know about Bankbazaar from the internet. I check my credit score regularly on Bankbazaar website. Website and mobile application are user friendly. Their customer service is ok. I have been using their services for over 3-4 months.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 01, 2019
    • Bank Bazaar Home Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I am impressed with the customer service and response. I am happy with Bankbazaar.com interms of process and the services. I have applied for a home loan and this is the first time. It was recommended by friendly since the process was simpler.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 01, 2019
    • HDFC Limited Home Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have applied for a home loan with HDFC LTD through online channel. They have explained me about the interest rate which is nominal. The documents are not submitted and they have been asking for IT returns which I don't have so could not process the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 01, 2019
    • HDFC Limited Home Loan
      "Need to reduce the rate of interest"
      0.5 2.0/5 "Expected more"
      The rate of interest was 9.2% hence am not satisfied with HDFC LTD. I have been looking for a home loan around 8.5%. The customer service is good. The processing is included and it was around 10 to 15K for the loan amount of 20L. I haven't submitted the documents and looking for the better option.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 01, 2019
    • ICICI Bank Home Loan
      "Satisfactory loan services"
      0.5 3.0/5 "Satisfactory"
      In ICICI, the interest rates are too high compared to the market. 15 years back, ICICI is the only bank who gives the loan for my requirement. They do have a partial payment and pre-closure without any charges. There are lots of process to involve in the home loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 29, 2019
    • andhra Bank Home Loan
      "Slow process"
      0.5 4.0/5 "Great!"
      I am running a home loan with Andhra Bank and it was taken 2017. The total value is 20L and the need to pay the premium for 18 years. The interest rate is good and there was no processing fee but they have charged that amount for registration fee where private bank does not charge registration fees.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 24, 2019
    • Tamilnad Mercantile Bank Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have take a home loan in TAMILNAD MERCANTILE BANK for more than one year which was applied directly to bank.The process was smooth and on time got sanctioned from bank. The amount is sufficient for the duration of 10 years. The interest rate and processing fee are nominal.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Jun 23, 2019
    • LIC Housing Home Loan
      "Very Good experience"
      0.5 4.0/5 "Great!"
      I have enquired about the home loan with different banks and since the interest rate is less, i have gone with the LIC. They have offered me a interest rate of 8.7% and they have provided me a loan within 7 days. Total tenure period of the loan is 15 years and i have been paying the EMI of Rs. 25000 every month. If they included the customer insurance it would be fine.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 22, 2019
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