As Hyderabad continues to grow as a hub for IT, education, and healthcare, the demand for housing in the city has skyrocketed. For many, taking a home loan is the most practical way to finance their dream home. However, with so many banks offering home loans with varying interest rates, tenures, and features, it can be difficult to determine which one is the best fit for your needs. To make your decision easier, we’ve researched and identified the top 5 banks in Hyderabad that provide the most attractive home loan options.
From low interest rates to hassle-free documentation and quick approvals, these banks have earned a reputation for helping homebuyers achieve their goals.
Compare Home Loan Interest Rates for the Best Banks in Hyderabad
Comparing home loan interest rates from leading banks helps you identify affordable financing options. Get a clearer view of each lender’s terms and choose the best home loan that matches your budget and financial goals.
| Bank | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
|---|---|---|---|
| SBI Bank | 8.50% p.a. onwards | 8.5% p.a. onwards | 8.50% p.a. onwards |
| HDFC Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Bank Of Baroda | 8.40% – 10.65% p.a. | 8.40% – 10.65% p.a. | 8.40% – 10.90% p.a. |
| Bank of India | 8.40% p.a onwards | 8.40% p.a onwards | 8.40% p.a onwards |
Best Banks for Home Loans in Hyderabad
Explore the best banks for home loans in Hyderabad, known for their competitive rates and tailored financial solutions. These industry leaders offer flexible repayment options and exceptional customer service to support your journey to homeownership.
State Bank of India (SBI) Home Loan
- Processing Fees: 0.35% of the loan amount + GST (₹2,000 – ₹10,000)
- Documents Required: Identity proof, property documents, and income proof.
Types of Home Loans Offered:
- SBI General Home Loan: For ready-built, under-construction, and pre-owned properties.
- SBI Flexipay Home Loan: Enhanced eligibility with step-up EMIs and an interest-only moratorium for salaried borrowers.
- SBI NRI Home Loans: For NRIs with competitive rates and streamlined documentation.
- SBI Privilege Home Loan: Special loan for government employees with salary-deduction interest concessions.
- SBI Shaurya Home Loan: Lower rates and flexible tenures designed for defence (army) personnel.
- SBI Pre Approved Home Loan: Pre-sanctioned limits based on income for confident negotiations.
- SBI Realty – Plot Loan: For plot purchase and construction, with a three-year completion requirement.
- SBI Home Loan Top Up: Grants additional funds to existing customers at competitive rates.
- SBI YONO Insta Home Top Up: Fully digital top-up loan on YONO with swift, hassle-free processing.
- SBI Home Loan to Non-Salaried Interest Rates: Financing for self-employed borrowers for varied home needs.
- SBI Tribal Plus Home Loan Interest Rates: Home loans for hilly/tribal residents without needing a land mortgage.
- SBI CRE Home Loan Interest Rates: Enables extra residential loans for owners with multiple properties.
- SBI Maxgain: Overdraft-based home loan with drawing power reduced through EMI principal payments.
- SBI Reverse Mortgage: Provides seniors with a regular income stream by mortgaging their property.
Additional Resources about SBI Home Loan:
- SBI Home Loan for Women
- SBI Home Loan Interest Rates
- SBI Home Loan Eligibility Checklist
- SBI Home Loan Application Status
- Documents Required for for SBI Home Loan
- CIBIL Score for SBI Home Loans
- SBI Home Loan Insurance
- SBI NRI Home Loan Interest Rate
- SBI Home Loan Top- Up
- SBI Home Renovation Loan
- SBI vs HDFC
- SBI Home Loan Customer Care
- SBI Home Loan EMI Calculator
- SBI Home Loan Eligibility Calculator
- SBI Home Loan Prepayment Calculator
- SBI Home Loan Interest Certificate
- SBI Sampoorn Surakhsa
HDFC Bank Home Loan
- Processing Fees: Upto 1.50% of the loan amount
- Prepayment Charges: 2% of the outstanding amount + taxes
Types of Home Loans Offered:
- HDFC Home Loan: Customized financing for ready-built, under-construction, and pre-owned properties.
- HDFC Plot Loan: Supports land purchase to help you build a home.
- HDFC Rural Housing Loans: Simplifies homeownership in rural or urban settings with tailored solutions.
- HDFC Loan Against Property: Unlocks your property’s value to finance various personal or business needs.
- HDFC Home Loan Balance Transfer: Streamlines the process of reducing monthly EMIs by transferring your loan.
- HDFC Home Renovation Loan: Empowers you to upgrade and transform your living space.
- HDFC Home Loan Top-Up: Provides additional funds to support your evolving financial goals.
Explore More About HDFC Home Loans:
- HDFC Home Loan Top Up Interest Rates
- Minimum CIBIL Score Required for HDFC Home Loan
- HDFC Home Loan Statement
- HDFC Home Loan Eligibility Criteria
- HDFC Home Loan Customer Care
- Top 5 HDFC Approved Properties in Bangalore
- HDFC Home Loan Prepayment Calculator
- HDFC Home Loan Prepayment Online
- HDFC Home Loan EMI Calculator
- HDFC Home Loan Documents: A Complete List
- HDFC vs SBI
- HDFC Home Renovation Loan Interest Rates
- HDFC Home Loan For Corporate Employees
- HDFC Home Loan Balance Transfer to SBI
- HDFC Loan Against Property Interest Rates
- HDFC Home Loan Income Tax Certificate
ICICI Bank Home Loan
- Processing Fees: Up to 2.00% of the loan amount
- Prepayment Charges: 2% of the amount prepaid + taxes
Types of Home Loans Offered:
- ICICI NRI Home Loan: Streamlined financing for NRIs looking to purchase property in India, with efficient documentation and competitive terms.
- ICICI Home Loan Balance Transfer: Enables switching existing home loans to ICICI, potentially lowering interest costs and monthly payments.
- ICICI Land Loan: Facilitates land acquisition for residential construction or investment with attractive financing options.
Further Reading on ICICI Bank Home Loans:
- ICICI Home Loan Interest Rates
- Home loan eligibility checklist for ICICI
- ICICI Bank Home Loan EMI Calculator
- ICICI Bank Home Loan Transfer Charges
- ICICI Home Loan Income Tax Certificate
- ICICI Bank Home Loan Customer Care
- Documents Required for an ICICI Bank Home Loan
- ICICI Bank Home Loan Application Status
- ICICI Bank Home Loan Statement Online
- ICICI Bank Home Loan Eligibility Calculator
- ICICI Bank Plot Loan Interest Rates
Bank of India Home Loan
- Processing Fees: 0.25% of Loan amount
- Prepayment Charges: 0.65% of the outstanding loan amount (fixed interest rates)
Types of Home Loans Offered:
- BOI Star Home Loan – A flexible home loan with competitive rates, OD facility, and step-up/down EMI options.
- BOI Star Diamond Home Loan – Premium home loan for HNIs purchasing high-value properties in metro cities.
- BOI Star Smart Home Loan – Ideal for salary account holders and new/existing BOI customers looking to buy and construct homes.
- BOI Star Pravasi Home Loan – Tailored for NRIs to purchase, construct, or renovate residential properties in India.
- BOI Star Top Up Loan – Additional financing for existing home loan borrowers with quick processing.
- BOI Star Home Loan – Furnishing – Home improvement loan with waived mortgage up to ₹5 lakh.
Further Information on Bank of India Home Loans:
- Bank of India Home Loan Eligibility Calculator
- Bank of India Customer Care Number
- Bank Of India (BOI) Home Loan Statement
- Bank of India Home Loan Required Documents
- Bank of India Home Loan EMI Calculator
- Bank Of India Star Diamond Home Loan
Bank of Baroda Home Loan
- Processing Fees: 100% waiver
- Prepayment Charges:
- If Prepaid within 3 years: 2% Penalty on Amount Prepaid
- If Prepaid/Foreclosed after 3 years: NIL
Types of Home Loans Offered:
- BOB Home Loan – A flexible home loan with competitive rates, zero prepayment charges, and special concessions for women and young borrowers.
- BOB Home Loan Take Over – A home loan balance transfer option with exclusive benefits like free credit card and optional life insurance.
- BOB Pre-Approved Home Loan – Get in-principle approval for your home loan even before finalizing your property.
- Baroda Home Suvidha Personal Loan – Covers additional home-buying expenses like registration, GST, stamp duty, and insurance.
- Baroda Max Savings Home Loan – Links your home loan to a savings account, reducing interest payments based on your balance.
- Bank of Baroda Home Improvement Loan – Provides funds for home renovations, repairs, and modern upgrades with minimal paperwork.
- Bank of Baroda Top Up Loan – An additional loan facility for existing home loan borrowers to meet various financial needs.
- Bank of Baroda Home Loan to Corporates / Non-Individuals – Special home loans for companies and LLPs to purchase residential units for employees.
Further Information on Bank of Baroda Home Loans:
- Bank of Baroda Home Loan Customer Care
- Bank of Baroda Loan Against Property Interest Rates
- Bank of Baroda Home Loan Application
- Bank of Baroda Home Loan Documents
- Bank of Baroda Home Loan Eligibility Calculator
- Bank Of Baroda BOB Home Loan EMI Calculator
How to Compare Home Loans in Hyderabad?
| Parameter | Description | Importance |
|---|---|---|
| Interest Rate | Compare fixed vs. floating rates. Even a 0.25% difference can save lakhs over time. | Directly impacts total repayment. |
| Processing Fees | Upfront charges (0.5–1% of loan amount). Negotiate or look for waivers. | Adds to initial costs. |
| Loan Tenure | Longer tenure reduces EMI but increases interest paid. Max 30 years. | Balances affordability vs. total cost. |
| Prepayment/Foreclosure | Check penalties (2–5% for floating-rate loans). Avoid lenders charging prepayment fees. | Saves money if repaying early. |
| Down Payment | Typically 10–20% of property value. Higher down payment reduces loan burden. | Affects loan eligibility and EMI. |
| Eligibility | Age (23–70 years), income, credit score (750+), employment stability. | Determines loan approval. |
| Additional Benefits | Balance transfer options, top-up loans, or discounts for women borrowers. | Flexibility for future needs. |
| Turnaround Time | Time taken for approval and disbursal (7–30 days). Faster processes help in competitive markets. | Critical for time-bound property deals. |
| Hidden Charges | Legal fees, administrative costs, or stamp duty (varies by Hyderabad circle rate). | Avoid unexpected expenses. |
How to Choose the Right Home Loan in Hyderabad?
- Research and compare interest rates from various banks and NBFCs.
- Choose a repayment period that aligns with your financial goals.
- Check for hidden fees and charges.
- Ensure you meet the income, credit score, and documentation requirements.
- Look for flexible prepayment and foreclosure policies.
- Calculate monthly installments to ensure they fit your budget.
Secure the Best Home Loan in Hyderabad with Credit Dharma
Buying a home is a big step. Getting a home loan can be hard, but we make it easy. Choosing Credit Dharma for your home loan simplifies this process. We offer expert advice and personalized assistance to make everything hassle-free. You’ll receive timely updates on your loan application and disbursement progress.
From the initial application to the final disbursement, we provide comprehensive support. Enjoy clear and honest communication at every stage, with no hidden surprises.
Frequently Asked Questions
As of now, home loan interest rates in Hyderabad start at approximately 8.50% per annum. However, rates may vary based on the lender and the applicant’s profile.
The minimum monthly salary required is typically ₹15,000. This criterion can vary among different banks and financial institutions.
Yes, lenders may impose charges such as processing fees, documentation fees, prepayment penalties, and legal fees. It’s advisable to consult with the specific lender for detailed information.
Borrowers can claim tax deductions on both the principal and interest components of the home loan under sections 80C and 24(b) of the Income Tax Act, respectively.
Yes, many banks and NBFCs in Hyderabad offer home loans to NRIs wishing to purchase residential property in India.
Various home loans are available, including home purchase loans, home construction loans, home improvement loans, and home extension loans.
Eligibility is primarily based on factors such as income, age, employment stability, credit history, and existing financial obligations.
Home loan tenures can extend up to 30 years, depending on the lender’s policies and the borrower’s eligibility.
Yes, most lenders allow prepayment or foreclosure of home loans. However, some may levy prepayment charges, especially for fixed-rate loans.
Commonly required documents include identity proof, address proof, income proof (such as salary slips or IT returns), bank statements, property documents, and photographs. Specific requirements may vary by lender.
HDFC Home Loan
SBI Home Loan
