Home Loans in Hyderabad

Home Loans in Hyderabad: Hyderabad is also known as the Pearl City was once the harbor for trading pearls and diamonds in India. The city is the capital of two states Andhra Pradesh and Telangana. The city bears a great and ancient heritage of dynasties that ruled over it including Qutub Shahi, Mughal Empire and the Nizams, the essence of which still lies in its remnants such as the Golconda Fort, Charminar, Qutub Shahi Tombs, Palaces, etc.
In the present day world the city can be compared to any tech-savvy metro cities in India with dominating presence of top notch organizations such as Google, Dell, Infosys, Bank of America, Delloite, Facebook, in Hi-tech city and Gachibowli areas of Hyderabad. With an exponential development the IT sector the immigrant population from all parts of the country has also increased making Hyderabad more secular place to live in.

Check Your Eligibility

About Home Loans:

Tired of your nagging land Lord or fearing the increase in the rent of your house or do you think that the rent of your accommodation is stealing away your hard earned monthly income? It’s high time that you own your own home. Life is more livable when you have the leisure of coming back to your own home without being tensed about your nagging land lords, investing in improving your own home and living peacefully accumulating and cherishing memories with your dear ones for a life time.

You can avail home loans upto Rs.10 Crores to buy your dream home in Hyderabad with interest rates ranging from 9.50% to 11.05% with longer loan tenures of 20 to 25 years and lower EMIs to pay back the loan amount. You can also choose to pre-pay or part-prepay as you wish depending on availability of floating cash.

Eligibility Criteria and documents required for Availing Home Loans in Hyderabad

Age:

You should be an Indian Resident with more than 28 upto 70 years of age for you to avail Home Loans in Hyderabad

Income:

You can avail a home loan in Hyderabad if you are a salaried as well as self employed professional with a minimum work experience of 3 years. You will stand eligible if your total monthly income along with your co-applicant is Rs. 40,000/- for a minimum property value worth Rs. 40 Lakhs.

Documents:

You can avail a home loan in Hyderabad if you are salaried as well as self employed professional and have requisite documents while filling in your application form and applying for a Home loan in Hyderabad.

For Salaried:

Latest three months salary slip

Form 16 or the Latest Income –Tax Return certificate

Last six months bank statement

Proof Age, Residential address, identity

For Self-employed:

Last three years P&L account statement and Balance Sheet of the Company and Individual duly certified by an authorized CA.

Last three years IT Return certificate of the Company and Individual or the copy of the challan with tax paid.

Last six months Bank statement of the company and Individual

Business continuity proof

Proof of age, identity and residential address proof

You can avail Home Loans in Hyderabad through various banks such as Citibank, Bajaj Finserve, Sundaram BNP Paribas Home Finance or simply logon to letzbank