Purchasing a property is a big and pricey investment. Choosing the right lender for your home loan can make all the difference. Hyderabad has a thriving real estate market.If you are overwhelmed with the thought of home loans. It will give you an idea. I will share with you a list of the best home loan providers in hyderabad.
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Which bank is best for home loan in Hyderabad?
While choosing the best home loan provider you need to think about your individual needs and circumstances.Banks offer different interest rates, loan amounts, and tenure. Compare the interest rate of all the financial isnstututions.By doing so, you can ensure that you get the best deal and a loan that suits your needs. Table given below has list of lender and integers rate up to Rs. 30 Lakh, above Rs. 30 Lakh to Rs. 75 Lakh and above Rs. 75 Lakh.
Name of Lender |
Interest rate Up to Rs. 30 Lakh |
Above Rs. 30 Lakh to Rs. 75 Lakh |
Above Rs. 75 Lakh |
SBI |
8.50% - 10.15% |
8.50% - 10.05% |
8.50% - 10.05% |
HDFC |
8.50% - 10.35% |
8.50% - 10.60% |
8.50% - 10.70% |
LIC Housing Finance |
8.60% – 10.35% |
8.60% – 10.55% |
8.60% – 10.75% |
ICICI Bank |
9.00%-9.80% |
9.00%-9.95% |
9.00%-10.05% |
Kotak Mahindra Bank |
8.85% onwards |
8.85% onwards |
8.85% onwards |
PNB Housing Finance |
8.75% - 14.50% |
8.75% - 13.00% |
8.75%-11.35% |
Punjab National Bank |
8.65%-9.60% |
8.60%-9.50% |
8.60%-9.50% |
Bank of Baroda |
9.15% - 10.65% |
9.15% - 10.65% |
9.15% - 10.90% |
Union Bank of India |
9.00% – 10.75% |
9.00% – 10.95% |
9.00% – 10.95% |
IDFC First Bank |
8.85% onwards |
8.85% onwards |
8.85% onwards |
L&T Housing Finance |
8.60% onwards |
8.60% onwards |
8.60% onwards |
Bajaj Housing Finance |
8.70% onwards |
8.70% onwards |
8.70% onwards |
Tata Capital |
9.15% onwards |
9.15% onwards |
9.15% onwards |
Federal Bank |
10.15%-10.20% |
10.20%-10.25% |
10.25%-10.30% |
According to me, the best home loan in Hyderabad is given by State Bank of India (SBI). The interest rate of SBI starts from 6.70% per annum, up to a maximum of Rs. 7.5 crore. The bank offers flexible repayment options of up to 30 years.
If you need any more help with ‘
best home loan providers in Hyderabad’.
Utilise the NoBroker EMI calculator to determine EMI for a home loan
Read more:
What is the Interest Rate on Home Loans
What are the requirements for a home loan?
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Which bank is best for home loan in Hyderabad?
Anonymous
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1 Year
2023-04-28T20:28:40+00:00 2023-05-01T10:54:33+00:00Comment
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