A few months back, I was in a dilemma about which bank to choose for a home loan. To come out of this, I called my uncle and asked him about the best bank for home loan in Hyderabad. He told me about a few banks, some of which are already listed in the answer provided by Shefali. Here are the rest.
What are the Best Home Loan Providers in Hyderabad?
Name of Bank | Home Loan Interest Rate |
SBI |
9.15% - 9.55% |
HDFC |
9.40% to 9.95% |
LIC Housing Finance |
8.50% onwards |
Kotak Mahindra Bank |
8.70% onwards |
Punjab National Bank |
8.40% onwards |
IDFC First Bank |
8.85% onwards |
Axis Bank |
8.75% onwards |
Federal Bank |
8.80% onwards |
And this is what my uncle told me about the best home loan bank in Hyderabad. He also told me about the eligibility criteria for home loans in Hyderabad. These are
Applicants should be Indian residents.
Age should be between 21 to 70 years.
The credit score should be 750 or above for availing home loans at low interest.
This is everything that he told me about the best bank for home loan in Hyderabad. Hope this helps.
Avail Lowest Interest Rates on Home Loans through NoBroker Home Loan Services Read MoreWhat is Lowest Home Loan Interest Rate in Hyderabad?
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Purchasing a home in Hyderabad was an ultimate goal of mine. It involves long-term savings, and selecting the best home loan provider. I researched which is the best bank for home loan in Hyderabad before applying for one. I found that it completely depends on your criteria. However, interest rates, processing fees, loan options, and customer service are important factors that must be taken into account before choosing a bank.
Which is the Best Home Loan Bank in Hyderabad?
It seems that different people have different criteria when it comes to choose a bank. Some people might want the lowest interest rate while others would consider it acceptable for the services. However, I have mentioned the top 5 banks below that I shortlisted before applying for my home loan.
Lender Name | Interest Rate | Processing Fees |
---|---|---|
SBI Regular Home Loan |
9.15% p.a. to 9.75% p.a. |
0.35% of the loan amount + GST |
HDFC Bank Home Loan |
8.50% p.a. to 9.15% p.a. |
Up to 1% of the loan amount |
PNB Housing Finance Limited |
8.50% p.a. to 11.05% p.a. |
1% of the loan amount + GST |
Bank of Baroda Home Loan |
8.40% p.a. onwards |
Starts at 0.35% of the loan amount |
ICICI Bank Home Loan |
8.75% p.a. onwards |
0.50% to 2.00% of the loan amount |
I conducted a thorough analysis and determined that SBI Bank was the best option in Hyderabad for a house loan. This is because of their appealing and reasonable home loan interest rates.
You can find multiple home loan providers and compare their interest rates directly from the below link:
Get home loans without hefty paperwork through NoBrokerI hope this answer helps you to understand the best home loan providers in Hyderabad.
Read more -Which Bank Gives 90 Percent Home Loan in India?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & DeliveryIntercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Which is the Best Bank for Home Loan in Hyderabad?
Deenpal
75Views
10 months
2024-01-25T10:54:42+00:00 2024-08-06T14:59:24+00:00Comment
2 Answers
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