Home Loans in Hyderabad

Home Loans in Hyderabad – An Overview

Hyderabad is one of the country’s rapidly booming real estate markets. Amidst soaring property prices, housing loans in Hyderabad provide necessary financial assistance for investments. Up to 90% of your property’s value can be financed using a home loan. They are available at affordable interest rates and add life to your home sweet home.

Before applying for the loan, you must be well-versed with different home loan offerings, applicable interest rates and loan repayment options. In this blog, find everything related to housing finance in Hyderabad.

How to Get a Housing Loan in Hyderabad with Fast Disbursement?

Home loans in Hyderabad can be easily availed of using Urban Money’s online and in-personal loan services.

Online Applications

Urban Money offers the best home loan offers across top banks and NBFCs in Hyderabad. Loan seekers can conduct free eligibility checks, gain amortisation schedules and compare different loan offers on our intuitive website. Follow these simple steps to choose from a wide range of affordable home loans.

• Log on to www.urbanmoney.com
• Under the ‘Loans’ category, select ‘Home Loans’.
• Scroll down and select ‘Hyderabad’ as your city. 
• Choose from a wide range of home loan offers from the city’s leading lenders. 
• Click on ‘Apply now’ and fill out your loan application.

Offline Applications

Urban Money’s representatives can be contacted at our toll-free number – 1800 208 3344. Our bank agents offer customised home loan solutions as per the customers’ needs. We provide end-to-end assistance from application to document verification. Loan seekers can also contact our local branches spread across cities to access the services of more than 95 banks and NBFCs.

An offline home loan application is usually approved within 2-4 weeks.

Key Things to Remember

• Long Process: Due application and verification processes are followed before the loan amount is disbursed to home loan applicants. Since housing loans involve large amounts, banks take their time verifying the applicant and the property’s credentials.
• Genuine Documents: Last but not least, most delays in loan disbursement result from discrepancies in the documentation process. Providing the lender with correct information and genuine documents establishes the applicant’s credibility and smoothens the approval process.

Documents Required for Home Loans in Hyderabad

To ensure the availability of the best home loan rates in Hyderabad, an applicant must submit genuine documents. Some common document requirements of the leading home loan lenders are listed below:

• Properly filled loan application form
• Identity Proof: Driving License/ Aadhar Card/ Voter ID Card/ Passport
• Address Proof: Water Bills/ Electricity Bills/ Rent Agreement 
• PAN Card
• Employment Proof: Employment Letter/ previous months’ bank statements
• Income Proof: Salary Certificate/ Form 16/ Balance Sheet and P&L account/ Income Tax Returns
• Passport size photographs
• Disclosure of active investments
• Property related documents

Conclusion

With residential sales on the rise, buying a property becomes easier through home loans in Hyderabad. Lenders offer a variety of loans to cater to different housing needs. Homebuyers can counter the soaring property prices in the city through the cheapest home loans in Hyderabad. With reasonable interest rates and nominal charges on housing loans, purchasing an estate is smooth and easy.