Home Loans in Hyderabad - Check Eligibility and Benefits

Home Loans in Hyderabad

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home loans in Hyderabad

Hyderabad is both the de facto capital of Andhra Pradesh and the state capital of Telangana, an Indian state. Hyderabad is the fifth-largest urban economy in India with an output of US$74 billion. Hyderabad has continued to grow at a steady rate thanks in large part to the Telangana government’s optimistic view on aggressive infrastructure development, including elevated corridors, vital road networks, and therefore the Metro Rail. In Hyderabad, there are numerous financial institutions, including both banks and non-banking financial organizations. Fortunately, you may use finance from HomeFirst in the form of an affordable home loans in Hyderabad to purchase an apartment with the features you want.

The cost of homes has, quite predictably, climbed along with rising housing demand and space needs. According to one report, housing costs in the city have increased by about 30%. This calls for the requirement of home loans in Hyderabad.

Features of Home Loan in Hyderabad

Following are the features of Home Loan in Hyderabad:

Lack of Income Proof

We don’t need to see proof of your income if you’re self-employed or receiving an informal salary.

Loan Amount Maximum

For a house loan with a period of up to 25 years, a maximum loan to value of 90% may be offered.


With the use of this function, existing clients can make pre-payments in addition to EMIs without paying a fee.

Loan improvement

Have an unforeseen cost, or has the value of the property increased? Don’t worry; we will increase your existing loan by the additional sum.

Eligibility of Home Loans 

Home Loan eligibility refers to how much money you’ll get to buy a house and whether you’ll be approved for a loan. Certain factors, such as the applicant’s age, income, type of employment and property, credit score, and many others, must be considered to determine your home loan eligibility.

Loan eligibility is determined by several factors, including:

  • Income Age Employment Situation
  • Annual Increase
  • Credit Rating
  • Income Security
  • Property Specifics
  • Loans Outstanding
  • Collateral Security for Residency Status

Home Loan Documents Required

For applicants who are salaried

  • KYC records: PAN card, voter ID, passport, Aadhaar card, and driver’s licence
  • Income Evidence: last three months’ worth of pay stubs, bank statement with salary credits for the previous six months ITR/Form-16
  • A letter of appointment or an employment contract if the position is newer than a year.
  • A bank document that details debt repayments
  • Own proof of contribution
  • Property records
  • Cheque for processing fees

Additional Documents for Self-Employed Applicants

  • Recent Form 26AS
  • Recent Form 26AS
  • Statement of a person’s savings for the last six months
  • Description of the business Memorandum and Articles of Association
  • Business entity’s most recent financial statement
  • Statements of profit and loss for the last three years and the balance sheet

Types of Home Loans in Hyderabad:

There are many various kinds of home loans available, but the following are some of the most popular ones:

Loan for brand-new or used goods

It can be used by someone who wants to purchase a new or used property. The most popular loan type is this one. Either fixed or floating interest rates are available.

Loan for building a property

It can be used by a person if they want to build a home rather than buy one that has already been built. The price of the land parcel being used will also be taken into account when approving the loan.

Loan to expand a property

Can be utilised by someone who wants to enlarge their property.

Loan for refurbishment or house improvement

Available to anyone wishing to modify or renovate their home.

Lending to NRIs

It can be used by Indians who are not residents to buy property in India.

Loan Against Property

A loan against property is a secured loan obtained against real estate, either residential or commercial, held as security by the lender.

A home loan applicant may also take use of additional services including home loan top-ups and debt transfers. The financial assistance provided by banks and other financial institutions to obtain a home loan in addition to their primary loan is known as home loan top-up. Home loan balance transfers enable borrowers to transfer their loans from one financial institution to another in order to benefit from the second institution’s advantages.

How to Apply Online for Home Loans in Hyderabad

  • Complete the application form
  • Document verification
  • Background investigation
  • How to Get Your Credit Report
  • Pay the processing fee.
  • Assessment of repayment capacity
  • Property document processing
  • Disbursements of Loans

Contact Us

Hyderabad LB Nagar:

Second Floor D NO – 11-13-194-1-C2

Plot No 1/1 and 1/1/A Survey No 8

Margadarshi Colony road RK Puram

X road Kothapet Saroor Nagar

Mandal RR District Hyderabad – 500035

Hyderabad Miyapur:


Part of Fourth Floor,

Dharma Reddy Phase 2,


Kukatpally 500072


Office No 405-406, Navketan Complex,

Opp. Clock Tower, SD Road,

Secunderabad – 500003



Hyderabad: Attarpur

3rd floor, AGRR Arcade,

Opp PVNR Express Way Pillar No 127,

Plot-4, Attapur Main Rd,

Hyderabad, Telangana 50004

For new inquiries, call at +91-8880649911

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Your home loan will be processed in 2 steps:

  1. You receive the approval of your home loan.
  2. You sign the loan agreement papers and complete other necessary documentation. The loan amount is thereafter paid directly to the builder by Home First Finance Company.

Loan decisions are made in less than a week. You will receive an SMS on your registered mobile number as soon as we make a decision.

HomeFirst does not charge any prepayment fees. This applies to both partial and full repayments. In fact, we have a special Auto-Prepay feature to facilitate this process for you.

HomeFirst offers loan tenures between 1 year to 25 years. If you opt for a longer tenure, you can get the advantage of a lower EMI each month.

HomeFirst can provide finance up to 90% of the property value. The balance has to be arranged by you from other sources. Please note: 90% financing is only available for loans amounting to less than Rs. 30 lakhs.

All co-owners of the property have to be co-applicants to the loan. A person who is not a co-owner can also become a co-applicant to the loan.

During the construction phase, HomeFirst will disburse funds to the builder on your behalf. These will be based on payment requests made by the builder as per the construction schedule.

HomeFirst will charge interest only on the amount disbursed as loan during the construction phase. In this period, interest is charged only on the disbursed loan amount. For example, if you have a sanctioned loan of Rs 10 lakhs, but the property is under construction and we have disbursed only Rs 4 lakhs, you will be charged interest only on 4 lakhs. These interest payments are referred to as pre-EMI interest payments.

EMI payments will start only after completion of the project and registration of the property.

All cheques to HomeFirst should be written out in favor of ‘Home First Finance Company India Limited’.

In the event of an unfortunate incident, home loan insurance will help you or your family pay off the home loan. This ensures that the burden does not suddenly fall upon family members at a bad time.

Send us your resume on careers@homefirstindia.com with the position you are applying for in the subject line.