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Find the Best Loans in Hyderabad, Telangana
Your Loan Journey, Simplified with Expert Guidance
HomeBook helps you find the perfect loan by connecting you with the best banks effortlessly.
What Is a Loan? How Does It Work?
A loan is an amount borrowed from financial institutions, banks, or a non-banking financial company (NBFC), to be repaid within a certain period of time. The payment typically consists of the original sum (known as the principal) plus interest, which is a fee levied for borrowing the money in the first place. Loans are a popular method that individuals and companies have at their disposal to access the funds they need to purchase something they may not otherwise be able to afford.
The loan is a financial tool to address any of your financial needs, such as buying a home, car, or covering education expenses, or help you meet your medical treatment expenses, and can even be used for business expansion purposes. Their terms — such as interest rates, repayment schedules, and eligibility levels — differ based on the financial profiles of both lenders and borrowers. Home Book makes this whole process easier by providing one place where users can go to look for loans from multiple banks. It allows borrowers to compare easily, which makes it easier for them to have clarity on various terms and choose the best financing they need. Home Book makes it easy to keep lending options at your fingertips so you can make smart money decisions on the go.
Types of Loans We Offer
When be it’s your ambitious new goal or an immediate expense in Hyderabad, loans can really come in handy. It’s important to know the types of loans, because loan products are often a part of an overall agenda that has been crafted by government policies. Loans are generally classified under three categories:
Home Loans
Created to purchase or construct residential properties in Hyderabad, these are secured loans where the property is mortgaged as security. They usually also lend larger sums for a longer term and can be availed to buy new homes, resale properties, or plots, or even for home improvement.
Vehicle loans
These loans are offered to help you purchase a new or used bike or car in Hyderabad, with the vehicle kept as collateral by the bank. The loan amount depends on the vehicle’s cost and your repayment capacity. It provides an easy way to own a vehicle while managing payments conveniently.
Business Loans
A Business Loan is designed to help entrepreneurs or companies establish, expand, or manage their business operations. It can be used to invest in equipment, maintain cash flow, or fund new projects. Depending on credit history and business needs, the loan may be secured or unsecured.
Mortgage Loans
A Mortgage loan is secured by real property, wherein the borrower pays back the loan in installments to purchase a property. You can use it to purchase, renovate, or refinance a home or commercial building.
Personal Loans
Unsecured loans, personal loans are versatile and can be used for things like consolidating debt, paying medical bills, or financing singular projects. Approval typically is based on your credit score and ability to repay the loan.
Education Loans
With this, one can finance the studies that include undergraduate and postgraduate studies in India and abroad. Proof of enrollment must be provided; use of funds can apply to tuition, room and board, and other collegiate expenses.
Essential Points to Keep in Mind Before Applying for a Loan
- Before you actually take a loan through HomeBook, which connects you with different banks, you should definitely think about some important things to make borrowing easy.
- You should surely check your money coming in, money going out, and the debts you owe right now. Moreover, this will help you understand your complete financial situation clearly. Your credit score itself determines your loan qualification amount and interest rates, so you should check it further before applying.
- As per HomeBook services, you can access multiple lenders and compare interest rates, repayment terms, and processing fees to find the most suitable loan.
- You should actually decide if you need a secured loan where you put down property or gold, or definitely go for an unsecured loan that has a higher interest but needs no assets.
- Basically, when you apply for a loan, reading the fine print is the same level of important as picking the right loan.
- As per education loan requirements, students should ask about repayment structure, EMI calculation, start date, loan tenure, and late payment charges. These queries help avoid surprises later.
- We are seeing that you need to keep all papers ready, like income proof, identity proof, and if taking a secured loan only, then collateral documents also.
- Borrowers must surely consider additional expenses like processing fees and insurance charges. Moreover, these extra costs can significantly increase the overall loan amount. If you follow this process further, you can find the right loan itself and pay it off without causing additional financial stress.
Loan Interest Rates of all Banks and NBFCS for 2025
| Bank/Financial Institution | Interest Rate (p.a.) | Notes |
|---|---|---|
|
State Bank of India |
7.50% onwards |
Rates starting at
7.50%. |
|
Union Bank of India |
7.45% onwards |
Starting rate of 7.45% . |
|
Canara Bank |
7.40% onwards |
Affordable rates starting at 7.40%. |
|
Bank of Baroda |
7.45% onwards |
Rates starting at 7.45%. |
|
Central Bank of India |
8.25% onwards |
Starting rate of 8.25%. |
|
Bank of India |
8.40% onwards |
Attractive rates starting at 8.40%. |
|
Bank of Maharashtra |
7.35% onwards |
One of the most affordable options. |
|
Punjab National Bank |
7.45% onwards |
Rates starting at 7.45%. |
|
HDFC Home Loans |
7.90% onwards |
Reliable with rates starting at
7.90% . |
|
ICICI BANK |
8.70% onwards |
Starting rate of 8.70%. |
|
Axis Bank |
8.35% onwards |
Offers flexibility starting at 8.35%. |
|
Kotak Mahindra Bank |
7.70% onwards |
Competitive home loan rates starting at 7.70%. |
|
IDBI Bank |
8.50% onwards |
Accessible with rates starting at 8.50%. |
|
Bandhan Bank |
9.16% onwards |
Rates starting at 9.16%. |
|
Yes Bank |
9.00% onwards |
Flexible repayment options with rates from 9.00%. |
|
HSBC Bank |
8.50% onwards |
Flexible terms with rates from 8.50%. |
|
Karur Vysya Bank |
8.75% onwards |
Rates starting at 8.75%. |
|
Punjab and Sind Bank |
8.25% onwards |
Competitive rates starting at 8.25%. |
|
IDFC First Bank |
7.95% onwards |
Rates starting at 7.95%. |
|
Jammu and Kashmir Bank |
8.75% onwards |
Competitive rates starting at 8.75%. |
|
South Indian Bank |
8.50% onwards |
Offers good options for homebuyers starting at 8.50%. |
|
Federal Bank |
8.80% onwards |
Excellent customer service with rates starting at 8.80%. |
|
Standard Chartered Bank |
8.95% onwards |
Flexible loan conditions with rates starting at 8.95%. |
|
Karnataka Bank |
8.24% onwards |
Rates starting at 8.24%. |
|
Saraswat Bank Home Loan |
8.70% onwards |
Flexibility for homebuyers starting at 8.70%. |
|
Dhanlaxmi Bank |
Contact for rates |
Contact the bank for updated details. |
|
Hudco Home Loan |
9.25% onwards |
Specific eligibility conditions with rates starting at 9.25%. |
|
LIC Housing Finance |
7.50% onwards |
Competitive rates starting at 7.50%. |
|
Sundaram Home Finance |
9.15% onwards |
Starting rate of 9.15%. |
|
Tata Capital |
8.75% onwards |
Competitive offers starting at 8.75%. |
|
Tamilnad Mercantile Bank |
8.60% onwards |
Rates starting at 8.60%. |
|
Aditya Birla Housing Finance |
8.25% onwards |
Rates starting at 8.25%. |
|
GIC Housing Finance |
8.80% onwards |
Competitive rates starting at 8.80%. |
|
Shriram Housing Finance |
9.50% onwards |
Suitable for various borrower needs with rates starting at 9.50%. |
Tips for enhancing your loan eligibility
Maintain a Good Credit Score: Your credit history is still very important. Make sure you service your existing EMIs and credit card dues regularly on time, maintain low credit utilization (try not to exceed 30% usage of the limit), and don’t apply for too many loans/credit cards within a short period. Watch your credit records for problems and work to correct them.
Make Your Income Steady: Contributing a regular income, along with employment or business-related income Data is the evidence for lenders that you’re able to repay. Consider other sources of income, such as freelancing or rental income, that might help spiff up your eligibility.
Settle the Old Debts: Clear the debts or lower as many high balances to increase your financial status. Lower liabilities reflect a strong ability to pay back and reassure the lenders. This may make it easier to be approved for a loan and on better terms.
Opt for Appropriate Loan Amount and Tenure: Avail only as much loan as is required so that it can be repaid within your capability. This may reduce your monthly EMIs; however, it increases the total interest outgo. Leverage online EMI calculators to check and identify before you apply for your loan responsibly.
Higher Down Payment: Make a higher deposit on assets like a house or auto loan, which amounts to increasing your eligibility. This reduces the loan amount required, hence the risk will also be reduced from the lender’s point of view to get favorable loan terms and lower EMIs.
Get Your Facts Straight, Apply Now With All Verified Documents: Accurate documents such as employment details, income proof, and ID proof will accelerate your paperwork and approval process without unnecessary delays.
Keep a good variety of credit: A healthy combination of credit cards, personal loans, and other lines of credit in good standing shows that you’re managing debt responsibly.
EMI CALCULATOR
Calculate your loan in a simpler way to manage your Budget
Documents Required to Apply for a Loan
Taking a loan is an important financial decision, and submitting the relevant documents is half the task while applying. Confirming Documents are correct can help speed approval, whether it’s for a personal, home, or business loan. We make your life easier by walking you through the paperwork at Homebook.
Identity Proof: Identity proof is The first set of documents essential for any loan application is the proof of your identity. Lenders must verify your identity to validate the legality of your application and that you really are who you claim to be. The following are the types of Identification cards you can submit for verification:
- Aadhaar Card
- PAN Card
- Passport
- Voter ID
- Driving License
These are your identity documents, and you need them to comply with regulations.
Address Proof: In order to confirm your current home address, you will need to furnish proof of address, which is an integral part of maintaining communication and helps the lender assess your stability. Acceptable documents include:
- Bills for utilities like power, water, and gas
- Aadhaar Card (if your address is mentioned on the Aadhaar card)
- Passport
- Ration Card
- Rent Agreement (if applicable)
Filing one means lenders can confidently contact and verify your residential status. Let me know if you want it polished more.
Income Proof: It is extremely important when applying that you prove your ability to pay back the loan. Lenders want a solid source of income that will demonstrate your ability to handle the debt. Proof of income documents submitted in the types outlined below may vary according to your employment status:
For Salaried Employees:
- Salary statements covering the previous 3 to 6 months
- Form 16 issued by your employer
- 6-month bank statements showing salary being credited as income
- Income Tax Returns (ITR), if applicable
For Self-Employed Individuals:
- Proof of filing income taxes for the last 2-3 years.
- Audited (if necessary) and 95-59 of ITO.
- GST Registration Certificate (if applicable)
- Bank Statements that reflect financial transactions during the last 6 months
These papers support the lenders in understanding your financial situation and verifying that you are willing and able to repay the loan.
Employment or Business Proof: Depending on your employment, you may need additional proof of income. The working people are required to submit some proof related to income, like a letter of employment and an ID card. However, self-employed individuals will have to submit business-related documents to prove the genuineness of their business. Examples include:
- Business Registration Documents
- GST Certificate
- Professional Qualifications (for professions like doctors, lawyers, etc.)
These additional documents enable lenders to assess the stability of your employment or business and your income
Loan-Specific Documents: Depending on the type of loan, the documents you’ll need to apply will differ. Some documents required for a home loan are: For A House Loan, What Are The Documents Needed?
- Deed of Sale Documents
- Approved Building Plans
- Builder or residential society’s NOC, if so required
Documentation is usually less onerous for personal loans, but applicants will still need to provide some proof of income and undergo an identity check.
Why Choose Us?
We offer customized home loan options that cater to your unique financial needs, ensuring flexible repayment terms and competitive interest rates.
Our streamlined application and quick approval process ensure that you get your home loan sanctioned without unnecessary delays.
Our team of experienced financial experts provides personalized assistance throughout the loan journey, from application to disbursement.
No hidden charges or complex terms – we believe in complete transparency, ensuring you know exactly what you’re signing up for.
With deep knowledge of the Hyderabad real estate market, we offer insights and advice to help you make the best home-buying decisions.
Client and Project Statistics
Loans Approved
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Happy Customers
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Our Happy Clients!
I needed a personal loan urgently, and HomeBook connected me with the right bank within hours. Their team guided me through eligibility checks and paperwork step-by-step. I felt fully supported from start to finish.
Adithya
Software Employee
HomeBook isn’t a bank, but their team works better than one! They helped me compare business loan options from different banks and find the one that perfectly fit my company’s needs. Excellent service and genuine advice.
vinodh
Business Owner
I was confused about mortgage loan terms until I spoke with HomeBook. Their unbiased guidance helped me understand my options clearly. They connected me with a trusted bank and made the process stress-free.
Karthik
Teacher
HomeBook made my home loan journey so simple! They compared offers from multiple banks and helped me choose the lowest interest rate. I didn’t have to visit multiple branches — everything was handled smoothly
Vijay
Lecturer
Buying my first car was exciting but confusing until HomeBook stepped in. They guided me through different vehicle loan options and matched me with the best bank offer. Super professional and reliable service!
Kiran
Self Employee
HomeBook helped me secure an education loan for my daughter without any confusion. They compared offers from several banks and explained each one clearly. I appreciate their honest, transparent advice.
Ranganath
Farmer
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FAQ’s
What are the general types of loans?
Loans are primarily categorized according to purpose, repayment method, and the item that is being used to secure the loan. Follow are some of the more typical types:
- In secured loans, collateral such as property (real estate) or a car is needed. Mortgages and auto loans are examples.
- Unsecured loans, such as Personal loans and credit cards, are granted without collateral – no property or other assets are required to secure the loan, just an individual’s promise to pay.
- Loans are small forms of credit issued for short periods of time, and some can be up to a year. Specific business loans: Payday loans and short-term business loans are in this category.
- They are typically longer in duration, issuing debt that’s meant to be paid back over several years and used for bigger expenses such as buying a home or paying for education.
- Fixed-rate loans have a consistent interest rate over the life of the loan, which allows predictable payments.
- Variable-rate loans have interest rates that can change with the market, which could result in varying monthly payments.
- Installment: This type of loan is repaid with scheduled monthly payments, like car loans or personal home loans.
- Revolving Loans, such as lines/credit cards, permit borrowing and the repayment to be followed by another borrowing again up to an established credit limit.
What is a loan payment?
A loan payment is actually money you pay back to the bank every month. This definitely helps you slowly clear your total loan amount. As per the loan structure, the payment includes the principal amount that reduces the remaining balance and interest regarding borrowing charges. We are seeing that loan payments are mostly made every month only, but this can change based on the loan rules, and the payment amount depends only on how much money you borrowed, the interest rate, and how long you take to pay back.
How to apply for a loan?
Before you apply for any loan, you must identify which type of loan you need and how much money you want to borrow. Moreover, this step is essential for making the right financial decision. Basically, you should check different banks and lenders to get the same loan with better interest rates and terms. Basically, you need to prepare the same essential documents, like ID proof, income proof, and credit records. Once everything is actually ready, you can definitely submit your application online or in person, and then you will need to wait for the lender’s response.
How to reduce your total loan cost?
We are seeing that borrowing only the needed amount and choosing the shortest time to pay back keeps loan costs low for your budget. Also, this approach further reduces the interest charges themselves. You should actually check different banks to find the best loan rates. This will definitely help you get cheaper money for your needs. You should actually make extra payments when possible to definitely reduce your loan amount faster. Also, we are seeing that a good credit score only helps you get better loan deals from banks. You should surely read the terms carefully and pay on time to avoid extra charges. Moreover, timely payment will prevent unnecessary penalties from being imposed.
What is the difference between a loan term and loan amortization?
A loan term is the duration of time during which a borrower must repay a loan. It establishes a maturity date and dictates the amount of the monthly payment. You make bigger payments with short-term loans, but you pay less in total interest.
The Loan Amortization process in which a loan is repaid by making regular scheduled payments that consist of both principal and interest. The payment will at first help pay off the interest, but over time, more is applied to the principal. Amortization charts detail payment distribution over the course of a loan.