| Banks / NBFCs | Interest Rates | Tenure | Processing Fees |
| HDFC Bank | Starting 9.40% & Above | Maximum 15 years | 0.50% |
| ICICI Bank | Starting 9.40% & Above | Maximum 15 years | 0.75% |
| Kotak Mahindra Bank | Starting 9.40% & Above | Maximum 15 years | 0.50% |
| Axis Bank | Starting 9.40% & Above | Maximum 15 years | 0.50% |
| IDFC Bank | Starting 9.40% & Above | Maximum 20 years | 1% |
| Standard Chartered Bank | Starting 9.40% & Above | Maximum 15 years | 0.50% |
| Deutsche Bank | Starting 9.40% & Above | Maximum 15 years | 0.75% |
| Bajaj Finance | Starting 9.75% & Above | Maximum 15 years | 1% |
| L&T Finance | Starting 9.75% & Above | Maximum 15 years | 1% |
| India Bulls | Starting 10.5% & Above | Maximum 15 years | 1% |
| RBL Bank | Starting 9.50% & Above | Maximum 15 years | 1% |
| Hero Fincorp | Starting 11% & Above | Maximum 15 years | 1% |
| HDB Finance | Starting 9.75% & Above | Maximum 15 years | 1% |
| HSBC | Starting 9.5% & Above | Maximum 15 years | 0.50% |
| Shinhan Bank | Starting 9.10% & Above | Maximum 15 years | 0.50% |
| AU Small Finance Bank | Starting 10% & Above | Maximum 15 years | 1% |
Hyderabad, the capital of Telangana in South India, also holds the de jure status as the capital of Andhra Pradesh. Spanning 650 square kilometres, the city houses a population of 6.7 million.
Renowned for its rich history and flavorful cuisine, Hyderabad was historically a major centre for pearl and diamond trade, earning it the enduring moniker “City of Pearls.” With iconic landmarks like Charminar, a tribute to plague victims, and Golconda Fort, witness to dynastic history, Hyderabad is a cultural and historical treasure.
Economy of Hyderabad
Hyderabad has transformed into a significant economic centre in recent times. The city boasts the highest number of special economic zones in the nation. Key sectors driving Hyderabad’s economic prowess include Tourism, Biopharmaceuticals, Retail & Real Estate, Electronics, and Information Technology.
The city’s sustained market growth positions it as a primary contributor to both Hyderabad’s GDP and state tax revenue. Acknowledged as a hi-tech city, Hyderabad’s substantial presence of IT companies cements its role as a major player in the technology sector.
Features & Benefits of Loan Against Property
1. Mortgage loan amount:
You could get anywhere from INR 30 lakh to INR 100 crore, depending on how much your property is worth and other things that make you eligible.
2. Low-Interest Rate:
Get the best deal on interest rates with OneNDF Loans, so you can easily afford and efficiently finance your property.
3. Loan-to-Value Ratio:
You can get a Loan-to-Value (LTV) Ratio of up to 75% of your property’s value, giving you enough money to meet your goals and allowing you to borrow more based on your property’s worth.
4. Hassle-free Documentation:
Make the loan application process easier with OneNDF Loans, as we guarantee hassle-free paperwork for your convenience.
5. Tenure:
The LAP repayment period can be as long as 15 years, making it easier for borrowers to comfortably pay off their EMIs.
6. Easy Repayment & Longer Tenure:
Get flexible repayment options and a longer loan duration with OneNDF Loans, making it easier for you to manage your finances.
Also Read: Benefits of Loan Against Property
Loan Against Property EMI Calculator
Eligibility Criteria for Loan Against Property
To avail of a Loan Against Property in Hyderabad, the borrower must fulfil the following eligibility criteria:
| Particulars | Requirement |
| Citizenship | The applicant must hold an Indian citizenship. |
| Age | The borrower must be at least 25 years old, and the maximum age must not be more than 75 years old at the time of loan maturity. |
| Nature of work for salaried applicants | Salaried Employee of an MNC, public sector or private sector with stable income |
| Business Vintage for self- applicant | The business must be at least 3 years old if applicable |
| Credit Score | Both the promoter and the business must have a good credit score of more than 700. The credit score of co-applicants is also checked wherever applicable. The credit score has a crucial role to play in determining the creditworthiness of the borrower. It determines the limit of the lender’s credit exposure based on the repayment history of the business. |
Documents Required to Apply for a Loan Against Property
The documents required for a Loan Against Property in Hyderabad may vary. However, the following documents are usually sought by banks and NBFCs for a Loan Against Property in Hyderabad:
- Application form with a recent photograph
- Passport copy, voter ID card, driver’s license, PAN card or any other proof of identity.
- Address proof as such passport, utility bills, driving license etc.
- Age proof as such bank statement, bank passbook, or other certificate from a statutory authority.
- Bank statement of last 6 months or last 6 months’ salary slips.
- Form 16
- Income tax returns of last 3 years
- Processing fee cheque
Additional documents for self-employed and SMEs for Loan Against Property
- For self-employed: CA attested income statements and other financials of past 2 years.
- For SMEs: last 2 years financial audited.
Also Read: Detailed List of documents required for loan against property
Interest rates on Loan Against Property
The interest rates on a Loan Against Property in Hyderabad can vary from lender to lender. However, here is an overview of the interest rates and charges on various types of Loan Against Property in Hyderabad:
| Fees & Charges | Amount Chargeable |
| Interest Rate | Starting from 9.10% P.A. |
| Loan Amount | Starting 30 Lacs and upto 100 Cr |
| Loan Processing Charges | Minimum Processing fee is 1%+ GST |
| Foreclosure Charges | Pre-Payment is not allowed within 12 months of loan sanction After 12 months, pre-payment charges will be applicable as described in the sanction letter |
How to apply for a Loan Against Property in Hyderabad through OneNDF
The process of applying for a Loan Against Property in Hyderabad may differ based on the type of Loan Against Property availed.
OneNDF streamlines this process by allowing individuals to apply for Loan Against Property online and match with lenders according to their unique Loan Against Property requirements:
- Open the official website of OneNDF and SIGN UP.
- You can register by entering your mobile number and clicking on ‘Next’.
- You would receive an OTP, through which you can authenticate your identity.
- Once authenticated with OTP, you can upload your documents and apply for a Loan Against Property at attractive interest rates as per your requirements.
- Once the loan application form is submitted, the platform connects you with the best lender available as per your requirements. It helps you get a Loan Against Property at a competitive interest rate.
FAQs
What is the maximum loan amount I can get in Hyderabad?
The maximum loan amount for Loan Against Property (LAP) in Hyderabad depends on your property value and other eligibility factors. It can range from ₹30 lakh to ₹100 crore, with a Loan-to-Value (LTV) ratio of up to 75%.
What are the eligibility criteria for a LAP in Hyderabad?
You must be an Indian citizen, aged 25-75 years (at loan maturity), with a good credit score (above 700). Other criteria include stable income and business vintage (if applicable).
What are some alternative financing options to LAP in Hyderabad?
Alternatives include personal loans, business loans, or secured credit cards. However, LAP often offers lower interest rates due to the property collateral.
What are the benefits of using OneNDF for availing loans against property in Hyderabad?
OneNDF offers competitive interest rates, hassle-free documentation, flexible repayment options, and quick processing. The company also has a strong presence in Hyderabad.
What documents are required for a Loan against property in Hyderabad?
Common documents include application form, ID proof, address proof, bank statements, income tax returns, and property documents. Additional documents may be required for self-employed individuals and businesses.
