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State Bank of Hyderabad Home Loans

If you are looking for an ideal financial solution for purchasing your dream home, State Bank of Hyderabad can offer the right solution for your needs. State Bank of Hyderabad home loans have been innovatively designed to meet varied needs of the home buyers in India.

About State Bank of Hyderabad home loans

State Bank of Hyderabad home loans have become popular because of the flexible repayment terms and convenient interest rates. More and more borrowers in India are resorting to State Bank of Hyderabad home loans as a preferred home buying solution. Given below are some important details that will help you make a knowledgeable decision regarding State Bank of Hyderabad home loans:

Purpose of State Bank of Hyderabad home loans

You can take out and use a State Bank of Hyderabad home loan for any the following purposes such as constructing, purchasing, renovating and buying plots for building residential units, fittings and consumer durables (10% of the estimated project cost or Rs.3.00 lakhs whichever is lower).

Eligibility criteria for State Bank of Hyderabad home loans

Individuals who are more than 21 years of age and below 70 years of age can qualify for home loans offered by State Bank of Hyderabad.

Quantum of finance

In case of employees who fall under the category of more than 21 years and up to 45 years of age, the maximum amount of loan they can avail is 60 times the net monthly income (NMI), excluding all deductions comprising precise monthly TDS and loan repayments. Income of the spouse may also be taken into consideration.

In case of employees more than 45 years of age, the maximum amount of loan they can avail is 48 times their net monthly income, (excluding all deductions comprising precise monthly TDS and loan repayments). Income of the spouse may also be taken into consideration.

Probable rent receivables minus taxes for flat/house being bought which is intended to be let out may be summed up for working out the eligibility limit.

In case of quantum of finance, settlement of investment received during the past 12 months and depreciation clubbed together for figuring out Net Yearly Income for ascertaining loan eligibility for proprietary firms are also taken into account.



State Bank of Hyderabad also offers housing finance schemes for purchasing old houses, which is not older than 15 years.

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