Home Loan in Hyderabad

Apply for a Home Loan in Hyderabad to enjoy attractive interest rates with flexible EMI Options

Housing Loan in Hyderabad

Do you wish to call the Charminar city of India your new home but are confused as to how you can arrange for funds? A home loan in Hyderabad with Navi at attractive interest rates with flexible repayment tenure can certainly help.

With Navi, you can apply for a housing loan in Hyderabad from the comfort of your home. The entire process is 100% paperless. All you have to do is download the Navi app and fill in your personal and employment details. After the successful completion of KYC verification, your home loan will be approved.

An important centre for the IT industry, Hyderabad is a perfect blend of history and technology. Home to the Charminar and Golconda fort, the city of Hyderabad has a unique charm that is a blend of culture and innovation. Living in Hyderabad would open you up to a range of career opportunities, and it is also the perfect place to stay for someone who loves the traditions and cuisines of this old city.

Home Loan in Hyderabad Details

Navi offers one of the lowest home loan interest rates in Hyderabad. Enjoy flexible repayment tenure of up to 30 years and pay according to your repayment capacity. Here are the details of Navi Home Loan:
Loan AmountUp to ₹5 Crore
Loan TenureUp to 30 Years
Interest Rate7.89%
Processing FeeNil

Home Loan in Hyderabad - Features and Benefits

Navi is one of the best home loan finance companies in Hyderabad. Here are its features and benefits:
Navi offers home loans of up to ₹5 crore
No heavy paperwork needed. Just download the Navi app and apply
Navi charges no processing fee on home loans. You will get the exact loan amount
Navi offers home loans at attractive interest rates starting from 7.39% p.a.
Enjoy flexible EMI options with a loan repayment tenure of up to 30 years
Navi does not mandate buying home loan insurance.

Home Loan in Hyderabad - Features and Benefits

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Home Loan Interest Rate in Hyderabad With Other Charges

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Home Loan Interest Rate in Hyderabad With Other Charges

With Navi, you can get home loans at attractive interest rates. It can be an excellent option for home buyers as there are no hidden charges.
Navi home loans come at attractive interest rates, starting from 7.89% p.a.
Navi does not charge any processing fees on home loans. You will get the full loan amount
Prepay your loan at your convenience as Navi doesn’t charge any foreclosure fee

Home Loan EMI Calculator

Availing a home loan in Hyderabad is simple with Navi. However, planning your EMIs in advance will help plan your financial obligations efficiently. You can calculate the EMI both manually and with the help of a calculator. The Navi Home Loan EMI Calculator lets you get an EMI estimate in seconds. Just enter the loan amount, repayment tenure and interest rate. The online EMI calculator will display the monthly repayment amount in seconds.

The formula for calculating
EMIs manually is as follows:

EMI = P x R x (1+R)^N / [(1+R)^N-1]

In this formula, P stands for principal, R denotes the monthly interest rate divided by 100, and N indicates loan tenure in months.

Where, P = Principal loan amount, N = Loan tenure in months, R = Monthly interest rate

The rate of interest on your home loan is calculated monthly.

For instance, if you take a home loan of ₹35 lakh at 7.39% p.a. for 20 years, the monthly EMI would be:

EMI = ₹ {3500000 x 0.00615 x (1 + 0.00615)^240} / {(1 + 0.00615)^240-1} = ₹27,961

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Rate of Interest (P.a)

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Loan Tenure (Years)

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Monthly EMI

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How to Apply for Home Loan in Hyderabad

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How to Apply for Home Loan in Hyderabad

You can apply for a home loan in Hyderabad on the Navi app by following a few easy steps:
Download and instal the Navi app from the Play Store or App Store
Enter your name, date of birth and email
Enter your employment details such as monthly salary, company name, PAN card, etc.
Select the city you live in
Complete your KYC verification with PAN, Aadhaar and bank statement
Get provisional loan sanction letter

Housing Loan Eligibility in Hyderabad

Any Indian resident is eligible for a home loan in Hyderabad with Navi
Any individual between the age of 25 and 62 years is eligible to apply for a home loan
Any self-employed or salaried individual can apply

Housing Loan Eligibility in Hyderabad

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Documents Required for Home Loan in Hyderabad

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Documents Required for Home Loan in Hyderabad

Navi offers home loans with minimal documentation. To complete the KYC verification, provide the following documents:

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Enjoy attractive interest rates starting at 7.89% p.a. with flexible EMI options.

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Frequently asked questions

As lenders finance only up to 80% of the property’s value as a loan, the rest has to be paid by the borrower out of his/her own pocket. The minimum down payment for a home in Hyderabad can be anything around 15%-20%.
Interest rates in Hyderabad vary from lender to lender. However, credit score plays a vital role in determining your home loan interest rate in Hyderabad. The higher your credit score, the lesser your interest rate might be. To opt for home loans at attractive interest rates, you can get a home loan from Navi.
Factors like interest rate, maximum loan amount, repayment tenure and processing charges must be considered to get the best home loan in Hyderabad. Navi offers home loans of up to ₹5 crore with interest rates starting from 7.39% p.a. and repayment tenure of up to 30 years. The entire process is 100% paperless and requires minimal documentation. This makes Navi one of the best home loan companies in Hyderabad.
As the home loan amount usually ranges between lakhs and crores, lenders need some assets as security if a borrower cannot repay the loan. This asset is known as collateral. For home loans, the property for which the loan is taken becomes the collateral. The lender has the right to seize the pledged collateral if the borrower defaults in repaying the loan amount.
A home construction loan is a bit different from a home purchase loan. Unlike a regular home loan, a home construction loan lets you borrow funds to build a new home on a plot of land that you own. Once the lender’s representative has a detailed discussion with you regarding the plot and the construction costs, he/she will sanction the loan based on your eligibility.

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