Home Loan in Hyderabad

You can apply for home loans very easily. Piramal Finance has a dedicated employee guiding you through any difficulties you might face.

In order to be eligible to apply for a home loan, you need to satisfy certain criteria. Piramal Finance has the following eligibility criteria for:

• Salaried individuals

Any salaried person above the age of 21 can apply for a home loan. This includes people working in government as well as private offices. In fact, any individual generating income through pensions can also apply for a home loan till the age of 70.

• Self-employed individuals

Self-employed applicants above the age of 23 are also eligible for home loans. For self-employed applicants, the maximum age to apply for a loan is 70 years. This includes self-employed professionals like doctors, lawyers etc. This also includes non-professionals like business owners and directors of private limited companies.

The document requirements for home loans are extremely simple. You need to submit some documents as proof of identity, proof of address and proof of income.

Proof of identity:

As proof of identity, any of the following documents can be submitted:

• Passport
• Voter’s ID card
• Aadhar card
• Driver’s license
• NREGA job card
• Letter issued by National Population Register (NPR).

As proof of address, applicants can provide a copy of any of the following documents:

• Passport
• Voter’s ID Card
• Aadhar card
• Utility bills which include water, electricity, gas etc.
• NREGA job card
• Letter issued by National Population Register (NPR)

As proof of income, salaried employees can submit any of the following:

• Salary slips of the last three months
• Recent bank statement (last 6 months)
• 2 Years Form 16
• Employer’s Certificate

Self-employed home loan applicants can provide any of the following documents as proof of income:

• Income Tax Returns of the last 2 financial years
• Recent bank statement
• Chartered Accountant’s Certificate

To encourage more people to buy their own homes, lenders approve loans at very nominal interest rates. Home loans at Piramal Finance start from 11.00%* interest rate p.a.

You will be charged a very small percentage of your entire loan amount as processing fee. Sometimes, lenders may also charge a loan pre-closure fee. Piramal Finance, however, charges no such fee. All other charges will be clearly mentioned beforehand, eliminating the possibility of hidden charges.

Repayment of home loans is not so stressful anymore. Piramal Finance allows you to choose a repayment tenure according to your convenience. The tenure range is as large as 5 years to even 30 years.

Hyderabad is one the cultural capitals in India. But today, the city’s economy is moving forward and there are job and business opportunities all around. With Hyderabad being the best of both worlds, it certainly makes for a great city to live in.