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Home Loan inHyderabad

Home Loan in Hyderabad

India’s ‘Pearl City’, Hyderabad, has tremendous opportunities to offer. It is a powerhouse in the field of IT. It is touted as one of the best cities to live in. SMFG Grihashakti home loan provider in Hyderabad steps in right here to help you identify your potential and fulfill your needs.

SMFG Grihashakti Housing Loan offers special benefits:

Home loan up to 90% of the property value
We offer competitive Attractive home loan interest rate leading to affordable EMIs
Flexible repayment tenure of up to 30 years

SMFG Grihashakti’s home loan documents:

A SMFG Grihashakti home loan in Hyderabad requires certain documents. If you are applying as a salaried individual, you need to submit the following documents:

Salaried

Proof Of Identity

PAN Card
Voters ID
Driving License
Employee Card

Proof Of Income

Last 3 months’ salary slips
2 years’ Form 16
6 months’ bank statement with salary credit

Proof of Residence

Aadhaar Card*
Latest Electricity bill/Piped gas monthly bill
Ration Card
Property Tax/Water Bill

Self Employed

Proof Of Identity

PAN Card
Voters ID
Driving License

Proof Of Income

Last 2 years’ ITR with computation
CA audited Financial wherever applicable
6 months primary bank statement

Proof of Residence

Aadhaar Card*
Latest Electricity bill/Piped gas monthly bill
Ration Card
Property Tax/Water Bill

Property related documents are also mandatory for a home loan application. Additional documents may be requested as per the applicant’s profile and SMFG Grihashakti’s policy at the time of loan application.

*Terms and conditions applicable. Loans are sanctioned at the discretion of SMFG Grihashakti. Please note that Aadhaar numbers should be masked before submission as per regulatory guidelines.

Easy eligibility criteria:

You can apply for SMFG Grihashakti home loan in Hyderabad as a salaried individual as well as a self-employed individual. Here are some of the basic criteria:

Salaried applicants must earn a minimum salary of INR 1,20,000 per annum and have a minimum work experience of atleast 1 year
Self employed applicants must meet the minimum criteria of yearly profit after taxes
Minimum CIBIL score of 700 with a good repayment history

Final eligibility will be determined based on various other parameters including SMFG Grihashakti’s policy at the time of loan application.

Online housing loan from Grihashakti:

SMFG Grihashakti accepts home loan applications online and offline. Both the processes are extremely simple. As soon as all the documents are successfully verified, property evaluation is complete and loan approval is given, the home loan is attempted to be disbursed in 72 hours. The overall process between application to loan sanction could take between 15-21 days.

Home loan calculator:

SMFG Grihashakti offers 2 main calculators. They are the home loan eligibility calculator and EMI calculator. The home loan eligibility calculator tells you the maximum home loan amount you may be eligible for. The home loan EMI calculator gives you an estimate of your EMI. You have to enter basic details like rate of interest, loan amount, and preferred rate of interest. You then instantly get the results.

Quick Links

Home Loan EMI Calculator

Home Loan Eligibility Calculator

Home Loan Interest Rates

Home Loan Prepayment Calculator

FAQ's

What is a home loan?

A home loan is an amount that you borrow from a lender to own a property of your choice. The borrower then needs to repay the loan plus interest through monthly instalments called EMI to the lender. EMIs are to be paid for the entire repayment tenure signed up for.

How much home loan can I get?

To know the maximum loan amount you can get, use our free online loan eligibility calculator. SMFG Grihashakti offers home loan amounts up to 90% of the property value.

How do I repay a home loan?

You have a choice of repayment tenure as long as 30 years with SMFG Grihashakti, thereby giving you the flexibility of minimizing your EMIs. You can repay the EMI in the following ways:

Pay EMI online on the website every month
Sign up for ECS (auto - debit) facility
Submit post dated cheques at the branch

Can I apply for a home loan online?

Once you identify your property, you can apply online through our website or walk into any of our branches.

What is the interest rate on a home loan?

Grihashaki offers affordable home loan interest rates, which are determined based on various factors such as the borrower’s credit score, income, down payment amount, tenure selected, nature of the property, etc.

Disclaimer: *Please note that loans are disbursed at the sole discretion of SMFG Grihashakti. Final approval, loan terms, and disbursal process will be subject to SMFG Grihashakti’s policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.

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