Home Loan Guide: Eligibility, EMI, Tax Benefits & Tips

Buying a home often requires financial assistance, and understanding home loan eligibility, types of EMIs, credit score requirements, and tax benefits is crucial. This guide answers most-searched questions on home loans in India, especially relevant for buyers in Hyderabad and Telangana. It covers the loan approval process, partnering banks, and financial planning tips to help you make informed decisions.

How Much Bank Loan Can I Get & What Documents Are Needed?

Loan Eligibility Factors

Monthly income and repayment capacity
Existing debts and liabilities
Property value and location (Hyderabad, Telangana)
Credit score (750+ preferred for best rates)
Employment type (salaried/self-employed/NRI)

Documents Required

Identity proof (Aadhar, PAN, Passport)
Address proof (Utility bill, voter ID)
Income proof (Salary slips, ITR, bank statements)
Property documents (agreement, approved plan, RERA certificate)

Which Banks Are Associated with Auro Realty Projects?

Auro Realty partners with leading national and private banks such as:

State Bank of India (SBI)
HDFC Home Loans
ICICI Bank
Axis Bank
LIC Housing Finance

This ensures quick approval and preferential interest rates for buyers.

How Long Does It Take to Process a Home Loan?

Pre-approval: 2–5 days (if documents are complete)
Final approval & disbursement: 10–15 working days

Partner banks may expedite processing for Auro Realty projects.

What is a Subvention Scheme?

A builder-bank collaboration where the buyer starts paying EMI after possession
During construction, builder pays the pre-EMI interest
Reduces buyer’s financial burden during construction phase

Difference Between EMI and Pre-EMI

EMI (Equated Monthly Installment): Covers both principal + interest after loan disbursement.
Pre-EMI: Interest-only payment during construction (principal repayment starts after possession).
Pre-EMI reduces initial burden but total interest outgo may be higher.

Full-EMI vs Pre-EMI

Full EMI: Starts after full loan disbursement; builds equity faster.
Pre-EMI: Starts after partial disbursement; suitable for under-construction properties.

What is a Pre-Approved Loan & How to Get One?

Pre-approved loans are sanctioned based on income & credit score, even before finalizing the property.
Valid for 3–6 months, offering faster processing once property is selected.
Obtain from a bank with income proof and basic KYC documents.

How to Choose the Best Bank for Home Loans?

Compare interest rates (fixed vs floating)
Check processing fees & prepayment charges
Evaluate partnership benefits with developer
Look for digital processing & quick approval features

Benefits of Taking Loan from Builder’s Partner Banks

Faster approval due to pre-verified project documents
Lower interest rates and waived processing fees in some cases
Priority in disbursement and simplified documentation

What is a Credit Score & Why is it Important?

A credit score of 750+ improves eligibility and ensures lower interest rates
Check credit score via CIBIL, Experian, or bank-provided services
Maintain score by timely repayments and low credit utilization

Tax Benefits on Home Loans

Section 80C: Deduction up to ₹1.5 lakh on principal repayment
Section 24(b): Deduction up to ₹2 lakh on interest payment
Additional deductions for first-time buyers (Section 80EEA)

Frequently Asked Questions

What is the maximum home loan I can get in Hyderabad?

Banks typically finance 75-90% of property value based on your income and credit score.

How is Pre-EMI different from EMI?

Pre-EMI is interest-only during construction; EMI includes both principal and interest post-possession.

What is a subvention scheme in real estate?

A scheme where the builder pays interest during construction; EMI starts after possession.

Can I get tax benefits on joint home loans?

Yes, both co-applicants can claim tax benefits separately under 80C and 24(b).

What is the processing time for a home loan?

10–15 working days on average, faster with pre-approved loans or builder tie-ups.

Auro Realty’s Home Loan Support

Partnerships with top banks for better rates
Assistance with loan application and documentation
Quick pre-approvals for Auro Realty projects
Guidance on tax benefits and repayment planning

The Pearl

The Pearl by Auro Realty is a visionary project crafted to elevate Hyderabad’s luxury real estate landscape in HITEC City, setting a new stratum of world-class extravagance. It is an iconic milestone that embodies a stunning confluence of luxury and elegance, where one can experience opulence with a lifestyle that exceeds superior benchmarks. Discover Luxury Apartments in Hyderabad in HITEC City, featuring magical lifestyles, grand environs, stunning designs, and uber-luxurious amenities that define premium living in one of Hyderabad’s most sought-after tech hubs. The Pearl also offers exquisite 4 BHK Flats in HITEC City, perfect for those seeking spacious and sophisticated homes in this thriving area.

Kohinoor

Kohinoor, home to the seven tallest towers in Hyderabad, epitomizes abundant luxury meant to be owned by the discerning few. This soaring architectural marvel has been thoughtfully designed to reflect a top-notch, radiant lifestyle with a diverse range of the luxurious 2 BHK, 3 BHK and 4 BHK flats for sale in Hyderabad, including elegant duplex residences. Kohinoor offers a harmonious blend of elegance, serenity, vibrant social life, and convenience, right at the heart of Hyderabad’s thriving real estate market. Enjoy breathtaking high-rise views and spectacular sunshine filling every corner of your home.

The Regent

Experience superior ambiance and a unique lifestyle at The Regent, located in the coveted neighborhood of Kondapur, Hyderabad. This magnanimous township, spanning 10.3 acres with five towers, showcases the true essence of grand living. Surrounded by lush greenery and close to landmarks such as Gopi Cheruvu lake, The Regent offers a countryside lifestyle within the bustling city of Kondapur. With residences spread across 39 floors, The Regent stands as one of the premier 3 BHK Flats for Sale in Kondapur, blending urban convenience with natural tranquility. Whether you're looking for a 3 BHK for Sale in Kondapur or comfortable 3 BHK Flats in Kondapur, this project caters to your lifestyle needs.

Sansa County

Sansa County, nestled in a serene paradise at Patancheru, is Hyderabad's premier integrated township. This residential villa community spans 500 acres and offers an exceptional lifestyle with lakes, parks, and various amenities. Phase 1 covers 97 acres and features 953 triplex villas, each on 200 square yards/2500 sq. ft. To elevate your living, these villas come with elevator provisions, and Phase 1 offers a range of diverse lifestyle amenities. Sansa County is among the top Villa Projects in Hyderabad, offering some of the finest Villas for Sale in Hyderabad as well as exclusive Villas for Sale in Patancheru.

Auroland

Auroland, Patancheru, is a thoughtfully planned residential community offering modern living amidst serene surroundings. Located in the rapidly developing Patancheru area, it provides excellent connectivity to Hyderabad’s key hubs. The project features premium villa plots in Hyderabad with contemporary amenities designed for comfort and convenience. Auroland is ideal for those seeking a balanced lifestyle combining urban accessibility and peaceful living, with attractive options for plot for sale in Patancheru.

Orbit

Orbit by Auro Realty, designed by Chapman Taylor, is an innovative commercial marvel spanning 1.1 million sq. ft. It received the 2018 Best Office Architecture of India award at the Asia Pacific Property Awards. With precast technology and LEED V4 gold certification in progress, Orbit combines efficiency with sustainability. This iconic building offers top amenities, including visitor management, destination-controlled elevators, security, and extensive parking for 2,000 cars across four levels. Its strategic location ensures easy access to public transport and nearby entertainment and retail options.

Galaxy

Galaxy by Auro Realty is a majestic 25-story office tower in the heart of HITEC City, Hyderabad. It stands as India's tallest corporate office building constructed with precast technology. This prime grade A office space covers 1.9 million sq. ft., featuring an elegant glass façade and contemporary design. It proudly holds a pre-certified LEED v4 Gold Rating from USGBC, emphasizing its commitment to environmental sustainability.The grand double-height entrance lobby and thoughtful design enhance the overall user experience, while landscaped open areas create a relaxing atmosphere for occupants. Galaxy promotes work-life balance, boosting employee productivity.

Corporate and Registered Address:
Auro Realty Private Limited.
21st Floor, Wing A, Galaxy,
Plot No:1, Sy No. 83/1
Hyderabad Knowledge City,
Raidurg (Panmatkha), Hyderabad
Telangana - 500081
Corporate Identification Number : U45100TG2012PTC084829

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Complete Home Loan Guide – Eligibility, EMI, Subvention & Tax Benefits