You may break you FD and withdraw your money subject to minimum moratorium requirements.
However, in case of premature withdrawal, HDFC pays maximum interest of 4% on deposits kept for 3 to 6 months and 1% lower ROI on applicable rate for actual duration on deposits kept for more than 6 months.
Loan against HDFC FD
HDFC offers loan upto 75% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.
HDFC Interest Rates in your city. How and where to apply?
Keep your KYC documents - PAN card, address proof and photo ready.
In case you already hold an account with HDFC, you don’t need to submit KYC documents again.
Housing Development Finance Corporation Limited or HDFC Ltd was founded in October 17th 1977 as the first specialised mortgage company in India with its head office at Mumbai with an objective to enhance the residential housing stock in the country through the provision of Housing Finance in a systematic and professional manner, and to promote home ownership. HDFC was promoted by the Industrial Credit and Investment Corporation of India. The company got the certificated of commencement of business on 3rd December. HDFC provides housing finance in India. The corporation provides long term housing loans mainly to low and middle income individuals and corporate bodies. HDFC is a leading provider of Housing Finance in India.
The Company has a network of approximately 330 offices (which includes 83 offices of its wholly owned distribution company HDFC Sales Private Limited) catering to over 2,400 towns & cities spread across the country. It also has offices in Dubai, London and Singapore and service associates in the Middle East region, to provide housing loans and property advisory services to Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs).
Its product range includes loans for purchase and construction of a residential unit, home improvement loans, home extension loans, non-residential premises loans for professionals and loan against property etc. In 2012, HDFC Limited was recognised as one of India's 'Best Companies to work for' in a joint study conducted by The Economic Times and 'The Great Place to Work Institute'. In 2013, a survey on "India's Best Boards" listed HDFC's Board of Directors among the 5 best boards in India. The company have market capitalization of Rs. 206,783.13 crores. Company reported profit of Rs. 7,440.24 crores as on year ended 31st March 2014.
20th Jan 17 HDFC Limited reduces retail prime lending rate (RPLR) by 15 basis points for existing home loan borrowers
HDFC Limited has reduced its retail prime lending rate (RPLR) by 15 basis points for existing home loan borrowers. The revised PLR now stands at 16.15 percent as compared to 16.30 percent earlier. Home loan rates are calculated by reducing the spread from PLR.
19th Jan 17 HDFC Limited with Duville Estate launches a subvention scheme for new homebuyers in Pune
HDFC Limited in association with Duville Estate Estate has launched a subvention scheme for their new home buyers in its new project Riverdale Heights in Pune. Under the scheme, buyers can make an initial down payment of less amount of Rs. 51, 000 in addition of statutory payments such as service tax, VAT and stamp duty.
04th Jan 17 HDFC Ltd cuts home loan rates by 0.45 percent
HDFC Limited has reduced its home loan rates by 0.45 percent for new home loan buyers. The new home loan rate for female borrowers is reduced to 8.65 percent for loan amount up to Rs. 75 lakhs as compared to 9.10 percent earlier. Similarly, home loan rates for other borrowers up to loan amount Rs. 75 lakhs now stands at 8.7 percent. The rates are effective from 4th January, 2017.
04th Jan 17 HDFC Ltd reduces interest rate for loan against property by 0.45 percent
HDFC Limited has reduced its rate of interest for loan against property by 0.45 percent. The revised lending rate for residential property now stands at 10.15 percent as compared to 10.60 percent earlier. Similarly, rate for commercial property is reduced to 10.65 percent. The rates are effective from 4th January, 2017.
05th Nov 16 HDFC reduces home loan rates to 9.15 percent
HDFC home loan rates have been reduced by 0.15 percent for new customers. The rates are now 9.15 percent for female borrowers and 9.20% for male borrowers. The new home loan rates will be effective from 4th November, 2016. The floating rate loans would be benchmarked to HDFC PLR which is currently 16.30%.
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