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HDFC Home Loan

  • ✔Interest rate starting at 8.25%*
  • ✔Get upto Rs. 5,000 Cashback*
  • Special rates for women borrowers
  • Loan up to 90% of property value
  • Flexible repayment options
  • Nil prepay charges for floating rates
MyLoanCare Assurance
Bank neutral advice
Dedicated loan advisors
Free & quick service
No unsolicited calls
Digital + doorstep service
Delivery in 1100+ cities
Compare and Apply for Home Loan @ 8.10%*
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*Get instant approval based on documents like KYC, 3 month salary slips and 6 month bank statement

HDFC Home Loan - Key Features

Salaried
Interest Rate 8.25% *
Lowest EMI Rs. 751 per lakh
Loan Tenure From 5 years to 30 years
Loan Amount Min Rs. 15 Lakh and Max Rs. 10 Cr
Processing Fee Minimum Rs. 10,000 Maximum Rs. 10,000 with applicable tax
Age Min 24 years and Max 60 years
Prepayment, Foreclosure Charges Allowed with Nil charges for floating rate loans

*Conditions Apply

Maximum Annual Percentage Rate (APR)8.25% to 9.7%
Representative example of the total cost of the loan, including all applicable fees
Here is an illustration of the total cost of the loan:
  • Total amount borrowed: Rs. 1 Lakh
  • Time period: 5 years to 30 years
  • HDFC Home Loan Interest Rate: 8.25% to 9.70%
  • Processing Fee payable to HDFC: Upto Rs. 10,000. Current offer for processing fee is Minimum Rs. 10,000 Maximum Rs. 10,000
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From Rs. 751 for a 30 years Rs. 1 Lakh loan at 8.25% (lowest rate, longest time period) to Rs. 2,110 for a 5 years Rs. 1 Lakh loan at 9.70% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 8.25% to 9.7%
  • Total cost payable over loan tenure: Rs. 36,598 for 5 years loan to Rs. 1.80 Lakh for 30 years loan

HDFC’s terms and conditions as per loan agreement applicable. Short term loans/ pay day loans not available; minimum loan tenure: 5 years. Rate of interest depends upon income, job stability, loan amount, CIBIL score, credit profile, existing obligations, verification and other factors. Credit at sole discretion of HDFC.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
About Us ×

What is MyLoanCare All About? Why do we exist?

Do you agree that EMI's are the largest share of wallet of most working people in the age of 25-40? Yes, most of us spend more on EMI's than we do on all our other expenses put together. MyLoanCare's mission is to help you save something out of your largest spend item. We are India's first focussed online liabilties management firm!
We are a fast growing team of people focussed on bringing a big change. From Sun soaked beaches in Goa to the Himalayas in Guwahati, from tech valley in Bangalore to business hubs in Delhi and Coimbatore, from business-focused Ahmedabad to weekend-focused Gurgaon – we are changing the way people choose and avail loans in India.

Legend of Mr. B and birth of MyLoanCare:

A young energetic professionally qualified investment banker working with a large private sector bank, Mr. B, got the best home loan deal he could imagine. He had successfully negotiated a high value home loan at an attractive rate of 8.25%. Mr. B felt proud of his negotiating skills, after all he was an MBA from one of the IIM’s, had an engineering degree from country’s premier institution, and was a CFA charter holder. He had surely got the best home loan deal, better than anyone else.

A few months later, he received a two line letter from his bank that left him in a state of shock. He couldn’t believe what he had just read. The interest rate on his floating rate loan had been revised upwards by a whopping 175 bps (1.75%) without even a stroke of pen (the letter was digitally signed, hence needed no signature!). That meant an increase in loan tenure from 15 years to 20 years.

With so few words, this letter had achieved so much for the bank, almost. If brevity was a virtue, this bank must be its master. Mr. B spoke to his bank “relationship manager” who said she knew nothing of this letter and that Mr. B should contact the banks’ customer care from his registered email id. Customer care auto-replied “Thank you for writing to us. We have received your query. We will reply within 5 working days.” On fifth working day, someone called Mr. B and asked what was the issue. Mr. B thought the “mistake” was about to be corrected. No, the story had just begun. Customer care officer heard Mr. B and reverted after a few days that the change in interest was as per the second proviso to clause 16 of the first schedule of home loan agreement read together with the last footnote printed on the reverse of the home loan sanction letter and that there was no “mistake” at the bank’s end. The interest rate on Mr. B’s loan had actually risen by 1.75%.

Mr. B offered to prepay the loan or refinance it with another lender. No, the loan could not be prepaid, not even partially, in the first six months, prompt came the reply from bank's customer "care". Bank further added, in its solo gesture of transparency, that any prepayment after six months would attract 2% penalty. And yes, please remember to pay 12.36% “service” tax on that. What, someone said “service”?

As they say, one mostly knows what one knows but one almost never knows what one doesn’t know. Mr. B realized how little he knew about his home loan and its fine print. Mr. B didn’t know his loan agreement. He didn’t know he had been tricked into buying a loan that was not as good as it looked. Mr. B couldn’t catch the non transparent terms he had been made to sign by the bank. A six month battle that went all the way to the office of the RBI’s Banking Ombudsman got Mr. B justice and the bank was forced to roll back the unfair part of the interest rate hike. But something big was about to happen. Eureka!

Mr. B is the founder of MyLoanCare! Today, Mr. B is all too thankful to the bank. The bank had unknowingly delivered Mr. B a life changing idea. All of us need a service that will help them know what they need to know, with transparency and honesty, a service that will not push-sell loans that generate highest commissions but ones that are suitable for the customer. A service that will deliver speed and efficiency and more!
Mr. B knew he needed someone who could understand the world of ones and zeros (ones without a rupee symbol attached to them) and of gigas, megas and teras. So, he thought of his old pal from college Mr. T. He narrated his experience with the bank to Mr. T and asked if he would come along to set up a platform that would actually "care" for the customer. The smile on Mr. T’s face said it all and more.
Mr. T had spent over a decade dealing with issues around technology, hardware, software, processes and automation. Just like Mr. B, Mr. T also stood for some principles in life. Honesty, transparency and professionalism.

Born of this real life experience, MyLoanCare’s mission is to build transparency, fairness and real cost effectiveness to people availing loans. We are there to service a customer’s need through his loan cycle.

MyLoanCare is a team of techno-financial experts that aspire to bring transparency, simplicity and convenience to borrowers in India using technology in innovative ways. Our mission is to:

  • Offer professional advice to borrowers in India
  • Protect the interest of borrowers
  • Help borrowers make informed choices when comparing loans
  • Negotiate best deals for home loans, balance transfer, loan against property, personal loans and business loans,

MyLoanCare is powered by a state-of-the-art custom-made technology platform that enables us to deliver loan related services to customers with speed and transparency.

More about Mr. B:

Gaurav Gupta (Founder-cum-CEO)

Gaurav, is a specialist and highly experienced finance professional. In addition to being a Chartered Financial Analyst (CFA) charter holder from The CFA Institute, VA, US, he holds an MBA in Finance from the prestigious Indian Institute of Management, Calcutta (IIM-C) and a Bachelor’s degree with distinction in Engineering from the Delhi College of Engineering (now known as Delhi Technological University). Gaurav was placed on the cherished IIM-C Roll of Honour for all-round excellence.
Before founding Myloancare, Gaurav held the position of Executive Director at Kotak Investment Banking, India’s premier investment bank and a part of the Kotak Mahindra Group. Before this, Gaurav worked with DSP Merrill Lynch Limited (now part of Bank of America Merrill Lynch) and at Asian regional offices of Goldman Sachs and Merrill Lynch in the investment banking field. Gaurav holds vast experience having worked with clients in multiple sectors such as automobiles, consumer, engineering, media, metals and mining, pharmaceuticals, oil and gas, power, real estate, retail, technology etc.

More about Mr. T:

Deepak Gupta (Founder-cum-Director)

Deepak is an experienced engineering and management professional with expertise in process design and automation using technology. He holds an MBA in Systems from NITIE, Mumbai and a Bachelor’s degree with distinction in Engineering from the Delhi College of Engineering (now known as Delhi Technological University).
Before coming aboard MyLoanCare journey, Deepak has worked with Ranbaxy Laboratories, India’s leading pharmaceutical giant (now owned by Sun Pharma and earlier by Dai-ichi Sankyo). Before this, Deepak worked as a consultant on process design, ERP and automation with Bristlecone and Mahindra Consulting.

About A, C-S, U-Z, AA - ZZ:

As MyLoanCare found its feet, professionals across technology, IT, Finance and Customer Servicing joined the bandwagon. All of them are committed to a single mission – to never do to anyone what happened to Mr. B – lest we create more Mr. B’s! We are supported by accomplished consultants and freelancers in the fields of content, database design and optimization.

Career ×

Myloancare Hiring

Direct Sales Executives

Job Description

  • To generate and service high value leads for loan products like home loan, loan against property, personal loans
  • To coordinate between HNI customers and bank
  • To advise customers on loan options and comparison
  • To undertake sales and marketing activities at companies, forums, communities targeting high ticket loans
  • To develop channel for leads generation

Web Designer (php, Ajax, Mysql, css, Jquery, Macromedia Dreamweaver)

Job Description

As Web Designer, you will be responsible for designing and optimizing highly interactive and contemporary user interfaces on our online loans marketplace https://www.myloancare.in You will provide original web page designs keeping loading speed to the maximum and page size to the minimum. You will work creatively and create highly engaging user interface.

We look for following skills

  • Must have 2+ years web development experience
  • Must have working knowledge of PHP and MySQL
  • Must have expert level knowledge of HTML, CSS, Java Script and JQuery to develop applications with superior UX. Should have experience with Agile
  • Good experience in Macromedia Dreamweaver, Adobe Photoshop, Responsive and other design tools.
  • Exceptional design skills, demonstrated through a strong portfolio of online work and must have worked on design of at least one website with daily traffic more than 10,000 UV's.

Php Developer (php, Ajax, Mysql, css, Jquery, Javascript)

Job Description

  • Developing, maintaining and enhancing dynamic B2C BFSI e-commerce website and backed applications in core php, mySQL, frameworks
  • Taking care of design aspects, responsive design, css, html for a device responsive php wesbite
  • Maintaining existing codebase, troubleshooting bugs, adding new features
  • Developing new applications in similar line of business

Contact Details

hr@myloancare.in
Contact Us ×

Contact MyLoanCare

MyLoanCare Offices & Contact Details

Address Email Phone No.
Head Office B-38, Sector - 32, Institutional Area, Gurgaon 122003 care@myloancare.in 8448389600
P-42, 6th Main, 10th Sector, LIC Colony, Jeevanbima Nagar, Bangalore 560075 blr@myloancare.in 7022 622 004

Contact MyLoanCare on Email

Purpose Of Email Email
Customer Care care@myloancare.in
Join Us hr@myloancare.in
Partner With Us Register As Partner
Customer Review Read Review
Important Legal Disclaimer ×

Legal Disclaimer

Important Disclaimer: MyLoanCare Ventures Pvt Ltd., or www.myloancare.in is not a lender and does not provide loans on its own.
The Company is, by no means, assuring as to the correctness of information, FAQ’s, graphics, images, text, and/ or various tools and calculators, including their result, displayed at this website or sent to the user by email or otherwise (together called “Information”). These are purely for indicative purposes and cannot be relied upon, either individually or together with any other information, by the user in any manner whatsoever.
The outcome of your case or query or application is solely a matter between you, the lender(s) and/ or the applicable regulator; and MyLoanCare Ventures Pvt Ltd., or www.myloancare.in does not assure any specific outcome or an outcome. Services or information at this website are for use by Indian national(s) only.

Terms and Conditions ×

Terms and Conditions

MyLoanCare Ventures Pvt Ltd., or the website https://www.myloancare.in (together called the "Company") is not a lender and does not provide loans on its own. Information carried at website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. By submitting your query, you authorize MyLoanCare to share your information with lender(s) and consent for such lender(s) to pull your credit information report and call/ message you regarding your query. The outcome of your query or application is solely a matter between you and the lender(s).
The Company is, by no means, assuring as to the correctness of information, FAQ’s, graphics, images, text, and/ or various tools and calculators, including their result, displayed at this website or sent to the user by email or otherwise (together called “Information”). These are purely for indicative purposes and cannot be relied upon, either individually or together with any other information, by the user in any manner whatsoever.
The Company is an independent service provider and is not related to the government or any regulator or any credit information bureau in any way; it does not have the ability to influence the outcome of a case or query or loan application in any manner.
The Company is not guaranteeing or assuring a particular or favorable outcome.
The Company is not providing any legal or accounting or tax advice.
The Company shall have no liability whatsoever to the user for any direct, indirect or consequential losses, damages, costs, charges, expenses or otherwise, which the user or any third party may incur arising out of the use of the Information.
Any personal information, documents and credit data and/or technical and/or business and/ or commercial and/ or financial data provided by the user can be used by the Company and its agents without any obligation to the user and be shared with any regulatory or statutory body on their request. The Company is not liable to delete any such information from its servers or records.

Privacy Policy ×

Privacy Policy

MyLoanCare Ventures Pvt Ltd. (hereinafter referred to as “MyLoanCare.in or we/ our”) understands the privacy and confidentiality of its customers who have shared their personal information with us. It’s our top most priority to keep the information secure and avoid misuse of customer’s personal details.

Please find below the type of information we may collect from you and it’s usage for the services offered to you via our website and our business partners. This privacy policy is applicable to our current and existing and future customers. By visiting our website and registering with us, you agree to this privacy policy.

By registering online at MyLoanCare.in, you allow MyLoanCare and its business partners to get in touch with you via phone call, email or sms. The purpose of contacting you is to offer you our services for the product you have chosen, informing you about our new products, tell you about promotional offers running at MyLoanCare.in, or by its business partners and linked third parties. Under this policy, you authorize us to make contact with you for the above mentioned purposes even if your number is registered under DND/DNC/NCPR services. This authorization is valid until your account is deactivated by either you or us.

Personal Information

MyLoanCare collects personal information from its customers including first name, last name, email address, date of birth, your residence city and mobile number etc. MyLoanCare can also extract information from third parties or public shared profiles which are public in your social accounts. The collected information is stored at MyLoanCare only.

Purpose

MyLoanCare.in collects information from you when you register online with us or need some information regarding our products and services, visit our website. After registering with us or sharing personal details with us, you authorize us to contact you via email, call or sms and send you promotional offers.

Use of Information

MyLoanCare need your personal information for the following purposes –

  • to reply to your queries being submitted by you
  • process applications or orders submitted by you
  • in order to resolve problems with any services provided to you
  • to send you promotional offers, new products or services available on our website or third parties with whom we have a tie up
  • manage or achieve our duties with subject to any contract with our business partners
  • information received from you is combined with the information we get from third parties in order to make our website and services better
  • as mentioned in this privacy policy
Information Disclosure and Sharing

MyLoanCare.in does not sell/ rent or disclose your personal information with anyone as described in this policy. We may share your personal information with our business partners or with another entity in case of business merger or sale of MyLoanCare.in’s business part.
We restrict the collection and use of your personal information. We may disclose your personal information in a non-personally identifiable manner that does not reveal your identity. MyLoanCare does not let anyone use your account information and any other personal identifiable information except some specific domestic procedures in order to manage, expand and improve our services. Third parties who have tie up with us can contact you and tell you about our services but with a limited access and they are required to maintain the confidentiality of the information as mentioned in the contract with us.
We may share your personal information to the government agencies under the law in case of identity verification, investigation of cyber incidents, hearings and punishment of offences, or where disclosure of information is required for the legal purpose. We may also need to disclose the information to third parties under the law.
MyLoanCare.in has various types of products like loans, credit cards offered by lenders and banks. If you apply for these products or services and disclose information to these providers then the use of your information is dependent on their privacy policies for which MyLoanCare is not responsible.

Tracking via Cookies

MyLoanCare and its partners use cookies to analyze trends, manage the website, improve marketing, track user’s preferences around the website and collect demographic figures for overall use. You can control the use of cookies at an individual browser stage by disabling these cookies that may restrict your use of certain features or services on our website.

Log Files

We use log files that include internet protocol (IP) address, internet service provider (ISP), browser type, exit or referred pages, date/time stamp, operating system to analyze trends and user’s movements while visiting the website. This information is combined with the other information we collect about you to improve our services, site functionality and marketing.

Email – Opt Out

If you don’t want us to send you emails or other promotion information, write us at care@myloancare.in. It may take some time to process the request but once you are unsubscribed by us, you won’t receive emails or any other information from us.

Security

MyLoanCare.in use suitable technical and electronic measures to protect the personal information being submitted to us. In today’s time, we cannot guarantee complete security as no electronic system is 100% secure but we still use multiple security measures to protect illegal use, damage or loss of any kind of information. You must also maintain the confidentiality and security of your login id and password and may not share these credentials with any third party.

Connection to Other Websites

MyLoanCare.in provides links to other websites. The privacy of the information provided to other websites is not our liability. MyLoanCare.in is not responsible for any loss of personal information through other sources. We can only suggest you to read their privacy policies when you visit their websites.

Third Party Advertising

MyLoanCare.in uses ad agencies or third party advertising companies to provide ads when you are using our website. These companies do not use your personal information except the details about your visit to our website so as to offer ads on our websites as well as on other websites about the services that you may like.

Contact Us

In case of any query, complaint, feedback and comments with regard to this privacy policy or any other policy then you can write us at care@myloancare.in.