HDFC Ltd Home Loan

HDFC Ltd offers home loans at affordable rates and transparent terms. One can apply for a home loan in HDFC Ltd, for various purposes such as the purchase of a house or a flat, for home construction loan, home renovation loan or home extension. Some of the benefits and features that HDFC Ltd home loans offer to the home loan borrowers are listed as follows:

• HDFC provides home loans to women borrower at discounted interest rates.
• HDFC home loans can be availed for a longer tenure of up to 30 years.
• HDFC home loan borrowers are guided with expert legal and technical guidance to make the right home loan decision.
• With HDFC home loan, one can purchase a house from private developers and development authorities such as DDA, MHADA.
• HDFC home loans also allow buying of properties in co-operative housing societies, and freehold and leased properties.

HDFC Ltd offers home loans to both salaried and self-employed home loan applicants. However, the interest rates vary by occupation, type of property and loan amount. Currently, the lowest HDFC Ltd home loan rate for salaried is 6.95%, and for self-employed home loan borrowers, the lowest home loan rate offered is 6.95%. Different interest rates for salaried and self-employed individuals across popular HDFC Ltd home loan schemes are listed below:

HDFC Ltd offers various customized home loan offers for different types of home loan borrowers. The home loan offers vary across different loan segments such as home loans for NRI, for salaried, for Government employees, for defence and army personnel, pre-approved home loans for existing customers, home loans for construction and upgradation of home amongst others. Some of the popular HDFC Ltd home loan products and their specifications are listed as follows:

• Loan for individuals who wish to upgrade or renovate their existing home as per their requirement.

• Individuals including salaried, self employed, sole or joint owners and companies can apply for the loan.

• Customers who want to renovate or upgrade their existing house property can apply for the loan.

• Loan for those individuals for the purpose of buying land or constructing a house on the acquired land.

• Individuals with financial stability whether salaried or self employed can apply for this loan.
• Joint owners can apply for the loan as co applicants.

• This loan is taken by salaried and self employed people.

• Loans for purchasing under construction or existing residential property in the rural and urban areas.

• HDFC rural housing finance is a home loan product designed for agriculturalist, planters, dairy farmers, etc., who are looking for a home in rural and urban areas. The loan is customized as per the agricultural land owned by the applicant and crops cultivated by him. The loan can also be taken by salaried and self-employed individuals who wish to own a home in their home town or village. With HDFC rural finance scheme, one can purchase an under construction or existential residential property in rural and urban areas. The loan amount as per this product can range up to 90 per cent of the property value.

• The loan can be availed by salaried, self employed, agriculturists, farmers, planters, horticulturists, or Dairy Farmers.

• Customers who wants to own a space of their own in their home town or villages.

• With HDFC reach home loans one can borrow home loan up to Rs. 1 crore with minimal documentation and quick turnaround for buying a new home, constructing a house on the plot allocated by any development authority or to transfer your home loan balance to HDFC.

• HDFC reach home helps people fulfil their long-awaited housing dream. The product offers specially designed loans for purchasing a new or existing home. One can get a loan up to 80 per cent of the property value. This loan can also be used to renovate your current home or for house extension purpose. Further, one can also avail this loan for extension or improvement of a non-residential property.

• The loan can be taken by salaried, self employed professionals and non-professionals.
• An individual can apply for this loan either individually or jointly with the other owners of the house being the co-applicants.

• Customers who wants to purchase a new house or wants to construct their own dream house.

Getting a home loan from HDFC is fairly easy with an online application process. A home loan can be availed from HDFC in five simple steps:

Step 1: Visit the website, branch, or website of authorised online channel partner of HDFC and fill in the application form with loan amount required, property details, your personal details, occupation information and your contact number.
Step 2: An official of HDFC or online partner will call you to discuss your eligibility of the loan as well as explain the loan rates, terms as well as processing fees and other charges.
Step 3: Once you agree to proceed with the loan application, you will need to submit your income and property documents online or a HDFC’s representative will visit your home or office to collect your documents.
Step 4: HDFC will ask you to submit the processing fees and take a few days to conduct a credit appraisal and do technical evaluation of your property.
Step 5: If you are eligible and your property qualifies for a loan, you will be issued a sanction letter from HDFC and will need to sign a loan agreement with the bank. Post this, the loan will get disbursed to your account.

Getting a home loan from HDFC Ltd is fairly easy with an online application process. A home loan can be availed from HDFC Ltd in five simple steps:

Step 1: Visit the website, branch, or website of authorised online channel partner of HDFC Ltd and fill in the application form with loan amount required, property details, your personal details, occupation information and your contact number.

Step 2: If you apply online at MyLoanCare, a loan advisor will call you to confirm details discuss your eligibility of the loan as well as explain the loan rates, terms as well as processing fees and other charges.

Step 3: Once you agree to proceed with the loan application, your application will be forwarded to the bank. After that you have to submit your income and property documents online, or an HDFC Ltd’s representative will visit your home or office to collect your documents.

Step 4: HDFC Ltd will ask you to submit the processing fees and take a few days to conduct a credit appraisal and do a technical evaluation of your property.

Step 5: If you are eligible and your property qualifies for a loan, you will be issued a sanction letter from HDFC Ltd and will need to sign a loan agreement with the bank. Post this; the loan will get disbursed to your account.

HDFC Ltd home loan EMI calculator helps the home loan borrowers plan their home loan EMIs, that is composed of the monthly interest rate, and monthly reducing balance. The calculator functions on the basic components of the principal amount, loan tenure and interest rate. HDFC Ltd Home loan calculator helps the loan borrower pre-plan their home loan in advance. Apart, the results of home loan calculations that HDFC Ltd Home Loan EMI calculator offers is accurate and reliable.

HDFC Ltd Home Loan Eligibility Calculator