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HDFC Bank Home Loans

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Product Rating

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Loan Amount

Minimum: 10 lacs

Maximum: no limit

Location

PAN India

ROI

8.10% P.A.

Processing Fees

Up to 0.50% of the loan amount or ₹3,000, whichever is higher, plus applicable taxes.

Charges On Account Of Delayed Payments



Delayed payment of interest or EMI shall render the customer liable to pay additional interest up to 24% per annum.

Repayment Tenure

Upto 30 years

Re-Appraisal Of Loan After 6 Months From Sanction

Up to Rs 2,000 plus applicable taxes.

Owning a home is still a dream for many! However, a home loan from HDFC is your way to get the keys to your dream home. To buy or build your ideal home, rely on HDFC Bank's extensive selection of home loans. You can get home loans to buy, construct, renovate, repair, or redecorate your ideal residence. To take advantage of their loan offerings, you can also choose to transfer your current home loan from another lender to HDFC.

A hassle-free loan application process, simple loan repayment alternatives, and customizable tenures are all available at HDFC Bank, together with excellent home loan interest rates. Moreover, they provide a variety of home loans, such as top-up loans, Home Improvement Loans, and Home Extension Loans.

Furthermore, with their user-friendly online application process, you can enjoy the ease of applying for a loan online. Also, they have a dedicated team of professionals who are always there to support and assist applicants. Let’s move ahead and understand this in a better way.

Let’s have a look at the table for a concise view

Loan Amount

Minimum: 10 lacs

Maximum: no limit

Location

PAN India

ROI

8.10% P.A.

Processing Fees

Up to 0.50% of the loan amount or ₹3,000, whichever is higher, plus applicable taxes.

Charges On Account Of Delayed Payments



Delayed payment of interest or EMI shall render the customer liable to pay additional interest up to 24% per annum.

Repayment Tenure

Upto 30 years

Re-Appraisal Of Loan After 6 Months From Sanction

Up to Rs 2,000 plus applicable taxes.

Different types of Home Loans at HDFC

Let’s have a look at various options of Home Loans available at HDFC:

Home Loans

Individual or joint home loans for building a home, purchasing new or used property, etc.

Home Improvement Loans (HIL)

Your home's interior design reflects your personality and aesthetic preferences. As a result, you would want to take all possible step to actually achieve your goal. For internal and external repairs as well as reorganisation, you can rely on home improvement loans from HDFC Bank. This loan can be used to pay for a variety of home improvement projects, including painting, roofing, plumbing, electrical work, tiling, flooring, grills, windows, compound walls, and much more.


Home Extension Loan (HEL)

HDFC Bank also provides home loans to assist you in expanding your current residence to meet your needs. This loan enables you to create that extra space with simple financing, whether it's a spare bedroom for your kids, a home office, or your own library room.



Top up Loans

Existing customers can obtain a top-up loan on their current home loan at enticing interest rates. You can receive a Top Up of up to Rs 50 lakh.


Balance Transfer

Is your present loan making life difficult for you? Use our balance transfer option to transfer it to HDFC Bank and take advantage of all the benefits that come with being a customer of HDFC Bank.



Special Home Loan for Agriculturists

  • Loans for farmers to buy or construct houses/apartments in several of cities/towns of their choice.

    • Home loans in residential areas of villages

    • Loan eligibility on the basis of agricultural land owned and the kind of crops being cultivated by farmers

    • No mortgage of agricultural land required for the purpose of home loans

No mandatory requirement of Income Tax Returns from farmers applying for home loans.

Documents Required

Agriculturists

Salaried Customers

Businessmen – Professionals

Application form with photograph

Application form with photograph

Application form with photograph

Identity and Residence proof

Identity and Residence proof

Identity and Residence proof

Last 6 months bank statements

Last 6 months bank statements

Last 6 months bank statements

Processing fee cheque

Processing fee cheque

Processing fee cheque

Income Documents

Copies of Title Documents of Agricultural Land depicting Land holding

Latest Salary Slip

Educational Qualifications Certificate and Proof of Business

Copies of Title Documents of Agricultural Land depicting crops being cultivated

Form 16

Business Profile and Previous 3 years Income Tax returns (self and business)

Statement of previous 2 years of loans availed

Previous 3 years Profit/Loss and Balance Sheet

Eligibility Criteria


  • Age- 21-65 years

  • Profession–Salaried/Self-employed Professionals (Doctors, Lawyers, Engineers, CA, architect, consultant, CS) and Self-employed Non-Professionals (Commission agent, contractor, trader)

  • Nationality– Indian Resident and NRIs

  • Genders– All


FREQUENTLY ASKED QUESTIONS

Have a question? We've got answers!

The co-applicants for the HDFC housing loan must also be the co-owners of the property. Co-applicants do not all have to be co-owners, though. In most cases, the lender permits members of the same immediate family to co-apply.

You can prepay your house loan in full or in part before the actual loan term expires. With regard to house loans obtained at adjustable interest rates, HDFC does not charge prepayment penalties.

Yes, female applicants receive a 5 bps interest rate discount from HDFC.

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