A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • HDFC LTD Home Loan

    HDFC Home Loan
     3.5 / 5.0   by 2542 users
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    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Housing Development Finance Corporation Limited (HDFC Ltd.), India's largest private housing finance company, is renowned for handholding customers right through the home buying process and for a high level of transparency in their loan terms. HDFC offers a variety of financing options including home loans, home improvement loans and home extension loans. Additionally there are many flexible repayment options to suit your stage in life including tranche based EMI and like step-up repayment facility. On BankBazaar, you can apply for a HDFC home loan and get e-approved in minutes.


    You’re probably eligible for an HDFC Limited Home Loan if you are

    01
    02
    03
    04
    HDFC Bank Home Loan Minimum Age

    At least 21 years old

    HDFC Bank Home Loan Maximum Age

    Less than 60 years old

    HDFC Bank Home Loan Eligible Employment Type

    Salaried with regular income

    HDFC Bank Home Loan Minimum Income

    Earn more than the minimum
    income required


    Your HDFC Limited Home Loan amount eligibility is based on these factors

    01
    02
    03
    HDFC Bank Home Loan Minimum Salary

    EMI limited to about 50%
    of monthly income

    HDFC Bank Home Loan Maximum Loan to property value

    Loan capped @ 90% of property value

    HDFC Bank Home Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible HDFC Limited Home Loan amount by these steps

    01
    02
    03
    HDFC Bank Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    HDFC Bank Home Loan Maximum Tenure

    Choose longer tenure loan up to 30 years

    HDFC Bank Home Loan Add parents as Co-applicant

    Alternatively add your parents


    Documentation needed to apply for an HDFC Limited Home Loan

    • 1. Signed application form with photograph
    • 2. ID and residence proof
    • 3. Processing fee cheque
    • 4. Last 6 months bank statements
    • 5. Documentation for salaried applicants:
      • Latest Salary-slip
      • Form 16
    • 6. Documentation for self-employed applicants:

      • Education qualification certificate & proof of business existence
      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years Profit / Loss and Balance Sheet

    HDFC Limited Home Loan Interest RatesUpdated on 04 Aug 2015

    HDFC Limited Home Loan Details
    Interest Rate (Floating) 9.85% to 9.95%
    Processing Fees 0.50% of the loan amount
    Loan Tenure Upto 30 years
    Guarantor Requirement No Guarantor Required
    Pre Payment Charges Nil
    Pre-closure Charges Nil

    Overview

    Whether it is a car or a house, everything requires adequate finances. Till some time back, buying a home without the right amount of cash in your savings account was like a dream that could not be fulfilled. This affected the purchasing power of the working class. However, now, with various kinds of home loans available in the market, it has become possible to buy a property without having it all in your saving bank account.


    Home Loans from HDFC LTD

    HDFC bank has always been known as a bank, which caters to every need of a customer. Owing to its high quality services and products, it has gained a huge popularity in the banking sector. HDFC LTD Home Loan is known for its flexibility and various benefits.


    The maximum loan amount is as below:


    Loan Amount Maximum Funding
    Upto 75 Lakhs 80% of the property cost
    Greater than 75 Lakhs 75% of the property cost

    The maximum funding amount is decided by HDFC after a thorough analysis of the repayment capacity of the customer and the market value of the property.


    The interest rates on home loans by HDFC LTD vary as per the amount and loan period applied.


    The different repayment options available are:

    • Accelerated Repayment Scheme: This enables the customer to increase the EMIs every year as their income increases. This ensures the early payment of a loan.

    • Step up Repayment Facility (SURF): In this scheme, the repayment of the loan for initial years is low. However, as the loan period progresses, the EMIs are raised according to the expected growth of the customer’s income.

    • Tranche Based EMI: When an under construction house is purchased by a customer, he/she needs to pay the interest on the loan amount only until the purchased property has been completed. Any payment above the interest goes towards paying off the principle amount.

    • Telescopic Repayment Option: This option gives a customer an extended loan tenure along with lower EMIs.

    • Flexible Loan Installments Plan (FLIP): In this, the EMIs are generally higher during the initial years and keep decreasing as the years progress.

    The documents required for HDFC LTD home loan are:

    • A completed home loan application form

    • Proof of identity, residence and address

    • Proof of income

    • 6 months bank statement

    • Different property related documents

    Why apply for an HDFC LTD home loan through BankBazaar?

    If you are looking for a place to apply for an HDFC LTD home loan, then BankBazaar would be the ideal place. Providing the customer with detailed information about interest rates and eligibility, this site has been able to fulfill the demands of every customer. Along with this, its online home loan EMI calculator has also helped customers to calculate the EMI, loan amount and tenure as per their convenience.


    New HDFC Home Loan Interest Rate:

    HDFC Bank, as one of the flag-bearers of banking in India, offers home loans at an interest rate that is considered very appealing and competitive. Currently, this interest rate starting from 9.85% to 10.35%, and is applicable to different home loan products and eligible customer groups banking with HDFC.


    Features of HDFC LTD Home Loan

    • An integrated branch network that helps a customer get the home loan serviced from any place in the country.

    • There are no hidden charges for HDFC LTD home loans. Every charge and fee are informed to the customer during the loan inquiry period.

    • A home loan is provided for flats, bungalow and row house for approved private developers and development authorities like MHADA and DDA.

    • The interest rates are attractive, which surely make the home loan easy on the customer’s pocket.

    • Expert advice is provided to the customer to ensure better understanding of legal matters related to the loan.

    • Flexible repayment options available for the convenience of the customer.

    Eligibility

    The eligibility for an HDFC LTD home loan depends on the age, income and financial stability of the customer. The bank provides the loan only after a thorough investigation has been done about the financial status of the customer.



    News About HDFC Limited Home Loan

    • HDFC Bank looks to raise 85,000 crore

      On Friday, July 17th 2015, Housing Development Finance Corporation (HDFC) looked for shareholders’ approval to raise up to Rs. 85,000 crore. HDFC will hold its annual general meeting on July 28th. It has set its target to raise funds via private placements within one year from this meeting.

      HDFC, a big player in the home loan market, plans on raising funds through redeemable, secured and unsecured, non-convertible debentures, or through hybrid instruments which could be classified as tier II capital. HDFC has also separately sought a nod from the shareholders to raise up to Rs. 5,000 crore through warrants to qualified institutional buyers.

      In the last fiscal year 2015, HDFC had raised Rs 26,170 crore through secured NCDs and Rs 3,000 crore through unsecured NCDs. For this fiscal year 2016, the home loan lender has increased its borrowing limit by Rs. 75,000 crore.

      24th July 2015

    • HDFC Bank Reduces Lending Rate By 0.15%

      HDFC Bank, one of the largest private sector lenders in the country, has reduced its lending rate by 0.15%. Earlier, HDFC’s lending rate, i.e. the base rate, was 9.85% and now it has been reduced to 9.70%. In the last couple of months, many public and private sector banks in India have reduced their lending rate after a reduction of policy rates by the RBI.

      Raghuram Rajan, the governor of RBI, has also urged the bank to revise their lending rates after the policy rates were revised by the RBI and the Finance Minister, Arun Jaitley, also supported this revision and advised the same.

      Within a short duration of 3 months, HDFC bank has reduced its base twice. Thus, this is an ideal time for the customers of the bank to avail home loans, personal loans and other loans at very attractive interest rates.

      23rd June 2015

    • HDFC to offer lowered rates to women borrowers

      HDFC, one of India’s leading home loan provider, has recently announced revised lending rates for women borrowers. The lender lowered its home loan rate by 5 basis points and now offers a new rate of 9.85%. ‘Women Power’ is a loan product launched by HDFC which will be applicable to women borrowers, residents and non-residents, who are either sole / joint owners or first applicants of a property.

      Following the recent directive issued by the RBI to reduce lending rates, banks like SBI, ICICI and HDFC have been some of the first few to lower their interest rates. While SBI was the first to reduce its base rate down to 9.85%, HDFC took the lead in the home loan category to reduce its lending rate down to 9.90%.

      07th May 2015

    • Great Offer on HDFC’s Trufixed Fixed Interest Rate Home Loans.

      One of India’s largest home finance lender, HDFC, has introduced a pioneering new offer. According to this, home loans that were sanctioned between December 22, 2014 and January 31, 2015 are liable to attract a fixed interest rate. This condition applies to loans with tenures of 10 years, with prospective loans that will be disbursed before March 21, 2015 earning the eligibility to also comply with this rule. HDFC’s fixed interest rate home loan option, aptly called Trufixed, allows customers to avail home loans at a fixed interest rate for a tenure ranging from two to ten years. However, after the initial period, the loan will automatically switch to HDFC’s ‘Adjustable Rate Home Loan’ (ARHL) structure without any applicable conversion charges.

      13th January 2014

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    HDFC LTD Home Loan Reviews

    Customer Reviews
    Page 1 of 50 1 2 3 4 5
    • Validated User
      (0)

      I have applied for the home loan with the HDFC Ltd. The rate of interest was 9.85% and am happy with that. The services are nice and person is very co operative. There are some communication gap while in the documentation problem and thats not very big issue. Overall experience is nice with them. I got the loan to be disbursed in to my account within 10 to 12 days.

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      ankit took a Home Loan from HDFC LIMITED Reviewed on
    • Validated User
      (0)

      I took a home loan from HDFC before 3 years. They are good in terms of customer service. Everything went fine. They collected less documents to process the loan. They also offer part payment option and pre closure options to the customers.

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      ajay took a Home Loan from HDFC LIMITED Reviewed on
    • Validated User
      (0)

      Actually my sister works in a home loan department. So everything was done perfectly. I had no options to contact the customer service. I had to sign 60 to 70 pages of documents but it normal as other banks. The loan amount was around 32 Lakh and within 15 days they processed my loan. Interest rate was floating an charges are normal as other banks.

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      saurabh took a Home Loan from HDFC LIMITED Reviewed on
    • Validated User
      (0)

      I had a very nice experience with hdfc ltd and within 1 week they disbursed the loan amount . The property which i selected was a pre approved so there was no much documents to provide. Interest rate offered was competitive but the processing fee was high of Rs.11,000 as lot of banks are giving 0%. I have also recommended one of my friend for the this process..

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      mohd took a Home Loan from HDFC LIMITED Reviewed on
    • Validated User
      (0)

      I have produced all the documents to HDFC limited and waiting for amount as it going to disburse in a week time. Interest rate and charges are standard in market for a home loan as did not find any big difference and if they would have provided any discounts, I would appreciate but it does not happen. Response was good and they were much more profession. Only problem is they delayed in documentation.

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      venkatesh took a Home Loan from HDFC LIMITED Reviewed on
    • Validated User
      (0)

      Interest rate was competitive in hdfc ltd for the home loan. They should not charge processing fee. Overall the experience was average because in the initially stage the response was quick and once i paid the processing fee later on the response was not so good they took 3 weeks for the disbursement.The hdfc ltd have to good follow up with the customers.

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      hrishikesh took a Home Loan from HDFC LIMITED Reviewed on
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      The process was very slow from HDFC ltd while my home loan as the representative was very bad in the communication. Myself followed for the application status with them as there was no response and they took nearly 60 days for disbursing the loan and they not even informed that about my first emi. The charges of the loan were nominal.

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      sachin took a Home Loan from HDFC LIMITED Reviewed on
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      Be very careful when you put your hard earned for a home loan and never ever go for HDFC, They will offer excellent low interest rates in beginning and soon it will zoom ahead and will be the highest. See here what they charged from me: From Date ROI (%) <br> 01-MAR-2011 9.25<br> 01-MAY-2011 9.50<br> 01-AUG-2011 10.50<br> 01-MAY-2013 10.40<br> 01-AUG-2013 10.40<br> 01-NOV-2013 10.65<br> 01-FEB-2014 10.75<br> 01-MAY-2014 10.75<br> 01-AUG-2014 10.75<br> 01-NOV-2014 10.75<br> 01-FEB-2015 10.75<br> 01-MAY-2015 10.55<br> 01-AUG-2015 10.55<br> --- Please remember even a 1% difference makes you pay Rs10 Lakh more for a loan of 30Lakh for a 20 year tenure. Moral of the story. Never ever trust the sooth saying sales personnel of HDFC. Also their first loan cheque bounced but they do not bothered and went ahead and took first EMI and Pre EMI and used it as advance payment.

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      santos took a Home Loan from HDFC LIMITED Reviewed on
    • Validated User
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      The Home loan process with HDFC LTD was quite long and they have taken time to process.The customer service provided was good and they are patient enough based on the documents submission as well.They are asking for too many documents since its for a home loan. The interest rate offered was good and the charges applied for this loan was really less.

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      sundara took a Home Loan from HDFC LIMITED Reviewed on
    • Validated User
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      I have got the call immediately with the HDFC Ltd for the home loan. The rate of interest was 9.9% and the processing charges are around 8000 Rupees. Within 30 days of time that I got the loan with them due to the delay in documentation from my end. Their services are super with them. I got the second cheque also with them and I am waiting for the third cheque too.

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      jaiganesh took a Home Loan from HDFC LIMITED Reviewed on
    • Validated User
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      My loan approved initially after that I waited for the property to be completed. The rate of interest was around 9.90% and according to the RBI repo rate that it got reduced to 9.85%. Everything is followed what they committed initially. The processing charges was around 11000 Rupees and am not happy with that.The service is really fast with the HDFC Ltd Home loan.

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      madhulika took a Home Loan from HDFC LIMITED Reviewed on
    • Validated User
      (0)

      The services of the HDFC Ltd for the home loan is good.The rate of interest was around 10.1%. Its the balance transfer from the LIC housing finance limited.There was no processing fees with them.Within 1.5 month the process got fully done. Services are better with the HDFC ltd and that makes to choose them.

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      chandrashekhar took a Home Loan from HDFC LIMITED Reviewed on
    • Validated User
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      HDFC Ltd is having the lowest interest for the home loan among the market.I got the interest as 9.9% floating. It was delayed for a month of time regarding the documents.The services are better with them. Finallly I got the loan after a month of time after I applied. The processing charge is a constraint for me because they charged around 11000 Rupees.

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      krishna took a Home Loan from HDFC LIMITED Reviewed on
    • Validated User
      (0)

      One thing there was the minor delay from the HDFC Ltd for my home loan.Rest things are really good with them.They are very friendly and co operative too. Initially it was 10.1% as the rate of interest , finally I got it up with 9.9%. It took almost 2 months of time to sanction the loan.

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      balaji took a Home Loan from HDFC LIMITED Reviewed on
    • Validated User
      (0)

      Service was good with Hdfc Ltd in terms of my home loan. The interest rates and charges are bit high. I spoke to the bank manager the response was good. The paper work and verification was fine. So within 10 days it was disbursed. No feed back or such everything was good with Hdfc Ltd.

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      ajay took a Home Loan from HDFC LIMITED Reviewed on
    • Validated User
      (0)

      An Emi for my home loan still running with Hdfc Ltd. This for 15 year. It was good with Hdfc ltd. The customer service was fast and informative. thy were quit transparent. The informed me what ever i wanted and got it what ever I needed.

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      ajay took a Home Loan from HDFC LIMITED Reviewed on
    • Validated User
      (0)

      Rate of interest for the HDFC Ltd home loan was around 9.85% and the processing charges was around 11000 Rupees.The services are good with them.I got the loan to be within 10 days of time.Documentation process was smooth and there is no barrier over there.

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      kushal took a Home Loan from HDFC LIMITED Reviewed on
    • Validated User
      (0)

      The service is better with the HDFC Ltd for the home loan which I have applied with them.The rate of interest was around 9.9%. Its the combined of the balance transfer and the top up loan.Documentation went really good with them.EMI deduction is the understanding between the company and the lending agency.

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      alagar took a Home Loan from HDFC LIMITED Reviewed on
    • Validated User
      (0)

      Quick process, I can say it from getting the home loan with the HDFC Ltd.The services are good and the rate of interest is 9.9%. Within 15 to 20 days of time that the loan got disbursed to my account.Documentation process went in the smooth manner. At one stop the everything got completed.

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      umesh took a Home Loan from HDFC LIMITED Reviewed on
    • Validated User
      (0)

      It was really good experience with the HDFC Ltd home loan.Documentation process is the only constraint for me and they can tell the customers to be very clear in the documents what are necessary.While it comes to the thing like processing and all everything is fine like the reception , welcome and all belongs to excellent service.

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      bala took a Home Loan from HDFC LIMITED Reviewed on
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