A "low interest" loan shouldn't mean you have very little interest in paying it back!

HDFC LTD Home Loan

HDFC LTD Home Loan
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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 @ 85% 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 19 Apr 2015

HDFC Limited Home Loan Details
Interest Rate (Monthly reducing balance) 9.90% to 9.95%
Processing Fees 0.50% of the loan amount
Loan Tenure 1 year to 30 years
Partial pre-payment Charges Nil
Pre-closure Charges Nil
Guarantor Requirement No guarantor required

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
Up to Rs.75 Lakhs 85% of the property cost
Above Rs.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.


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

  • 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 took a Home Loan from HDFC LIMITED. The customer support was good in terms of their services. And I am very mush satisfied with the interest rate offered it was 10.25%. I was updated with all the information and they are better compared to ICICI.

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

    I have applied for a home loan with HDFC Limited. The documents facilities are very high as they asked for many documents which I think few are not mandatory. And also their verification process takes much time. The verification process gets reduced if we have a good track of CIBIL record. Overall the services are very good.

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

    HDFC has offered 9.9% of interest rate and this is best in the market. Much satisfied with processing charge as it is nil for home loan. Starts from first year the rate of interest is floating. Overall it was good experience I would say with HDFC Limited. Actually delay was from my end and HDFC processed everything on time.

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    rajendra took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    HDFC Limited did very good job and the executive came my place to collect documents. The executive stayed with me till the end of the process, which I liked most and my queries been resolved immediately. They had stick on the commitment and the executive reached me before the committed time. The executive was very transparent because he mentioned clearly that unless until customer reaches for slow down of interest as on RBI guidelines it wonâ??t be moved. Charges were minimal on home loan.

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    ashok took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Response was not very good in HDFC Limited but rate of interest was good. Almost HDFC took six months to process my home loan. Officers failed to inform required documents accurately in one go which leads to submit documents for several times. The officer who was handling my case left the job in between so I did not get any status updates and I followed them to collect status. Post that one of the officers took charge and the process was on track. Required documents should be mentioned properly.

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    sunil took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Service is very good and HDFC Limited gave good respect. In terms of quality they are best and they were fast in tracking the customer details. They made to understand each and every step clearly and this is the highlight. For plot loan HDFC is giving five years of tenure where other banks are giving only two years, this is best feature. Though they are good in service there should be a scope of improvement always. Good about home loan process.

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    ashraff took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    As of now satisfied with the interest rate that been offered by HDFC Limited for home loan. At the start the executive mentioned that they would collect only processing fee but later they collected some miscellaneous for registration, which was not informed. Apart from the above said issue the process was smooth and paper works were less than other banks. To be very frank the processing time is very fast in HDFC so I did not mind about the interest rate.

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    prabhu took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    As per the bank norms HDFC Limited has offered the interest rate but the service charge was high than other private sectors. Home loan process was very fast and I did not face issues. When I took the loan the interest was 10.10% but it been reduced, I think as yet to check with the mail. Overall, satisfied with the service of HDFC.

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    sushant took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I got best in HDFC Limited in respect to home loan. I been tied up with HDFC for several years so much satisfied and their service is satisfactory. Other private sectors are offering around 9% of interest but I did not see any reduction on the interest rate from HDFC for home loan thus bit dissatisfied.

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    niraj took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Rate of interest on home loan is of 10.10%, which is of floating in HDFC Limited. This is balance transfer loan and initially I was informed that I can take both balance transfer and top up but later the executive informed that not possible of top up at present. They been collected around 2000 change for top up but till date never returned that, which I am concerned and they just returned of 530. Other than that documentation was smooth and simple during home loan process.

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    gamgam took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Initially I did try with other banks but response was not good and I tried with HDFC Limited as response was wonderful. Loan process was very fast and received the amount on time. In between there was some communication gap because they changed the alloted executive without prior intimation. Apart from that everything went smooth and got reasonable interest rate for home loan. Waiting time in branch is too long so they can enhance it.

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    saravanan took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    It was a good experience with HDFC Limited while the home loan process but there was a delay in approval of the loan and they did not respond properly. I would say processing fee as high and interest rate is fine where they gave 10.15% with floating of starts from first year. Tenure is of 15 years and the loan got sanctioned in time period of one month. Nice if HDFC speed up their process.

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    kishor took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Firstly I got HDFC Limited via online and I have taken home loan here due to their frequent approach. In middle of the process there was some delay but other than that everything was fine. Suggesting HDFC to inform required documents accurately in one attempt because I submitted documents for three times. Mr. Pradeep raj of HDFC had assisted well and really he was very helpful. Great if HDFC credit loan directly to the account instead of sanctioning via cheque.

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    doraiswamy took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    HDFC Limited is high in interest rate and processing charge. I did compare the processing charge with other two banks where they are giving nil but in HDFC they are charging. More than that sanctioning loan amount is less than any other sectors though the customer earns more. Customer support is good and got good response from HDFC Limited for my home loan process.

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    manishkumar took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    There was a delay in the process and almost HDFC Limited took four months to disburse the loan amount. All the sectors are promising a week to disburse the loan but the fact is that they are not sticking to their commitments. Due to delay in the process I paid penalty. Interest rate and charges are similar to others so no issues on that. My suggestion is that, the representative should be more knowledgeable about the product. Even I did not get the agreement copy from them regarding my home loan.

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    ram took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (2)

    Response was prompt in HDFC Limited thus I chosen it for home loan. Interest rate is similar to market rate where it is of 10.25% and this is floating. Documentation process was not simple and smooth where the required documents did not mention accurately in upfront, which results me to submit papers thrice. Partial payment options are there after two years.

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    raghavendra took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (1)

    I am holding a home loan from HDFC Housing Ltd. It took nearly 7 days for the loan to get disbursed. It was a very good services offered by them and also the processing got over within less time. The documents asked by them were only minimal with less paper works and also my loan got sanctioned immediately. Overall the company is good as they are very polite to the customers.

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    ananda took a Home Loan from HDFC LIMITED Reviewed on
  • Validated User
    (1)

    I took a home loan from HDFC limited. I had a very bad experience with the customer support and I was not happy with their service. On a initial stage they told about the documents that are needed. And later they came up asking for many other documents so the processing of loan got late. So I would like to tell that the information should be communicated properly and they should be more transparent with their customers. Also they should intimate about the new offers launched by the bank to their customer, while other banks does this.

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    sreevatsalan took a Home Loan from HDFC LIMITED Reviewed on
  • Validated User
    (1)

    HDFC LTD housing loan is a speedy process, I would say it is the apt one for the next generation. It has met customer's expectation. They were very transparent and they will offer the amount to the customer which they were eligible for. I am allowed to pay about 25% of the loan amount every financial year.

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    prabagaran took a Home Loan from HDFC LIMITED Reviewed on
  • Validated User
    (1)

    Five years ago I took the home loan for the period of twenty years and HDFC is very good in all the aspects. Rate of interest is 10.15% and this is floating for entire tenure. No processing charge been deducted. Alerts are timely from HDFC before the EMI date.

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    harshal took a Home Loan from HDFC LIMITED Reviewed on
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