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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.
At least 21 years old
Less than 60 years old
Salaried with regular income
Earn more than the minimum
EMI limited to about 50%
of monthly income
Loan capped @ 85% of property value
EMIs of other loans lower
Make your spouse a co-applicant,
and her income will add
to your eligibility
Choose longer tenure loan up to 30 years
Alternatively add your parents
|Interest Rate (Floating)||9.85% - 10.35% (Special Rate for Women) 9.90% - 10.40 (Normal Interest rate)|
|Processing Fees||0.50% of the loan amount or Rs.2,000 whichever is higher, plus applicable taxes.|
|Loan Tenure||Upto 30 years|
|Partial pre-payment Charges||Nil|
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.
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.
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.
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.
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.
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
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