HDFC LTD Home Loan

HDFC LTD Home Loan
 4.0 / 5.0   by 930 users
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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.


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 23 Sep 2014

HDFC Limited Home Loan Details
Interest Rate (Monthly reducing balance) 10.15% to 10.40%
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.



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HDFC LTD Home Loan Reviews

76 % of our customers would recommend this bank. (709 out of 930) Write Review
Customer Reviews
Page 1 of 47 1 2 3 4 5
  • Validated User
    (0)

    I did contact HDFC limited local branch which is nearby my home. I know the officer who is working in HDFC limited very well who did help me a lot in overall loan processing. The guy named Dekantho Harali was too interactive and cooperative. 10.15% is the interest rate offered with 8500 as processing fees.

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

    The moment I applied home loan enquiry immediately I got reply from hdfc limited which was actually good. They provided all the information properly. Quite nominal interest rate as per the market. I havent finalized the property so I decided to close this proposal

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

    The experience with the HDFC Limited was good when i applied for the housing loan. The response was good from the customer relationship officer in updating the process of the loan and the documents that are required to process the loan. The loan application was canceled because the property was not finalized.

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

    I got a call from HDFC limited in terms of home loan and with HDFC limited, once initial sanction of loan is been done, the way of approach from officer is quite different. I am not happy about it. However, home loan is in the processing stage and it would get disbursed within few days. They had offered 10.15% interest rate with 11800 as processing fees approximately. Its quite hassle free. The biggest advantage is that the loan had been offered for the property is in the different state but the charges are higher.

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

    The overall experience was good when i applied for the housing loan with the HDFC. The way of approach from the customer relationship officer was good. The loan application was canceled from my end since i was unable to finalize the property.

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

    As I had arranged the money for my property by my own, I didn't avail home loan from HDFC limited. However, my experience is wonderful with customer relationship officer where he was very cooperative and helping me a lot. It was fair enough interest rates with quite a good loan amount. Overall I liked the way they responded and cooperated.

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

    It was quite good enough to apply with hdfc limited for my home loan application. Customer service and response was quite good. Follow ups are really good Quite high interest rates than other bank which I have verified. The interest rate doesnt suits my requirement so I closed this proposal

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

    As of now, I had postponed the plan of availing home loan. However, I liked the follow up from HDFC limited officer which was at regular intervals. I did receive a call twice or thrice but at last I intimated that I don't require home loan. Overall the experience is good.

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

    I had a great experience with the HDFC when i applied for the housing loan. The customer relationship officer was explaining me about the process in a professional manner however the loan application was canceled from my end since i was unable to sell my property to make the down payment.They even offered me a pr-approaval loan that will be valid for one year but i was not sure that i can sell the property so i have canceled the loan application.

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

    I have applied home loan application to hdfc limited . The executives needs to be improved more in terms of product and process while explaining to customers. The loan proposal got closed because the land was not coming under CMDA. They were not properly explained about the loan process. Overall good

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

    My home loan got delayed because of selecting the right property. Excellent customer service and awesome response. Pretty high interest rates . There is no issues from HDFC side. Everything was perfect . Overall good

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

    I have just applied to know the information about home loan . The moment I applied I got immediate response from hdfc limited. They responded very well for my application. Interest rates are quite nominal as per market. It would be nice if they consider on processing fees

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

    The overall service was good and the customer relationship officer from HDFC they called me regularly and had a follow up as per my convenience how ever the loan application was canceled from my side since the property was not finalized. In future if i am looking for housing loan i will prefer HDFC.

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

    The housing loan application was canceled by the HDFC when i ask the reason for cancellation of the loan application. They informed that i had a cheque bounce once so they have canceled the loan application however the overall experience was good.

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

    The overall experience was good with the HDFC when i applied for the housing loan. The customer relationship officer are very quick as soon as i applied through on-line i got immediate call and explained about the process. The loan was canceled from my end because i have dropped the plan of taking the housing loan.

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

    I have got best interest rate for my home loan application from hdfc limited compared with other banks. However the property which had been selected has not been approved by CMDA. Waiting for the approval. Customer service and response was quite good

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

    The experience was really good when i applied for the housing loan with HDFC. The customer relationship officer were polite in giving the details. The loan application was canceled from my side because i got the amount arranged from other resource however the overall experience was good.

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

    Customer service was quite good in hdfc limited. Due to some financial reasone I have closed this loan currently. The moment I applied for home loan I have got immediate call backs and response was quite great. Interest rates are equal compared to other banks

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

    Customer service was quite good . I have got proper follow ups from hdfc limited for my home loan applicaiton. Due to some personal issues from myside the loan got closed. The moment I applied the loan I got follow up calls within 2 days. Good

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

    I have applied for home loan application with nominal interest rates compared with other banks. They have to aggressively improve on their follow ups. They called me once and explained the loan process where I could understand. The process was slow hence I moved to other bank for my home loan

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    took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
Customer Reviews
Page 1 of 47 1 2 3 4 5

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