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 (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|
|Guarantor Requirement||No guarantor required|
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|
|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.
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.
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.