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 23 May 2015

HDFC Limited Home Loan Details
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
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 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
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  • Validated User
    (0)

    After collecting the application form for home loan, They took 15 to 20 days for the process. Again they came up asking for some more document even though they collected few documents initially. Actually the representative should have told me before itself about the required document. So this took about 3 month for the disbursement. This was quite annoying. And It would be better that the customer service should be more visible or transparent to their customers knowing their application status. Apart from that it is good.

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

    Actually I tried taking home loan from Hdfc Ltd, It was a fantastic experience. I thing they should improve little more towards the service provide to the customers by giving providing information and little more transparent. Apart from this everything is good and I am okay with them.

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

    I feel that the processing charges are maximum with HDFC LTD. They charges me around Rs 8000. So this can be reduced. Apart from this everything is perfect and positive no negative feedbacks. It took 1 month for the disbursement. the processing time can be reduced as well.

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

    I have taken a home loan from the HDFC LTD and the experience is good.They took 15 days for the disbursement of the loan. First the interest rate offered by the company was 10.5% and then it was reduced to 10.3%. The company should avoid the extra charges on the bulk payment.

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

    The partial payment for online transfer is sometime is not available. Because Only limited amount can be transfered. In this case I had to use my cheque for the partial payment. It would be better if they enhance the online transfer. Apart from this I am happy with Hdfc Ltd in terms of home loan.

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

    I took home loan from Hdfc Limited. I am happy with Hdfc ltd. The only thing is the processing fee which is bit high. I was charged around Rs 7000 . So it would be better if they decrease the charges. It took solid 1 month for the disbursement of my loan .

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

    I feel that the processing fee is quite high. There are many hidden charges. Apart from processing fee I was charged an extra Rs 9000 which was not told to me. This is annoying. There were no proper response. I dint get proper response on time. Hence I feel that they should be more clear and transparent about the charges to the customers.

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

    In HDFC limited they charge processing fee for home loan. While IDBI do not charge for processing the loan. Hence switched over to IDBI. I prefer that it would be nice that HDFC give some offer in terms of processing fee or waive off the processing fee.

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

    I had no issues while processing my home loan with Hdfc ltd.The service was good. The documentation was fast and quick but then also it took about one month to complete the whole process. Hence the processing time can be improved a little quick.

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

    I took home loan from Hdfc Ltd. The customer service were very helpful. It took long time for the disbursement. Even though I submitted my documents on prior it took three months to get my loan amount. The processing time has to be improved. Also the charges are bit high and that can be reduced as well.

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

    Actually I tried for home loan with Hdfc Ltd. I was expecting more loan amount but unfortunately I was not provided with what I expected. Hence closed my application with Hdfc ltd. They have to work on reducing interest rate which is currently high compared to the other banks.

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

    HDFC LTD housing loan process is really good, they are very fast as well. Within a span of 20 days they have provided the loan. They were providing information about the interest rate and loan amount as well. They were providing different rates like 10.25% and 9.85% and I am not sure which one they have offered to me.

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

    I have a long term relationship with HDFC so it was easy to avail home loan and they processed the loan in a short period of time. Also got some concession on interest rate and got it done for 10.75%. I got clear picture about loan and charges were nominal. EMI date is 10th of every month.

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

    I had a wonderful experience with HDFC while getting a home loan.The service was really fast and the customer service provided was also very good.I would say it was a perfect service provided and the the interest rate offered was also good. I donâ??t have any negative feedback for this particular Comapany .

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

    HDFC LTD housing loan process is very good. They have called me several times and they convinced me with the best offer and they are the best in the market. Rate of interest offered by them was really good. Processing fee charged by them is the best in the market. They are very quick in providing the service. At the same time HDFC LTD did not send any notification confirmation of the rate fall until I approached them personally.

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

    Since I dint get proper response from the customer service of Hdfc Ltd I did not avail the home loan. The response should be improved in terms of home loan . and proper feedback should be given in term of the status of my application. Hdfc ltd is average they got to improve more.

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

    My project is not approved by Hdfc ltd hence did not avail loan from Hdfc ltd. Other than this I see that they take lot of time to respond. Being a private ltd definitely they had to improve in terms of response. As per the market the interest rate is competitive.

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

    My builder actually linked with HDFC Limited and so it was easy to process the home loan. Just I paid 8.5k for service charge on the amount of 21lakhs. Loan amount was processed and delivered in a short period of time and documentation was easy. Executives explained well and it was really easy to understand. When I took this loan, interest rate was 10.15% and now it reduced to 9.95%.

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

    I am having the housing loan with HDFC Ltd for the rate of interest as 10.15%.I am very okay with that and the loan got disbursed in a month due to the delay in documentation and other process.They are providing the online tracking service where I can find how much that I need to pay as rest and all other details what are specified to loan.

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

    Due to a personal experience I have postponded in taking my home loan from Hdfc Ltd. Customer service was really good. The follow up was quick enough. So on a whole I found that Hdfc is good.

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    manas took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
Customer Reviews
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