A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • HDFC LTD Home Loan

    HDFC Home Loan
     3.5 / 5.0   by 2459 users
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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 05 Jul 2015

    HDFC Limited Home Loan Details
    Interest Rate (Floating) 9.85% to 9.95%
    Processing Fees 0.50% of the loan amount
    Loan Tenure Upto 30 years
    Guarantor Requirement No Guarantor Required
    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 Bank Reduces Lending Rate By 0.15%

      HDFC Bank, one of the largest private sector lenders in the country, has reduced its lending rate by 0.15%. Earlier, HDFC’s lending rate, i.e. the base rate, was 9.85% and now it has been reduced to 9.70%. In the last couple of months, many public and private sector banks in India have reduced their lending rate after a reduction of policy rates by the RBI.

      Raghuram Rajan, the governor of RBI, has also urged the bank to revise their lending rates after the policy rates were revised by the RBI and the Finance Minister, Arun Jaitley, also supported this revision and advised the same.

      Within a short duration of 3 months, HDFC bank has reduced its base twice. Thus, this is an ideal time for the customers of the bank to avail home loans, personal loans and other loans at very attractive interest rates.

      23rd June 2015

    • 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
    Page 1 of 50 1 2 3 4 5
    • Validated User
      (0)

      I am holding this HDFC LTD housing loan for a long time. Interest rate offered by them is as per the market rate. Processing fee is zero. Documentation process was very fast. Customer service was good. It would be great if all the banks follows HDFC LTD Principle as it is that good. Both HDFC LTD and customer were made for each other.

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

      The process was really good while I got this Home loan with HDFC Ltd.The customer service provided was really good and the interest rate offered was quite good.The documentation process was taken care by the dealer themselves and the process was wonderful.The processing fee was quite high.

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

      I have taken a home loan with HDFC Ltd. I got it as soon as possible. The services has been good and responsive. The rate of interest and processing fees was high compared to other banks.

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

      I Just applied for the home loan with the HDFC Ltd.My loan got approved with them and they followed me very nicely.The processing charges are around 11000 Rupees.They collected the documents on the time basis and its very simple one.I am happy with their service.

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

      I took the Housing loan with HDFC Ltd.The rate of interest was fixed for 2 years with 8% and increased it up to 12%. They provided around 80% of the basic value of the property with registration and the stamp duty.Their service was poor with them because there was delayed to provide the funds even though I had the documents very perfect.Finally everything got settled up.

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      rajeev took a Home Loan from HDFC LIMITED Reviewed on
    • Validated User
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      Interest rate is very low for home loan but not satisfied with processing charge. Other sectors are not charging for service charge so great if HDFC Limited ignore it. I was informed fore closure to be nil. My initial experience with the HDFC was smooth and got the amount on time.

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      mahesh took a Home Loan from HDFC LIMITED Reviewed on
    • Good
      https://cdn1.bankbazaar.com/images/customer_review/default-unknown-person.png
      , bangalore
      Recommend Recommended by user
      Validated User
      (0)

      My home loan experience from HDFC limited was good. I had taken the loan through HDFC through one of my relative. It took one and a half month time for the loan amount to get disbursed. The time taken for verification of the property was quite long time. It would be nice if the proper guidelines is been set for property verification.

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

      I have taken a Home Loan with HDFC LTD and I got this because the project was associated with them.The interest rate offered was same like a Bank rate and they took more than a month to disburse the loan and the delay was due to my property is in out of station so I would like to suggest it will be better if they make flexible for out of station plots as well to make the process done within a month.

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

      I got the home loan with HDFC Ltd.The experience is good with them.The rate of interest was around 9.85% and am happy with them.The processing charges are not kind of okay but its acceptable due to their speed of processing

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

      HDFC Ltd executives contacted me and they accepted the property what I finalized and they said its okay to provide the funds for that up to 70 to 80%.Later when I was approached after some days, they started to go ahead with the process by getting the documents with myself.Everything is in under process.The experience is really good with them

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

      My expropriation was high but the service provided by HDFC ltd was not the up to the mark while the home loan process. All most they took 40 days to disburse the loan. Documentation process was not smooth as the representative who came to collect does not have much knowledge about the process thats why there was delay in the disbursement. Interest rate and processing fee charged were nominal.

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

      I had a good experience with HDFC while I got this home loan.The customer service provided was also really good and they took around a months time to disburse the loan amount.The interest rate offered was common like others which was around 10.15% and I am unhappy with the processing fee because it was really high.

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

      I dint took the home loan with the HDFC Ltd due to some of my personal reasons.Th property which I choose was not yet got finalized.So I have postponed the plan for some extent.They are really good with the service and the services and other aspects.

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

      Home loan taken from Hdfc Ltd was a good service. There is lot of documentation. I went to the branch and submitted the document. Within a month I got the loan from Hdfc. Interest rate is floating. I was expecting for rate cut but I am okay with that. The processing fee is good. Service is good,most of the things are done in online only. So Hdfc Ltd is one of the best to deal with Home loans.

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

      I got the call very immediately with HDFC Ltd regarding about the home loan that I applied.The rate of interest was okay that was merely to the market rate.The responsiveness and the services are really good.I have put the process of construction in pending and that was the reason I just rejected the application .

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

      I got the call very immediately with the HDFC Ltd for the Home loan.The rate of interest was okay for me and it was around 10.5%.I have not yet finalized the property and that was the main issue with them.So the application got rejected with them.The responsiveness is really good with them

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

      HDFC LTD Housing loan process is good. They are providing good interest rate and many other options. They are very much responsive and they verify the documents very clearly and completely. Property valuation is still going on..,..,.,.,

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

      By the month of march, I applied for the HDFC ltd regarding about the home loan.The rate of interest was around 10.15% and I was looking lower that.The charges are really okay and the processing fees are o.5% of the capital.I am happy with that.Unfortunately I got some good offers with some other bank.

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

      HDFC LTD housing process is good. They were very much responsive. The loan was processed within 2 weeks of time. Documentation process was very simple and easy. Executives has got a sound knowledge about the products and I have got all paper works as well.

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

      I got the call very immediately with the HDFC Ltd for the home loan.The rate of interest was around 10.10% and am okay with that.The charges are around for 2% for the processing.The application got rejected due to that I got the better offer with other bank.

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      dharmendra took a Home Loan from HDFC LIMITED Reviewed on
    Customer Reviews
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