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User reviews
  • I feel the experience is not much good with HDFC limited in applying home loan. When applying, the relationship officer did call me on a daily basis whereas at the time of rejection, there was no proper follow ups. It would be better if they could take care of the customer concern.
    10:51 AM - Nov 24, 2014

    , bangalore
    0.5 3.5/5 "Pretty good"
  • I was looking for balance transfer home loan, however it was not processed by HDFC limited as the property is Gram Panchayat. AS they said its not possible, I started trying with others. Rate of interest is impressive and that is the main reason I did approach HDFC limited.
    06:05 PM - Nov 23, 2014

    , delhi
    0.5 4.0/5 "Great!"
  • Am in a plan of availing home loan by next year as I haven't got the loan from HDFC limited. Only drawback is the property issues, however the customer relationship officer took initiative and did explain all the queries in detailed manner. I felt good to be with HDFC limited.
    05:51 PM - Nov 23, 2014

    , chennai
    0.5 5.0/5 "Blown Away!"
  • Personally, I feel HDFC limited customer relationship officer didn't take additional responsibility on resolving my queries and providing status of my application. There should be a initiative taken as the customer's would feel satisfied. Interest rates was quite acceptable however as my property approval was a issue, unable to avail home loan.
    10:28 AM - Nov 24, 2014

    , pune
    0.5 2.0/5 "Expected more"
  • I did take 11 lakhs home loan amount from Bank of India for constructing first floor of my apartment. Rate of interest is too higher which is around 11460. The customer service relationship with the customers is so cooperative. However, one thing is if charges can be lesser, it would be fine.
    06:04 PM - Nov 23, 2014

    , delhi
    0.5 4.0/5 "Great!"
  • My personal experience with HDFC limited in applying home loan is extremely good. There was not even a single call from the customer relationship officer which needs to be considered. Interest rate is too lesser than others. It would be better if they contact the customers and could make convenient.
    05:47 PM - Nov 23, 2014

    , delhi
    0.5 3.0/5 "Satisfactory"
  • From the time of application, there was no response or updates regarding the status of home loan application from HDFC limited. My suggestion would be not to remain silent and provide the status within short span of time rather than dragging for such a long time.
    06:11 PM - Nov 23, 2014

    , chandigarh
    0.5 3.0/5 "Satisfactory"
  • It was just a application submitted with HDFC limited, not even a single response received from them. Even email communication was not received from them. As per the market rate, rates and charges are same. Overall quite ok however needs lot of improvisation.
    05:59 PM - Nov 23, 2014

    , pune
    0.5 2.0/5 "Expected more"
  • Related to the salary norms, I had got intimated its not up to HDFC limited terms and conditions. My net gross salary is lesser however including all my incentives its higher which could be not included in salary norms. Services is good and it was a quicker services.
    05:45 PM - Nov 23, 2014

    , chennai
    0.5 4.0/5 "Great!"
  • Regarding ICICI, its good experience by availing home loan within a week. After application process, within 2 days documentation and verification process got completed. 10.10% is the interest rate offered with partial payment option done at any time.
    06:10 PM - Nov 23, 2014

    , chandigarh
    0.5 5.0/5 "Blown Away!"
  • Its a excellent service given by HDFC limited in terms of home loan. There was lot of suggestions provided to me as well as the requirements was taken faster. Even the response provided was quick and overall feeling good.
    05:55 PM - Nov 23, 2014

    , hyderabad
    0.5 5.0/5 "Blown Away!"
  • As my property is not DTCA approved, i was not able to avail home loan from HDFC limited. Am quite disappointed in not availing home loan, however the response provided is quite prompt in manner. Interest rate is quite nominal.
    05:39 PM - Nov 23, 2014

    , chennai
    0.5 3.0/5 "Satisfactory"
BankBazaar Home Loan is Rated as " Great!" by 2387 Users
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Fees & Charges

Promised Interest Rate

Customer Service



You're eligible for a Home Loan if you:

That's 21 years old, same time that everything besides milk becomes legal too

Are legally adult enough to handle it

Less than 65 years of age, because sanguine golden years are for playing golf

Have still got it

Salaried or self-employed - whatever puts food on your table

Get a regular pay check

There's a minimum amount for that regular pay check

Make more than a basic buck

Your eligibility depends on

So you'll have enough for life's other goodies

EMI limited to about 50%
of monthly income

So you have something to call your very own from the get go

Loan capped @ 75% - 85% on property value

So you don't bite off more than you can chew. Trust us, it's less painful this way

EMIs of other loans lower
your eligibility

Boost your eligibility by

Her income will bolster your eligibility and make good on your wedding vows of sharing, caring and avoiding doing the dishes.

Making your spouse a co-applicant

We've all learned that haste makes waste

Choose longer tenure loans of up to 20 - 30 years

They will always remain older, wiser and more credible than their offspring.

Alternatively add your parents as co-applicants

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Processing fee cheque
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Home Loan Interest RatesUpdated on 27 Nov 2014

Home Loan Details
Interest Rate (Monthly reducing balance) 10% - 10.5%
Processing Fees 0.5% of Loan
Loan Tenure 1 year to 20-30 years
Partial pre-payment Charges Nil
Pre-closure Chargest Nil

Wondering What a Home Loan is? – An Overview:

Home or housing loans are advances made to borrowers who require funds to purchase houses/flats/land. They can also be availed of for construction, extension and renovation of houses. Lenders can be banking or non-banking financial institutions.

Features of Home Loan:

The salient features are outlined below:
  • They are secured advances.
  • Collateral is usually the property that is being funded. Existing property can also be put up as security.
  • Interest rates are flexible being either Fixed, Floating or a combination of fixed and floating.
  • Home loan interest rates are lower when compared to unsecured personal advances.
  • The advance can be used to fund property for residential or investment purposes.
  • Amounts offered are higher than under other types of loans; up to 85% of the property value.
  • Repayments are made in EMIs (Equated Monthly Instalments).
  • Pre-payments are allowed, to reduce liability.
  • They are long-term in nature; tenors usually vary between 5 - 30 years
  • Non-interest charges include processing fees, pre-payment charges, inspection fees, documentation fees etc.
  • Co-applicants/joint-applicants are allowed.
  • They qualify for tax benefits as per provisions of the IT Act, 1961 (subject to changes).

Home Loan Eligibility - Getting In On the Deal:

Every lender assesses a customer differently but, by and large, the basic criteria a borrower should satisfy to be eligible for a home loan are outlined below:
  • Age: The minimum age at the time of application should be 21 years. Repayments have to be completed before the age of 60 or 65.
  • Employment: Ability to service interest charges, as reflected in the borrower’s earning capacity, is important. Borrowers should:
    • Be salaried employees or self-employed persons (professional/non-professional)
    • Have been in employment/business for at least 3 years of which current employment should account for at least 1 year.
  • Income: A minimum income varying between Rs.5 - 7 lakhs would be required. This depends on the nature of employment i.e. salaried or self-employed.
  • Residence: At least one year of stay at the current residence is required to display stability.
  • Credit Rating: A good credit score is required (a score of 750-900 from CIBIL is considered good). Besides this, a healthy financial background is vital for approval and to determine the interest rate and loan amount.

Documents Required for Home Loan - For the file!

Documents to be submitted differ according to the eligibility requirements. The following, however, are commonly requested for:
  • The application form which has to be signed and affixed with the specified number and size of photographs.
  • Proof of identity, address, employment, income and tax paid as per KYC requirements. This usually includes:
    • Passport/Voter ID//Driving License/Ration Card/Utility Bills/Lease Agreements/Property Deeds/Salary Slips (3 most recent months)/Salary Certificate/Bank Statements (3-6 most recent months)/Audited financial statements/Form 16/ITR/Business deeds e.g. MOA, Partnership Agreement etc./Appointment Letter
  • Documentary evidence of the property to be funded.
  • Cheques for payment of fees charged to process the application.
In case of a joint application, the co-applicant will also be required to furnish similar paperwork.

Beat the Heat - Apply Online:

The trials and tribulations one has to go through in order to figure out where to get the best offer from can be truly taxing to the mind, body and spirit.
Performing the age-old task of going to each financier, finding out what offers are available, collating the information, calculating EMIs, submitting the required documents and following up on applications can take a toll on any potential borrower.
The best way to save on time, money and effort is to go online. Applying for home loans online is gaining popularity in India and fast becoming the mode of choice for many borrowers.

Why BankBazaar? Check it out!

BankBazaar is India’s leading portal for financial services where different home loan offers can be compared at one place and applied for without having to visit any lending institution.
Here’s what users can do:
  • Define loan parameters to receive free quotes, instantaneously, in an easy-to-understand manner.
  • Compare offers to identify the right lender to deal with.
  • Make real-time home loan comparisons to find the lowest rates in the market. At BankBazaar, interest rates are constantly monitored and updated to reflect the latest changes made by financiers.
  • Avail exclusive discounts and deals for huge savings through BankBazaar’s active collaboration with leading financial institutions.
  • Check eligibility online using BankBazaar’s home loan eligibility calculator and get immediate e-approvals.
  • Determine repayments using BankBazaar’s home loan EMI calculator which also provides amortization tables.
  • Browse user reviews to gain insights on service provided by various institutions.
  • Apply online for the chosen product directly through the site.
  • Receive end to end guidance from a dedicated customer care team for smoother processing leading to quick disbursal of money.
  • Get regular status updates.
Obtaining the right home loan is crucial to proper financial planning. It all begins with a successful search process that facilitates quick receipt of funds and guarantees peace of mind.

rated 4.0 /5.0
by 2387 users
Over 5,00,000 Happy Customers with loans & cards
Hdfc Bank CITI Bank ICICI Bank AXIS_BANK Bajaj Fin Serv Bank Magma Standard Chartered Bank Indusind Bank American Epress Bank DHFL SBI Card Tata Capital Fullerton Bank Credila HDFC TVS CREDIT SERVICES PNB Housing Finance Limited LIC HFL
Compare multiple options and choose the one that best suits you

Compare the best home loan offers in town and locate the lowest rates!

Offers to Compare
Over 25 offers to compare!

This is our forte- helping you compare the finest deals. Additionally, we'll handpick offers that suit your profile and present the best rates from several banks, so you can make a thoroughly-informed decision.

Breaking Down Offers
Breaking down offers

We're obsessed with giving you a 365 degree view of offers. So, we'll break it down for you - EMIs, eligibility, maximum amount that can be borrowed, fees, hidden charges... no more getting fooled by the fine print!

Why Apply Online
Preferred over builder

There's a good reason by thousands of customers choose BankBazaar - we support you in many more ways than a builder would through the process - multiple options & timely handheld support.

Cheaper then Dealer
Why apply online?

You don't have to fight for parking space! Jokes apart, applying online will help you save time and money; plus, you'll be able to use the services of our super-friendly customer service team at anytime and get all your queries answered.

Comparing Best Loans
Done comparing! Now what?

We showcase the best loan offers and help you compare them... what next? Well, we'll aid you in applying to the bank of your choice and work with you right up to the delivery of the loan!

Still have a gazillion questions?
Still have a gazillion questions?

Think of BankBazaar as your loan-savvy buddy! Our customer support team is at your service to clear doubts on eligibility, offers, procedures and documentation, and help you apply. They'll even co-ordinate with the bank to get you your loan on time.

Connect to the Bank
We'll connect you to the bank

We know the bank guys really well! So, if you want to talk to a bank representative or get help on your loan application, we won't just connect you to them; we'll also do the follow-up on your behalf.

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