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User reviews
  • HDFC should provide better service for us, paper work should be more easy. I never get any proper emails from them, I use to get lot of calls initially but they never given me any feedback. It would be helpful if the property can be approved for Kerala.
    06:10 PM - Oct 31, 2014

    SUJITH KUMAR PG, delhi
    4.0/5 "Great!"
  • My experience with HDFC limited in terms of home loan is good. As I haven't finalized my property yet, I didn't go further. However, customer relationship officer did call me and provided detailed information. The interest rate is normal.
    06:00 PM - Oct 31, 2014

    S SANGEETA, chennai
    3.0/5 "Satisfactory"
  • I think Corporation bank has offered competitive rate and they disbursed the home loan amount within 15 days. All the benefits like pre closure and part payment are available in Corporation bank. They are bit slow in process and no updates on time thus I followed them to get status. However, I am satisfied.
    01:09 PM - Oct 30, 2014

    SUDHIR DHARAN, delhi
    3.0/5 "Satisfactory"
  • I had applied for home loan with HDFC limited and its in processing stage. I had already submitted the documents and its quite minimal documents given.Processing fees is around 13000 where 2000 for confirmation of the rate as per the market value. They could have negotiated in that part, however not made. I did spoke with the relationship manager where he is so interactive and he is giving up all the information. It would be fine if the relationship officer calls up instantly and intimate the offers so that could avail loan at the best rate.
    12:18 PM - Oct 30, 2014

    3.0/5 "Satisfactory"
  • Response was normal, I applied home loan with HDFC limited , Interest rate is very high to compare other bank , At the same time I got best offer from other bank so I dropped my loan approach with HDFC limited, I never got any call back about my loan procedures. it could better if they provide proper follow up for the customer.
    11:14 AM - Oct 30, 2014

    ADITYA VIJENDRA, bangalore
    2.0/5 "Expected more"
  • No much experience with HDFC limited because they have not interacted with me even once. I have dropped my plan in taking this loan as their rate of interest is high and there was not even a single follow up call from their end.
    06:06 PM - Oct 31, 2014

    ARUN KUMAR ROY, chandigarh
    4.0/5 "Great!"
  • I don't have much experience with HDFC ltd as I haven't availed home loan through them. But initially customer relationship officer contacted me they informed about the loan process, they did good follow up regarding my application. Overall their services are good but I felt their interest rate is very high when compared with others.
    05:58 PM - Oct 31, 2014

    NISHANT GUPTA, delhi
    4.0/5 "Great!"
  • I havenâ??t faced any issues with HDFC Limited. 10.15% of interest is competitive. I closed the application with HDFC Limited because my existing bank gave best offer in rate but I have no complaints at all. HDFC Limited is charging high processing fee so they could reduce it and waive it off.
    01:07 PM - Oct 30, 2014

    SUDHIR DHARAN, delhi
    4.0/5 "Great!"
  • The rate of interest that HDFC Limited offering is same like other banks. Staffs of HDFC Limited are good in response and I am very much happy with them. For home loan process I did not get response as satisfactory. They were ready to offer processing fee of 0.5% but it is too high according to me so I suggest HDFC Limited to lower the fees.
    11:54 AM - Oct 30, 2014

    3.5/5 "Pretty good"
  • I had selected the property but due to some personal issues I unable to take it so I skipped the plan of Home loan with HDFC Limited. I would take it after six months so sure I would come back to HDFC Limited. I did not go in depth to get full satisfaction but whole service that I got was really good. The rate of interest is around 10.5% to 11%.
    10:32 AM - Oct 30, 2014

    3.0/5 "Satisfactory"
  • Overall service with HDFC ltd is fine, The interest rate is very high when compared with others. Not an issue I have already applied in different Banks where I am eligible for a better EMI options. Now I am unable to take home loan with HDFC ltd.
    06:04 PM - Oct 31, 2014

    4.0/5 "Great!"
  • The response for my home loan with HDFC LTD was so fast. Customer relationship officer contacted me immediately, I liked the way they responded. I did not preceded my next step after that as their Interest rate was very high compare with nationalized bank
    03:48 PM - Oct 31, 2014

    4.0/5 "Great!"
  • I haven't had much interaction with HDFC limited When I applied home loan with them, actually I wanted some more information about the location but they couldn't confirm it. So in the mean time I did with others they confirmed it and I got response from the nationalized bank so I dropped my further move with HDFC limited.
    12:37 PM - Oct 30, 2014

    SAYED Z H , mumbai
    4.0/5 "Great!"
  • I did apply my home loan with many other bank, I got response from HDFC limited. Their services was good, they continuously called me and gave me proper details about home loan. Once I had already got better loan option in SBI and LIC compare to HDFC limited. I feel LIC provides less interest and fee charges. Apart from this its good experience.
    11:52 AM - Oct 30, 2014

    SHANKAR KOTI, delhi
    4.0/5 "Great!"
  • I approached home loan with HDFC limited, Instantly their customer relationship officer contacted me regarding my property location. Unfortunately I was unable to take this loan as I had some personal issues. Otherwise I felt their rate of interest and processing fees is little high.
    10:25 AM - Oct 30, 2014

    AYYAPPAN P, bangalore
    4.0/5 "Great!"
  • Regarding my home loan application with HDFC limited I never had much interaction. Their interest rate is very high which is 11% and disappointing thing is that they were not ready to reduce the rate of interest & I had to arrange money from other source
    06:02 PM - Oct 31, 2014

    4.0/5 "Great!"
  • I don’t have much experience with HDFC LTD, I did apply for a home loan with them, initially I had interest to take the loan but later we were in another plan so I dropped. Customer relationship officer were really good. The time what they took for proces
    03:31 PM - Oct 31, 2014

    PRAVEEN KUMAR, bangalore
    3.5/5 "Pretty good"
  • My experience with HDFC Limited was good and they gave regular follow ups. The relationship officers gave enough information about home loan. Due to some personal issues I closed home loan application. As per market, the rate of interest 10.15% is good. On the whole I felt good in dealing with HDFC Limited.
    12:26 PM - Oct 30, 2014

    4.0/5 "Great!"
  • I did applied Home loan with ICICI, processing time is very fast, They did very good job to me, Compare to other norms ICICI providing very less, I did approached for Rs.32 lack they did the same amount what I approached , It better they could reduce interest rate
    11:19 AM - Oct 30, 2014

    ADITYA VIJENDRA, bangalore
    4.0/5 "Great!"
  • I applied once home loan with HDFC limited there is no difference between other banks. All are offering the same thing, I didnâ??t face any issues with HDFC limited, I promised them after finalizing my property I will get back to them, My concern they should respect and wants accuracy of the customer, customer service was good but they use to call me once for every five days its embarrassing me. it would be nice if they avoid frequent calls.
    06:25 PM - Oct 29, 2014

    4.0/5 "Great!"
BankBazaar Home Loan is Rated as "Pretty good" by 3314 Users
 3.5 / 5.0   by 3314 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 31 Oct 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 3.5 /5.0
by 3314 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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