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    HDFC NRI Home loan

    We found 1 HDFC NRI Home loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.35% - 8.60% Floating
    Up to 0.5% (max. ₹11,500) One time fee
    5L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria

    HDFC NRI Home loan is Rated as "Great!" by 4765 Users

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    Promised Interest Rate

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    Home Loan BYTES FROM OUR KITCHEN

    HDFC NRI Home Loan

    The Housing Development Finance Corporation, popularly known as HDFC, was established in 1994 and was amongst the first Indian Banks to obtain an in-principle approval from the RBI. HDFC serves over 28 million happy customers by offering a wide array of financial services and products including NRI, SME and wholesale banking solutions. When it comes to NRI banking, HDFC has specially crafted products like payment services, insurance, investments, loans and deposits which have been designed keeping in mind the requirements of Non Resident Indians. A pioneer in home loan portfolio, HDFC home loans will help you fulfil the dream of owning a property. Flexible tenures, minimal documentation requirements and expert guidance will ensure you a delightful home purchase experience.

    Types of HDFC Bank NRI Home Loans:

    • TruFixed Plus Home Loan – 2 Year Fixed Rate Variant

      This type of housing loan offers you the flexibility of part fixed rate term and part flexible rate term. Fixed rate can be availed for a maximum tenure of 2 years and post that, the loan will be automatically changed to adjustable rate to a total of 20 years.

    • TruFixed Plus Home Loan – 3 Year Fixed Variant

      This type offers customers the flexibility of having fixed rate for a term period and flexible rate for the remaining tenure. Under this scheme, you can avail a fixed rate for up to 3 years and flexible rate post that period for a total tenure of up to 20 years.

    • Adjustable Rate

      Linked to HDFC’s RPLR, Retail Prime Lending Rate, the interest rate will be revised once in 3 months. The revision will be based on the date of first disbursement with or without an EMI change. The interest component in monthly repayment may increase or decrease depending on the interest rate fluctuation.

    HDFC NRI Home Loan Eligibility and Documentation:

    Eligibility:

    This loan can be availed by a person who is residing abroad but is a citizen of India or is of Indian origin. The person might stay overseas for the purpose of employment, business, vocation or education. Generally, the eligibility criteria for NRI Home Loans will include age, income per annum and the number of years that the applicant has stayed abroad. Depending on loan tenures, the annual income criterion will also vary.

    Documentation:

    The documents required vary depending on the applicant’s employment, country of residence and source of income. The following documents might be asked for during the application process.

    Identity and Address Proof:

    Any one of the following documents - passport (compulsory), Voter ID, PAN Card with allotment letter and Aadhar

    Income Proof:
    • Salary slip for the last 3 months specifying name, date of joining, salary and designation
    • Copy of appointment letter or employment contract
    • Copy of the last 6 months’ bank account of NRI/NRO accounts in India and also that showing the salary credits
    • Most recent credit bureau report if applicable
    Other Documents:
    • Copy of valid resident Visa stamped on passport
    • Occupational history
    • Cheque for processing charges
    • Passport size photo of all applicants, signed across
    Property Documents:
    • Copy of Agreement of Sale
    • Title Deeds with previous chain of property-related documents
    • Receipts of all payments made to seller

    For a more exhaustive list of documents required and eligibility criteria, do enquire with the nearest HDFC Bank branch.

    HDFC Bank NRI Housing Loan Interest Rates:


    Countries : The UK, the USA, Singapore, Middle East and other countries
    Purpose: Home construction, resale property purchase and new home purchase
    Loan TypeLoan QuantumInterest Rate per annum
    Adjustable Rate Loan for WomenAny Quantum9.85 to 10.35%
    Adjustable Rate LoanUp to and including Rs.75 lakhs9.90 to 10.40%
    Over Rs.75 lakh9.90 to 10.40%
    TruFixed Plus Loan – 2 & 3 year fixed variantUp to & including Rs.75 lakh9.95 to 10.45%
    Above Rs.75 lakh to Rs.5 crores10.05 to 10.55%
    Above Rs.5 crore10.15 to 10.65%
    TruFixed Plus Loan – 10 year Fixed VariantUp to & including Rs.75 lakh10.05 to 10.55%
    Above Rs.75 lakh to Rs.5 crores10.20 to 10.70%
    Above Rs.5 crore10.30 to 10.80%

    The rates given above are applicable for the purchase of a new home, resale property purchase and home construction in India by NRI’s residing in the UK, the USA, Singapore, Middle East and other countries.

    HDFC NRI Home Loan – Fees and Charges:

    Processing ChargesRs.2000 or up to 1.25% of loan amount, whichever is higher plus taxes
    Switching from Adjustable Interest Rate options0.50% of outstanding plus disbursed amount or Rs.50,000 whichever is lower plus taxes
    Delayed Payment ChargesAdditional interest of up to 24% per annum
    List and photocopy of documentsUp to Rs.500 each
    PDC SwapUp to Rs.200
    To increase or decrease loan termUp to Rs.500

    HDFC NRI Housing Loan EMI Calculator:

    Before securing a home loan for the property of your choice, you should assess your affordability. This will ensure that you don’t go overboard with the loan amount and also help you select a property that fits your budget. You don’t have to waste a minute of your precious time by manually calculating the repayment. Instead, you can use an online home loan EMI calculator – you just have to input essential details like loan amount, interest rate, tenure in years and processing charges. In an instant, the EMI calculator will project the amortization details and total interest to be paid towards the loan. You can check if the EMI is affordable and keep varying the parameters till you arrive at a comfortable repayment schedule.

    Features and Benefits of HDFC NRI Home Loan:

    • HDFC offers housing loan for NRIs with very competitive and affordable interest rates and flexible tenures.
    • Customers don’t have to worry about hidden charges and are guaranteed of a transparent loan processing procedure.
    • HDFC Housing Loans for NRIs can be availed for a variety of reasons like purchase of new home, property construction and for purchase of resale property.
    • Loans are extended to people residing in countries like the UK, the US, Singapore and a list of other countries. Also, those employed in the Merchant Navy can avail HDFC NRI Home Loans.
    • Borrowers are offered home loan advisory services in the country that they currently reside.
    • Flexibility to select from floating or fixed interest rates.
    • A maximum tenure of up to 20 years will ensure that the EMI is made affordable.

    HDFC NRI Home Loan FAQ

    1. Am I allowed to make a prepayment of the loan?

      Yes. For prepayment amount up to and including 25% of principal balance for the corresponding financial year, no prepayment charges will be levied. For part-prepayment over 25% of loan amount will attract a charge of 2% of amount being prepaid plus taxes.

    2. Can I convert from TruFixed plus Home Loan to adjustable interest rate option during the period of initial rate of interest?

      Yes. You are offered the flexibility to convert during the fixed tenure by making a payment of an upfront conversion fee of 1.75% of principal outstanding plus the undisbursed amount with additional taxes.

    3. What is the charges for re-appraisal of loan?

      For re-appraisal of loan after 6 months from the date of sanction, customers have to pay a nominal fee of up to Rs.2000 plus additional tax charges.

    4. Can I nominate my friend as a co-applicant?

      No. Co-applicants can only be family members like parents, spouse or children. All proposed owners have to be co-applicants of the property.

    5. What is the maximum loan amount that is offered by HDFC for NRI housing loans?

      For loan amounts up to Rs.75 lakhs, 80% of the property cost is offered as loan. For loan amounts exceeding Rs.75 lakh, 75% of the cost of property is offered as funding. However, the quantum of loan is also based on the market value of property and the applicant’s repayment capacity which will be suitably assessed by HDFC.

    6. Can I avail a tenure of 20 years for my loan?

      Tenure is decided based on the profile of applicant, customer’s age at maturity, age of property at maturity of loan and also on the loan quantum and repayment scheme. However, the maximum tenure is 20 years and a suitable tenure is offered after assessing the above parameters.

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  • HDFC NRI Home Loan Reviews

    • HDFC Limited Home Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      Communication part was not good with the HDFC limited on my home loan like that did not stick to their commitments. Rate of interest was not at all constraint and I would like to suggest that they need to call the customer at a specified time..
      Was this review helpful? 0
      , chennai
      Reviewed on May 22, 2017
    • HDFC Limited Home Loan
      "Best interest rates with long process"
      0.5 3.0/5 "Satisfactory"
      The major drawback with HDFC LTD is their process. as it is very slow, also they don't respond nor they provide the status of the loan. I had applied for the loan during the month of November, but I got the loan during the month of April which is too long. Totally, they took around 4 to 5 months of time to disburse the loan. The rate of interest is very much nominal but for the documentation and for the processing they had charged around 22k. Expect for the interest rate everything else has to be improved and they need to focus a lot on the communication with the customer. Also they need to be more clear their process and in providing the application status.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 22, 2017
    • HDFC Limited Home Loan
      "Very Good"
      0.5 5.0/5 "Blown Away!"
      I had applied for the home loan with the HDFC LTD and it took minimal time to complete the documentation process and it got disbursed on time. Documentation was really fast They were very much good in their services. They kept contacting me continuously. The rate of interest was 8.7% and other charges was around 18000 rupees and this was for a tenure of 11 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 21, 2017
    • HDFC Limited Home Loan
      "Very Good"
      0.5 4.0/5 "Great!"
      They are good in the service provided related to the home loan process related to the HDFC LTD They required much documents and the process was convenient also .1st bank executive came and collected the documents later on I also had to go the bank to sing some annexture the loan amount I applied for 27 laks and I received full amount 13000 charges was there need to pay and the ROI was 8.5% and tenured for 10 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 21, 2017
    • HDFC Limited Home Loan
      "Satisfactory services"
      0.5 4.0/5 "Great!"
      It was a on time process for me at HDFC Ltd. The team processed my details on time and the disbursement for the home loan also happened on time. They were nominal on the rate of interest and processing charges. I got a rate around 9% and in all a satisfying experience.
      Was this review helpful? 0
      , indore
      Reviewed on May 19, 2017
    • HDFC Limited Home Loan
      "Overall good process"
      0.5 4.0/5 "Great!"
      It was overall a good experience with HDFC LTD for the home loan. But there was a bit of a delay during the process. The whole thing was completed within one month. The rate of interest was nominal. It was around 9% and the processing charges were normal too. It was in line with the market rate.
      Was this review helpful? 1
      , kolkata
      Reviewed on May 19, 2017
    • HDFC Limited Home Loan
      "Below average"
      0.5 1.0/5 "Really Bad"
      The rate of interest levied was around 8.5% for the home loan with the HDFC limited , also I expected that should be get reduced. Overall , my experience is very much satisfactory. Processing charges were huge with them and the loan amount got disbursed during the month of May.
      Was this review helpful? 0
      , pune
      Reviewed on May 18, 2017
    • HDFC Limited Home Loan
      "Better Service"
      0.5 3.5/5 "Pretty good"
      I had taken a housing loan from HDFC Ltd. Interest rate is something equal to the market value so I am satisfied with that. The process went good without any hurdles but in the initial stage they provided a very good service, later on I had to followup with them for the process. Customer support was good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 18, 2017
    • HDFC Limited Home Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      Hdfc limited has done the home loan in quicker process. The verification and the documentation took around 7 days and the loan got disbursed in next 7 days, which was done within the promised time period. The hdfc interests and processing fee is nominal here.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 18, 2017
    • HDFC Limited Home Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      I got enough support from HDFC Ltd for my housing loan. They are very prompt in document collection, submission, processing the application and everything. They are very good in followups, I did not find any difficulties while processing the loan. The service is completely good.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 18, 2017
    • HDFC Limited Home Loan
      "Simplify the process"
      0.5 2.0/5 "Expected more"
      I had taken housing loan from HDFC Ltd in the year of 2012. The current interest rate of my housing loan is of 8.85% which is as same as other banks, there is no much difference in the rate of interest. The loan process is really not simple with them, it is very hard.
      Was this review helpful? 0
      , haldwani
      Reviewed on May 17, 2017
    • HDFC Limited Home Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      It was a hassle free experience with HDFC Ltd for the home loan. Everything was on time and there was no delay, after submitting my documents the loan loan was sanctioned within a week. The disbursement was on the date I requested for. The rate of interest was of 9.15% during the process of the loan and when it was disbursed it was of 8.5%.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 17, 2017
    • HDFC Limited Home Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      8.5% was the interest rate for my home loan with the HDFC limited and the customer service was good and the loan amount got disbursed within fifteen days of time. Services are also fine one with the HDFC limited and the processing charges were nominal one.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 16, 2017
    • HDFC Limited Home Loan
      "Best"
      0.5 5.0/5 "Blown Away!"
      I got the home loan with the HDFC limited and the interest rate was around 8.6%. Loan amount got credited to my account within ten days of time. Services and other aspects are best one with the HDFC limited with nil processing charges.
      Was this review helpful? 0
      , coimbatore
      Reviewed on May 16, 2017
    • HDFC Limited Home Loan
      "Reliable"
      0.5 4.5/5 "Excellent!"
      Actually, The experience was good with the HDFC limited for my home loan. Everything got happens at the right time and the rate of interest was around 8.5%. Loan amount got disbursed to my account within stipulated time period, also there was delay from both of the ends.
      Was this review helpful? 0
      , chennai
      Reviewed on May 16, 2017
    • HDFC Limited Home Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I got the home loan with the HDFC limited because they have sound knowledge in it. 8.5% is the rate of interest and the services are fine one with them. I got the loan amount as immediately. Documentation papers went in the normal way.
      Was this review helpful? 0
      , chennai
      Reviewed on May 16, 2017
    • HDFC Limited Home Loan
      "Satisfied"
      0.5 4.0/5 "Great!"
      HDFC limited has provided the best rate of interest and the offers, so I had choosen HDFC limited for the home loan. 8.5% was the interest rate at that time for the home loan. Within two months of time, I got the home loan , also the delayed due to my end also. There are no suggestion to for HDFC limited.
      Was this review helpful? 0
      , pune
      Reviewed on May 16, 2017
    • HDFC Limited Home Loan
      "Good. Could have been more helpful"
      0.5 4.0/5 "Great!"
      It was a smooth process with HDFC LTD for a home loan because they were helpful, especially the executive named Prabhu at the Chennai office. He went beyond his capablities to sort out my queries. The process took two and half months because I delayed to submit few documents. The rate of interest was of 8.5% and the processing charges were waived off. The Legal team was not supportive as they wanted a rectified sale deed but they were not helpful in telling me how to get it done. I also had to submit another property document as a collateral till I got the deed done.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 16, 2017
    • HDFC Limited Home Loan
      "The simplest process"
      0.5 5.0/5 "Blown Away!"
      Interest rate for my housing loan with HDFC Ltd was 11.25% which is normal when compared with any other banks in the market. Also it is the current rate running in the market as well. There is no challenges on their documentation part because it is so simple.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 16, 2017
    • HDFC Limited Home Loan
      "Nice experience"
      0.5 4.0/5 "Great!"
      HDFC Ltd was fairly good and I had no issues on the process for the home loan. The processing charges was refunded as promised and the rate of interest of 8.5%. The deal was reasonable and decent enough. The after loan services was smooth and in all I had no difficulties.
      Was this review helpful? 0
      , pune
      Reviewed on May 16, 2017
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