A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 2 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. ₹11,800) One time fee
    5L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.65% - 8.70% Floating
    Up to 0.5% (max. ₹11,800) One time fee
    5L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria

    HDFC NRI Home loan is Rated as "Great!" by 4881 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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
      "Its Good"
      0.5 4.0/5 "Great!"
      I have directly reached HDFC Ltd for the home loan, their executive are done a good job. Within three days of time, they have approved my housing loan. HDFC Ltd offered me the interest rate around 8.4 % for the principal of Rs.25 lakhs with the tenure of 20 years. I am very happy with HDFC ltd.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 13, 2017
    • HDFC Limited Home Loan
      "Response part should be improved"
      0.5 2.0/5 "Expected more"
      Hdfc Ltd response is not upto the mark, I have applied for the home loan, I submitted all my documents along with the processing fee of Rs.7800. Even I got sanction letter for the home loan. But still I am not sure about the application status, no one contacted me properly, I am the one calling them and getting the status.
      Was this review helpful? 0
      , delhi
      Reviewed on Jul 13, 2017
    • HDFC Limited Home Loan
      "Best offer"
      0.5 5.0/5 "Blown Away!"
      Initially I have some offer from HDFC Ltd, I though to process with that rate, it was shown in online channel, finally HDFC Ltd gave me some thing else. Now my loan is under process, I got my sanction letter, I have finalized a plot to construct a house for that HDFC Ltd processing the interest of 8.65% and also they taking some processing fee.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 13, 2017
    • HDFC Limited Home Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I had applied for the HDFC Ltd for the home loan and as a customer I am very happy with the way they are process this loan. They had explained every bit of the information in detail before I even submitted my paper work. The interest rate and charges are very much reasonable too the loan amount I have taken is 17 lakhs and the rate of interest they have offered is 10% and 8.6% and the EMI is 16400
      Was this review helpful? 1
      , haridwar
      Reviewed on Jul 12, 2017
    • HDFC Limited Home Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      HDFC Ltd service is good but they don't have online payment option to make Loan due. If suppose I miss the EMI amount, I should visit to the bank to make the EMI. It would be great if they provide online payment, instead of visiting to the bank. Other than this everything is good, my home loan experience was good with HDFC Ltd, they giving offers especially for women they reducing the interest rate.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 10, 2017
    • HDFC Limited Home Loan
      "Satisfied service."
      0.5 5.0/5 "Blown Away!"
      I have applied home loan with HDFC limited , but then the HDFC executive told the place which I have selected is not eligible to get the loan. The rate of interest is nominal with HDFC limited.The customer service and the response was good with HDFC limited.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 07, 2017
    • HDFC Limited Home Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      Since the property I was buying was not listed with HDFC LTD, I had taken my home loan from another bank. The customer services are good and they were responsive. The interest rate and processing charges were also normal. Overall no hassles faced.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 07, 2017
    • HDFC Limited Home Loan
      "Looking for a better option"
      0.5 4.0/5 "Great!"
      I am not fine with HDFC Ltd. what they offering. I though they would be charging me 0% of processing fee for the car loan. But HDFC Ltd charging the processing fee of Rs.7000 it is high. But I am fine with their interest rate of 8.40% it is nominal. Therefore I didn't go head with HDFC Ltd for the housing loan.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 06, 2017
    • HDFC Limited Home Loan
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      I have taken my home loan from HDFC Ltd and the process for it has been good. The documents was collected on time and it is not much of paperwork. The process is smooth too. The interest rate and processing charges is normal and in all there are no hassles.
      Was this review helpful? 0
      , lucknow
      Reviewed on Jul 06, 2017
    • HDFC Limited Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My home loan is from HDFC Ltd. The customer support is good and the process was completed very fast. It was smooth as well, without any hiccups. The interest rate was around 8% and the processing charges was also normal. The disbursement is on time too.
      Was this review helpful? 1
      , indore
      Reviewed on Jul 06, 2017
    • HDFC Limited Home Loan
      "Its Good"
      0.5 3.0/5 "Satisfactory"
      HDFC Ltd stated that, I am eligible only the amount of 9 lakhs for the housing loan. But I applied an amount of 14.4 lakhs at least, I am was looking out for an amount of Rs. 12 lakhs. Hence I am not fine with the principal amount and therefore I closed the loan application.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 06, 2017
    • HDFC Limited Home Loan
      "Looking for a better service"
      0.5 3.0/5 "Satisfactory"
      HDFC ltd were asking lot of documents like KYC ,property documents, IT and others it was very difficult to submit all papers. But ICICI don't have such a big process, moreover I didn't get the response immediately from HDFC . They should reach the customer immediately to provide the better service.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 05, 2017
    • HDFC Limited Home Loan
      "Communication gap should be eliminated"
      0.5 2.0/5 "Expected more"
      I didn't receive any call from HDFC Ltd that's the first reason, I tried reach them multiple time. One of the online channel executive also coordinated with me to connect the bank. Finally I got a mail from HDFC Ltd some one will be reaching me for the loan process but no body turned up. I would like to suggest them to acknowledge the customer request.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jul 05, 2017
    • HDFC Limited Home Loan
      "Quick Process"
      0.5 5.0/5 "Blown Away!"
      People from HDFC ltd visited my premises and collected the documents for the home loan. Even they had completed and sanctioned the loan in a week time. Their services are really good and I had received good response from them during the loan process.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jul 05, 2017
    • HDFC Limited Home Loan
      "Better Service"
      0.5 4.0/5 "Great!"
      HDFC LTD quoted 9.6% for my home loan. The interest rate is comparatively better. I never faced any kind of issues with them for the home loan process. Customer service is quite good and there were no hidden charges when it comes to the loan process,.
      Was this review helpful? 0
      , pollachi
      Reviewed on Jul 04, 2017
    • HDFC Limited Home Loan
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      After I had applied with HDFC Ltd for the home loan, I received some calls at that time I was in vacation I wasent able to talk them properly and I have no idea about rate of interest and the loan amount I had an Idea of getting is 25lakhs.
      Was this review helpful? 1
      , indore
      Reviewed on Jul 03, 2017
    • HDFC Limited Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      Within 5 days of time my home loan got disbursed with HDFC limited. The service with HDFC limited is quick and fast. The rate of interest is nominal with HDFC limited. I am happy about the loan amount. I am satisfied with the HDFC limited service.
      Was this review helpful? 2
      , agra
      Reviewed on Jul 01, 2017
    • HDFC Limited Home Loan
      "Satisfied"
      0.5 5.0/5 "Blown Away!"
      I have postponed my plan due to some other personal reason with the HDFC limited for the home loan. I would like to say that the rate of interest was a kind of okay for me on that time . Customer service and other things are good one with the HDFC limited.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Jun 24, 2017
    • HDFC Limited Home Loan
      "Good Process"
      0.5 4.0/5 "Great!"
      I had availed home loan from HDFC ltd. I had got this loan for 18 lakhs. And the interest rate in the beginning was around 9.50% after which I put an application to reduce the interest rate, hence they reduced it further to 8.50%. There were no challenges with the bank during the entire loan process.
      Was this review helpful? 2
      , jaipur
      Reviewed on Jun 24, 2017
    • HDFC Limited Home Loan
      "High on ROI"
      0.5 4.0/5 "Great!"
      HDFC LTD has provided me the home loan with ease. I did not have to follow much on the process. I got the loan on time. The verification went well too. The institution is very high on the interest rate and the processing charges are also very high.
      Was this review helpful? 4
      , bangalore
      Reviewed on Jun 23, 2017
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