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  • HDFC Pre-Approved Home Loan

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    HDFC Pre-Approved Home Loan

    The Housing Development Finance Corporation, popularly known as the HDFC Bank, was established in 1994. One of India’s most trusted brands, HDFC is also ranked among the top 50 World Banks in terms of market capitalization. HDFC caters to the ever increasing banking needs of Indians by offering a wide array of financial services including loans, deposits, investments and insurance products for corporates, individuals and SME’s. HDFC Home Loans are very popular among the Indians for the sheer convenience and customer-centric benefits that it offers.

    HDFC Pre-Approved Home Loans are offered to customers who have not yet zeroed-in a property but require the home loan approval letter to assess their budget and also to negotiate better.

    How does the HDFC Pre-Approved Home Loan work?

    HDFC Pre-Qualified home loan works in a way similar to that of a normal home loan. The following points will provide you more insights on how in-principle approval for home loan works.

    • Existing HDFC customers can apply for a pre-approved home loanusing the Net Banking portal or by visiting any of the nearest HDFC physical branch.
    • New customers can also choose a pre-approved home loan from HDFC. Contact the HDFC customer care or visit a nearest bank to know in detail about applying for a pre-qualified home loan.
    • Customers will be asked to fill in the application form and submit all required documents.
    • After the submission, HDFC bank will carry out a credit check. Based on the documentation provided, customer’s credit history and repayment capacity, HDFC will suitably approve a certain loan amount.
    • The customer will be contacted and pre, post sanction documents will be offered.
    • There is also a certain time frame before which the customer has to accept the pre-approval after which the offer becomes void.

    Advantages of HDFC Pre-Qualified Home Loan:

    • Gives Clarity on Affordability:

      The most important benefit of getting an in-principle approval for your home loan is that HDFC will notify you about the loan quantum that you are eligible for. This will not only help you assess your affordability clearly but will also help you plan on the down payment.

    • Quick Processing:

      With HDFC, you can be guaranteed of a quick and transparent processing when it comes to pre-approved home loans.

    • Better Negotiation:

      With a loan-approval letter in your hand, you will be able to strike better deals with your builder because you have established your reliability with the loan offer letter.

    • Low Processing Fees:

      HDFC charges a very nominal processing fee for home loans.

    FAQs:

    1. What do I have to submit as documentation?

      You will have to submit the application form, ID proof, proof of address and property related documents.

    2. On what basis the pre-qualified loan amount and eligibility is decided?

      The loan eligibility and amount is decided based factors like on the applicant’s income, age, qualifications, assets & liabilities, savings history and occupation.

    3. The validity period for my in-principle loan offer is over. Do I have to apply again?

      Yes, if you have no accepted the offer and the validity has expired, you will have to apply again. Depending on when your offer has expired, you can extend the validity by contacting HDFC. Generally, the offer is valid for 3 months and can be extended by another 3 months.

    4. When will the home loan be disbursed?

      The home loan will be disbursed only after the property is scrutinized by the bank.

    5. Does pre-approval imply that the home loan will be sanctioned?

      Sanction of home loan depends on the successful verification of all documents. If the bank’s eligibility criteria is satisfied, your loan will be sanctioned.

    HDFC Pre-Approved Home Loan Reviews

    • HDFC Limited Home Loan
      "Easy to get loan from HDFC"
      0.5 5.0/5 "Blown Away!"
      The Overall Home loan experience is good. I have taken a home loan amount of Rs. 27 Lakhs. I'm paying the EMI of Rs. 25000. I have opted the tenure of 25 years. They are offering a 8.5% interest rates but for me they charged me 9.5%. For the processing fee they charged me around 30K. Within a month i have got my loan.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 14, 2018
    • HDFC Limited Home Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My home loan was taken with HDFC LTD. The loan amount was 28 lakhs and the given interest rate was 8.40% which is satisfactory . The process was quite easy and hassle free . The processing fee was refundable. I am satisfied with the customer service and responsiveness.My overall experience was very good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 12, 2018
    • HDFC Limited Home Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      My home loan was taken with HDFC LTD.The loan amount was 68lakhs and the given interest rate was 8.5% which is average in the market. The tenure period was 20 years .The process was quite easy and i am completely happy with it. The customer service and responses was up to the mark. Their processing fee was also nominal.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 12, 2018
    • HDFC Limited Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I took a home loan for 25 Lakhs from the HDFC LTD. I pay an EMI of 21000 per month. The interest rate offered by HDFC LTD is very much nominal. There were also processing charges for 0.5%. Overall it has been a smooth loan experience which I had with HDFC LTD till date.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 11, 2018
    • HDFC Limited Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      My home loan was taken with HDFC LTD The loan amount was 10 lakhs and the given interest rate was 8.45% which is satisfactory . Their customer service and responses was up to the mark.The executives were very lethargic and they were not proactive.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 08, 2018
    • HDFC Limited Home Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My home loan was taken with HDFC LTD. The loan amount was 14 lakhs and the interest rate was 8.65% which is average. The process was very good and the documentation was very easy .The loan was approved on time here and the processing fee was nominal.
      Was this review helpful? 0
      , delhi
      Reviewed on Jun 08, 2018
    • HDFC Limited Home Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My home loan was taken with HDFC LTD. The loan mount was 30 lakhs and the given interest rate was 8.45% which is satisfactory . The customer service and responses was up to the mark.The processing fee was 8,500 and they have sanctioned the loan within the committed time.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 08, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a home loan from HDFC LTD and my experience was good, the loan amount was for Rs 15 lakhs with rate of interest of 8.4% which is nominal in the market. The process was quick and i received my loan amount on time. The tenure period for this loan is 30 years.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 05, 2018
    • HDFC Limited Home Loan
      "Average"
      0.5 1.0/5 "Really Bad"
      My home loan was taken with HDFC LTD. The customer service e and responses was not good at all. The executives were not good and they have taken much tie for the process. The loan amount was 5lakhs and the interest rate was bit higher than other banks.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 05, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan application was approved with HDFC ltd and the experience was good, the loan amount was based on my requirement and the rate of interest was nominal when compared to other sources. Customer service was good and they followed up on time.
      Was this review helpful? 0
      , delhi
      Reviewed on May 31, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My home loan application was closed with HDFC LTD, the reason why the application is closed is because the broker did not accept the property by loan. Customer service was good and they followed up on time. The rate of interest was nominal when compared to other sources.
      Was this review helpful? 0
      , chennai
      Reviewed on May 31, 2018
    • HDFC Limited Home Loan
      "Very good service"
      0.5 4.5/5 "Excellent!"
      I have taken this loan almost two years back, the process has been very good with them. They have provided with a good interest rate and the process has been got over in 10-15 days and i have been satisfied with the loan amount. The process has been smooth and there has not been any issues.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 31, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      My home loan application was closed with HDFC LTD because the location was out of the geographical coverage. When it comes to customer service, it was good and they followed up on time. The rate of interest was nominal when compared to other sources.
      Was this review helpful? 0
      , delhi
      Reviewed on May 29, 2018
    • HDFC Limited Home Loan
      "Needs to improve on customer service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the home loan from HDFC LTD, my loan application was closed because i have taken loan from other bank. Customer service was not up to the mark as their response was delayed. The rate of interest of 8.4% was nominal when compared to other sources.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 29, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan application was closed with HDFC LTD, the reason why the application is closed is because i have taken loan from other bank. Customer service was good with HDFC LTD and they followed up on time. The rate of interest of 8.55% is little high when compared to others.
      Was this review helpful? 0
      , pune
      Reviewed on May 29, 2018
    • HDFC Limited Home Loan
      "Need to reduce ROI"
      0.5 2.0/5 "Expected more"
      My home loan application was closed with HDFC LTD because i have postponed the plan to get the home loan. Customer service was good with HDFC LTD, they followed up on time and their response was on time. The rate of interest was high when compared to other sources.
      Was this review helpful? 0
      , pune
      Reviewed on May 28, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan application was approved by HDFC LTD and the experience was good, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. The process took 1 month to complete and the documents were collected on time.
      Was this review helpful? 0
      , pune
      Reviewed on May 24, 2018
    • HDFC Limited Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a home loan from HDFC LTD for almost 15 lakhs. The application and documentation process was super fast. The interest rate was also nominal when comparing with the other banks. Overall the whole loan application process was easy as a breeze.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 24, 2018
    • HDFC Limited Home Loan
      "Supportive services"
      0.5 5.0/5 "Blown Away!"
      My home loan was with HDFC Ltd earlier. I have closed the loan too. The experience is good and they were very supportive. Though I was in another location. The executives came over to my end and collected the paper work. The interest rate and charges was also normal.
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I am happy with the customer service of HDFC LTD as they responded on time and follow up was done. My home loan application was closed with HDFC LTD due to personal reason. The rate of interest was nominal when compared to all other sources in the market.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 23, 2018
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