A "low interest" loan shouldn't mean you have very little interest in paying it back!
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  • HDFC Reach 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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    HDFC Reach Home Loan is Rated as "Great!" by 4881 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    Overview of HDFC Reach Home Loans:

    The notion of constructing a dream home brick by brick can set ablaze many a person’s imaginations. It lets them craft spaces like screening rooms that are exclusively theirs. There is, in any case, only so much you can do with bedrooms, kitchen and dining rooms. But those magnificent ideas may not always go according to plan. But one does tend to make ostensibly slight slipups that have huge ramifications. The home is a layman’s (and his family’s) own art to express themselves, not to mention it will be one of his/ her biggest investments in life. It has to be comfortable, inviting, elegant and affordable. In other words, an eclectic of aesthetics and preferences that do not topple the budget. This is where a bank loan does the impossible. At HDFC, there is a sensitive approach as they understand the sheer sweat and blood that have or will go into this dream. No place like home – the saying never gets old. The bank’s product is a promise to be with you in every step while you make that cozy little corner which will soon be your home.

    Home Loan Offers

    Features & Benefits of HDFC Reach Home Loans:

    • HDFC offers customized home loan products on a platter to help you buy a new or second hand house.
    • Construct your house on a freehold or lease hold plot or on a plot allocated by any Development Authority.
    • Transfer your due house loan amount gotten from some other bank or financier to HDFC.
    • Enhance or renovate your house in numerous ways such as tiling and flooring, interior and exterior plaster and painting etc.
    • Spreading or adding space to your house such as building more rooms.
    • Home loans and plot loans up to INR 35 lakh for salaried people with a minimum earning of INR 10,000 per month and for self-employed people with at least INR 2 lakh earnings per annum.
    • Reasonable interest rates beginning from 11.55 % per year.
    • There are no veiled charges.
    • An HDFC representative will assist you throughout the home loan process.
    • Expert lawful and technical advice to help you in making the right decision regarding buying a home.

    Who can apply for an HDFC Reach Home Loans?

    You may apply separately or jointly for any of the Home and Plot Loan products. All future owners of the home will be expected to be co-applicants. But there is requirement for all co-applicants to be co-owners. Usually co-applicants are close family members (like spouse, parent or child).

    HDFC Reach Home Loan Tenure:

    • The maximum duration permitted to completely repay and settle the loan is 20 years.
    • Loan settlement will not normally extend post your retirement age (if you are employed) or if you have hit age 70, whichever happens earlier.
    • The term of the housing loan is also based on parameters like the client’s risk profile, age at the time of mortgage maturity, age of the property itself when the loan matures and repayment scheme offered.

    Maximum Loan Amount Offered by HDFC Bank:

    Maximum Loan Amount Maximum Financing
    Up to INR 35 lakh For salaried people – 80 percent of the price of the assets.
    Up to INR 35 lakh For freelancers, independent professionals, entrepreneurs and non-professionals – 80 percent of the price of the assets.

    HDFC Reach Home Loan Interest Rates (Adjustable Rate Loan):

    For Salaried Individuals:

    RPLR: 16.30 percent

    Loan Slab Annual Interest Rate RPLR Minus Spread
    Up to INR 35 lakh 11.55 or 12.55 % RPLR - (4.75 or 3.75)

    For entrepreneurial, freelancer and non-professional individuals:

    RPLR: 16.30 %

    Loan Slab Annual Interest Rate RPLR Minus Spread
    Up to INR 35 lakh 11.55 or 12.55 % RPLR - (4.75 or 3.75)

    HDFC Reach Home Loan Fees & Charges:

    1. Processing Fees:
    Salaried Employees Self-employed, freelance professionals and non-professionals
    Up to 1.50 percent of the sanctioned loan amount plus taxes. 2 percent of the sanctioned loan amount plus taxes.

    Documentation Required for HDFC Bank Reach Home Loan:

    The following documents (self-attested) have to be submitted to take your HDFC Reach Home Loan application forward:

    Purpose Salaried Employees Entrepreneurial or freelance professionals
    Identity & Residence Proofs (Only one required)

    Valid Passport

    Voters ID Card

    Aadhaar Card

    Valid Driving License

    Valid Passport

    Voters ID Card

    Valid Driving License

    Aadhaar Card

    Income proofs/ certificates

    PAN Card

    Most recent salary slips (of the last three months)

    Bank Statements from the previous six months

    Updated passbook (with salary credits)

    Your most recent Form 16

    PAN, TAN Card

    Income Tax Returns as well as compilation of income for the previous three Assessment Years

    Balance Sheet of the previous three years

    Profit & Loss A/c Statements, with Annexures / Schedules

    (Points 2 & 3 must be of both the personal and the business unit and verified by a Chartered Accountant)

    Current A/c Statements for the last 6 months of the business unit and info about your own Savings Account Statements

    Other papers and documents

    Employment Contract

    Appointment Letter if your present job is less than one year old

    Bank statements of the last six months to show that other ongoing loans are paid back regularly.

    Your passport size photograph (and that of co-applicant if any) to be attached on the Loan Application Form, which has to be signed across.

    Cheque towards processing charges favoring the HDFC Bank

    Business profile

    Most recent Form 26 AS

    Memorandum and Articles of Association of the Company

    List of Directors and stakeholders certified by a Chartered Accountant or CS if the business unit is an organization.

    Partnership deed if your registered company is a partnership firm.

    Every information regarding ongoing mortgages of the applicant or his/ her own business unit including the due amount, repayments, security, objective, balance loan tenure among others.

    Your passport size photograph (and that of co-applicant if any) to be attached on the Loan Application Form, which has to be signed across.

    Cheque towards processing charges favoring HDFC Bank.

    HDFC Reach Home Loan Fees & Charges:

    An indicative list of fees and additional charges and outlays that are to be paid based on the kind of loan taken is given below.

    1. Processing Fees:
      Salaried Employees Self-employed, freelance professionals and non-professionals
      Up to 1.50 percent of the sanctioned loan amount plus taxes. 1.50 percent of the sanctioned loan amount plus taxes.
    2. Advance Payment Penalty:
      Adjustable Rate Housing Loans For other loans
      There shall be no prepayment fees applicable for complete or partial disbursement ahead of time. There shall be no penalty levied for paying in advance for any amount up to and entailing 25 percent of the opening principal balance for a specific financial year.
      If any partial prepayment exceeding the aforementioned 25 percent or complete prepayment is made, the customer is expected to pay a penalty of two percent excluding taxes (of the prepaid sum).
      There shall be no prepayment charges levied for any partial prepayment if it is made after completing three years from the day of initial payment of the loan.
      Complete prepayment settled after three years from the day of initial disbursement of the loan will come with a similar prepayment fee of two percent without counting taxes.
      You must submit a Prepayment Request Letter and duplicate copies of your most recent bank statement and related documents as per the bank’s demand.
    3. Charges levied if you sought external opinion:

      Fees owing to seeking external opinion from lawyers, technical experts or as the case may be doctor’s, is outstanding on an actual basis as applied to the given case. It must be paid directly to the particular professional as per the nature of services rendered.

    4. Property Indemnification:

      The client is expected to pay the premium sums directly to the insurance carrier, immediately and punctually so as to maintain the policy alive at all times during the loan tenure.

    5. Fine levied for late payments:

      Overdue EMI payment shall render the client accountable to pay up added interest of up to 24 percent per year (2 percent monthly).

    6. Related Fees:

      Incidental fees & expenditures are charged to cover other general expenditures and taxes that might have been consumed in association with recovering outstanding amount from an evasive client. A photocopy of the policy can be acquired by clients from the relevant branch upon request.

    7. Legal / Regulatory Fees:

      All pertinent charges required for Stamp Duty, Memorandum of Deposit, Memorandum of Entry, Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI) or some other similar statutory or regulatory bodies and relevant taxes shall be borne and disbursed/ reimbursed exclusively by the loan applicant. You can check out the official website of CERSAI for all such information.

    8. Other Charges:
      Other Charges Amount
      To avail list of documents Up to INR 500
      For duplicate copy of submitted documents Up to INR 500
      PDC Swap Up to INR 200
      Penalty fee for cancellation of cheque Up to INR 200
      Penalty fee if cheque is dishonored Up to INR 200
      Reviewing of your home loan after six months from the day it is approved Up to INR 2000 excluding taxes
      Increasing or decreasing loan tenure Up to INR 500 excluding taxes
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