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
      "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? 0
      , 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
    • HDFC Limited Home Loan
      "Better "
      0.5 4.0/5 "Great!"
      HDFC limited have contacted me after sometime from the time of inquiry for the home loan. Rate of interest was around 8.5%, which was bit huge one for me , also I am okay with that. Customer service and other things were good only.
      Was this review helpful? 1
      , pune
      Reviewed on Jun 22, 2017
    • HDFC Limited Home Loan
      "Service to be get improved"
      0.5 1.0/5 "Really Bad"
      Nobody have contacted me from the HDFC limited for the home loan, which I have inquired. Rate of interest was around 8.6%, also I am okay with them. In future, I would like to go ahead with them in future and I request them to contact the customer as soon as possible.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jun 22, 2017
    • HDFC Limited Home Loan
      "Satisfied"
      0.5 4.0/5 "Great!"
      I did not taken the home loan with the HDFC limited because I have already arranged the funds from my end. Customer service is very good one and the response is also good one. The rate of interest was around 8.5% with the HDFC limited, also I am comfort with them.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 22, 2017
    • HDFC Limited Home Loan
      "Best"
      0.5 4.0/5 "Great!"
      Within twenty days of time, I have got the home loan with the HDFC limited and the response and other things with the HDFC limited was good one, also the customer service too. Rate of interest was around 8.5%, which was not okay for me , also they have told post documentation process , rate of interest would not get changed.
      Was this review helpful? 0
      , guwahati
      Reviewed on Jun 22, 2017
    • HDFC Limited Home Loan
      "Better "
      0.5 4.0/5 "Great!"
      I got the home loan with the HDFC limited and the interest rate is around 8.35%, also the loan amount got sanctioned in twenty five days of time. Customer service is good and the processing charged was around 0.5% of the total capital amount, also I am very much happy with them.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • HDFC Limited Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I got the home loan with the HDFC limited and the interest rate was around 8.4%, also the loan amount got disbursed within a week of time. Service aspects and everything is fine one for me. They have provided around 80% of the cost of home as loan. Documentation process were nominal one with the HDFC limited.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • HDFC Limited Home Loan
      "Good Process"
      0.5 5.0/5 "Blown Away!"
      There was no issues with HDFC ltd for the housing loan. I had taken this loan for the interest rate of 9.30%. The loan process went good and there was no hassles with HDFC ltd. Customer service is quite good and they supported well throughout the loan process.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 20, 2017
    • HDFC Limited Home Loan
      "Its Average"
      0.5 3.0/5 "Satisfactory"
      My first home loan was taken from HDFC Ltd, second loan with ICICI. But I felt ICICI is better than HDFC ltd, because HDFC ltd is not clear when it comes to loan transaction, I cant see the pending principle amount through netbanking properly. I took the amount of 11 lakhs and this is for a tenure of 15 years.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 20, 2017
    • HDFC Limited Home Loan
      "Good Process"
      0.5 4.0/5 "Great!"
      Twelve years back I had taken the housing loan from HDFC finance limited. And the current interest rate is 9.25% and I am asking them to reduce it to 8.5%. Customer service and responsiveness are good with HDFC Ltd. They done with the process without any hassles.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 19, 2017
    • HDFC Limited Home Loan
      "Average "
      0.5 3.0/5 "Satisfactory"
      I have not taken the home loan with the HDFC limited because I have arranged through some other sources. Services are fine with them and the rate of interest was around 8.35%. Rate of interest and the processing charges were happy.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 16, 2017
    • HDFC Limited Home Loan
      "Unprofessional services"
      0.5 1.0/5 "Really Bad"
      I have taken a home loan from HDFC Ltd and I am not happy with the customer services. They are not professional in communicating to the customer and they do not know how to behave at the bank as well. The interest rate and processing charges is normal.
      Was this review helpful? 2
      , thane
      Reviewed on Jun 16, 2017
    • HDFC Limited Home Loan
      "Happy Service"
      0.5 5.0/5 "Blown Away!"
      A year ago, I had taken a home loan from HDFC Ltd. They quoted an interest rate of 8.60%. The loan process was very simple and there were no challenges for the loan. They had done with the process in a proper way and I am quite happy with HDFC Ltd...
      Was this review helpful? 0
      , ranchi
      Reviewed on Jun 16, 2017
    • HDFC Limited Home Loan
      "Good in response"
      0.5 3.0/5 "Satisfactory"
      Due to my personal reasons I have postponed my plan for the home loan at HDFC LTD. The team responded to me on time and given me proper information. There were calls in between the process as well. The rate of interest and processing charges was normal.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 15, 2017
    • HDFC Limited Home Loan
      "Good deal on ROI. Can do better in services"
      0.5 4.0/5 "Great!"
      I have taken my home loan from HDFC Ltd. The overall experience was good. But when I walked in to their office for a one to one discussion. The meeting did no take place at the promised time instead I had to wait for two hours. The interest rate was a good deal. I got a rate of 8.35% an the processing charges was nominal too.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 15, 2017
    • HDFC Limited Home Loan
      "Quick response"
      0.5 4.5/5 "Excellent!"
      I did not go ahead with HDFC Ltd for the home loan because I got a similar deal from my existing bank and I did not want the hassle of documentation. The services from this institution was good, they were on time and the rate they offered was also reasonable. It was of 8.5%.
      Was this review helpful? 0
      , delhi
      Reviewed on Jun 15, 2017
    • HDFC Limited Home Loan
      "Nice service"
      0.5 5.0/5 "Blown Away!"
      HDFC ltd is good for my housing loan. I am much happy with them because of the loan I had received. I do not remember the rate of interest but which is very nominal when compared with other banks. The way of customer approach and response is good with HDFC ltd.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 14, 2017
    • HDFC Limited Home Loan
      "They should provide prompt response to the customer"
      0.5 1.0/5 "Really Bad"
      No body have called me from Hdfc ltd for the home loan, at the I have approached PNB but that deal also cancelled because of interest rate. HDFC Ltd should consider each and every customer as prime customer and they should give response to their request.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 14, 2017
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    HDFC Reach Home Loan is Rated as "Great!" by 4864 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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