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    HDFC Bank Home Loan Eligibility

    HDFC offers eligible customers home loans at competitive interest rates with minimal documentation and quick processing. Read more for the bank current home loan interest rates, eligibility criteria and documentation required to apply for home loan.

    We found 0 HDFC Bank Home Loan Eligibility
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    Home Loan BYTES FROM OUR KITCHEN

    HDFC Bank is one of the most popular home loan providers in India. Home loans are quite popular in our country as buying a house is not just an investment but a milestone to many. The home loans offered by HDFC Bank come with excellent features and attractive interest rates. HDFC Bank home loans are designed to cater to customers with varied expectations.

    HDFC bank home loan eligibility criteria for salaried applicants

    Age 24 years to 60 years
    Maximum Loan Amount Rs.10 crore
    Equated monthly installment/lakh Rs.758
    Interest Rate Linked to PLR 8.35% to 9.05% p.a

    HDFC bank home loan eligibility criteria for self-employed applicants

    Age 24 years to 65 years
    Maximum Loan Amount Rs.10 crore
    Equated monthly installment/lakh Rs.758
    Interest rate linked to PLR 8.35% to 9.10% p.a

    Following are the factors for HDFC Bank Home Loan Eligibility described briefly:

    HDFC Bank considers various factors before approving your home loan. Some of the important factors that may determine your home loan eligibility are your age, net monthly income, the value of your property, your CIBIL score, and your Fixed Obligation to Income Ratio.

    HDFC bank home loan eligibility based on age

    The age of the applicant plays a vital role in determining the home loan eligibility. Like all banks, HDFC Bank also has a minimum age and the maximum age of the applicant fixed. An applicant should be in this age bracket to avail a home loan. The lower the applicant’s age, the better as it helps in availing a long repayment tenure.

    To avail an HDFC Bank Home Loan, an applicant should be a minimum of 24 years. The maximum age of the applicant is 60 years for salaried individuals and 65 years for self-employed individuals. An applicant will get a maximum of 30 years to repay the home loan.

    Applicant’s current age Maximum loan tenure for self-employed applicants Maximum loan tenure for salaried applicants
    25 years 30 years 30 years
    30 years 30 years 30 years
    35 years 30 years 25 years
    40 years 25 years 20 years
    45 years 20 years 15 years
    50 years 15 years 10 years

    HDFC bank home loan eligibility based on income

    Your net monthly income is one of the primary factors that determine your home loan eligibility. Net monthly income is the amount your draw every month after deducting the PF, gratuity, ESI, and taxes). This determines your repayment capacity. If your net monthly income is Rs.70,000 and you have purchased a property worth Rs.50 lakh, and the rate of interest on your home loan is 8.35% p.a, the maximum home loan amount that you can avail is as follows:

    Age Monthly income (Net)
    Rs.75,000 Rs.1,00,000
    25 years Rs.4,945,219 Rs.6,593,625
    30 years Rs.49,50,548 Rs.6,593,625
    35 years Rs.4,716,127 Rs.6,288,170
    40 years Rs.4,368,832 Rs.5,825,110
    45 years Rs.3,842,344 Rs.5,123,125
    50 years Rs.3,044,205 Rs.4,058,939

    From the above table, it is clear that, if the applicant has a higher net monthly income, the home loan amount will be high and vice versa. If you are in need of more funds, try adding a co-applicant on your home loan application which will increase your net monthly income.

    HDFC bank home loan eligibility based on value of property

    Most home loan providers in India do not provide funds for the total value of the property. Similarly, HDFC Bank does not finance the entire property. HDFC Bank will offer a certain percentage of the property value as home loan. The percentage will depend on the property value.

    Value of property LTV
    Less than Rs.30 lakh 90%
    From Rs.30 lakh to Rs.75 lakh 80%
    Above 75 lakh 75%

    HDFC bank home loan eligibility based on CIBIL score

    The applicant’s credit score is another important factor that helps in determining your home loan eligibility. A credit score depicts an applicant’s credit behavior in the past. A high credit score will increase your chances of getting an HDFC home loan. Similarly, a low credit score will bring down the eligibility factor of the applicant.

    Documents required to avail HDFC home loan

    For salaried individuals/Self-employed/Agriculturists

    • Duly-filled application form
    • 3 passport size photographs
    • Valid identity proof
    • Proof of residence
    • Last 6 months bank statements

    If you are asked for income documents, you will be required to submit:

    Salaried Individuals Self-employed Agriculturists
    Latest salary slips Education certificates Copies of agricultural land title documents
    Form 16 Proof of business Copies of agricultural land title documents showing crops being cultivated
      Last 3 years’ Income Tax Returns/ profit and loss statement and balance sheet Last 2 years’ loan statement, if applicable

    HDFC bank home loan eligibility calculator to calculate your home loan EMIs

    There are various EMI calculators available online. Many home loan seekers rely on this online tool to financially stay prepared while buying a house. An EMI calculator helps a customer to calculate the monthly EMI amount they will land up paying if they opt for a home loan.

    HDFC Home Loan Eligibility Calculator is a free online tool that helps customers predict their EMI amount and check their eligibility. It is easy and convenient to use. To use this calculator, visit HDFC’s official website and choose the “EMI Calculator” option.

    You just have to enter your gross monthly income, the tenure of the home loan you are availing, the rate of interest, and the sum total of all the other EMIs you are currently paying to check your eligibility. Once you enter these details and click on “Calculate”, the result will show the loan amount you are eligible for and the EMI amount. At the end of the page, you will also have an option to apply online or schedule a callback from HDFC.

    Home affordability calculator

    Most of us get too ambitious when we search for home loans and pick up a property that does not fall within our budget. This negatively affects our financial health. How easy would it be if we just had a calculator that predicts our affordability and help us stay financially safe in the future? Well, HDFC Affordability Calculator will do just that for you!

    HDFC Affordability Calculator helps home loan seekers help their finances better by helping you fix the value of the property that you can afford. You just have to enter few basic details like the down payment amount you will be able to pay, gross monthly income, the tenure of your home loan, the rate of interest, and the sum total of all the other EMIs you are currently paying to check your affordability.

    As you enter the details, you will be able to see the property cost that you will be able to afford below along with the loan amount you would need to pick that property. At the end of the page, you will also have an option to apply online or schedule a callback from HDFC.

    How will HDFC bank decide my home loan eligibility?

    Like mentioned before, there are many factors that affect your home loan eligibility. When you apply for an HDFC Bank Home Loan, the bank checks your repayment capacity. They consider various factors like your age, your net monthly income, your credit score, or your savings history. Based on these factors, HDFC Bank will take the final decision.

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    HDFC LTD Home Loan Eligibility Reviews

    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken home loan with HDFC LTD and my experience was good, the loan amount was for Rs 11 lacs + 6 lacs top up loan and i am not aware of the rate of interest. Customer service was good and they responded on time. Tenure period for home loan is 10 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 21, 2019
    • HDFC Limited Home Loan
      "Interest rate should be flexible"
      0.5 3.0/5 "Satisfactory"
      HDFC Limited is okay but the rate of interest is high for the housing loan. I took the amount of Rs. 6 lakhs it was cleared, they taken some processing fee around 1% from the disbursement. The customer care is prompt, I went to bank on time they sanctioned the loan.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Jan 21, 2019
    • HDFC Limited Home Loan
      "Superb service"
      0.5 5.0/5 "Blown Away!"
      I have taken home loan with HDFC LTD 11years back. Interest rate is nominal in the market, and my loan amount is 57lakh and it is satisfactory. There is no hidden charges. I use to pay 68555 as EMI per month . Customer service response is good. I am very happy with their services .
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 20, 2019
    • HDFC Limited Home Loan
      "Good loan services"
      0.5 4.0/5 "Great!"
      I have taken my home loan from HDFC ltd. 8 years ago, i have purchased this loan. Since the interest rate is low, i have selected the HDFC. They have given me a rate of Interest of 9.25% and they have charged me a processing fee of Rs. 2500. I have applied the loan amount of RS. 12 lakhs and they have sanctioned the loan on time.
      Was this review helpful? 0
      , indore
      Reviewed on Jan 19, 2019
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the home loan with HDFC LTD , the tenure period is 20 year .The rate of interest is nominal. The process was easy in HDFC BANK to take the home loan. The processing fee is okay. They gave the foreclose option also with this bank . Loan amount is good .
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 19, 2019
    • HDFC Limited Home Loan
      "Good Loan services"
      0.5 4.0/5 "Great!"
      My home loan was purchased with HDFC in the year of 2017 October. I have applied the loan amount of Rs. 33 lakhs and they have sanctioned the same. I have got the interest rate of 9.15% and it slashed upto 8.95%. Total tenure period of the loan is 18 years.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 19, 2019
    • HDFC Limited Home Loan
      "Should be transparent"
      0.5 5.0/5 "Blown Away!"
      I felt the interest rate is bit different when compared to nationalized bank, I would say private sectors are hiding something , but nationalized are transparent. I took the loan amount around Rs.28 lakhs for the tenure of 15 years, the interest rate is floating one.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 19, 2019
    • HDFC Limited Home Loan
      "Good in Service"
      0.5 5.0/5 "Blown Away!"
      I had applied for a Home loan with HDFC and at the time of applying there was no delay in my application. The procedure was easy and my application got processed on time. The interest rates that is on my loan amount is reasonable as per the market value.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 13, 2019
    • HDFC Limited Home Loan
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      HDFC LTD is good overall and the process is good for the home loan. The customer services and response is good and there are no issues to get the loan. They processed the loan very fast and the rate of interest and processing charges are normal too.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jan 12, 2019
    • HDFC Limited Home Loan
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      I am very happy with HDFC LTD for the home loan. The customer services and response is good. I also got the loan on time. The process was very easy. The rate of interest and the processing fee is normal as I got the loan without any delay or hassles.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 12, 2019
    • HDFC Limited Home Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The experience with this Home Loan from them has been quite good where there hasn't been any hassle faced with the services of them. The loan amount has been sufficient and the interest rate with them has been nominal when compared with the market rate. There has not been any sort of additional charges which they had made so far.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jan 10, 2019
    • HDFC Limited Home Loan
      "Easy to get a home loan"
      0.5 4.0/5 "Great!"
      I have purchased my home loan with HDFC in the year of 2014. Since the interest rate is 8.5% i have chosen them. I have been paying the EMI amount of Rs. 15000 every month and the will be auto deduction from my account. Total tenure period of the loan is 13 years. There was no processing fee and preclosure, partial payment facility is available.
      Was this review helpful? 1
      , kochi
      Reviewed on Jan 10, 2019
    • HDFC Limited Home Loan
      "Better"
      0.5 5.0/5 "Blown Away!"
      I have applied my home loan from HDFC LTD through online portal. The customer service is good. The rate of interest is nominal. I have purchased a residential property. The documents are collected by the executive. The loan was disbursed within 15 days.
      Was this review helpful? 3
      , delhi
      Reviewed on Jan 08, 2019
    • HDFC Limited Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I had applied my home loan from HDFC LTD through online portal. The customer service and response was excellent. The rate of interest and charges are reasonable. They have taken almost 15 days to disburse the loan. The executive came to my place and collected the documents. They have collected the processing fee and it was refunded after the first EMI.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jan 08, 2019
    • HDFC Limited Home Loan
      "Average"
      0.5 4.0/5 "Great!"
      I had a good experience from HDFC Ltd on home loan. I have some difficulties in rate of interest, initially they have informed me around 8.2% but later they have increased 1% and they have informed at the final stage of approval. If they said earlier I would have chosen other alternative option. I have purchased a residential property.
      Was this review helpful? 1
      , chennai
      Reviewed on Jan 08, 2019
    • HDFC Limited Home Loan
      "Very poor service"
      0.5 1.0/5 "Really Bad"
      I took my home loan from HDFC Ltd through online portal which am not satisfied. I have taken an insurance along the home loan, till the approval of loan they were good in service. After the disbursement the service is not at all good its like a government sector. The rate of interest is same like other banks. I will close the loan in very short span after my full disbursement.
      Was this review helpful? 1
      , vadodara
      Reviewed on Jan 08, 2019
    • HDFC Limited Home Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have taken my home loan from HDFC Limited through online channel. The interest rate is near about 8.85%, it was high. The loan tenure is 16 years and no difficulties in submitting the documents via online. I have purchased a residential house and EMI is 60K through ECS. The processing fee was high and loan was disbursed after one month.
      Was this review helpful? 1
      , nagpur
      Reviewed on Jan 08, 2019
    • HDFC Limited Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken a home loan from HDFC LTD through online channel. Many times I need to followup them and visited the office which is near to my place for the loan and keep on requesting me the documents at last moment. The rate of interest was okay. They need to inform in the beginning which will be easier. I have purchased a residential property.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jan 08, 2019
    • HDFC Limited Home Loan
      "Excellent Service"
      0.5 4.5/5 "Excellent!"
      It was quite a good experience with this Home loan where the process was quite simple and smooth. The loan amount which they had provided has been sufficient and the interest rate with them has been nominal as well. There has not been any sort of additional charges which they had made so far.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 08, 2019
    • HDFC Limited Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken my home loan from HDFC LTD through online portal. The customer service is good. The rate of interest is okay. The loan tenure is 30 years and am planning to reduce 15 months. I have purchased a residential property. The documents are collected by the executive.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 08, 2019
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