A "low interest" loan shouldn't mean you have very little interest in paying it back!
HDFC Bank is one of the leading banks in India that offers amazing financial products and services. The short term bridging loan offered by this bank is designed as per the needs and requirements of the customers.
Once you have finalised your new home, it is only normal that you feel impatient to move in to that house. However, you might have to wait till your current house is sold out. The Short Term Bridging Loan offered by HDFC Bank supports you between the sale of the old house and the purchase of a new house.
The features of Short Term Bridging Loan for the Salaried Individuals are mentioned below:
The rate of interest table for HDFC Short Term Bridging Loan for the salaried individuals is mentioned below:
| HDFC Short Term Bridging Loan Interest Rate for Salaried Individuals | |
|---|---|
| Loan Slab | Rate of Interest |
| Any amount of loan for the Commercial properties | 13.15% |
| Any amount of loan for the Residential properties | 12.30% |
Proof of Identity and Proof of Residence:
Proof of Income:
Other Documents:
Documents related to property:
A processing fee of 0.5% of the total loan amount is applicable along with taxes.
After an individual finalises to purchase a brand new house, he/she would naturally be excited to move in to the new property. However, sometimes he/she might have to wait and sell the existing property before moving into the new one. HDFC Short Term Bridging Loan for the Self-Employed Individuals allows supports the home buyer during the period of sale of the existing house and purchase of the new home.
The features of Short Term Bridging Loan for the self-employed Individuals are mentioned below:
| The rate of interest table for HDFC Short Term Bridging Loan for the self-employed | |
|---|---|
| Loan Slab | Rate of Interest |
| Any amount of loan for the Commercial properties | 13.15% |
| Any amount of loan for the Residential properties | 12.30% |
The adjustable rate for loans stands at 16.15%.
Proof of Income:
Documents related to property:
Other Documents:
Proof of Identity and Proof of Residence:
A processing fee of 0.5% of the total loan amount is applicable along with taxes.
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