HUDCO Home Loan

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HUDCO Home Loan EMI Calculator

Your home loan EMI (equated monthly instalment) depends on multiple factors, including the loan amount, tenure, and interest rate. To calculate your monthly instalments beforehand, you can use Home Loan EMI Calculator.

The computation process is hassle-free with a quick turnaround time. Just enter all the details related to your loan, including amount, rate of interest, and processing fee. Click on "calculate" to view your EMI. This will be followed by an amortisation table that will give you a complete breakdown of your repayment schedule.

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HUDCO Home Loan Eligibility Criteria

Age	23 years to 65 years
Nationality	Resident Indians

Documents Required

1. Identity proof
2. Residential address proof
3. Passport size photograph
4. Last 3 months' salary slips
5. Last 6 months' bank statements
6. Property-related documents

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FAQs on HUDCO Home Loan

• Is this scheme specifically for purchasing a house?

  No, the amount can be used for multiple property-related purposes, including construction or purchase of house, home extensions and improvements, and refinancing of existing financing taken from another bank, to name a few.

• Can I get interest subsidy if I belong to the EWS (Economically Weaker Section) category?

  Yes, LIG and EWS applicants are eligible for an interest subsidy of 6.5%. However, this facility is available only for loans up to Rs.6 lakh. So, if you are looking for a loan above Rs.6 lakh, applicable rate of interest will be charged.

• Are there any processing fee that I have to pay?

  No, you don't have to pay any processing fee. However, you will have to pay an administrative fee of 0.25% of the loan amount.

• Are there any other rebates or facilities offered under this scheme?

  Those who qualify for Credit Linked Subsidy Scheme (CLSS) are eligible for subsidised rates. Women police personnel can enjoy a rebate of 0.10% on the existing rates (conditions apply). Also, government employees can enjoy reduced rates.

• Are there any prepayment charges?

  You don't have to pay any charges if you foreclose the loan.