HDFC Home Loans: Get lowest interest rates & Apply online and Get Instant Approval, Flexiable Schemes for Higher loan eligibility and attractive Interest Rates.
SALIENT FEATURES :
Loan Term
The maximum period of repayment of a loan shall be up to 30 years for the Telescopic Repayment Option under the Adjustable Rate Home Loan. For all other Home Loan products, the maximum repayment period shall be up to 20 years.
The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, age of property at loan maturity, depending upon the specific repayment scheme as may be opted and any other terms which may be applicable based on prevalent norms of HDFC.
Maximum Loan Amount
Loan Amount Maximum Funding*
Up to Rs.75 lacs 80% of the property cost
Above Rs.75 lacs 75% of the property cost
DOCUMENTS
Following are the documents you would need to submit for all applicants / co-applicants along with the completed and signed Application Form for loan approval:
Purpose Documents
Proof of both identity and residence (any 1) - Valid Passport, Voter ID Card, Aadhaar Card, PAN Card with Allotment Letter
For the complete list of KYC documents - Proof of income, PAN Card, Last 3 months' Salary Slips, Last 6 months' Bank Statements, showing salary credits, Latest Form-16 and IT returns
Other documents
Employment Contract / Appointment Letter in case current employment is less than 1 year old
Last 6 months' Bank Statements showing repayment of any ongoing loans
Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across
Cheque for processing fee favouring ‘HDFC Ltd.’
Property related documents
Copy of the Allotment Letter / Buyer Agreement
Receipt/(s) of payment/(s) made to the developer
All documents to be self attested.
The above list is indicative in nature and additional documents can be asked for.
FEES AND CHARGES
The following is an indicative list of fees / other charges / outgoings that are payable depending on the nature of the loan availed (*):
Processing Fees
Up to 0.50% of the loan amount or Rs.2,000 whichever is higher, plus applicable taxes.
Prepayment Charges
Adjustable Rate Home Loans [ARHL] And
Dual Rate Home Loans [DRHL] / Fixed First Home Loans / TruFixed Rate Home Loans / TruFixed Plus Home Loans / TruFixed Plus Home Loans – 2 & 3 Year Fixed Rate Variants - During The Period Of Applicability Of The Adjustable Rate Of Interest :
No prepayment charges shall be payable for part or full prepayments irrespective of the source of funds being used for prepayment.
Fixed Rate Home Loans [FRHL] And
Dual Rate Home Loans [DRHL] / Fixed First Home Loans / TruFixed Rate Home Loans / TruFixed Plus Home Loans / TruFixed Plus Home Loans – 2 & 3 Year Fixed Rate Variants – During The Period Of Applicability Of The Fixed / Initial Rate Of Interest:
No prepayment charges shall be payable for part or full payments made from own sources. The expression ‘own sources’ for this purpose means any source other than borrowing from a Bank / Housing Finance Company (HFC) / Non Banking Financial Company (NBFC) or Financial Institution.
SALIENT FEATURES :
- Loans for purchase of:
- A flat, row house, bungalow from private developers in approved projects.
- Properties from Development Authorities such as DDA, MHADA etc.
- Attractive interest rates that make your Home Loan affordable and easier on your pocket.
- Customised repayment options to suit your needs.
- No hidden charges.
- Expert legal and technical counselling to help you make the right home buying decision.
- Integrated branch network for availing and servicing the loan anywhere in India.
- Special arrangement with AGIF for Home Loans for those employed in the Indian Army.
For Latest Interest Rates on Home Loans - Click Here
Loan Term
The maximum period of repayment of a loan shall be up to 30 years for the Telescopic Repayment Option under the Adjustable Rate Home Loan. For all other Home Loan products, the maximum repayment period shall be up to 20 years.
The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, age of property at loan maturity, depending upon the specific repayment scheme as may be opted and any other terms which may be applicable based on prevalent norms of HDFC.
Maximum Loan Amount
Loan Amount Maximum Funding*
Up to Rs.75 lacs 80% of the property cost
Above Rs.75 lacs 75% of the property cost
DOCUMENTS
Following are the documents you would need to submit for all applicants / co-applicants along with the completed and signed Application Form for loan approval:
Purpose Documents
Proof of both identity and residence (any 1) - Valid Passport, Voter ID Card, Aadhaar Card, PAN Card with Allotment Letter
For the complete list of KYC documents - Proof of income, PAN Card, Last 3 months' Salary Slips, Last 6 months' Bank Statements, showing salary credits, Latest Form-16 and IT returns
Other documents
Employment Contract / Appointment Letter in case current employment is less than 1 year old
Last 6 months' Bank Statements showing repayment of any ongoing loans
Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across
Cheque for processing fee favouring ‘HDFC Ltd.’
Property related documents
Copy of the Allotment Letter / Buyer Agreement
Receipt/(s) of payment/(s) made to the developer
All documents to be self attested.
The above list is indicative in nature and additional documents can be asked for.
FEES AND CHARGES
The following is an indicative list of fees / other charges / outgoings that are payable depending on the nature of the loan availed (*):
Processing Fees
Up to 0.50% of the loan amount or Rs.2,000 whichever is higher, plus applicable taxes.
Prepayment Charges
Adjustable Rate Home Loans [ARHL] And
Dual Rate Home Loans [DRHL] / Fixed First Home Loans / TruFixed Rate Home Loans / TruFixed Plus Home Loans / TruFixed Plus Home Loans – 2 & 3 Year Fixed Rate Variants - During The Period Of Applicability Of The Adjustable Rate Of Interest :
No prepayment charges shall be payable for part or full prepayments irrespective of the source of funds being used for prepayment.
Fixed Rate Home Loans [FRHL] And
Dual Rate Home Loans [DRHL] / Fixed First Home Loans / TruFixed Rate Home Loans / TruFixed Plus Home Loans / TruFixed Plus Home Loans – 2 & 3 Year Fixed Rate Variants – During The Period Of Applicability Of The Fixed / Initial Rate Of Interest:
No prepayment charges shall be payable for part or full payments made from own sources. The expression ‘own sources’ for this purpose means any source other than borrowing from a Bank / Housing Finance Company (HFC) / Non Banking Financial Company (NBFC) or Financial Institution.
