Apply HDFC Home Loan At Lowest Interest Rate – Apply HDFC Bank Home Loan Online Now

How to Apply for HDFC Home Loan

HDFC Housing Loan offers you interest rates starting at 6.70% p.a.* with another 0.05% concession for women. Borrowers get overextended loan tenures up to 30 years. There is no preparing expense just anyone applies online for HDFC home. If anyone wants to buy, construct or renovate one’s house. Check your eligibility and apply now.

Why should you choose a Home Loan from HDFC?

  • HDFC is the most recognized premier housing finance company with more than 35 years of loaning knowledge.
  • It offers a wide range of home loan products at affordable interest rates, lowest EMI, and low processing charges with easy procedure of home loan as per borrowers’ needs.
  • Average customer ratings for HDFC  are currently at 4.5/5.0 which clearly shows the trust of money value product commitment.
  • HDFC provides home loan with more than  5.1 million home loan customers  with a network of 378 interconnected offices (including 103 offices of HDFC Sales)
  • HDFC maintains full transparency and doesn’t keep any hidden charges that are incurred on the loan applicant.
How-to-Apply-for-HDFC-Home-Loan1
How-to-Apply-for-HDFC-Home-Loan1

HDFC Home Loan Types

  1. HDFC Home Loan.

In these categories purchasing flat, bungalow, row house, or properties from Development Authorities

  1. HDFC Plot Loan.

In this Scheme, Borrowers get loans for the purchase of a plot through direct allotment.

You will get customized repayment options with no hidden charges.

You will get expert legal and technical counseling

  1. HDFC Rural Housing Loan.

In this scheme, you will get a loan for agriculturists, planters, horticulturists, dairy Farmers in residential property in rural and urban areas.

  1. HDFC Reach Home Loan.

In this scheme, you can use this loan to construct your home on freehold land or on a plot.

  1. HDFC Home Improvement Loan.

This loan scheme designed specifically meant for renovating your home with similar to normal home loan rates

  1. HDFC Home Extension Loan.

This scheme gives the option to apply for loans to add or extend space to your home. There is an interest rate concession for women applicants.

  1. HDFC Top-Up Loans.

In this scheme, both professional and personal can apply only after 12 months of the final disbursement.

It’s up to your existing home loan and upon possession or completion of the existing financed property.

  1. HDFC Balance Transfer Loans.

In this scheme, you get a special arrangement with AGIF for Home Loans for those employed in the Indian Army

  1. HDFC NRI Home Loans

This scheme designed for NRIs for the purchase of a flat, row house, bungalow from private developers.

  1. HDFC PMAY

This scheme affordable housing for the Economical Weaker Section (EWS), Lower Income Group (LIG), and Middle Income Group (MIG).

How-to-Apply-for-HDFC-Home-Loan
How-to-Apply-for-HDFC-Home-Loan

Features of HDFC Home Loan

  • HDFC provides an integrated branch network  servicing Home Loans anywhere in India
  • HDFC provides a home loan interest rate starts from 6.9%* per year.
  • HDFC processing fees of a Minimum of ₹10,000 and a Maximum of ₹10,000.
  • HDFC offers Home Loan tenure from 5 years to 30 years.
  • HDFC Offers loans to people wanting to upgrade their property through waterproofing, structural improvements, internal and external repairs, roofing, painting, etc. It offers unique advantages on home loans for all the category of customers as well.

Benefits HDFC Home Loan

  1. HDFC provides a longer home loan repayment tenure of up to 30 years.
  2. It offers a reduction in GST rates on a home purchase.
  3. Its Home Loan Application process is super easy and convenient to apply for a home loan online.
Eligibility Criteria and Documents applicable to all applicants for HDFC Home Loan

Borrowers’ home loan eligibility is calculated based on their age, income, property value, and repayment capacity.

The processing fee is 0.5% for lending the amount and conducting a credit appraisal and other checks.

1 Eligibility Criteria HDFC Home Loan
2 Eligible Age of Borrower 24 – 60 years
3 Minimum Eligible Income ₹ 18,000 and above
4 Work Experience for Salaried 1 years
5 Business Stability for Self Employed 5 years
6 Loan Amount Eligibility ₹ 5 Lakh to ₹ 5 Cr ( Based on customer profile)
7 Maximum loan as percent of property value Up to 90%
8 Maximum EMI as percent of income Up to 65%
9 HDFC Home Loan Rates 6.70%
10 Processing Fees 0.5% – 1.5%
11 Penal Interest Rate Up to 24% p.a.
12 Prepayment/Foreclosure Charges 0% – 2%

 

Documents required  for HDFC Ltd Home Loans 

  • Complete Application form with 2 photographs
  • Identity Proof and  Residence Proof documents
  • Processing Fee cheque
  • Latest Salary Slip.
  • Form 16 / ITR.

HDFC Home loan EMI calculator.

Borrowers need to enter the relevant details related to your loan, including the loan amount, interest rate, loan tenure, and processing fee. It helps individuals immensely in that endeavor.

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How-to-Apply-for-HDFC-Home-Loan1

How to Apply for HDFC Home Loan

You can follow the given instruction to get a home loan.

Online Process

You need to visit the official website and click on the ‘Apply Now’ button in the Home Loan section and follow the on-screen instructions to easily apply for a loan.

On the HDFC website, you can track the status of your HDFC home loan application.

Offline 

You can visit one of the nearest branches. Home loan executives assist you regarding any questions, queries, and doubts.

Once the application is submitted. It will take 3 to 7 working days to run the background verification.

HDFC Corporate Office Address

HDFC House, H T Parekh Marg, 165-166, Backbay Reclamation, Church gate, Mumbai Pin-400 020

Toll Free Number: 1800 258 38 38/1800 22 40 60

Contact Number: +91 (22) 6663 6000

Things to check/do before you apply for a home loan online. 

The following points need to be kept in mind before applying for a home loan online from HDFC

  1. You need loan eligibility for your home loan application.
  2. Proper documents as per loan type is a pragmatic approach to get the approval of your home loan.
  3. You should not hesitate to ask any concerns regarding even its seems points.

How do I improve my chances of getting an HDFC Home Loan? 

  1. You need to keep a reasonable track record of timely repayments to help achieve a high credit score.
  2. You should avoid frequent job changes.

FAQ

Question 1. How is the home loan eligibility calculator that helps borrowers?

Answer: It helps borrowers enter the details of their income and repayment capacity. This gives a good estimate of home affordability.

Question 2. How will HDFC decide the applicant eligible or not?

Answer: It depends upon your age, qualification, number of dependents, your spouse’s income,  savings history, and the stability of occupation.

Question 3. Is my property records sage with HDFC?

Answer: HDFC has an in-house examination of property archives. It gives a guarantee that your property records are in safe hands.

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