Why Choose HDFC Ltd. Home Loan?

July 25, 2020 by admin

HDFC offers home loans to eligible borrowers with EMIs starting from ₹662 per lakh and interest rates starting from 6.95%* p.a. over extended loan tenures up to 30 years. Funding is available up-to 90%* on the market value of the property.

HDFC Ltd. is a leading NBFC providing housing loans in India. HDFC Ltd. offers a wide range of products to cater to the different needs of the borrowers which includes housing loan for the purchase of ready to move builder or resale property, bungalow, row houses, property from MHADA & DDA etc., for construction on plot, for home extension, home improvement and more.

Key Features Of HDFC Ltd. Home Loan

Home loan interest rates start from 6.95% p.a.
Flexible repayment tenure available up-to 30 years.
Lowest EMI per lakh for home loan starts from Rs.662/-.
Home loans are available for all profiles.
Floating and fixed interest rate option available.
PMAY credit linked subsidy schemes available with subsidy up-to Rs.2.67 lakhs.
Nil foreclosure charges for floating interest rate home loans.
Home loan insurance options available at attractive premiums to ease the burden of loan repayments on you and your family in any unforeseen incidents.
Facility for online processing of loan applications for sanction is available.
Sanction loan approval possible without having selected a property.

HDFC Ltd. Offers Home Loan For Following Purposes

1) Home Loan: For purchase of a new residential property from a developer or a development authority as well as for purchase of resale properties, applied individually or jointly with a co-applicant.

2) Home Improvement Loan: For renovations and repairs such as home interiors, painting, water-proofing, external repair work, electrical work, etc.

3) Home Extension Loan: To fund the cost of adding more floors or rooms to an existing house.

4) Top-Up Loan: For additional funds on existing loan which can be used for personal or professional needs.

5) Balance Transfer: To take the advantage of lower interest rates, better repayment terms and enhanced services.

HDFC Ltd. Home Loan Details

Interest Rates:

Starts from 6.95%p.a.*
Fixed and floating interest rates available.
Interest rates are linked to RPLR (Retail Prime Lending Rate).
Current RPLR as on 07, 2020 is 16.20%.
Interest rates range from 6.95%p.a. To 9.35%p.a.

Interest Rates On Different Home Loans Schemes

HDFC Home Loan Schemes		Interest Rates (%p.a.)	TrueFixed Loan Rates
HDFC Home Loan		6.95% – 8.00%	7.40% – 8.35%
HDFC Home Improvement Loan		6.95% -8.00%	7.40% – 8.35%
HDFC Home Extension Loan		6.95% – 8.00%	7.40% – 8.35%
HDFC Top Up Loans	Top-up	8.30% – 8.80%	8.65% – 9.15%
	Top-up With Balance Transfer	6.95% – 8.80%	7.40% – 9.15%
HDFC Rural Housing Loan		6.95% – 8.70%	7.40% – 8.75%
HDFC Plot Loan		7.05% – 7.95%	7.50% – 8.45%
HDFC Reach Home Loan		8.75% – 14.50%	8.75% – 14.50%

Note: Interest rates are subject to change without prior notice.

Loan Amount: Is based on customer profile but the minimum home loan amount is Rs.5 lakhs and maximum ceiling limit is for Rs.20 crores.

Eligibility Criteria: A borrower with regular flow of income and within the age group of 21 years to 70 years.

	Age Bracket
Applicant	18 years – 70 years
Co-Applicant	21 years – 70 years
NRI	25 years – 60 years

Who Can Apply: Salaried, self-employed- (proprietor, partner), self-employed professionals, company- partnership firm, proprietorship firm, private limited and NRI.

Loan Tenure: Maximum up-to 30 years.

CIBIL Score: No mandatory requirement of good score. Loans with CIBIL score below 650 are also acceptable subject to high rate of interest.

Processing Fees: Minimum Rs.3,000 – Up-to 2% of loan amount plus applicable GST.

Prepayment Charges: Up-to 2% on the outstanding loan amount plus applicable GST.

Interest Rates	For Individual Borrowers (Salaried, Self-Employed & Professionals)	For Non-Individual Borrowers (company/ Sole Proprietorship Concern/Firm or an HUF as co-applicants)
Floating Rates	Nil	Within 6 months – 2% + applicable GST.6 months – 36 months: Up-to 25% prepayment – Nil Excess of 25% – 2% + applicable GST. More than 3 months: Prepaid through own funds – Nil Prepaid through refinance – 2% + applicable GST.
Fixed Rates	2% + applicable GST.	Within 6 months – 2% + applicable GST.6 months – 36 months: Up-to 25% prepayment – Nil Excess of 25% – 2% + applicable GST. More than 3 months: Prepaid through own funds – Nil Prepaid through refinance – 2% + applicable GST.

Note: The contents are subject to change from time to time without prior notice and the levy of the same shall be at such rates as may be applicable as on the date of such charge.

Conversion Charges: Up-to 1.75% on the outstanding principal loan amount plus applicable GST.

Sr. No.	Conversion Product	Conversion Charges (% On Outstanding Loan Amount)
1	Floating To Floating- Switch to lower rate in floating rate loan. (Home Loan/ Home Improvement Loan/ Home Extension Loan).	Up-to 0.50% of the principal outstanding or Rs.50,000/-, whichever is low + applicable GST.
2	Fixed To Floating – Switch to floating rate loan from fixed rate loan. (Home Loan/ Home Improvement Loan/ Home Extension Loan).	Up-to 0.50% of the principal outstanding or Rs.50,000/-, whichever is low + applicable GST.
3	Switch To Floating rate from TruFixed fixed rate	7.75% of the principal outstanding + applicable GST.
4	Switch To Lower Rates (Plot Loans)	0.50% of the principal outstanding + applicable GST.

Note: The contents are subject to change from time to time without prior notice and the levy of the same shall be at such rates as may be applicable as on the date of such charge.

Additional Read: DON’T GET FOOLED !! MUST KNOW ALL COSTS IN HOME LOAN

Loan To Value (LTV): Varies from 75%-90% depending upon the loan amount and the market value of the property.

Home Loan Amount	LTV % (On The Market Value Of Property)
Up-to 30lakhs	90%
30lakhs – 75lakhs	80%
75lakhs and above	75%

Home Loan EMI Repayment Options: There are different repayment options available in HDFC Ltd. to suit the different repayment capacities of the borrowers.

Sr. No.	Repayment Option	Description	Available For
1	SURF – Step Up Repayment Facility	Repayment schedule is linked to the expected growth in your income. EMI in the initial years are lower. Subsequently, the repayment is accelerated proportionately with the assumed increase in the income.	Salaried
2	FLIP – Flexible Loan Installments Plan	EMI is higher during the initial years and subsequently decreases in proportion to the income.	Salaried
3	Tranche Based EMI	Tranche the loan and start paying EMIs on the cumulative amounts disbursed instead of only paying the interest on loan taken on under-construction property.	Salaried & Self-Employed
4	Accelerated Repayment Schemes	Flexibility to increase the EMIs every year in proportion to the increase in the income.	Salaried & Self-Employed
5	Telescopic Repayment Option	Longer repayment tenure of up-to 30 years.	Salaried & Self-Employed

Documents Required: KYC, income documents and property papers. Additional LOD (list of documents), Outstanding Letter and 12 months repayment track record are required in case of home loan balance transfers.

KYC	Pan Card, Adhar Card & Photograph
Income Documents
For Salaried	4 months Salary Slips, 6 months Bank Account Statement, 2 years From 16.
For Self-Employed	3 years ITR with Saral Copy, Balance Sheet, P&L Account, Capital Account – CA certified with membership no. and UDIN No.
Property Papers	Prior Chain of Agreement, OC/CC + approved plans, Index 2, Share Certificate, Society Registration Copy, Property Tax.

Click for Home Loan documentations – For Salaried resale case & builder case, For Self-Employed- Proprietorship Firm resale case & builder case, Private Limited Company resale case & builder case, Partnership Firm resale case & builder case, NRI.

Click for Home Loan Balance Transfer documentations – For Salaried, For Self-Employed- Proprietorship Firm, Private Limited Company, Partnership Firm.

CLICK TO TRANSFER YOUR HIGH INTEREST RATE HOME LOAN @ 6.95%*p.a.

HDFC Ltd. Home Loan EMI Calculator

HDFC’s Home Loan EMI calculator gives a clear understanding of the EMI and helps make an informed decision about the outflow towards the housing loan every month. This in turn helps to estimate the loan amount that can be availed and own contribution that needs to be arranged and accordingly decide on the budget for purchasing the property. Therefore knowing the EMI is crucial for calculation of home loan eligibility and for planning a budget for buying a home. With the help of the calculator calculate how much EMI you can comfortably pay at just a single click.

Steps To Calculate EMI With 3 Easy Inputs

Enter the desired loan amount.
Enter the desired loan tenure.
Input the interest rate.

CALCULATE YOUR EMI

HDFC’s Home Loan Per Lakh EMI For Different Tenures @ 6.95%

Tenure
5 Years	10 Years	15 Years	20 Years	25 Years	30 Years
Rs.1,978/-	Rs.1,159/-	Rs.896/-	Rs.772/-	Rs.704/-	Rs.662/-

The EMI calculator also helps to compare multiple EMIs with different loan tenures and interest rates and choose the one which is best within the budget.

HDFC’s Home Loan EMI Calculator @ 6.95% Interest Rates For 25 Lakhs

Loan Amount	10 Years	15 Years	20 Years	25 Years	30 Years
25 Lakhs	Rs.28,963/-	Rs.22,401/-	Rs.19,308/-	Rs.17,590/-	Rs.16,549/-

Note: 6.95% interest rate is available for women borrowers with CIBIL score of 780 above.

HDFC’s EMI calculators give a fair understanding about the ratio of the principal amount to the interest due, based on the loan tenure and interest rates.

Home Loan Amortization Schedule For 25 Lakhs Housing Loan For 20 Years

Year	Total EMI	Principal	Interest	Balance
1	2,31,696	59,822	1,71,874	24,40,178
2	2,31,696	64,113	1,67,583	23,76,064
3	2,31,696	68,716	1,62,980	23,07,348
4	2,31,696	73,645	1,58,051	22,33,702
5	2,31,696	78,931	1,52,765	21,54,772
6	2,31,696	84,595	1,47,101	20,70,177
7	2,31,696	90,667	1,41,029	19,79,512
8	2,31,696	97,170	1,34,526	18,82,342
9	2,31,696	1,04,143	1,27,553	17,78,199
10	2,31,696	1,11,615	1,20,081	16,66,582
11	2,31,696	1,19,625	1,12,071	15,46,957
12	2,31,696	1,28,209	1,03,487	14,18,747
13	2,31,696	1,37,410	94,286	12,81,337
14	2,31,696	1,47,270	84,426	11,34,068
15	2,31,696	1,57,838	73,858	9,76,231
16	2,31,696	1,69,165	62,531	8,07,067
17	2,31,696	1,81,301	50,395	6,25,765
18	2,31,696	1,94,311	37,385	4,31,454
19	2,31,696	2,08,253	23,443	2,23,199
20	2,31,696	2,23,200	8,496	0

Additional Read: Best Banks For Home Loan In India

HDFC Ltd. Home Loan Schemes

Since all home loan requirements are not the same, HDFC provides customized home loan schemes for the borrowers to meet their housing loan requirements. The schemes include home loan, home improvement loan, home extension loan, top-up loan, home loan balance transfer, plot loans, rural housing loans, HDFC reach loans and home loan for NRI.

1) HDFC Home Loan

HDFC home loan is available for purchasing a flat, bungalow, row house, properties from development authorities such as MHADA, DDA, CIDCO, etc.

Eligibility:- Minimum 21 years and maximum 70 years.
Eligible Profile:- Salaried, Self-employed, Professionals & NRI.
Loan Tenure: – Maximum up-to 30 years.
LTV Funding:- Maximum upt 90% on the cost of the property.
Processing Fees: –

For Salaried	Up to 0.50% of the loan amount or ₹3,000 whichever is higher, plus applicable taxes.
For Self-Employed Professionals	Up to 0.50% of the loan amount or ₹3,000 whichever is higher + applicable GST.
For Self-Employed Non-Professionals	Up to 1.50% of the loan amount or ₹4,500 whichever is higher, plus applicable taxes.

Interest Rates: – Range between 6.95%p.a.-7.90%pa.a. Interest rates differ with the CIBIL score of the borrower. RPLR is 16.20%. Below given is the interest grid for women borrowers and other borrowers according to their risk grades.
Grade I – CIBIL score 780 & above.
Grade II – CIBIL score 700 to 779.
Grade III – CIBIL score 650 to 699.
Grade IV – CIBIL score below 650.

Interest Rates For Loan Amount 30 Lakhs And Below
	Salaried	Self-Employed
Grade I	Grade II	Grade III	Grade IV	Grade I	Grade II	Grade III	Grade IV
Women Borrowers	6.95%	7.15%	7.30%	7.35%	7.10%	7.30%	7.45%	7.50%
Others	7%	7.20%	7.35%	7.40%	7.15%	7.35%	7.50%	7.55%
	Interest Rates For Loan Amount 30 Lakhs To 75 Lakhs
Women Borrowers	7.20%	7.30%	7.45%	7.50%	7.35%	7.45%	7.60%	7.65%
Others	7.25%	7.35%	7.50%	7.55%	7.40%	7.50%	7.65%	7.70%
	Interest Rates For Loan Amount Above 75 Lakhs
Women Borrowers	7.30%	7.40%	7.55%	7.60%	7.45%	7.55%	7.70%	7.75%
Others	7.35%	7.45%	7.60%	7.65%	7.50%	7.60%	7.75%	7.80%

Note: Interest rates are subject to change without prior notice.

Additional Read: Home Loan Interest Rates꘡Compare Rates Of Top BanksKnow How To Deal With The Increasing Interest Rates Of Housing Loans

2) HDFC Home Loan Balance Transfer

Home loan balance transfer is available to switch existing outstanding loan balance to HDFC to enjoy the benefits of low interest rate which starts from 6.95%*p.a. and longer repayment tenures of upto 30 years subject to the age of the borrower and the good repayment track record for 12 months. The borrower can also apply for an additional top-up along with home loan balance transfer. Maximum top-up loan that can be availed is 50 lakhs.

Eligibility:- Minimum 21 years and maximum 70 years.
Eligible Profile: – Salaried, Self-employed, Professionals & NRI.
Loan Tenure: – Up-to 30 years for home loan and up-to 15 years for top-up.
LTV Funding: – Maximum up-to 85% of the cost of the property.

Home Loan Amount	LTV % (On The Market Value Of Property)
Upto 30lakhs	85%
30lakhs – 75lakhs	80%
75lakhs and above	75%

Processing Fees: –

For Salaried	Up to 0.50% of the loan amount or ₹3,000 whichever is higher, plus applicable taxes.
For Self-Employed Professionals	Up to 0.50% of the loan amount or ₹3,000 whichever is higher + applicable GST.
For Self-Employed Non-Professionals	Up to 1.50% of the loan amount or ₹4,500 whichever is higher, plus applicable taxes.

Interest Rates: – Range from 6.95%p.a.-8%pa.

Balance Transfer Interest Rates For Loan Amount 30 Lakhs And Below
	Salaried	Self-Employed Professionals	Self-Employed Non- Professionals
Women Borrowers	6.95%-7.45%	6.95%-7.45%	7.10%-7.60%
Others	7%-7.50%	7%-7.50%	7.15%-7.65%
Balance Transfer Interest Rates For Loan Amount 30 Lakhs And Above
Women Borrowers	7.10%-7.80%	7.10%-7.80%	7.25%-7.95%
Others	7.10%-7.85%	7.10%-7.85%	7.25%-8%

Note: Interest rates are subject to change without prior notice.

Additional Read: Home Loan Refinancing In India: Things to Know Before Applying For Refinancing

Home Loan Refinancing

Click To Apply For Home Loan Balance Transfer

3) HDFC Top-Up Loan

Top-Up Loan with HDFC can be taken with minimal documentation. It is an additional loan provided on an existing home loan. On completion of one year of loan repayment the loan borrower can apply for a top-up loan for additional funds which can be used for a variety of personal and professional needs. The borrower must have a good repayment track record for 12 months to apply for a top-up loan. All borrowers with an existing home loan, home improvement loan or a home extension loan can apply for a top up loan.

Eligibility: – Minimum 21 years and maximum 70 years.
Eligible Profile: – Salaried, Self-employed, Professionals & NRI.
Loan Tenure: – Maximum up-to 15 years.
Loan Amount: – Maximum up-to 50 lakhs.
LTV Funding: – Maximum up-to 80% of the cost of the property.

Home Loan Amount	LTV % (On The Market Value Of Property)
Up-to 75lakhs	80%
75lakhs and above	75%

Processing Fees: –

For Salaried	Up to 0.50% of the loan amount or ₹3,000 whichever is higher, plus applicable taxes.
For Self-Employed Professionals	Up to 0.50% of the loan amount or ₹3,000 whichever is higher + applicable GST.
For Self-Employed Non-Professionals	Up to 1.50% of the loan amount or ₹4,500 whichever is higher, plus applicable taxes.

Interest Rates: –

For Salaried	8.30% – 8.80%
For Self-Employed Professionals	8.30% – 8.80%
For Self-Employed Non-Professionals	8.30% – 8.80%

4) HDFC Plot Loan

HDFC plot loans are available for the purchase of plot through direct allotment or in resale or for constructing a house on the purchased plot. Both salaried and self-employed borrowers can individually or jointly apply for a plot loan. All proposed owners of the plot have to be the co-applicants in the loan.

Eligibility: – Minimum 21 years and maximum 70 years.
Eligible Profile: – Salaried, Self-employed, Professionals & NRI.
Loan Tenure: – Maximum up-to 15 years.
Loan Amount: – Up-to 1 crore.
LTV Funding: – Maximum up-to 80% of the cost of the property.

Plot Loan Amount	LTV % (On The Market Value Of Property)
Up-to 75lakhs	80%
75lakhs and above	75%

Processing Fees: –

For Salaried	Up to 0.50% of the loan amount or ₹3,000 whichever is higher, plus applicable taxes.
For Self-Employed Professionals	Up to 0.50% of the loan amount or ₹3,000 whichever is higher + applicable GST.
For Self-Employed Non-Professionals	Up to 1.50% of the loan amount or ₹4,500 whichever is higher, plus applicable taxes.

Interest Rates: –

Plot Loan Interest Rates For Loan Amount 30 Lakhs And Below
	Salaried	Self-Employed Professionals	Self-Employed Non- Professionals
Women Borrowers	7.05%-7.55%	7.05%-7.55%	7.20%-7.70%
Others	7.10%-7.60%	7.10%-7.60%	7.25%-7.75%
Plot Loan Interest Rates For Loan Amount 30 Lakhs To 75 Lakhs
Women Borrowers	7.30%-7.80%	7.30%-7.80%	7.45%-7.95%
Others	7.35%-7.85%	7.35%-7.85%	7.50%-8%
Plot Loan Interest Rates For Loan Amount Above 75 Lakhs
Women Borrowers	7.40%-7.95%	7.40%-7.95%	7.55%-8.05%
Others	7.45%-7.95%	7.45%-7.95%	7.60%-8.10%

Note: Interest rates are subject to change without prior notice. f

Additional Read: Housing Loan Benefits For Women Borrower In India

5) HDFC Home Improvement Loan

HDFC home improvement loan is available for home renovations / refurbishing. It covers a range of facilities including internal as well as external to the structure without increasing in the living space such as tiling, flooring, plastering, painting, etc. The loan amount is based on the estimation of cost of improvement as assessed by HDFC.

Eligibility: – Minimum 21 years and maximum 70 years.
Eligible Profile: – Salaried, Self-employed, Professionals, NRI & Companies.
Loan Tenure: – Maximum up-to 15 years.
Loan Amount: – Up-to 5 crore.
LTV Funding: – Up-to 100% of the cost of improvement estimate.

Loan Amount	Maximum Funding (% of improvement estimate subject to loan / total exposure not exceeding market value of the property)
	For Existing Customers	For New Customers
Up-to 30 Lakhs	100% of the improvement estimate	90% of the improvement estimate
	Subject to loan / total exposure not exceeding 90% of the property’s market value.
30 Lakhs – 75 Lakhs	100% of the improvement estimate	80% of the improvement estimate
	Subject to loan / total exposure not exceeding 80% of the property’s market value.
75 Lakhs & Above	100% of the improvement estimate	75% of the improvement estimate
	Subject to loan / total exposure not exceeding 75% of the property’s market value.

Processing Fees: –

For Salaried	Up to 0.50% of the loan amount or ₹3,000 whichever is higher, plus applicable taxes.
For Self-Employed Professionals	Up to 0.50% of the loan amount or ₹3,000 whichever is higher + applicable GST.
For Self-Employed Non-Professionals	Up to 1.50% of the loan amount or ₹4,500 whichever is higher, plus applicable taxes.

Interest Rates: – As per housing loan interest rate slabs.

6) HDFC Home Extension Loan

HDFC home extension loan is available for adding more space to the home. The loan is intended for both salaried and self-employed borrowers to extend or add space to the house such as making additional room (for kids, study room, puja room or small home gym, etc.) applied individually or jointly.

Eligibility: – Minimum 21 years and maximum 70 years.
Eligible Profile: – Salaried, Self-employed, Professionals, NRI & PIO i.e. person of Indian origin and OCI – overseas citizens of India.
Loan Tenure: – Maximum up-to 20 years.
Loan Amount: – Up-to 5 crore.
LTV Funding: – Up-to 100% of the cost of construction estimate as assessed b y HDFC.

Loan Amount	Maximum Funding
Up-to 30 Lakhs	90% of the construction estimate- subject to loan / total exposure not exceeding 90% of the market value of the property.
30 Lakhs – 75 Lakhs	80% of the construction estimate- subject to loan / total exposure not exceeding 90% of the market value of the property.
75 Lakhs & Above	75% of the construction estimate- subject to loan / total exposure not exceeding 90% of the market value of the property.

Processing Fees: –

For Salaried	Up to 0.50% of the loan amount or ₹3,000 whichever is higher, plus applicable taxes.
For Self-Employed Professionals	Up to 0.50% of the loan amount or ₹3,000 whichever is higher + applicable GST.
For Self-Employed Non-Professionals	Up to 1.50% of the loan amount or ₹4,500 whichever is higher, plus applicable taxes.

Interest Rates: – As per housing loan interest rate slabs.

7) HDFC Rural Housing Finance

HDFC rural housing finance are loans available to farmers, agriculturists, planters and horticulturists for purchasing a (under construction or ready to move or resale) residential property in rural and urban areas, for constructing a house on the plot in rural and urban areas, for improvement (tiling, flooring, plastering, painting, etc) of their existing house and for extension (adding a room, etc) of their existing house. The loan is customized as per the agricultural land owned and crops cultivated by them. The loan requires no mandatory condition of income tax returns for the agriculturist applying for a housing loan.

HDFC rural housing finance also offers Home Loans to salaried and self-employed individuals wishing for purchasing a under construction / new / existing residential property in your village.

Eligibility: – Minimum 21 years and maximum 70 years.
Eligible Profile:- Salaried, Self-employed, Farmers, Agriculturists, Planters and Horticulturists or Dairy Farmers.
Loan Tenure: –
Maximum up-to 30 years for home loan.
Maximum up-to 20 years for other home loans products.
Loan Amount: – Minimum 5 lakhs and maximum up-to 5 crore.
LTV Funding: – Maximum up-to 90% of the cost of the property.

Home Loan Amount	Maximum Funding LTV % (On The Market Value Of Property)
Up-to 30lakhs	90%
30lakhs – 75lakhs	80%
75lakhs and above	75%

Note: Funding is also subject to location of the property and repayment capacity of the applicant.

Processing Fees: –

For Salaried	Up to 0.50% of the loan amount or ₹3,000 whichever is higher, plus applicable taxes.
For Self-Employed Professionals	Up to 0.50% of the loan amount or ₹3,000 whichever is higher + applicable GST.
For Self-Employed Non-Professionals	Up to 1.50% of the loan amount or ₹4,500 whichever is higher, plus applicable taxes.
For Agriculturists	Up to 1.50% of the loan amount or ₹4,500 whichever is higher, plus applicable taxes.

Interest Rates: – Range from 6.95%p.a. – 8.70% p.a.

Loan Amount	Women Borrowers	Others
Upto 30lakhs	6.95%-8.45%	7%-8.45%
30lakhs – 75lakhs	7.20%-8.60%	7.25%-8.60%
75lakhs and above	7.30%-8.70%	7.35%8.70%

Note: Interest rates are subject to change without prior notice.

8) HDFC Reach Home Loans

HDFC reach home loans are available for both salaried & self-employed borrowers earning smaller incomes and cash incomes per month. It is a specially designed product for the smaller income groups working in unorganized sectors that are often neglected by the home loan lenders. It also covers the profiles which otherwise do not qualify under normal home loan products, and therefore the interest rates remain high which are 2%-7%p.a. higher than the standard interest rates. Under HDFC reach a borrower can apply for a loan for purchasing a new ready to move / resale property, for constructing a house on a plot, for purchasing a pot, for renovating and refurbishing the house, for adding extra space to the house, for getting additional loan as top-up and for balance transferring the housing loan.

Eligibility: – Minimum 21 years and maximum 70 years.
Eligible Profile: – Salaried, Self-employed, Professionals.
Eligible Products: – Home Loan, Home Loan Balance Transfer, Top-up Loan, Plot Loan, Home Improvement Loan, Home Extension Loan.
Loan Tenure: –
– Maximum up-to 30 years for home loan, home loan balance transfer and home extension loan.
– Maximum up-to 15 years for home improvement loan, top-up loan
Loan Amount: – Range from 15 lakhs – 1 crore.
LTV Funding: – Maximum up-to 80% of the cost of the property.

Product	Maximum Funding
Home Loan	80% of the property cost
Home Extension Loan	80% of the property cost
Home Improvement Loan	80% of the property cost
Top-Up Loan	80% of the property cost
Home Loan Balance Transfer	80% of the property cost
Plot Loan	60% of the property cost

Processing Fees: – Up-to 2% on loan amount.
Interest Rates: – Range from 8.75%p.a.-14.50%p.a.

Product	TrueFixed Rate	Loan Amount
Home Loan, Home Extension Loan & Home Improvement Loan	8.75%p.a.-14%p.a.	Any loan amount.
Plot Loan	9.25%p.a.-14.50%p.a.	Any loan amount.

Compare Home Loan HDFC with ICICI And Canara bank

Compare HDFC Ltd. Home Loan with ICICI Bank Home Loan and Canara Bank Home Loan.

Speak to our experts on 9321020476 or log on to https://www.loanfasttrack.com/ for additional details. You can also email on info@loanfasttrack.com.

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