Standing true by the name Housing Development Finance Corporation Limited (HDFC) offers some excellent home loan options for you to choose from. Being in the business for more than 20 years it offers some great benefits to the applicants. The competitive rates, easy repayment options, minimal documentation, doorstep service are some of the features to look for. These features add convenience to the whole process of taking a home loan at every stage. Go ahead and apply.
HDFC BANK Home Loan Fees and Interest Charges
Interest Rate : 11.49% to 17.50%
Processing Fees : Rs 999 - 2.5% OF LOAN AMOUNT
Loan Tenure : 1-5 YEARS
Guarantor : NOT REQUIRED
Pre-closure Charges : Two part-payments allowed per financial year,10% of principal outstanding (plus ST) till 6 months. 5% (plus ST) thereafter.
Check the factors first
EMI you are eligible up to 50 % of income.
Finances 75- 90 % of project value
Any other EMI can lower down your eligibility
Know if you’re eligible for the loan
Minimum entry age: 18 years
Maximum age: 60 years
Income: Salaried & self employed
Why don’t you increase your loan eligibility?
Add Co applicant as your spouse her income can also be added to increase your eligibility
Choose longer tenure for eligibility maximisation.
Add your parent also as co applicant and increase your eligibility
What are the documents needed?
1. Application form with photograph duly signed
2. Processing fees
3. Latest 6 months Statement of bank account
4. ID Proof with Photo
5.Address Proof with Photo
6. Documents required for self employed
7. Documents for salaried