HDFC Sales Home Loan

Features of HDFC Sales Home Loans

• Loans can be availed for the purchase of flats, bungalows and row-houses from private construction companies in approved projects.
• HDFC Sales provides loans on purchases from Development Authorities.
• Loans can be availed for the purchase of properties from existing Apartment Owners Association/Co-operative Housing Society/Development Authorities settlements or privately built-up homes.
• Loans are also provided for leasehold properties.
• Acts as a legal and technical expert for making the right property choice.

Benefits of HDFC Sales Home Loans

• Fully Digitized Process: With HDFC Sales, you can apply for a home loan from the comfort of your home. Once the loan is sanctioned, you can access your home loan account through the company’s website, request disbursement, check your account statement and retrieve your interest certificate.
• Flexible Repayment Plans: With tailor-made repayment plans, you can customize your home loans according to your requirements.
• Minimal Documentation: The hassle-free documentation process makes the HDFC Sales Home Loan application swift and easy.
• Round-the-Clock Assistance: With 24/7 assistance at every step, you can ask queries and get help through chat on the website and via WhatsApp.

Eligibility Criteria for HDFC Sales Home Loans 

PARTICULARS	CRITERIA
Applicant’s Age	21 - 65 Years
CIBIL Score	750 or above
,Minimum Income	Salaried: INR 10,000 per month Self-Employed: INR 2 Lakhs
Maximum Tenure	30 Years
Financial Position	The current and future financial standing of the applicant will determine the loan amount that will be sanctioned to you
Credit History	A positive credit history with no liabilities standing will create a positive impact

Fees and Charges for HDFC Home Loans 

Processing Fees	0.50% on the loan amount or INR 3,000 (whichever is higher)
Retention Amount	50% of applicable fees + applicable taxes
External opinion fees	Charged on actual basis It is directly paid to the expert for the assistance rendered
Property Insurance	Insurance is directly payable to the insurance provider
Late Repayments	Liable to pay additional interest upto 24% p.a.
Incidental Charges	This covers costs, charges and other expenses A copy of policy can be asked on request of the bank
Statutory and regulatory charges	All the applicable charges shall be paid by the customer
Cheque Dishonoured	INR 300
PDC Swap	Upto INR 500
Disbursement Cheque Cancellation Charge Post Disbursement	Upto INR 500
Re-Appraisal Of Loan After 6 Months From Sanction	Upto INR 2,000+taxes
Reversal of Provisional Prepayment under HDFC Maxvantage Scheme	INR 250+ applicable taxes

HDFC Sales Home Loans Interest Rates

HDFC Sales provides attractive and competitive interest rates on your home loans. Interest rates start from 6.70% p.a. Both fixed and floating interest rates are available. 

Given below are the loan amounts sanctioned against interests based on certain criteria.

On the Basis of Credit Score

CRITERIA	INTEREST RATE
CIBIL Score above 750	6.70% onwards

Loan Amount upto INR 30 Lakhs

CRITERIA	INTEREST RATE
For Women	6.75%- 7.25%
For others	6.80%-7.30%

Loan Amount Ranging from INR 30.1 Lakhs to INR 75 Lakhs

CRITERIA	INTEREST RATES
For Women	7.00%-7.50%
For others	7.05%-7.55%

Loan Amount Ranging from INR 75.01 Lakhs and Above

CRITERIA	INTEREST RATES
For Women	7.10%- 7.60%
For others	7.15%-7.65%

For Women

CRITERIA	ADJUSTABLE FIXED RATES	FIXED FIXED RATES
Upto INR 30 Lakhs	6.95% - 7.45%	7.40%- 7.90%
INR 30.1 Lakhs- INR 75 lakhs	7.20% - 7.70%	7.55% - 8.05%
INR 75 Lakhs and above	7.30% - 7.80%	7.65% - 8.15%

For Others

CRITERIA	ADJUSTABLE FIXED RATES	FIXED FIXED RATES
Upto INR 30 Lakhs	7.00% - 7.50%	7.45% - 7.95%
INR 30.1 Lakhs- INR75 lakhs	7.25% - 7.75%	7.60% - 8.10%
INR 75 Lakhs and above	7.35% - 7.85%	7.70% - 8.20%

Documents Required for HDFC Sales Home Loan 

Identify and Residency	Passport Driver’s licence Pan Card Voter ID
Income Proof	Salary Slip of past 3 months Previous 6 months’ bank statement Latest Form 16 IT Returns
Property Proof	New Home Allotment Letter copy Payment receipts made to the developer Resale Home Title Deeds that include previous chain of property documents Initial payment receipts made to the seller A copy of agreement to sell For Construction Title deeds of plot No encumbrances proof Plan copies approved by local authorities Construction estimate by civil engineer or architect
Other Documents	Own contribution documents Employment card/appointment letter Previous 6 months’ bank statements showing repayments of any ongoing loans Passport sized photograph of the applicants and co-applicants to be affixed and signed Cheque for processing fee favouring HDFC Ltd.

HDFC Sales Home Loan Customer Care

Contact Number	91-9289200017
SMS Number	56767 (SMS Format: HDFCHOME)