Housing Development Finance Corporation Home Loan
You can smoothly apply for HDFC Ltd home loan without any hassles. There are competitive HDFC Ltd home loan interest rates for customers as well. The best part is that there is a highly convenient HDFC Ltd home loan online application procedure that you can follow. Home loans are offered by HDFC Ltd to customers with tenures going up to 30 years and sanctions in only 5 days. Affordable housing loans are especially created for both self employed and salaried borrowers.
- Home Loan
| Loan Amount | : | ₹5L - ₹1Cr |
| Interest Rate | : | 6.7% - 7.85% |
| Processing Fee | : | 0.5% - 1.5% |
| Tenure | : | 30 Years |
| Banks | Interest Rate | Processing Fee | Loan Amount/Tenure | |
|---|---|---|---|---|
6.7% - 7.85% | 0.5% - 1.5% | ₹5L - ₹1CrTenure(1 - 30 Years) | Details |
Features & Benefits of HDFC Ltd Home Loans
- Home loans for purchasing various types of properties.
- Professional technical and legal counseling.
- Integrated network of branches.
- PMAY interest subsidies.
- Completely digital procedure.
- Seamless documentation.
- Customized options for repayment.
- Digital home loan management.
- 24-7 support.
HDFC Ltd Home Loan Overview
You can smoothly apply for HDFC Ltd home loan without any hassles. There are competitive HDFC Ltd home loan interest rates for customers as well. The best part is that there is a highly convenient HDFC Ltd home loan online application procedure that you can follow. Home loans are offered by HDFC Ltd to customers with tenures going up to 30 years and sanctions in only 5 days. Affordable housing loans are especially created for both self-employed and salaried borrowers.
HDFC Ltd Home Loan Eligibility Criteria
Here are the HDFC Ltd home loan requirements:
- 21-65 years of age.
- Self employed or salaried borrowers.
- Resident of India.
- You can add co-applicants. Women co-applicants may also get better rates of interest.
HDFC Ltd Home Loan Fees & Charges
- The processing fees are 0.50% of the loan amount or Rs. 3,000, whichever is higher along with applicable taxes. The minimum retention amount is 50% of the application fees or Rs. 3,000 and applicable taxes, whichever is more.
- Charges for delayed payments are up to 24% per annum.
Here are some of the additional charges that are payable in specific circumstances:
| Charge | Amount |
| Check Dishonor | Rs. 300 |
| Document List | Up to Rs. 500 |
| Document Photo Copies | Up to Rs. 500 |
| PDC Swap | Up to Rs. 500 |
| Disbursement Cheque Cancellation Charge After Disbursal | Up to Rs. 500 |
| Re-Appraisal Of Loan After 6 Months From Sanction | Up to Rs. 2,000 + taxes |
HDFC Ltd Home Loan Interest Rates
The HDFC Ltd home loan interest rates start from 6.70% onwards.
Documents Required for HDFC Ltd Home Loan
| ID and Address Proof | Property Documents |
| Income Proof |
How the EMI Calculation works for HDFC Ltd Home Loan?
You can use the online EMI calculator by entering the tenure, home loan amount and rate of interest. This will give you the amount payable every month.
Balance Transfer HDFC Ltd Home Loan
Balance transfer loans are provided at competitive interest rates to customers. You can transfer from any other financial institution and get top-up loans up to Rs. 50 lakh. There are competitive rates of interest along with customized options for repayment tailored to your requirements.
How HDFC Ltd Home Loan Compares with Other Lenders?
| Name of the Lender | Rate of interest per annum (onwards) |
| Citibank | 6.75% |
| Kotak Mahindra Bank | 6.55% |
| Bank of Baroda | 6.50% |
| Union Bank of India | 6.60% |
| Bank of India | 6.85% |
| State Bank of India | 6.75% |
| Central Bank of India | 6.85% |
| LIC Housing Finance | 6.90% |
| Axis Bank | 6.90% |
| Punjab and Sind Bank | 6.85% |
| Canara Bank | 6.90% |
| Bank of Maharashtra | 6.40% |
| IDFC First Bank | 6.50% |
| Punjab National Bank | 6.50% |
| Indian Overseas Bank | 7.05% |
| UCO Bank | 6.90% |
| United Bank of India | 8.00% |
| IDBI Bank | 6.75% |
| DBS Bank | 7.30% |
| Karur Vysya Bank | 7.20% |
| HSBC Bank | 6.45% |
| Jammu and Kashmir Bank | 7.20% |
| Saraswat Bank Home Loan | 6.70% |
| PNB Housing Finance | 6.99% |
| South Indian Bank | 7.85% |
| Federal Bank | 7.65% |
| Aavas Financiers | 8.00% |
| Standard Chartered Bank | 7.99% |
| Karnataka Bank | 7.50% |
| Dhanlaxmi Bank | 7.85% |
| Tamilnad Mercantile Bank | 8.25% |
| Sundaram Home Finance | 6.95% |
| Tata Capital | 6.90% |
| Bandhan Bank | 6.40% -13.50% |
| IIFL | 10.50% |
| Yes Bank | 8.95% |
| Shriram Housing | 8.90% |
HDFC Ltd Home Loan Customer Care Number
You can give a missed call to +91-9289200017 or SMS HDFCHOME to 56767.
FAQs
From refinancing to reducing your interest, we have the answers right here.
Is a Home Loan A Tax Saving Deduction?
Yes you can get deductions up to Rs. 1.5 lakh under Section 80C and up to Rs. 2 lakh under Section 24.
What is The Minimum Salary For A Home Loan?
The minimum salary for a home loan is Rs. 25-30,000.
Can I Take Two Home Loans At A Time?
You can take two home loans simultaneously if you are eligible and you can afford to repay them conveniently every month.
When Does The Loan Repayment Period Start?
The repayment starts on the month after the month when the loan amount is disbursed to the bank.
Does HDFC Ltd Provide Home Loan at the best rate?
The interest rates are highly competitive and start from 6.70% onwards.
What are the KYC documents I will have to submit to apply for a home loan from HDFC Ltd?
There are several KYC documents required including Aadhar Card, PAN Card, Passport, Voter ID Card, Driving License, etc.
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