HDFC Ltd Home Loan

HDFC Ltd home loans available at affordable interest rates, lowest EMI, High Eligibility & low processing charges with easy procedure of home loan.

Why to Choose HDFC Ltd for Home Loans:
✔ 24.13% of Homes are financed by HDFC Ltd. 2nd largest Home loan institution.
✔ Lakhs of Flat, row house, bungalow from private developers in approved projects.
✔ Finance Available for Properties from Development Authorities such as DDA, MHADA etc.
✔ Attractive & lowest interest rates which cuts your emi to maximum level.
✔ Home Loan Book of Over 2.54 Lakh crore that grew by 23% in 2014-2015.
✔ Average home loan size of 23.3 Lakh, Loan to value ratio stands at 66%.

Who Can Apply for HDFC Ltd Home Loans?
You can apply individually or jointly for HDFC Ltd Home Loans. All proposed owners of the property will have to be co-applicants. However, all co-applicants need not be co-owners. Generally co-applicants are close family members.

Features & Benefits of HDFC Ltd Home Loan
• Attractive Home Loan Rates.
• Options from Fixed Rate or Floating Rate are available.
• Maximum funding upto 80% of the cost of the property.
• Easy repayment options.
• Free & safe Document storage
• Loan Approval even before a property is selected.
• Flexible repayment options to suit your individual needs.

*Zero Processing Fees for Salaried and Self Employed Professionals when you shift your Home Loan to HDFC.

#Attractive Interest Rates at 9.85% p.a. onwards. **Top-Up Loan also available. Loan Tenure of 30 years.

Applicable for people who apply with HDFC on or before September 30, 2015 and avail of the first disbursement on or before November 30, 2015. For detailed Terms and Conditions

Loan Term:
The maximum period of repayment of a loan shall be up to 30 years for the Telescopic Repayment Option under the Adjustable Rate Home Loan. For all other Home Loan products, the maximum repayment period shall be up to 20 years.

Types of Home Loans available at HDFC Ltd

Adjustable Rate Home Loan
A Home Loan under the Adjustable Rate is linked to HDFC's Retail Prime Lending Rate (RPLR). If there is a change in our RPLR, the interest rate on your loan will be revised once in three months depending on the date of your first disbursement with or without a change in EMI. If the interest rate increases, the interest component in an EMI will increase and the principal component will reduce resulting usually in an extension of term of the loan, and vice versa when the interest rate decreases.

TruFixed Plus Home Loan – 2 Year Fixed Rate Variant
A TruFixed Plus Home Loan offers you a part fixed rate term and a part adjustable rate term. Under this variant of the TruFixed Plus Home Loan, you can avail of a fixed rate for a maximum term of 2 years, post which the loan will automatically convert to an adjustable rate, adding up to a total term of 20 years.

TruFixed Plus Home Loan – 3 Year Fixed Rate Variant
A TruFixed Plus Home Loan offers you a part fixed rate term and a part adjustable rate term. Under this variant of the TruFixed Plus Home Loan, you can avail of a fixed rate for a maximum term of 3 years, post which the loan will automatically convert to an adjustable rate, adding up to a total term of 20 years.

You can Repay hdfc ltd home loan through 5 different ways:

✔Step Up Repayment Facility (SURF) – In this method if your income increased your emi will also increase.
✔Flexible Loan Installments Plan (FLIP) – In this method you can alter or change the emi according to your repayment capacity during the term of loan.
✔Tranche Based EMI - If you purchase an under construction property you are generally required to service only the interest on the loan amount drawn till the final disbursement of the loan and pay EMIs thereafter.
✔Accelerated Repayment Scheme - provides you the flexibility to increase the EMIs every year in proportion to the increase in your income.
✔Telescopic Repayment Option – Longer Repayment options of 30 years.

Processing Fees
Up to 0.50% of the loan amount or Rs.2,000 whichever is higher, plus applicable taxes.

Prepayment Charges
Nil - Dual Rate Home Loans [DRHL] / Fixed First Home Loans / TruFixed Rate Home Loans / TruFixed Plus Home Loans / TruFixed Plus Home Loans – 2 & 3 Year Fixed Rate Variants