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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. HDFC Ltd is the biggest private lender in home loan segment with over 5.1 million home loan customers. HDFC Ltd extensive distribution network of 378 interconnected offices (including 103 offices of HDFC Sales) with outreach programs to several locations, reaching out to over 2,400 towns and cities all over India.

Why to Choose HDFC Ltd for Home Loans:

✔ HDFC Ltd waives off processing fee for Chennai home loan customers.
✔ 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 list or projects.
✔ Finance available for properties from development authorities such as DDA, MHADA etc.
✔ 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%.


Per Lac EMI on HDFC Ltd Home Loan as Follows:
Interest Rate Women (Per Lakh EMI for 30 Years) Others (Per Lakh EMI for 30 Years)
9.50% Rs.841  
9.55%   Rs.845

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.

Apply Online for HDFC Ltd Home Loan Instantly

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HDFC Ltd Home Loan Interest Rates 2016: (Last updated on 1 January 2016)

Flexible / Floating home loan interest rates:
Loan amount Interest Rates
For women 9.50% - 10.00%
For other 9.55% - 10.05%
   
TruFixed Loan – 2 & 3 Year Fixed Rate option - Festive Offer
For women 9.50% - 10.00%
For other 9.55% - 10.05%
   
TruFixed Loan – 10 Year Fixed Rate option - Festive Offer
For women 9.70% - 10.20%
For other 9.75% - 10.25%
 

Repayment options: You can repay the loan amount in maximum upto 30 years.

Processing fees – you have to pay upto 0.50% of the loan amount or Rs.2,000 whichever is higher + taxes applicable on hdfc ltd home loans.

Trends of last 5 Years HDFC Home loans vs RBI Repo rate

Date Change by RBI in Rate Cut New Repo Rate Date New Base Rate of HDFC Ltd
  30-Dec-2015 9.30%
29 Sep 2015  (-).50% 6.75% 06-Oct-15 9.60%
4-Mar-15 0.25%- 7.50% 13-Apr-15 9.85%
15-Jan-15 0.25%- 7.75%
28-Jan-14 0.25% + 8.00%
29-Oct-13 0.25% + 7.75% 2-Nov-13 10.00%
20-Sep-13 0.25% + 7.50% 3-Aug-13 9.80%
3-May-13 0.25% - 7.25%
19-Mar-13 0.25% - 7.50% 30-Mar-13 9.60%
29-Jan-13 0.25% - 7.75% 31-Dec-12 9.70%
17-Apr-12 0.50% - 8.00% 30-jun-12 9.80%
25-Oct-11 0.25% + 8.50% 13-Aug-11 10.00%
16-Sep-11 0.25% + 8.25%  
26-Jul-11 1.25% + 8.00% 12-Jul-11 9.50%
25-Jan-11 6.50% 1-Jan-11 7.75%

Features & Benefits of HDFC Ltd Home Loan

• Attractive & lowest Home Loan Rates.
• You can choose from Fixed Rate or Floating Rate according to your needs.
• Maximum loan amount you can get upto 90% of the cost of the property.
• Easy repayment options of upto 30 years.
• Fastest loan approval even before a property is selected.

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

Documentation required for HDFC Ltd Home Loan

Salaried Customers Self Employed Professionals Self Employed Businessman
Application form with photograph Application form with photograph Application form with photograph
Identity and Residence Proof Identity and Residence Proof Identity and Residence Proof
Latest Salary-slip Education Qualifications Certificate and Proof of business existence Education Qualifications Certificate and Proof of business existence
Form 16 Last 3 years Income Tax returns (self and business) Business profile
Last 6 months bank statements Last 3 years Profit /Loss and Balance Sheet Last 3 years Income Tax returns (self and business)
Last 3 years Profit /Loss and Balance Sheet
Processing fee cheque Last 6 months bank statements
Processing fee cheque
Last 6 months bank statements (self and business)
Processing fee cheque

Maximam Loan Amount you can get for buy a home

Loan Amount Maximum Funding* or avail loan amount
Up to INR 75 Lacs 90% of the property value
Above INR 75 Lacs 80% of the property value

*Subject to Market value of the porperty and replacement capacity of the customer, as assessed by HDFC.

FAQS about HDFC Ltd Home Loans:

How will HDFC Ltd decide the loan amount I am eligible for?

HDFC ltd will determine your loan eligibility mostly by your income and repayment capacity. Other important factors include your age, qualification, number of dependants, your spouse's income (if any), assets & liabilities, savings history and the stability & continuity of occupation.

Do I get tax benefits on the home loan?

Yes. You are eligible for tax benefits on the principal and interest components of your Home Loan under the Income Tax Act, 1961. As the benefits could vary each year, please do check with our Loan Counselor about the tax benefits which you could avail on your loan.

Can I get a higher loan through my existing loan account to buy a new property?

Yes, you could go in for a ‘Home Conversion Loan’ whereby your existing loan (which you took to buy your current home) could be transferred to the new house with additional funds for the incremental cost of the new house, subject to your loan eligibility. This means you can move into your new home without having to go through the hassle of pre-paying your existing loan.

What is an under construction property?

An under construction property refers to a home which is in the process of being constructed and where possession would be handed over to the buyer at a subsequent date.

Can I repay my loan ahead of schedule?

Yes, you can repay the loan ahead of schedule by making lump sum payments towards part or full prepayment, subject to the applicable prepayment charges.


Corporate Office

HDFC Ltd
Ramon House, 169, Backbay Reclamation,
H T Parekh Marg, Churchgate
MUMBAI - 400 020.

Visit official website of HDFC Ltd

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