HDFC Bank Home Loan | Interest Rate | Eligibility | Documents Required

At HDFC Bank, the top Private Bank in India, Home loans along with several other loan facilities are one of the praised ones. The HDFC Bank understands that a home is not just a place to stay, but is much more than that. Every home is a warm place where is bespoken made or tailored with the tastes and needs of people living in it. It is in fact the place where you celebrate the joys and enjoy the journey called life, with all members of your family, provides them enough space to cherish every moment with you and give them ample space to feel free.

HDFC Ltd. is considered as the biggest private lender for Home loans with over 5.1 million home loan customers. With over 378 interconnected offices with outreach programs to several locations, reaching out to over 2,400 towns and cities all over India, the services of HDFC Bank is well spread to cover all the demands and needs of the people looking for Home loans.

Reasons to choose HDFC Banks Home Loans

There are several reasons for choosing Home Loans of HDFC Banks. Some among them are as follows:

1. Attractive interest rates, thus making your Home Loan affordable and easier Customized repayment options suiting your needs

2. No hidden charges

3. Expert legal and technical counseling to help you make the right home buying decision

4. Integrated branch network for servicing loan anywhere in India

5. Special arrangement with AGIF for Home Loans for those employed in the Indian Army

Who can apply for Home loans in HDFC Banks ?

All salaried and self employed people can apply for HDFC Banks Home loans. Any individual can apply individually or jointly for Home Loans. All proposed owners of the property will have to be co-applicants with no essential requirements of all co-applicants to be co-owners. Generally co-applicants are close family members.

HDFC Banks Home Loans Details

HDFC Bank Home Loan

There are several loan details associated with HDFC Banks Home Loans. Some of them are discussed as below:Types of Home Loans

There are two different types of Home loans; one is Adjustable Rate Home Loan while the other is TruFixed Home Loan – 2 / 3 / 10 Year Fixed Rate Variant. The detailed info on these two types of loans can be better understood through representatives of HDFC Banks.

Loan Term

The maximum term of repayment of a loan can be up to 30 years for the Telescopic Repayment Option under the Adjustable Rate Home Loan. While, for all other Home Loan schemes, the maximum repayment period can be up to 20 years. However, the tenure of the payment of loans also depends on the age and profile of the loan seekers.

Processing fees

The Processing fees for Home Loans of HDFC Banks is up to 0.50% of the loan amount or Rs.2,000 whichever is higher, plus applicable taxes

Prepayment charges

In fact, there are pre payment chargeHDFC Bank Home Loan s applicable in case of HDFC Banks Loans sanctioned to all individual loans customers.