|Repayment period||5 – 30 Years|
|Max Loan amount upto 30 Lakh property value||27 Lakh|
|Min. Income for Salaried||12000 p.m|
|Processing Fees||1.25% or Max. Rs.3000|
|Max. loan amount abv 30 lakh||75 – 80%|
|Min. Income for Self Employed||16500 p.m|
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.
HDFC Ltd Home Loan Interest Rates 2019: (Updated as on 26 August 2019)
HDFC Ltd Home Loan rates for Salaried & Self Employed Professionals
|Loan Slab||Home Loan Interest Rates (% p.a.)|
|For Women* (upto 30 lakhs)||8.40%|
|For Others* (upto 30 lakhs)||8.45%|
|For Women* (30 Lakh – 75 Lakh)||8.75%|
|For Others* (30 Lakh – 75 Lakh)||8.80%|
|For Women* (Above 75 Lakhs)||8.80%|
|For Others* (Above 75 Lakhs)||8.85%|
HDFC Ltd Home Loan rates for Self Employed Non Professionals
|Loan Slab||Interest Rates (% p.a.)|
|For Women* (upto 30 lakhs)||8.55%|
|For Others* (upto 30 lakhs)||8.60%|
|For Women* (30 Lakh – 75 Lakh)||8.90%|
|For Others* (30 Lakh – 75 Lakh)||8.95%|
|For Women* (Above 75 Lakhs)||8.95%|
|For Others* (Above 75 Lakhs)||9.00%|
Repayment options: You can repay the loan amount in maximum upto 30 years.
Processing fees – you have to pay upto 1.25% of the loan amount or Rs.3,000 whichever is higher + taxes applicable on hdfc ltd home loans.
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.
Documents required for HDFC Ltd Home Loans are
• Application form with 2 photographs
• Identity Proof & Residence Proof
• Latest Salary Slip (Salaried Individuals)
• Form 16 / ITR (Salaried Individuals)
• Processing Fee cheque
• Last 6 Months bank statement (Salaried Individuals)
• Last 3 Year profit/loss & balance sheet (Self Employed – Professionals/Businessmen)
• Last 3 years income tax returns (Self Employed – Professionals/Businessmen
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 property 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.