Upto Rs.75 Lakhs – HDFC Home Loans → Util Loans

HDFC Home loans support you in fulfilling your dreams to have a home. HDFC provides Home Loans at a reasonable cost for eligible customers with interest rates starting from 6.70% per annum.

Table of Contents

Features of HDFC Home Loans

Affordable interest rates.
No hidden charges
You will be assisted by professionals in deciding to choose the right policy.
You can customize your repayment options according to your wish and requirements.
You have many options like home loans, Plot loans, Rural housing loans, Home Extension Loans, Top-up Loans.

Eligibility Criteria

Salaried individual and Self-employed person
Minimum Age 21 years
Maximum Age 65 years
Minimum salary for salaried person Rs.10,000 per month
Minimum income for self-employed person Rs. 2,00,000 per annum
Maximum Loan Tenure up tp 30 years.
Good credit score and credit history required.
Existing loans are also considered.

Types of HDFC Home loans available

1] Home Loans

This plan offers EMIs starting with Rs. 646 per lakh with interest starting with 6.70%.
Pradhan Mantri Awas Yojana is also applicable.
24×7 Assistance available.
You can manage your loan online
Loan amount up to Rs. 75 lakhs
Processing fee 0.50% of the loan amount or Rs. 3000 w.e.h.

2] Plot Loans

These plans help you acquire land to fulfill your dream of a house.
Minimum Age 21 years
Maximum Age 65 years
Salaried individual and Self-employed person
A loan can be spread out over a maximum term of 15 years
Processing fee 0.50% of the loan amount or Rs. 3000 w.e.h.

3] HDFC Rural Housing Finance

This plan provides a home loan that perfectly suits your needs.
This is for people of town and villages applicable for a salaried and self-employed person.
For agriculturists, the Maximum loan tenure is 20 years.
No mortgage of agricultural land required
Minimum Age 21 years
Maximum Age 65 years
Processing fee 0.50% of the loan amount or Rs. 3000 w.e.h.
Processing fee for agriculturists 1.50% of the loan amount or Rs. 4500 w.e.h.

4] House Renovation Loans

This plan helps you financially to renovate your home
Salaried individual and Self-employed person
Minimum Age 21 years
Maximum Age 65 years
Processing fee 0.50% of the loan amount or Rs. 3000 w.e.h.

5] Top Up loans

This is an additional plan to the existing home loan plan.
The maximum Top-up loan you can get is Rs. 50 lakhs
Salaried individual and Self-employed person
Minimum Age 21 years
Maximum Age 65 years
Processing fee 0.50% of the loan amount or Rs. 3000 w.e.h.

Loan amount, Interest rates

SL.No	For whom	Loan amount	Interest rates
1	For credit scores 750&above	As per Bank	6.70% pa
2	For women	up to Rs. 30 Lakhs	6.75-7.25% pa
3	For others	up to Rs. 30 Lakhs	6.80-7.30% pa
4	For women	From Rs. 30.01-75 Lakhs	7.00-7.50% pa
5	For others	From Rs. 30.01-75 Lakhs	7.05-7.50% pa
6	For women	From Rs. 75.01 & above	7.10-7.60% pa
7	For others	From Rs. 75.01 & above	7.15-7.65% pa

Loan to property cost

90% property value for a loan up to Rs. 30 Lakhs
80% property value for a loan above 30 Lakhs but up to Rs. 75 Lakhs
75% property value for a loan above Rs. 75 Lakhs

HDFC Home Loans Documents Required

For Self-employed individual

PAN card
Adhaar card
Passport size photo
Address proof
ITR of last 3 years
Last 12 months Bank Statements
Balance sheet and profit and loss account statements.
Proof of ownership of property
Allotment letter in case of flats
Recent Tax paid receipts
And any other documents asked at the time of application
Co-applicant details
Fill Form 26 AS (latest)

For Salaried individual

Address Proof
Passport size photo
Employment details
Other documents which are asked at the time of applicaiton
Salary Slip
ITR of last 3 years
Previous 12 months bank statements
Proof of ownership of property
Allotment letter in case of flats
Recent Tax paid receipts
ID proof ( Adhaar card )
PAN card

How to apply for HDFC Home Loans?

You can apply via two options i.e., Online or Offline mentioned below:

Online

Go to the official website
Fill out the form and information asked for.
Upload the documents required
Submit the application.
Wait for the approval.

Offline

Go to your closest HDFC branch take all the required documents. Fill the application for you receive over there. Professional will guide you through the plan. Submit all the documents asked for and apply.

Contact Details

Call- 1800 258 38 38 / 1800 22 40 60

Official website – HDFC Home Loans

FAQs

1] What is under construction property?

Under construction, property means the home is in process of construction and possession is not yet with the buyer.

2] What is a balance transfer loan?

Balance transfer loan means to transfer taken from other banks or institutions to HDFC home loans.

3] Who can take home renovations loans?

Both existing and new customers with balance transfer loans can take home renovation loans to carry out the renovation.

4] What is a Home extension loan?

This covers new construction, the adding of rooms, kitchen, bathroom, etc. in an existing house.

5] What is the maximum tenure of availing of home loans?

Maximum tenure is of 30 years for availing of home loans.

Upto Rs.75 Lakhs – HDFC Home Loans