Upto Rs.75 Lakhs – HDFC Home 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. 

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 

1. Go to the official website 
2. Fill out the form and information asked for.
3. Upload the documents required 
4. Submit the application.
5. 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.