HDFC, or Housing Development Finance Corporation, offers a variety of home loan options for customers looking to buy, build or renovate their homes. Here are the most important details about HDFC home loans:
HDFC Home Loan Eligibility
• Applicants must be Indian citizens over the age of 21
• Minimum income requirements apply based on loan amount
• Salaried applicants need two years of work experience
HDFC Home Loan Interest Rates
• Current interest rates range from 8% to 9%
• Interest rates are variable and linked to MCLR
• Home loans are available in both rupee and USD currencies
HDFC Home Loan Calculators
• HDFC provides an online home loan EMI calculator and loan tenure calculator to help customers determine affordability
HDFC Home Loan Customer Care
• Customers can call the HDFC home loan customer care number (022- 7135888) for any assistance
• HDFC’s free Anytime Banking app provides home loan account information and services
HDFC Home Loan Login
• Customers can login to HDFC Net Banking and Mobile Banking using their customer ID and password to:
- Check loan balance
- View payment details and statements
- Change standing instructions
- Check interest certificates
Applying for an HDFC Home Loan
• Customers can apply in-branch, online or via a relationship manager
• Required documents include income proofs, identity proofs, and property papers
Home Loan Types and Interest Rates at HDFC Bank
HDFC Bank offers various home loan products catering to different customer needs. The interest rates for these products vary according to the loan type. Here is an overview of the major home loan products offered by HDFC Bank along with their interest rates:
| Loan Type | Interest Rate |
|---|---|
| HDFC Ladies Loan | 8.00% |
| Long Term Home Loan | 8.25% |
| Balance Transfer Home Loan | 8.50% |
| NRI Home Loans | 9.00% |
HDFC Ladies Loan
This loan is exclusively for women borrowers and offers a 0.05% lower interest rate. This product provides financial independence to women home buyers at an attractive interest rate.
Long Term Home Loan
HDFC Bank’s long term home loans come with tenures of up to 30 years, making them ideal for first-time home buyers. Customers can avail higher amount of loans thanks to smaller EMIs over a longer tenure. The lower interest rate makes this a cost-effective option.
Balance Transfer Home Loan
This home loan type allows customers to transfer their existing home loans from other banks to HDFC Bank. Customers can avail the competitive interest rate offered by HDFC Bank and benefit from better services.
NRI Home Loans
Non-resident Indians (NRIs) can avail home loans from HDFC Bank at convenient interest rates. NRIs have the flexibility to choose from different home loan options offered by the bank.
Hopefully this overview of HDFC bank’s key home loan products and their interest rates helps customers make an informed decision. HDFC Bank has a network of over 5,000 branches offering home loans tailored to the needs of Indian home buyers.
In summary, HDFC offers a comprehensive suite of home loan options to suit varying customer needs.prospective customers should consider factors like interest rates, eligibility criteria, fees, and loan calculators before choosing an HDFC home loan. HDFC’s strong brand reputation , large network and customer-centric features make it an excellent choice for many home buyers in India.
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