Apply for HDFC Bank Home Loan

Hassle-free Documentation Process | Doorstep Service | Secured Loan | Complete Transparency | Low Interest Rate

image

20

Years Of Experience

About HDFC Bank Home Loan

HDFC Bank Home Loan provides the necessary financial support for Home Buying, Home Renovation, Home Extension, and Plot Purchase. It is a secured loan that requires the borrower to provide collateral as a form of security.

LoanMoney is a registered and authorized Direct Selling agent of various National, Multinational, and Non-Banking Financial Companies. It provides a loan with minimum documentation, low-interest rates for a longer tenure, fast approval mechanism, low processing fees, and multiple repayment options. Apply for HDFC Bank Home Loan through LoanMoney to get hazel-free get hassle-free financial support from India's leading Bank.

Features of HDFC Bank Home Loan

  • Loans for purchase of properties in an existing Co-operative Housing Society or Apartment Owners' Association or Development Authorities settlements or privately built-up home.
  • Loans for construction on a freehold/leasehold plot or on a plot allotted by a Development Authority.
  • Home Loans for purchase of a flat, row house, bungalow from private developers in approved projects.
  • Home Loans for purchase of properties from Development Authorities.
image

Details of HDFC Bank Home Loan

  • Interest Rate

  • Eligibility Criteria

  • Documents Required

  • General Information

Interest Rate

Fee Amount to be Paid
Rate of Interest 6.65% to 7.5%
Loan Processing Charges 0.10% to 0.30%
Cheque Bounce Charges NA
Cheque/ Instrument Swap charges NA
Prepayment/ Foreclosure Charges NA
Default Interest Rate NA
Duplicate Statement Issuance Charges NA
Duplicate Amortization Schedule Charges NA
Duplicate Interest Certificate NA
S(Provisional/ Actual) issuance Charges NA
image

HDFC Bank Home Loan Eligibility Criteria

HDFC Ltd. Home Loan Eligibility Criteria for Salaried / Self-employed

HDFC Home Loan Eligibility is dependent on factors such as your monthly income, current age, CIBIL score, fixed monthly financial obligations, credit history, company reputation, other obligations etc.

Particulars Salaried Self Employed Professional
Age(Min-Max) 21 to 60 Years 21 to 65 Years 21 to 65 Years
Minimum Income Min. 3,60,000/ p.a Min. 2,00,000/ p.a Min. 6 Lakh Receipt (ANM)
Co-applicant If Required If Required If Required
Loan Tenure 2 To 30 Years 2 To 30 Years 2 To 30 Years
Maximum Loan Amount Max. 10 Crore Max. 10 Crore Max. 10 Crore
Employment/Business Continuity Min. 1 Year Min. 3 Year Min. 3 Year
CIBIL Score Min. 600 Min. 600 Min. 600
HDFC Bank Documents Required

Documents Required for Applying for Home Loan by All Applicants and Co-Applicants

  • Loan application form.
  • 3 Recently Passport size photograph.
  • Identify proof- Passport, PAN Card, Driving License, Voters ID Card
  • Residence proof- Electricity Bill, Ration Card, Telephone Bill, Employment Letter
  • Bank Account Statement/Passbook for the last 6 months.
  • Signature verification by bankers of the applicant.
  • Loan account statement(s) / Sanction letter for running loans

Documents Required for Salaried Individuals

  • 3 Months Salary Slip for salaried employees or Salary Certificate
  • Copy of last 2 years Form 16 or IT Return
  • Bank Statement for the last 6 months of the Salary Account
  • Appointment / Confirmation Letter if current job tenure is less than 1 year

Documents Required for Self Employed Individuals

  • VAT / Service Tax Return of Current Financial Year
  • Audited financial statements for the last 2 years.
  • Business ITR with Tax Audit and Computation of Income
  • Individual ITR with Computations
  • Saving account statements of Applicant and Co-applicant for last 6 months (updated)

List of Property Documents

  • Allotment letters.
  • Photocopies of title deeds.
  • Encumbrance certificate.
  • Agreement to sell.Booking Receipts
image

HDFC Bank General Information

Salaried Self Employed Professional
Age 21 To 60 Years 21 To 65 Years 21 To 65 Years
Loan Amount 10 Lakh To 10 Crore 10 Lakh To 10 Crore 10 Lakh To 10 Crore
Tenure 2 To 30 Years 2 To 30 Years 2 To 30 Years
Rate of Interest / APR [Annual Percentage Rate] 6.65% to 7.5% 6.65% to 7.5% 6.65% to 7.5%
Features Maximum loan amount you can get upto 90% Maximum loan amount you can get upto 90% Maximum loan amount you can get upto 90%
Processing Fees 10k + Service Tax Up to 0.30% of the Loan Amount or 3000/- Up to 0.30% of the Loan Amount or 3000/-
Special 0.05% Discount 0.05% Discount 0.05% Discount
Documentation KYC/Financial(2 Years) & Property Documents. KYC/Financial(2 Years) & Property Documents. KYC/Financial(2 Years) & Property Documents.
Eligibility Salaried individuals eligible for Home Loan:
  • Individuals in permanent service in the Government or reputed companies
  • Applicants should be above 21 years of age at the time of loan commencement and up to the age of 60 or superannuation, whichever is earlier at the time of loan maturity.
Self-employed individuals eligible for Home Loan:
  • Any individual filing income tax returns can apply
  • Applicants should be above 21 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity.
 Professionals eligible for Home Loan:
  • Professionals (i.e., doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, management consultants only) can apply
  • Applicants above 21 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity meet our housing loan criteria.

Self-Employed Documents

Application Form

Fill the form correctly

Proof of Identity and Residence

Documents such as an Aadhaar card, PAN card, passport, voter ID, or driver's license can be used to establish your identity and residential address.

Proof of Business Existence:

Documents proving the existence and nature of your business, such as registration certificates, partnership deeds, or incorporation certificates.

Bank Statements

Typically, HDFC Bank requires the latest 6 to 12 months ' bank statements of your business and personal accounts to verify your income and transaction history.

Business Profile

A detailed profile of your business, including its nature, products or services, market presence, and any other relevant information.

Income Proof

This is a crucial aspect for self-employed individuals. You might need to submit documents like audited financial statements, profit and loss statements, balance sheets, and income tax returns for the last few years. Some applicants might also need to provide a computation of income certified by a CA.

Educational Qualifications

Copies of your educational certificates to establish your professional qualifications, if applicable.

Property Documents

If you have already identified a property for purchase, you might need to provide documents related to the property, such as the sale agreement, title deed, and property valuation report.

Additional Documents

Depending on your specific situation, HDFC Bank might request additional documents such as GST registration certificates, business contracts, or other relevant documents.

Self-Employed Eligibility

  1. Age: The minimum age is 21 years, and the maximum age IS 65 years. 
  1. Income: HDFC Bank typically assesses the applicant 's income stability and repayment capacity. For self-employed individuals, the bank often considers the average annual income over the past few years, usually around two to three years. This income can be in the form of business profits, professional fees, etc. Banks may also consider factors like the nature of the business, its profitability, and the applicant 's overall financial stability.
  1. Business Continuity: Lenders, including HDFC Bank, generally prefer applicants who have been in the same business for a reasonable number of years. A stable business history can positively impact loan approval chances.
  1. Credit Score: A good credit score is crucial for loan approval. HDFC Bank, like other financial institutions, checks the applicant 's credit history to assess their creditworthiness. A higher credit score indicates responsible financial behavior and enhances the likelihood of loan approval.
  1. Loan Amount: The loan amount you 're eligible for depends on various factors, including your income, creditworthiness, property value, and the bank 's policies. HDFC Bank usually offers home loans of up to a certain percentage of the property 's value.
  1. Property Documents: The property you 're purchasing is also evaluated. It should have clear and marketable titles, and the necessary legal and technical clearances should be in place.
  1. Other Financial Obligations: Existing loans and financial commitments could affect your home loan eligibility, as they impact your debt-to-income ratio. A higher debt burden might reduce the amount you can borrow.
  1. Down Payment: While not related to eligibility, it 's important to consider that you 'll need to make a down payment towards the property 's purchase. Generally, this percentage varies, but it 's commonly around 10-20% of the property 's value.

Quick Enquiry for HDFC Bank Home Loan

Share your contact details and talk with our experts to get an instant decision on your loan.

Check Your Eligibility

How much do you need?

EMI Calculator

Check Your Cibil Score

Purpose for Taking Home Loan

Home Buying

Buy your dream house or home that is within your budget.

Home Renovation

Make your home more beautiful by renovating your dream home.

Home Extension

Increase the amount of built-up space at your home using this loan.

Clients words

What our clients say

We pride ourselves on providing transparent and quality service to our clients, but you don’t just have to take our word for it. Read what our clients have to say about us.

image

Job Varghese

Client

I am totally satisfied by loan money and the way it services its customers.... especially I thank and appreciate Ms. Somya as she is a great resource to the organization. She has been constantly assisting me from start till the end and has been a very prompt and sensible officer as she could offer the relevant deal for me.

image

Vishwajeet Nanaware

Client

LoanMoney is really good in providing loan services. Particularly Chanchal, my loan assistant has great skills to communicate with her clients and understand their needs. She processed my personal loan on time. The rate of interest offered was lower than the others. it was overall a good experience with 100% satisfaction.

image

Avlokit Kaushik

Client

This is my second time in have taken a loan from LoanMoney. Kavita has helped me a lot..very cooperative very helpful very fast. Thanku again.

FAQ of Home Loan

  • Who can apply for a Home Loan?

    Home Loan is available for salaried/self-employed as well as Professionals, Employees of public/pvt Ltd companies. Every bank has individual minimum criteria for net monthly income Rs. 25,000, age between 21 to 60 years, profession, CIBIL Score, job continuity, etc.

  • How long will it take for my Home Loan to be processed?

    Once you submit your application form and the required documents as per Bank's criteria, you can expect our approval and disbursal within 5 working days, provided everything is in order. All loan approvals are at the sole discretion of the bank.

  • What is the Cheapest Home Loan or Affordable Home Loan?

    An Affordable or cheapest Home Loan is a loan in which not only you can get an attractive interest rate starting from 10:75% to 18%, and you can get a quick Home Loan with minimum processing fees, No hidden charges. With our easy & minimal paperwork, and flexible EMI payment options will make it a hassle-free Home Loan.

  • What are Nil Foreclosure Charges in Home Loan?

    The term Loan foreclosure means that when a person does the full repayment of the remaining loan amount in one single & final payment instead of paying it back in multiple EMIs.

    Some banks don't allow foreclosure of the loan as they won’t get the interest from the borrower and some banks allow foreclosure of the loan but they charge a certain amount from the borrower. While taking a Home Loan to try to see if there is zero foreclosure charges or nil foreclosure charges facility available for borrowers. This can save your money which you was going to pay to the bank.

  • What are the features of Loanmoney's Fastest Home Loan?

    The features of Loanmoney's Fastest Home Loan are No Collateral or no Security, Easy Repayment options, Safety, Attractive Interest rates, It is Unsecured, Can be Obtained for any Purpose and Fast, Cheap & Reliable.

  • Do I need to provide any security or collateral to obtain Home Loan from Bank?

    No, you don’t have to provide any security, collateral or guarantee to obtain Home Loan from Bank.

Read Our Blogs

image

6 Credit Score Myths that you shouldn't fall for...

If you want to choose a moratorium on term loans, know that it will not impact your credit score. Factors influence your credit scores such as total outstanding, repayment history, credit utilizati...

Read More
image

How Moratorium 2.0 will impact on your Creditworthiness...

The Reserve Bank of India (RBI) recently announced Moratorium 2.0 and borrowers can want to defer their EMIs for a further term of three months, i.e. from June 20 to August 20. Moratori...

Read More
image

MSME Scheme 3 lacs Crore: Eligibility and Procedure...

The Rs 3 lakh crore emergency credit borrowing scheme for Micro, Small and Medium Enterprises (MSMEs) announced by the Modi govt on May 12 will also cover retailers and other businesses. Emergency ...

Read More

GET IN TOUCH

Head Office : B-520, Tower B
Logix Technova
Plot No. 44 Sector - 132
Noida - 201305, India


Branch Office: B - 134, Third Floor
DDA Shed
Okhla Industrial Area, Phase - 1
New Delhi - 110020


info@loanmoney.co.in
+91-8130-222-111

SSL CERTIFICATE

LoanMoney receives visitor's information and honors their trust. Their data security is paramount to LoanMoney.

About Us Contact Us How We Use Cookies? Privacy Policy

Copyright © 2024 CRM LOANMONEY SERVICES PRIVATE LIMITED. All Rights Reserved.

Branch Office
Branch Office

B-134, Third Floor, DDA Shed
Okhla Industrial Area, Phase - 1
New Delhi - 110020

View Map
Head Office
Head Office

B-520, Tower B,Logix Technova
Plot No. 44, Sector - 132
Noida - 201305, India

View Map
Office Hours
Working Time
Mon-Sat 10:00 - 06:00
Sunday Online
+