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One can track their loan application online, and if required can get help from customer care service via live agent chat online, virtual assistance, whatsapp banking, email, SMS and helpline numbers. Remember, the bank provides loans only to car dealers that are verified by the bank. Financial institutions of India provide up to 100% financing of on-road prices of new, old and green cars to salaried and self-employed individuals. Car loans come with varying interest rates among banks charged on the principal amount, and get a loan with tenure up to seven years.
You can apply for housing loans at any time once you have decided to purchase or construct a property, even if you have not selected the property or the construction has not commenced. You can even apply for a home loan whilst you are working abroad, to plan for your return to India in future. The bank charges an interest rate in the ranges of 8.4% to 13.05% on new cars, 13.2% to 15.35% on old cars, and 7.5% onwards on green cars on the loan applied by an individual with a yearly income of minimum INR 2 lakh. You can prepay your home loan before the completion of your actual loan tenure.
When can I make a home loan application?
Choose a home loan provider who offers doorstep assistance or gives you the facility to apply online for a home loan by uploading the required documents from the comfort and safety of your home or office. Home loan providers usually charge a processing fee around 0.5% of the loan amount to be availed. Choose a home loan provider who is transparent w.r.t. processing fee and other related charges.
It had earlier also received no objection certificate from both the stock exchanges. Check with the lender if the property that you have shortlisted can be funded. Provide all the required legal and technical documents so that the lender can carry out the necessary due diligence. Since you would be required to upload the documents, please save them on your computer in a PDF format. You can now apply for a home loan online conveniently from anywhere and at anytime. So start the process of owning your dream home from the comfort of your home.
Know your eligibility and maximum loan you can avail
For Home Extension Loans, the maximum tenure is 20 years or till the age of retirement, whichever is lower. House Renovation Loan is a loan for renovating (without altering the structure/carpet area) your home in many ways such as tiling, flooring, internal / external plaster and painting etc. We are unable to show you any offers currently as your current EMIs amount is very high.
Plot purchase loans are availed for purchase of a plot through direct allotment or a second sale transaction as well as to transfer your existing plot purchase loan availed from another bank /financial Institution. With minimal documentation, applying for a HDFC home loan is quick and hassle free. Our home loan experts are available to help you in your loan application process and offer you assistance every step of the way. Owning a car is a status symbol, comforting and a valuable mode of transport.
Home Loan Repayment Optionsfor Salaried individuals
However, the approval of your loan depends on your repayment capacity. It is up to HDFC to assess your eligibility and ability to repay the EMIs for two home loans. Repayment of home loans is done through Equated Monthly Installments , which is a combination of interest and principal.
Buyers need to have a few documents ready before applying for a car loan. Remember, financial institutions will assess your income and see whether you can cater to a new car loan and if the EMI fits your budget. Also, paying an up-front fee or down payment will lessen your EMI burden.
You can now apply for a home loan online in 4 simple steps with HDFC’s quick and easy apply online module. Our chat service on our website and WhatsApp are available 24X7 to assist you with your housing loan related queries. Axis Bank is offering up to 100% financing on the on-road price of the new and green cars, and up to 95% on used cars that are not older than 10 years. You will reach the form where you have to register to apply for home loan online. HDFC Ltd had already received approval letters including from Reserve Bank of India, Securities and Exchange Board of India , PFRDA and Competition Commission of India .
The users should exercise due caution and/or seek independent advice before they make any decision or take any action on the basis of such information or other contents. You will be done with your HDFC home loan customer login and can access the required information. Ensure that you submit all the required documents as needed by the lender for loan processing. If you need any further details on the application process click here to read the FAQs. Housing Development Finance Corporation Limited (“HDFC”) & HDFC Sales is not an Investment Advisor and does not provide any investment or financial planning advice. National Pension System is administered and regulated by Pension Fund Regulatory and Development Authority created by an Act of Parliament.
Top up loans are also available on the original car loan amount. There’s a wide range of cars available in the market that suit all economic backgrounds from affordable cars to luxurious cars. In this context, HDFC Bank offers 100% financing on the on-road price of the latest and existing models of new cars on an interest of up to 10% and up to 15% on used cars.
Since the benefits may vary each year, please do consult your chartered accountant/ tax expert for the latest information. With this option you get a longer repayment tenure of up to 30 years. This means an enhanced loan amount eligibility and smaller EMIs.
The bank charges an interest rate in the range of 8.30% to 9.1% on loans on new cars and 10.7% to 14.2% on used cars to salaried, self employed and individuals engaged in agriculture and allied activities. Before applying for a loan, applicants can login to the bank’s internet banking to get an online quotation on select cars. Alternatively, one can visit the bank’s nearest branch to apply for a car loan by giving out details of the vehicle and the car dealer.
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