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Based on the analysis, we help you discover loans and credit cards best suited for your credit profile. We help you understand your Credit Profile, Credit Information Report and know where you stand. We ensure that you have a better shot at getting an approval for a loan or credit card you apply since we match the lender’s criteria to your credit profile. We help you avoid loan rejection by carefully determining your eligibility and matching you with the right lender/product.
Yes, all this can be done entirely online or through a mobile app. All details about the home loan that include interest rate, EMI amount, processing fees etc. are informed in advance and you can make up your mind to go for the loan. Once, you have acknowledged, the loan amount will be disbursed to your bank account immediately. This amount is paid during the period till the full disbursement of the loan. Your actual loan tenure — and EMI payments — begins once the Pre-EMI phase is over i.e. post the house loan has been fully disbursed. For your convenience, HDFC offers various modes for repayment of your house loan.
Why Apply for a Home Loan with HDFC
HDFC Bank also facilitates legal or technical help on home loans to avoid any discrepancies in the future. The applicant seeking advice is liable to pay fees as demanded by the expert, exclusive of the loan amount. The cost of a home can often go north, rendering the already availed home loan amount insufficient. Hence, existing customers can further go for a top-up loan of up to Rs 50 lakh. 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.
Magicbricks is a full stack service provider for all real estate needs, with 15+ services including home loans, pay rent, packers and movers, legal assistance, property valuation, and expert advice. As the largest platform for buyers and sellers of property to connect in a transparent manner, Magicbricks has an active base of over 15 lakh property listings. Does HDFC offer a different interest rate for home loan borrowers? Women borrowers are offered home loans at lower interest rates.
Home Loan Recommended Articles
A housing loan is repaid through equated monthly installments which consists of a portion of the principal borrowed and the interest accrued on the same. Home loans have one of the lowest interest rates as compared to other loan products such as auto loans and personal loans. Opt for a home loan provider who offers longer tenure loans, flexible repayment options etc. Interest rates may differ depending upon the loan amount, profession (salaried or self- employed) and your credit score among other factors. HDFC EMIs or Equated Monthly Instalments are the monthly payments that a borrower makes towards his home loan every month to the lender or the bank, in this case, HDFC. One can use a HDFC home loan EMI calculator online to check how much one has to pay every month and how to calculate the HDFC housing loan EMI.
The maximum repayment tenure depends on the type of housing loans you are availing, your profile, age, maturity of loan etc. HDFC is India’s premier housing finance company offering a wide range of home loan products that are customized to your needs and can be comfortably repaid over a longer tenure. HDFC’s end-to-end digital home loan application process, integrated branch network across the county and 24X7 online assistance can make your home owning journey a memorable one. The borrower needs to either apply online or directly download the application form from the official website or visit the nearest bank branch.
HDFC Home Loan Eligibility Criteria
For cases where the whole loan amount is disbursed as a lump sum, as in case of resale, the EMIs will start subsequent to the month of disbursement on the total loan amount. Generally, the HDFC Home Loan EMI remains fixed, subject to bank approval, unless the borrower repays the loan before term or there is a change in the tenure. However, if one opts for a floating interest rate on the home loan, the EMI will be variable. Interest Rate – The interest rate is the rate charged by HDFC on the home loan.
3) Enter the required personal, professional, income, property-related details, and upload necessary documents. To be eligible for an HDFC Home Loan, your application needs to be supported by the right documents. Co-ordinate with the lender to make sure you submit all the necessary documents. Below is a basic list of Home Loan documents required by the bank.
After the loan has been approved, the borrower’s active bank account will receive the funds. Based on the inputs provided, our Home Loan Eligibility Calculator calculates your loan eligibility in real-time and displays the result in an intuitive design. Enter your details in four easy steps to receive your loan eligibility. Individuals who are successful in gaining an offer of employment from HSPL, whether directly or indirectly are always required to go through a formal recruitment process. During our recruitment process, the candidate will, in general, meet in person with an HSPL employee or representative for an interview before any formal offer is made.
A home loan is offered by the lender at a lower rate even when a woman is a co-owner or co-applicant. For women applicants, the eligibility criteria laid down by HDFC for a home loan is similar to other applicants. However, women applicants are eligible for 05 bps interest rate concession on the loan. HDFC Home Loans start at a low-interest rate of 6.9% per annum. For a Home Loan with HDFC, it is important to meet the eligibility criteria set by the bank.
All the information contained herein above is for awareness and customer convenience and is intended to only act as an indicative guide about HDFC’s products and services. For detailed information about HDFC’s products and services kindly visit the nearest HDFC branch. Credit Linked Subsidy Scheme under PMAY makes the home finance affordable as the subsidy provided on the interest component reduces the outflow of the customer on the home loan. The subsidy amount under the scheme largely depends on the category of income that a customer belongs to and the size of the property unit being financed. You can submit a request for the disbursement of your loan online or by visiting any of our offices. Loans against property / Home Equity Loan for Business Purpose i.e.
In case you would like us to get in touch with you, kindly leave your details with us. HDFC also offers a facility of a pre-approved home loan even before you have identified your dream home. Once you get an indication of your eligibility and EMI amount by using the calculator, you can apply for a home loan online from the comfort of your living room easily with Online Home Loans by HDFC. As a precaution it is best to verify all the documents and property details before purchasing.
The consent herein shall override any registration for DNC/NDNC. CreditMantri is India’s No. 1 site for Credit Analysis and Free Credit Score Online. Let us help you take control of your credit goals and unlock the door to your financial freedom. The interest rate value starts from above 5% and the maximum interest rate value is 15%. Similarly, if there are any discrepancies like your date of birth is different from what is on your application then it is grounds for rejection of Home loan.
Delayed payment of interest or EMI shall render the customer liable to pay additional interest up to 24% per annum. Enter the type of property required and the city of residence. Here are the steps that one needs to follow to check one’s Home Loan EMIs with the help of this calculator. It is paid on a fixed date every month to the bank or the lender.
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