HDFC Home Loan

Home loans at HDFC are subject to high level of transparency and efficient handling of the customer requirements. Home loans, home improvement loans and home extension loans are few of the financing options you can avail at your convenience. It also offers the flexible payment options with the feature of tranche based EMI. At Loanstreet you can apply for home loans online and get a prompt approval with assured satisfaction.

Minimum Threshold for HDFC Home Loan Eligibility
  1. At least 21 years of age.
  2. Salaried/ Self-employed with regular source of income.
  3. Less than 65 years of age.
Documentation Required For Application of HDFC Home Loan

Generally all banks follow same guidelines for collecting elementary documents. However there may be little variation with subject to specific requirements. Below listed are the documents that is required to process the loan faster. Self attested copies of Documents are solicited.

  1. The Signed application form duly filled with photograph.
  2. ID/ Age Proof - PAN Card/ Passport/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statement
  3. Cheque of Processing Fee.
Salaried Individuals
  1. Last 2 years Form 16 or Income Tax Returns
  2. Last 3 months salary slips
  3. Last 6 months bank statement reflecting salary credits
Self employed Individual/ Proprietorship
  1. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificates
  2. Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
  3. Latest 12 months bank statement- Savings Account and Current Account
  4. Existing Loans’ Sanction letters accompanied with repayment track
  5. Business profile on the letterhead of the company
Partnership Firm/ Partnership LLP
  • Age proof of all the partners in the form of PAN Card, Passport or Adhar Card
  • PAN Card of the company
  • Residence proof of all the partners –Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • Latest 3 years Income Tax returns with profit and loss and balance sheet duly audited by CA.
  • Latest 12 months bank statement of the Company and of the Partners’ Savings Bank Account
  • Partnership deed
  • Existing Loans’ Sanction letters accompanied with repayment track
  • Business profile on the letterhead of the company
Private Limited / Limited Company
  • Application form duly filled with photographs of directors.
  • Age Proof of Directors- PAN Card, Aadhar Card, passport
  • Residence Proof of Directors- Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • PAN Card of Company
  • Education Qualification- A professional qualification certificate in case of Doctors/CA/Architects
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • MOA, AOA, List Of Directors, Share Holding Pattern of the Company
  • Last 3 years IT returns with Profit and Loss account and balance sheet duly audited by CA.
  • Latest 12 months bank statement of Company of all current accounts and the same for Director’s Savings Bank Account
  • Existing Loans’ sanction letter with repayment track of company and Individual Directors
  • Business Profile on the Letter Head of the Company
Property Documents
  • Occupancy Certificate
  • Approved Plan of building
  • Share certificate copy
  • Chain of deeds in case of resale property
  • Property Card
  • Nil Encumbrance Certificate- EC ( if applicable)
  • Current Sale agreement/ Draft Agreement
HDFC Home Loan Interest Rates
Rate of Interest 9.90% to 10.40%
Loan Tenure 1 year to 30 years
Processing Fees 0.5 % of the loan amount + tax as applicable
Partial Prepayment charges Nil
Pre closure charges Nil
HDFC Home Loans- Why?

Known for flexibility, transparency and accountability HDFC framework is very customer oriented. It has always catered to the needs of their customers in a very speedy manner. Below illustrated is the maximum loan amount that be provided by HDFC LTD :-

Loan Amount Maximum Funding
Upto 75 lakhs 85% of the property cost
Above 75 lakhs 75% of the property cost

The interest rates applicable on the home loans vary as per the amount and the loan period.

Repayment Options Given By HDFC

Following are the different repayment options:-

  • Flexible Loan Instalment Plans:- In this the EMI are generally higher and keeps on reducing as the year progresses.
  • Tranche Based EMI:- When an under construction property is purchased he is liable to pay only on the loan amount. Any amount that is paid above it can e used later to pay off the principal amount.
  • Telescopic Repayment Option:- HDFC Ltd gives you an opportunity to go for lower EMI’s and longer loan tenure.
  • Setup Repayment Facility (SURF):- The repayment of the loan is generally low, However as the customer’s income increases the loan amount also increases.
  • Accelerated Repayment Scheme:- Payment of the loan can be met early as the EMI’s increase on increase of income.
Unique Features Of HDFC Home Loan
  • The customer can get home loan serviced from any place of the city due to an robust integrated branch network.
  • High level of transparency when it comes to informing the customers about the various fees involved in loan inquiry.
  • Highly flexible repayment options for the convenience of the customers.
  • All the legal matters are properly explained to the customers by a panel of expert financial advisors.
  • HDFC Finance Loans can be given for all the flats, Bunglow through an authorised development authorities like DDA and MHDA.