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HDFC Limited

HDFC Bank ranks as one of the most promising banks in the Indian industry. The HDFC Limited offers various housing finance related products. Home Loans offered by HDFC Limited can be used for purchase of a house, bungalow, villa, or a flat, apart from the loan products that are offered for purpose of extension, and home improvement loans which can be utilised for purposes of adding a room, renovations, painting, etc. HDFC Limited also offers specialized home loan scheme for rural parts of the country. Know various features and the eligibility criteria for HDFC Limited home loans:

Loan Amount: HDFC Limited offers home loans upto Rs.10,00,00,000/- which can be borrowed by the customers depending on your eligibility. You can check your eligibility on Home Loan Eligibility Calculator by making use of Home Loan Eligibility Calculator Tool available for free on Letzbank portal.

Interest Rate: HDFC Limited offers home loans at rate of interest ranging from 8.50% to 9.25% per annum at floating as well as fixed rate of interest. HDFC Limited also offers a lower rate of interest to women applicants.

Loan Tenure: The HDFC Limited offers home loan for loan tenure of 360 months depending on your capability to repay the loan. If you can plan to borrow a loan and pay higher EMI you will be able to repay the loan at a faster pace, however you can choose to pay lower EMIs as well which can fit in your monthly budget.

Processing Fee: HDFC Limited charges a one-time processing fee of Rs. 10,000/- for processing your home loan.

Eligibility Criteria to apply for Home Loan:

All resident or non-resident Indians, salaried or self employed individuals can apply for home loans at HDFC Limited.

For Salaried Individuals:

• You should be atleast 21 years of age while applying for HDFC Limited home loan and maximum 60 years of age at the time of loan maturity.

• You should be employed with your current organization for the period of atleast one year with atleast two years of working experience.

• You should have a net monthly income of Rs.1,80,000 per annum.

• You should have a fixed landline or post paid number

Documents that are required for you to borrow home loan is Identity Proof, Address Proof, Income Proof, 6 Months bank statement, etc.

For Self Employed Individuals:

• You should be atleast 21 years of age while applying for HDFC Limited home loan and maximum 60 years of age at the time of loan maturity.

• You should be running your business for a minimum of 2 years for you to borrow home loan at HDFC Limited.

• You net annual income should be Rs.60,000/- for you to borrow a home loan.

• You must have either a fixed land line or a post paid mobile connection.

Documents that are required to apply for home loan by self-employed individuals are Identity Proof, Business continuity proof, Form V, Income tax return certificate of atleast three 2 years, and bank statement

HDFC limited has 4.4 million satisfied customers, and offers its services online. You can also look for properties online at HDFCRED.com. Apply for HDFC Limited home loans at Letzbank and get benefitted from waiver on Service Fee