Hdfc Bank Home Loan Eligibility

Hdfc Bank Home Loan Eligibility

Bank Finance Amount Interest Rate Tenor Processing Fee Advance Part Payment Action
Rs.10,00,00,000/- 8.35 to 9.05 360 Rs. 10,000/- Yes Check Eligibility

HDFC bank ranks as one of the most promising banks in the Indian industry. The bank offers various housing finance related products. Home Loans offered by HDFC 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 utilized for purposes of adding a room, renovations, painting, etc. HDFC also offers specialized home loan scheme for rural parts of the country.

Features of HDFC Bank Home Loan

  • Loan Amount: HDFC 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 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 also offers a lower rate of interest to women applicants.
  • Loan Tenure: The bank 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 charges a one-time processing fee of Rs. 10,000/- for processing your home loan.

Eligibility for HDFC Home Loan

For Salaried

  • Minimum age 21years and maximum 60years.
  • Employed with current organization for the period of atleast one year with atleast two years of working experience.
  • Income of Rs.1,80,000 per annum.
  • A fixed landline or post paid number.

For Self Employed

  • Minimum age 21years and maximum 60years.
  • Business must be 2years
  • Income Rs.2,50,000- for you to borrow a home loan.
  • You must have either a fixed land line or a post paid mobile connection.

Documents Required

For Salried

  • Identity Proof
  • Address Proof
  • Income Proof
  • 6 Months bank statement
  • 2 Years of Form16

For Self Employed

  • Identity Proof
  • Business continuity proof
  • Two Years IT Returns
  • Income tax return certificate of atleast three 2 years.
  • Bank Statement