Features
Maximum loan
85% of the cost of the property (including the cost of the land) and based on the repayment capacity of the customer.
Maximum Term
20 years subject to your retirement age.
Applicant and Co- Applicant to the loan
Home Loans can be applied for either individually or jointly. Proposed owners of the property, will have to be co-applicants. However, the co-applicants need not be coowners.
Adjustable Rate Home Loan
Loan under Adjustable Rate is linked to HDFC's Retail Prime Lending Rate (RPLR). The rate on your loan will be revised every three months from the date of first disbursement, if there is a change in RPLR, the interest rate on your loan may change. However, the EMI on the home loan disbursed will not change*. If the interest rate increases, the interest component in an EMI will increase and the principal component will reduce resulting in an extension of term of the loan, and vice versa when the interest rate decreases.
* Conditions Apply
Fixed Rate
2-in-1 Home Loans
A home-loan scheme that's twice as good!
Confused whether to opt for an Adjustable Rate or Fixed Rate Loan?
Good News !!! HDFC brings you the best of both options with 2-in-1 Home Loan.
2-in-1 Home Loan provides customers with a choice of breaking up the loan requirement into Adjustable and Fixed Rate loans.
Customers benefit both ways, as it helps them hedge their interest rate risk against rising interest rates to the extent of the fixed rate portion of the loan and take the advantage of falling interest rates, with the Adjustable Rate portion.
2-in-1 Home Loans can be taken in any proportion. With no prepayment charges* under the Adjustable Rate Home Loan, customers planning to make part prepayments can take a portion of the loan intended for prepayment under Adjustable Rate loan option; the rest can be taken under Fixed Rate Loan option.
* Conditions Apply
Purpose
Purchase of Flat, row house, bungalow from developers.
Existing freehold properties.
Properties in an existing or proposed co-operative housing society or apartment owner's association.
First Power of Attorney purchases in Delhi for DDA flats allotted before 1992.
Self Construction
Interest Rate
Please call HDFC Home Line in your city for the latest interest rate.
City Tel No. City Tel No.
Ahmedabad 091 (79) 66307000 Bangalore 091 (80) 41183000
Bhopal 091 9826020006 Chandigarh 091 (172) 3989123
Chennai 091 (44) 28599300 Hyderabad 091(40) 66475001
Indore 091 (731) 4223300 Jaipur 091 98750 88888
Kochi 091 9895399900 Kolkata 091 (33) 23215060
Lucknow 091 (522) 3989123 Mumbai 091 (22) 66636000
Nashik 091 (253) 6606000 Nagpur 091 (712) 2566000
New Delhi 091 (11) 41115111 Pune 091 (20) 25505000
Vadodara 091 (265) 2308400
