HDFC stands head and shoulder above the competition in the home loan segment of India, both in terms of business volume and market standing. With an expertise gathered over 25 years of existence in the business, HDFC has managed to create an impressive loan portfolio that caters to varied housing finance needs. The bank offers home loans for individuals to purchase (fresh/resale) or construct houses. It finances up to 85% maximum of the cost of the property, which is inclusive of agreement value, stamp duty and registration charges. HDFC lends a maximum amount of Rs 1 Crore and the maximum period of repayment is 20 years or retirement age, whichever is earlier. Check out more information about HDFC Home Loan, in the article.

HDFC Housing Loans

Facilities

* While repaying the loan amount, customers can choose from fixed rate of interest or floating interest rate.
* The repayment options are flexible and customized to suit the individual needs of the customers.
* In addition to the attractive loan schemes, HDFC customers can avail of a host of accouterments like Loan Cover Term Assurance Plan, automated repayment of home loan EMI and in-house scrutiny of property documents.

Documents Required

Salaried Customers

* Completed Application Form With one Passport Size Photograph
* Identity and Residence Proof
* Latest Salary-Slip
* Form 16
* Bank Statements of last 6 months
* Processing Fee Cheque

Self-Employed Professionals

* Completed Application Form With one Passport Size Photograph
* Identity and Residence Proof
* Education Qualifications Certificate And Proof Of Business Existence
* Last 3 years Income Tax Returns (Self And Business)
* Last 6 months' Bank Statements
* Processing Fee Cheque

Self Employed Businessman

* Completed Application Form With one Passport Size Photograph
* Identity and Residence Proof
* Education Qualifications Certificate And Proof Of Business Existence
* Business Profile
* Last 3 years Income Tax Returns (Self And Business)
* Last 3 years Profit /Loss and Balance Sheet
* Last 6 months Bank Statements (Self And Business)
* Processing Fee Cheque

Advantages

* HDFC Home Loan provides door to door services to its customers. Sales service executives are just a phone call away, to assist you.
* The bank provides loans on adjustment rate as well as fixed rate.
* With the flexible installment plan, the customer can ease himself out of the tension of repaying the loan.
* The bank covers most of the major cities of India. Currently, it has as many as 200 offices and 90 outreach programs all over India. You can avail of a HDFC home loan through any of its 2400 locations in India.