House Loan HDFC

Hello sir, I am Rajinder Khurana. I am from Bengaluru. I want to buy a home and I want to take a loan for that. My friend has suggested me to take loan from HDFC bank. Can you help me by giving me some details about the types and interest of housing loans by HDFC?

[Shaleen]

As you have asked about the house loan of HDFC bank, I am giving you some details about it
You can apply individually or jointly for Home Loans
The extreme period of settlement of a loan shall be up to 30 years for the Telescopic Repayment Option under the Adjustable Rate Home Loan.
For all other Home Loan products, the maximum settlement period shall be up to 20 years.

Maximum Loan Amount

Loan Amount Maximum Funding

Up to and including Rs.30 lacs 90% of the property cost
Rs.30.01 lacs to Rs.75 lacs 80% of the property cost
Above Rs.75 lacs 75% of the property cost
Types of Home Loans

Adjustable Rate Home Loan
A Home Loan under the Adjustable Rate is linked to HDFC's Retail Prime Lending Rate (RPLR). If there is a change in RPLR, the interest rate on loan will be revised once in three months depending on the date of your first disbursement with or without a change in EMI.
TruFixed Home Loan – 2 / 3 / 10 Year Fixed Rate Variant
A TruFixed Home Loan offers you a part fixed rate term and a part adjustable rate term. Under this variant of the TruFixed Home Loan, you can avail of a fixed rate for a maximum term of 2 / 3 / 10 years, post which the loan will automatically convert to an adjustable rate, adding up to a total term of 20 years.

Interest Rates:
Adjustable Rate Loan - Festive Offer
RPLR: 16.30%
Loan Slab Interest Rates (% p.a.) RPLR minus Spread
For Women (Any Loan Amount) 9.50 to 10.00 RPLR - (6.80 to 6.30)
Any Loan Amount 9.55 to 10.05 RPLR - (6.75 to 6.25)

TruFixed Loan – 2 & 3 Year Fixed Rate Variant - Festive Offer
RPLR: 16.30%
Loan Slab Interest Rates during the 2 & 3 Year Fixed Rate Term (% p.a.) Post the Fixed Rate Term the applicable Interest Rates shall be the prevailing Rate of Interest under Adjustable Rate
For Women (Any Loan Amount) 9.50 to 10.00 RPLR - (6.80 to 6.30)
Any Loan Amount 9.55 to 10.05 RPLR – (6.75 to 6.25)

TruFixed Loan – 10 Year Fixed Rate Variant - Festive Offer
RPLR: 16.30%
Loan Slab Interest Rates During The 10 Year Fixed Rate Term(% p.a.) Post The Fixed Rate Term The Applicable Interest Rates Shall Be The Prevailing Rate Of Interest Under Adjustable Rate
For Women (Any Loan Amount) 9.70 to 10.20 RPLR - (6.60 to 6.10)
Any Loan Amount 9.75 to 10.25 RPLR – (6.55 to 6.05)