#1
20th March 2016, 10:04 AM
| |||
| |||
HDFC Home Loans
Hi I am interested in knowing the various home loans which are offered by HDFC as I am planning to buy a new house and like to compare the home loan offered by HDFC with other institutions?
|
#2
20th March 2016, 10:06 AM
| |||
| |||
Re: HDFC Home Loans
At HDFC, the company understands that a home is not just a place to stay because it is much more than that. It is a warm little area in the world that is tailored by an individual’s tastes as well as needs. HOME LOANS AVAILABLE FOR: FOR NEW HOMES FOR RESALE HOMES FOR CONSTRUCTION LOAN ESSENTIALS Who Can Apply One can apply individually or jointly for Home Loans. All proposed owners of the property will necessarily have to be co-applicants. However, all the co-applicants need not be co-owners as well. Generally co-applicants are family members. Loan Term The utmost period of repayment 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 utmost repayment period shall be up to 20 years. The tenure of the loan is also dependent relative on the customer’s profile, age of customer at maturity of loan, age of property at loan maturity, depending upon the precise repayment scheme as may be opted and any other conditions which may be applicable based on prevalent norms of HDFC. 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 Following are the documents one would need to submit for all applicants / co-applicants along with the completed as well as signed Application Form for loan approval: Purpose Documents Proof of both identity and residence (any 1) Valid Passport Voter ID Card Aadhaar Card Valid Driving Licence Proof of income PAN Card Last 3 months' Salary Slips Last 6 months' Bank Statements, showing salary credits Latest Form-16 and IT returns Other documents Employment Contract or Appointment Letter in case current employment is less than 1 year old Last Six months' Bank Statements showing repayment of any ongoing loans Passport size photograph of all the applicants & co-applicants to be affixed on the Application Form and signed across Cheque for processing fee favouring ‘HDFC Ltd.’ Property related documents Duplicate of the Allotment Letter / Buyer Agreement Receipt/(s) of payment/(s) given to the developer Please find the details of the rate of interested charges below: |