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20th March 2016, 10:06 AM
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Join Date: May 2012
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:


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