Mortgage Loan In HDFC Bank

I recently opened an account in the HDFC Bank Limited and searching for details about bank loans. Will you provide details and Features of HDFC Bank Mortgage Loan so that I can avail this facility also provide details about what the eligibility for Mortgage Loan In HDFC Bank?

[pawan]

HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra.

Features of HDFC Bank Mortgage Loan:

Higher loan amount available for longer tenure, lower EMIs and at attractive interest rates.

Flexible repayment options you can choose between Dropline Overdraft Facility or EMI based loan.

Minimal documentation and speedy approval process

Type of collateral accepted both residential and commercial properties

Can be used as a debt consolidation tool

Funds can be used for personal as well as business needs.

Eligibility criteria

You need to be either a salaried employee or a self-employed professional/individual and be able to demonstrate a stable source of income.

It is advisable to check the specific income and age requirements with the bank directly.

Documents required:

For the salaried:

Proof of Residence - Ration Card / Telephone Bill / Electricity Bill / Voters Card

Proof of Identity - Voter s Card / Driver s License / Employer s Card

Your latest Bank Statement (where salary is credited) for the past 6 months as a proof of income

Your Salary Slip from the last 6 months with all deductions shown

Form 16 from the last 2 years

Copies of all Property Documents with clear titles of the concerned property that you are about to pledge for the loan

For the self-employed professional/individual:

Financial Statement for the last 3 years duly certified by a CA

Your Proof of Residence - ration Card / Telephone Bill / Electricity Bill / Voters Card

Your Proof of Identity - Voter s Card / Driver s License / Employer s Card

Your latest Bank Statement (where salary is credited) for the past 6 months as a proof of income

Copies of all Property Documents with clear titles of the concerned property that you are about to pledge for the loan.

How much can you can borrow

You can get a maximum of 60% of the market value of the property pledged, depending on its type and its value, upon successful verification by the bank s evaluators.

Contact:

Corporate Office
HDFC Bank House
1st Floor,C.S.No.6/242,
Senapati Bapat Marg,
Lower Parel,
Mumbai - 400 013.