HDFC Bank
Right House will guide you how to avail a home loan from HDFC Bank.
At HDFC, we understand that a home is not just a place to stay. It is much more than that. It is a warm little corner in the world that is yours, tailored by your tastes and needs. It is the place where you celebrate the joys and enjoy the journey called life. There is no place like ‘home’ and with HDFC Home Loans you can gather hopes, achieve your dreams and create memories in your own space.
LOAN ESSENTIALS
Who Can Apply
You can apply individually or jointly for Home Loans. All proposed owners of the property will have to be co-applicants. However, all co-applicants need not be co-owners. Generally co-applicants are close family members.
Loan Term
The maximum 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 maximum repayment period shall be up to 20 years.
The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, age of property at loan maturity, depending upon the specific repayment scheme as may be opted and any other terms which may be applicable based on prevalent norms of HDFC.
Documents
Following are the documents you would need to submit for all applicants / co-applicants along with the completed and signed Application Form for loan approval:
| Purpose | Documents |
|---|---|
| Proof of both identity and residence (any 1) | 1.Valid Passport 2.Voter ID Card 3.Aadhaar Card 4.PAN Card with Allotment Letter For the complete list of KYC documents Click Here |
| Proof of income | 1.PAN Card 2.Last 3 months’ Salary Slips 3.Last 6 months’ Bank Statements, showing salary credits 4.Latest Form-16 and IT returns |
| Other documents | 1.Employment Contract / Appointment Letter in case current employment is less than 1 year old 2.Last 6 months’ Bank Statements showing repayment of any ongoing loans 3.Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across 4.Cheque for processing fee favouring ‘HDFC Ltd. |
| Property related documents | 1.Copy of the Allotment Letter / Buyer Agreement 2.Receipt/(s) of payment/(s) made to the developer |
TERMS AND CONDITIONS
Security
Security of the loan would generally be security interest on the property being financed and / or any other collateral / interim security as may be required by HDFC.
Other Conditions
All the information contained herein above is for awareness and customer convenience and is intended to only act as an indicative guide about HDFC’s products and services. For detailed information about HDFC’s products and services kindly visit the nearest HDFC branch.
Click Here for the Most Important Terms and Conditions pertaining to your loan.
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