Home Loan Banks: HDFC Bank
The added advantages of applying for a home loan from HDFC Bank are minimal documentation, quick loan procedure, expert advice related to the various queries of the customers, minimal processing fees and nil prepayment charges.
HDFC Bank Home Loan Interest Rate in Bangalore
| Base Interest Rate | 8.35% 11.55% |
| Maximum Tenure | 30 years |
| Processing Fee | Up to 0.50% of the loan amount or ₹ 3,000 whichever is higher, plus applicable taxes. |
| Prepayment and Foreclosure Charges | Allowed and no charges for floating rate loans |
| Age Limit | Min 24 years and Max 60 years |
HDFC Bank Home Loan Checklist in Bangalore
| KYC Documents |
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| Income Documents and Bank Statement |
For Self-employed – for both applicant and co-applicant
For Salaried – for both applicant and co-applicant
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| Additional documents required in case of Balance Transfer of Home Loan |
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| Property documents |
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Why choose HDFC Bank Housing Loan
Now that you know what housing finance in India is, you can consider banks that can make the best Home Loan offers. HDFC Bank realizes the importance of a home of your own and offers Home Loans that can make building your dream living space easier. HDFC Bank gives Home Loans at attractive interest rates with easy repayment facilities. You can also enjoy HDFC Bank loan offers that make financing truly simple.
Benefits of taking HDFC bank housing loan
When you opt for a Home Loan, you can enjoy the following benefits:
- Taxation: A Home Loan allows you to claim income tax deductions on the interest and principal amount due. Under the Income Tax Act, 1961, as per Section 80C, you can claim up to INR 1.5 lakh on principal repayments, and up to INR 2 lakh on interest repayments under Section 24B. You can avail of other tax benefits via a Home Loan, as well.
- Interest Rate: When compared to the various kinds of loans available, the interest rate on a Home Loan is relatively lower. Plus, in case of a cash crunch, you can also apply for a Top-Up Loan in addition to the existing Home Loan.
- Due Diligence: When you apply for a Home Loan, banks check the property from a legal standpoint and ensure that the documents are valid and the title is clear. This step can prevent you from being scammed and passing this due diligence can validate your property.
Different types of loan provided by HDFC bank
HDFC Bank Home Loans
As the name suggests, these loans are meant for purchase of a house. These include loans for:
- Purchase of a new apartment, row house or bungalow from a developer or development authority.
- Purchase of resale properties.
- Construction of a house on a plot of land.
HDFC Bank House Renovation Loan
A beautiful house exudes good feelings and creates a positive environment for both – the residents and visitors. If you already own a house, you can renovate it to create a fresh and vibrant ambience. House Renovation Loans help you enhance your home in many ways such as changing tiles, painting or redoing the flooring and interiors of the house.
HDFC Bank Home Extension Loans
Over a period of time, as your family grows, you may need a bigger house to comfortably accommodate the requirements of all the members. A home extension loan could be useful in such situations. You can get a home extension loan to fund the cost of adding more floors or rooms to your existing house.
HDFC Bank Plot Loans
If you want to construct your own house, you ought to invest in a residential plot of land. It’s easy to obtain a plot loan, which is available for purchase of new and resale plots of land. Most of us sell our existing house to buy a bigger or a better house. During such times, if you come across a suitable property, you may be very keen to purchase it right away. The only thing which may hold you back is the dearth of funds in case your existing house isn’t sold on time. In such situations, you can avail a short-term bridge loan to get the funds required to purchase the new house while you await the sale of your existing property. By availing a short-term bridge loan, you neither have to worry about missing the opportunity to purchase your shortlisted house nor do you have to make a distress sale of your existing property.
HDFC Bank Rural Housing Finance
These loans are specially offered to farmers, agriculturists, planters and horticulturists for purchase of a residential property in rural and urban areas, construction of a house and improvement or extension of existing house property. Rural housing loans are also available for salaried and self-employed individuals for purchase of a property in their village.
HDFC bank – Top up loans
Sometimes dreams need a little extra help. With HDFC Bank’s Top Up Loans you can celebrate your personal or professional milestones such as marriage, a dream vacation, business expansion, debt consolidation etc. with super ease and minimal new documentation. Let your dream fuel more dreams.
HDFC bank balance transfer of existing loan at lower interest rate
HDFC Bank offers Balance Transfer Loans at attractive interest rates to lower your loan repayments. Move your Home Loan outstanding balances to HDFC Bank, pay lower monthly instalments and enjoy the savings for the other things in life that really matter to you and your family.
Balance Transfer Benefits
- End to end digital process
- Home loan approval in 4 simple steps.
- Customized Repayment Options
- Tailor-made home loans to suit your requirements.
- Easy documentation
- Apply with minimal documents, save time and effort.
- 24×7 assistance
- Connect with us on Chat, WhatsApp anytime, anywhere
- Online loan account
- Login to your account to conveniently manage your loan
HDFC bank – NRI Home Loans
Your work might have taken you abroad but the yearning for the homeland remains unabated. With HDFC Bank Home Loans turning your dream home in India, into a reality, is convenient and easy.
- Loans to NRIs, PIOs and OCIs* for the purchase of a flat, row house, bungalow from private developers in approved projects in India
- Loans for the purchase of properties from Development Authorities such as DDA, MHADA etc.
- Loans for construction on a freehold / lease hold plot or on a plot allotted by a Development Authority in India
- Loans for purchase of properties in an existing Co-operative Housing Society or Apartment Owners’ Association or Development Authorities settlements or privately built up homes
- Attractive interest rates
- Avail of Home Loan Advisory Services in the country where you currently reside
- Property Search Advisory Services – expert legal and technical counselling to help you make the right home buying decision
- Valuable insights on developer projects, location, documentation and offerings
- Loan for purchase of property located anywhere in India**
- Loans also available for those employed in the Merchant Navy