HDFC bank housing loan

House is one word to us but it’s always been a haunt and shelter avoiding the busyness and intrusion of the planet . We usually dream to create our own house, but during this running life we suppress our dreams thanks to lack of cash . home equity credit helps to form this dream come true, whose easy installments assist you to create or maybe purchase your own house. allow us to discuss here Canara Bank housing loan rate and eligibility.

hdfc bank housing loan banking zone

The purpose of providing housing loan is to:

  • Purchase of new or old residential unit
  • Construction of a residential unit
  • Repair/Renovation/Extension of an existing residential unit

Basic details and eligibility for availment of HDFC housing loan

  • Minimum age of an individual should be 21 year and maximum is 65 years
  • Minimum income for salaried individuals should be Rs. 10,000/-
  • Minimum net income for non-salaried person should be Rs. 2 Lakhs per annum
  • Maximum re-payment tenure of loan is 30 years
  • Processing charge is 0.5% of loan amount or Rs. 3,000/- whichever is higher
  • There is no pre-payment charges for loan sanctioned to an individual
  • Prepayment charges are 2%, if loan is repaid within 36 months of loan sanction to any company/firms/HUF
  •  All residents and non residents of India are eligible
  • Applicant must be an Individual either singly or jointly with other family members like father, mother, spouse,son  as co-applicant. Co-Applicant must have regular source of income


HDFC bank housing loan Rate of Interest (ROI)

Quantum of Loan ROI for Women as main applicant ROI for all others
Up to Rs. 30 Lakhs         7.85 to 8.35 7.85 to 8.35
Rs. 30.01 Lakhs to 75 Lakhs         8.00 to 8.50 8.00 to 8.50
Rs. 75.01 and Above           8.10 to 8.60 8.10 to 8.60


Percentage of Margin contributed from borrower

Quantum of Finance Margin 
Up to Rs. 320 Lakhs 10%
Above Rs. 30 Lakhs and Up to Rs. 75 Lakhs 20%
Above Rs. 75 Lakhs 25%


Documents required to avail HDFC bank housing loan

  • An application form along with 2 passport size photographs
  • Salary slips of last 6 months’ required for salaried individuals
  • Bank account statements of last 6 months
  • Form 16/IT returns of current year
  • Proof of Identity and residence like PAN card, Aadhaar card, Passport, Driving license, utility bills, etc
  • For new homes: copy of house allotment letter/buyer agreement, receipts of payments made to developer
  • For resale homes: Title deed, receipts of initial payment made to the seller, copy of agreement to sell
  • Construction purpose: Title deed of the plot, no encumbrance certificate, copy of approval plans


That’s all for HDFC bank housing loan. Hope you have understood better. Thanks for visiting us !





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