Features & Benefits

• Attractive Interest Rates
• Easy Documentation
• Fast Processing
• Transparent Dealings
• Door step service

Housing loan is extended for the purpose of 

• Purchase of land and construction of a residential property
• Purchase of New Flat / House
• Purchase of old house / flat along with undivided share of land
• Extension/ modification of existing house / flat
• Loan against property (Residential property)
• Balance takeover from banks/HFC

Home Loans at the sole discretion of HDFC Ltd.

Eligibility

Maximum loan

80% of the cost of the property (including the cost of the land) and based on the repayment capacity of the customer.

Maximum Term

20 years subject to your retirement age.

Applicant and Co- Applicant to the loan

Home Loans can be applied for either individually or jointly. Proposed owners of the property, will have to be co-applicants. However, the co-applicants need not be coowners.

Adjustable Rate Home Loan

Loan under Adjustable Rate is linked to HDFC's Retail Prime Lending Rate (RPLR). The rate on your loan will be revised every three months from the date of first disbursement, if there is a change in RPLR, the interest rate on your loan may change. However, the EMI on the home loan disbursed will not change*. If the interest rate increases, the interest component in an EMI will increase and the principal component will reduce resulting in an extension of term of the loan, and vice versa when the interest rate decreases.

* Conditions Apply

Home Loans at the sole discretion of HDFC Ltd.

Documentation

Salaried Individual
• Personal Documents in all cases  
• 1 photo each for applicant and the co-applicant.

      - ID proof: Copy of Passport, PAN card, driving License, Voter’s ID.
      - Current address proof: Copy of Passport, Driving License, Electricity/telephone bill, Bank a/c statement.
      - Copy of PAN card.

• 3 months salary slip
• Latest Form-16
• Latest IT returns
• Appointment letter/increment letter
• Bank statement from salary account showing salary credits for last 6 months.
• Other bank a/c statements for last 6 months
• Details of EMI for any other loan

Self Employed 

Proprietorship firms:

• IT returns for last three years with P&L a/c and balance sheet.
• Audit report if the firm is subject to audit
• 6 months bank a/c statement for firm
• 6 months bank a/c statement of the proprietor.
• Business profile .

Partnership firm:

• IT returns for last three years with P&L a/c and balance sheet in the name of firm.
• IT returns of the partners for last three years.
• Partnership deed.
• Audit report if the firm is subject to audit
• 6 months bank a/c statement for firm
• 6 months bank a/c statement of the partners.
• Business profile on firm’s letterhead .

Private Limited Firm:

• IT returns for last three years with P&L a/c and balance sheet in the name of firm.
  
• IT returns and Form-16 of the individual directors for last three years.
  
• Memorandum and the articles of association of the firm.
  
• Audit report if the firm is subject to audit
  
• 6 months bank a/c statement for firm
  
• 6 months bank a/c statement of the individual directors.
  
• Business profile on firm’s letterhead
  
• Copy of firm’s PAN card

Additional personal docs in case of NRIs:

• Copy of Passport and Visa.
  
• Copy of valid work permit (if applicable).
  
• Copy of appointment contract.
  
• Credit report from recognized credit agency of that country,
  
• Copy of NRE/NRO bank statements for last 6 months.

Home Loans at the sole discretion of HDFC Ltd.

Forms

Loan Application Form – Home loan

Home Loans at the sole discretion of HDFC Ltd.