HDFC Home Loan | Online | Offline Application

HDFC provides home loans to qualified consumers at low-interest rates beginning at 6.90 per cent per year. HDFC Home Loan can be repaid over a 30-year period. However, you will only be approved for a loan if the bank believes you are qualified. Your eligibility for a house loan is determined by a number of factors, including your work status, age, credit score, and monthly/annual income, to mention a few. The bank will finalize your loan amount and approve your application based on your eligibility.

HDFC Home Loan with Variable Interest Rates

Age – 21 – 65 years

Employment Type -Salaried and Self-employed professional

Minimum Salary for Salaried -Rs.10,000 per month to Rs.2 lakh per annum

Home loan from HDFC Age-Based Eligibility

Applying for an HDFC home loan early ensures that you will have a longer payback period. This will assist in decreasing your EMI and ensuring that your financial priorities are met. Applicant Age Must Be 21 Years – 45 Years.

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HDFC Ltd. Salary-Based Home Loan Eligibility

The chart below shows the loan amount you will be qualified for based on your salary. HDFC Home Loan calculating the sum, the payback period was set at 30 years.HDFC Home Loan EMIs were set at zero, and the interest rate was set at 6.90 per cent per annum. If you wish to verify your eligibility depending on your income, you may use HDFC’s Home Loan Eligibility Calculator.

Monthly Salary                                                               Loan Amount

Rs. 25,000                                                                      Rs.15,18,372

Rs. 30,000                                                                      Rs.20,49,802

Rs. 35,000                                                                      Rs.23,91,436

Rs. 45,000                                                                      Rs.30,74,703

Rs. 50,000                                                                      Rs.34,16,337

Rs. 55,000                                                                       Rs.41,75,523

Rs. 60,000                                                                       Rs.45,55,116

Eligibility for HDFC Home Loans Based on Credit Score

Rating                                                     Credit Score

 Good                                                               750 and above

Average                                                          600 – 750

Poor                                                                Below 600

HOW TO APPLY FOR AN ONLINE HDFC HOME LOAN?

 

1. Visit the website

2. Click on ‘Apply for Home Loan’

3. Click on ‘Check Eligibility’ to see your eligible loan amount.

4. Under the ‘Basic information’ page, select the type of loan.

5. If you have a property selected, click ‘Yes,’ otherwise click ‘No.’ Fill in your name in the ‘Applicant’s Name’ field. You may include up to eight co-applicants.

6. Select your residency status (Indian / NRI) and fill out all of the essential personal information under the ‘Applicants’ page.

7. All loan products and information will be shown in the ‘Offers’ tab.

8. Choose the loan product, enter your date of birth and password, and then click ‘Submit.’

9. After that, you must upload all of the papers.

10. Pay the processing fees and the online loan application is complete.

The HDFC staff will assess your application and begin the loan procedure. If you want assistance at any moment during the loan application process, you may raise a question online using the module or call HDFC on the helpline/toll-free lines. If you are searching for a house loan, apply today. Because the online application procedure is so simple, it is a favoured option over the offline one.

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Eligibility for HDFC Home Loan for Women

The HDFC home loan qualifying requirements for women applicants are the same as for other candidates. Women applicants, on the other hand, are entitled to a 05 basis point interest rate reduction on the loan.

Factors That Influence HDFC Home Loan Eligibility

The following are some of the elements that influence HDFC home loan eligibility:

1. The applicant’s age 2.

The applicant’s financial situation

3. An excellent track record of repaying

4. Excellent credit score

5. Existing obligations will be used to determine the incremental burden of the extra loan.

6. The applicant’s profile

7. Specifications about the underlying property, such as its age, size, and so on.

8. Consider whether the applicant is a guarantor on an existing loan.

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Why Should You Use HDFC Home Loans?

1. Attractive interest rates to make your home loans more cheap and convenient.

2. Repayment alternatives that are tailored to your specific circumstances. There are no hidden fees.

3. Expert legal and technical advice to assist you in making the best property purchase decision.

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