HDFC Bank Home Loan Interest Rate:

There are mainly 2 types of HDFC Bank home loan rates: Fixed and Variable.

For home loans up to 30 Lacs the floating HDFC bank home loan interest rate is 9.50%. The fixed HDFC bank home loan rate up to 30 lacs is 11.25% p.a.

For home loans from 30 Lacs to 75 Lacs the floating HDFC bank home loan interest rate is 9.75%. Fixed HDFC bank home loan rate for this range is 11.25% p.a. HDFC bank home loan rate in the second and third year is 9.25 % p.a.

For home loans above 75 Lacs the floating HDFC bank home loan interest rate is 10%. The fixed HDFC bank home loan interest rate for above 75lacs is 11.25%. The HDFC bank home loan rates keep changing.

HDFC Bank Home Loan Eligibility:

HDFC Bank Home Loan Eligibility Criteria For Salaried People:

As per the HDFC bank home loan review salaried people to give latest salary slip. HDFC bank home loan will also need identity and residence proof. In order to qualify for HDFC bank home loan eligibility one has to submit form 16 along with last six months bank statement.

HDFC Bank Home Loan Eligibility Criteria For Self Employed:

HDFC bank home loan review shows that a self employed person needs to submit identity and residence proof. HDFC bank home loan also needs Education Qualifications Certificate and Proof of business existence. In order to fulfill the HDFC bank home loan eligibility Criteria one needs to last 3 years income tax returns along with 3 years balance sheet.

HDFC Bank Home Loan Documents:

HDFC bank home loan review shows that an applicant needs to give

Application form

with photograph along with the above mentioned documents.

HDFC Bank Home Loan For Salaried People

Latest salary slip

Proof of identity

Proof of Residence

Form 16

Last six months bank statement

HDFC Bank Home Loan for Self Employed

Proof of Identity

Proof of residence

Educational Qualification Certificate

Proof Of Business

Three years income tax return

Procedure and options to apply for the loan: The customer can go ahead and apply for the loan at any of the bank branches or can download the form from the website of the bank.

Maximum Tenor Of The Loan: The customer will have the maximum tenure of 20 years.

What would be the repayment options/facilities? The customer can pay back his loan in equated monthly installments.

Pre Closure Process: In case a customer of HDFC Bank Home Loan the customer wishes to close his loan before the agreed period or term is termed as pre closure. There are no charges for a pre closure.

Tax Benefits: One can get tax benefits on the principal and the interest paid according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government.