Range of Interest Rate
9.50% Onwards
Processing Fee Range
1% Onwards
Loan Amount
10 lakh – 10 crore
Range of Loan Tenure
1-15 years
Key Salient Features
- Balance Transfer
- Loan Top-Up
- Lowest Interest Rates
Documentation
- KYC– Aadhar Card and PAN Cardd
- Financial– Bank statement, Salary slips, latest form 16
- Property– Allotment Letter and Registered Sale Deed
Trivia
- The total number of branches of HDFC Bank in India is 8776
- Average loan approval time is about 3-7 working days
USP’s
Doorstep Service
Minimum Documentation
Fastest Sanction Process
Dedicated Relationship Manager
Fee and Charges Details
- If the amount does not exceed 25% then Nil foreclosure/prepayment charges. 2.5% if prepaid amount exceeds 25%
Disclaimer
- All intellectual property including trademarks, logos belong to the owner
| Particulars | Salaried | Self-Employed |
|---|---|---|
| Age | 21-65 Years | 21-65 Years |
| Prepayment Charges/Foreclosure | Nil if amount does not exceed 25% 2.5% if prepaid amount exceeds 25% | Nil if amount does not exceed 25% 2.5% if prepaid amount exceeds 25% |
FAQs
Generally, you need to follow the following steps while applying for an HDFC Mortgage Loan:
- Submit the digital application form of HDFC mortgage loan
- On completing the form you need to submit certain important documents. These include KYC, Financial, and Property
- The mortgage loan processing is initiated and includes legal and technical verification
- Mortgage loan eligibility is determined. Following this HDFC provides you with a sanction letter. It includes the following details sanctioned loan amount, interest rate, loan tenure, type of interest rate applicable, EMI payable, validity of sanction letter, special conditions (if any), and other terms and conditions
- Finally, once the documents are verified and the loan disbursement request is raised, HDFC Bank will issue a disbursement cheque.
There are a few documents that you need to submit while applying for a HDFC Mortgage Loan. They are given in tabular form below:
KYC Documents
KYC Documents
- The previous three months’ salary slips and
the Latest Form-16 - Latest 2 years Form 16
- IT Returns for the last three years
-
Business Profile of the Applicant
Latest 3 years ITR with Computation of Income - Balance Sheet, Profit, and Loss Account, and respective schedules
- GST Registration Certificate, GSTR-3B Returns of
latest 1 Year, and GSTR-3B Returns of latest 1 Year
Company Udhyam certificate
Property Documents
One of the major reasons you need to select this mortgage loan is because HDFC provides you with an amount that covers 60% of property value. They also provide for a long repayment tenure to ensure that the monthly EMI is affordable. More importantly, HDFC provides a 100% hassle-free mortgage loan digital application process.
After submitting the documents and the initiation of the HDFC Mortgage Loan is completed, HDFC takes about 5-15 working days to get it sanctioned.
It is a minimum CIBIL score in the range of 720 above that you need to possess to secure an HDFC mortgage loan.
HDFC Bank provides you with a minimum mortgage loan amount of about 10 lakh and maximum 10 crore
No, it is not compulsory to have a co-applicant while applying. However, if you do have one it helps in significantly improving your loan eligibility, which in turn helps prove to your lender ‘Creditworthiness’.
The rate of interest for XYZ Mortgage Loan is floating interest rate which is linked to RLLR ( REPO LINKED LANDING RATE) Therefore it will reused by the change every time the repo rates gets reused by the regulator.
If you have IT returns for three financial years to show in document form then, your eligibility for securing an HDFC Mortgage Loan increases. However, you can get it even if you do not have IT returns provided, you are seeking a small loan amount and you have a good CIBIL score to prove you are ‘Creditworthy’.
Typically, after applying, submitting necessary documents, and getting a sanction letter, HDFC will take 3 to 7 working days to get the mortgage loan disbursed.
There are additional details that you need to know about HDFC Mortgage Loan. They are as follow:
-
Benefits of taking a HDFC Mortgage Loan:
There are few advantages that you can derive by taking a HDFC Mortgage Loan. They include the following:
- Quick mortgage loan disbursement
- Offers overdraft facility
- Mortgage loan can be used to finance any business related funding requirement
- Offers Balance Transfer facility
EMI Calculator
Loan Amount
₹
Rate of Interest
%
Loan Tenure (Years)
Years
Monthly EMI
₹ 21,617
Principal Amount
₹ 25,000,000
Interest Amount
₹ 23,000,000
Total Amount Payble
₹ 47,000,000
Interest Amount
Principal Amount
Apply for Mortgage Loan
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