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Empowering Futures with HDFC Home Loans


31, December 2025

Are you looking to take a home loan from HDFC Bank?

If so, continue reading, and it will definitely help you out.

HDFC

HDFC (Housing Development Finance Corporation Limited) is a significant financial institution offering different types of loans in budget-friendly instalments.

Home Loan

The bank offers this loan to purchase your new home or renovate it to meet the changing needs of your growing family. This loan helps to turn the individual's dream of owning a house into reality.

The applicant must have a steady income; a high credit score can help get faster loan approval. The interest rate ranges from 8.95% - 9.45% p.a.

Benefits

  • Long Repayment Period
  • Low-Interest Rate
  • Top-up Loan
  • EMIs Options, and More.

Eligibility Criteria

The age criteria for salaried and self-employed must be around 21-65 years. The minimum income has to be Rs.10,000 p.m. to Rs.2 lakh p.a.

Application Form

The bank will be giving a form where the applicant has to complete the following details, such as

  • Name
  • Qualification
  • Address
  • Phone Number
  • Monthly Income
  • Employment Type

Required Documents

In order to complete the verification process, the applicant is required to submit documents such as a six-month bank statement, address proof, PAN card, photo identity proof, salary statement, rent agreement, driver's license, and additional necessary documents.

Tenure

Short-term home loans offer five years or less, while long-term options can extend up to a maximum tenure of 30 years. The applicant's tenure depends on their eligibility to repay the loan amount.

Processing and Verification

The bank will only process the home loan application after proper verification. There is a great chance that the bank representative may visit your home or workplace for the same.

The processing fees start at 0.50% of the loan amount to Rs.3000 (whichever is higher), and it also includes taxes for salaried and self-employed professionals.

Sanction Letter

The bank takes approximately 3 to 4 weeks to sanction the loan amount, stating that you are an eligible applicant for the loan amount applied and offers the best repayment options.

Home Loan Disbursement

After submitting original documents, the applicant has to sign the loan agreement before the payer hands over the disbursement cheque to the applicant. The applicant should carefully read everything on the cheque, such as loan tenure, interest rate, EMI, etc., before signing the loan agreement to avoid unnecessary mistakes.

Balance Transfer Facility

The existing borrower can take advantage of a balance transfer, which helps reduce the interest rates and leads to saving a good amount of money.

Home Loan Amortization Calculation

It is a periodic loan payment table indicating the principal amount and interest amount paid monthly until the last date of its tenure.

We hope the above information has given a good insight into home loans in HDFC Bank.

GR Sitara - Hosa Road Bangalore

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Most Frequently Asked Questions?

What are the eligibility criteria for HDFC home loans?

Applicants need a steady income and a high credit score for faster loan approval. The age criteria for salaried and entrepreneurial individuals typically range from 21 to 65 years. The minimum income requirement is around Rs. 10,000 per month to Rs. 2 lakh per annum.

What documents are required for HDFC home loans?

Documents required for HDFC home loans include a six-month bank statement, address proof, PAN card, photo identity proof, salary statement, rent agreement, driver's license, and other necessary documents.

What is home loan amortization calculation?

Home loan amortization calculation is a periodic payment table showing the principal amount and interest amount paid monthly until the loan's tenure ends.

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