Features of HDFC Bank Loan

•  Lowest rate of interest in the market

•  No Charges for

 
  • Part or Full Prepayment of loan under Adjustable Rate except in case
  • The loan is commercially refinanced by any other bank or financial institution
  • On speculative sale of property financed
  • And sources of prepayment are not disclosed to HDFC at the time prepayment 
  • Fixed Rate - Part prepayment up to 25% of opening loan outstanding in a financial year
  • Income Tax Certificates

•  We have Insurance Poduct called HLPP (Home Loan Protection Plan) with very nominal charges (Cover up to 30 Lakhs), this amount can be refinanced by HDFC                                                          

•  Loan for

 

• Purchase of ready property /under-construction property /Plot of Land /Self-construction of house refinance of existing home loans / Enhancement on existing home loans at home loan rates for personal use

•  Loan Amount                                                           

 

• Up to 85% to 90 % of the value of the property for Ready Property/Builder Property
• Up to 70 % of the plot value in case of Plot Purchase
• Up to 85% to 90% of construction estimate

• No additional Security / No guarantors

•  Parallel funding could be possible only with approved builders of HDFC provided 5% of your contribution is paid to the builder
 
•  Any amount paid over and above own contribution can be reimbursed provided a proof for the same is submitted of loan

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