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HDFC Sales Home Loan

HDFC Sales Home Loan

4.5

HDFC Sales Home loans are straightforward to apply for online. To apply for the loan, you only need identity proof and bank statements to get an instant loan within a few minutes. Loans are available in varying amounts at some of the lowest rates in the market. In addition, loan tenures are flexible for self-employed and salaried employees, allowing applicants to opt for long terms of up to 30 years.

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HDFC Sales Home Loan

Interest Rate

8.35% - 12.5%

Loan Amount

₹5L - ₹10Cr

EMI Per Lakh

₹2,044 - ₹2,250

Processing Fees

Up to 1% of the loan amount

Pre-Payment Charges

Features and Benefits
Eligibility Criteria
Fees and Charges
Documents Required
FAQs
Apply Now

Features of HDFC Sales Home Loans

Loans can be availed for the purchase of flats, bungalows and row-houses from private construction companies in approved projects.
HDFC Sales provides loans on purchases from Development Authorities.
Loans can be availed for the purchase of properties from existing Apartment Owners Association/Co-operative Housing Society/Development Authorities settlements or privately built-up homes.
Loans are also provided for leasehold properties.
Acts as a legal and technical expert for making the right property choice.

Benefits of HDFC Sales Home Loans

Fully Digitized Process: With HDFC Sales, you can apply for a home loan from the comfort of your home. Once the loan is sanctioned, you can access your home loan account through the company’s website, request disbursement, check your account statement and retrieve your interest certificate.
Flexible Repayment Plans: With tailor-made repayment plans, you can customize your home loans according to your requirements.
Minimal Documentation: The hassle-free documentation process makes the HDFC Sales Home Loan application swift and easy.
Round-the-Clock Assistance: With 24/7 assistance at every step, you can ask queries and get help through chat on the website and via WhatsApp.

Eligibility Criteria for HDFC Sales Home Loans

PARTICULARS	CRITERIA
Applicant’s Age	21 – 65 Years
CIBIL Score	750 or above
,Minimum Income	Salaried: INR 10,000 per month Self-Employed: INR 2 Lakhs
Maximum Tenure	30 Years
Financial Position	The current and future financial standing of the applicant will determine the loan amount that will be sanctioned to you
Credit History	A positive credit history with no liabilities standing will create a positive impact

Fees and Charges for HDFC Home Loans

Processing Fees	0.50% on the loan amount or INR 3,000 (whichever is higher)
Retention Amount	50% of applicable fees + applicable taxes
External opinion fees	Charged on actual basis It is directly paid to the expert for the assistance rendered
Property Insurance	Insurance is directly payable to the insurance provider
Late Repayments	Liable to pay additional interest upto 24% p.a.
Incidental Charges	This covers costs, charges and other expenses A copy of policy can be asked on request of the bank
Statutory and regulatory charges	All the applicable charges shall be paid by the customer
Cheque Dishonoured	INR 300
PDC Swap	Upto INR 500
Disbursement Cheque Cancellation Charge Post Disbursement	Upto INR 500
Re-Appraisal Of Loan After 6 Months From Sanction	Upto INR 2,000+taxes
Reversal of Provisional Prepayment under HDFC Maxvantage Scheme	INR 250+ applicable taxes

Documents Required for HDFC Sales Home Loan

Identify and Residency	Passport Driver’s licence Pan Card Voter ID
Income Proof	Salary Slip of past 3 months Previous 6 months’ bank statement Latest Form 16 IT Returns
Property Proof	New Home Allotment Letter copy Payment receipts made to the developer Resale Home Title Deeds that include previous chain of property documents Initial payment receipts made to the seller A copy of agreement to sell For Construction Title deeds of plot No encumbrances proof Plan copies approved by local authorities Construction estimate by civil engineer or architect
Other Documents	Own contribution documents Employment card/appointment letter Previous 6 months’ bank statements showing repayments of any ongoing loans Passport sized photograph of the applicants and co-applicants to be affixed and signed Cheque for processing fee favouring HDFC Ltd.

FAQs

From loans to affordable interest rates, we have the answers for everything you need to know.

What are the eligibility criteria for HDFC Sales Home Loans?

HDFC Sales determines your eligibility primarily by analysing your income and credit history. Other factors include your age, CIBIL score, financial history and the number of dependents.

Do I get tax benefits from home loans?

Under the Income Tax Act 1961, you can avail of tax benefits on the principal and interest amounts.

What does EMI mean? How is it calculated?

An EMI means an estimated monthly instalment. It is the amount you pay to the bank monthly till the loan is fully repaid. The formula used to calculate the EMI is EMI = [P x R x (1+R) ^N]/ [(1+R) ^N-1]. Here, P stands for principal, R is the rate of interest, and N is the number of years.