Loans to Professionals for Non Residential Premises Loan

FEATURES:

• Purpose
  
  Purchase, Construction, Improvement of Office, Clinic
  
• Eligible


• Doctors


• Chartered Accountants


• Lawyers


• Other self-employed professional
  


• Maximum loan
  
  85% of cost of the property
  


• Maximum Term
  
  10 years
  

  Improvement 5 years

• Applicant and Co- Applicant to the loan
  
  Loans can be applied for either individually or jointly. Proposed owners of
  the property will have to be co-applicants. However, the co-applicants need
  not be co-owners.


• Adjustable Rate Home Loan
  
  Loan under Adjustable Rate is linked to HDFC's Retail Prime Lending Rate (RPLR).
  The rate on your loan will be revised every three months from the date of
  first disbursement, if there is a change in RPLR, the interest rate on your
  loan may change. However, the EMI on the loan disbursed will not change*.
  If the interest rate increases, the interest component in an EMI will increase
  and the principal component will reduce resulting in an extension of term of
  the loan, and vice versa when the interest rate decreases.
  


• Fixed Rate
  
  

Interest Rate

Please get in touch with HDFC Home Line for the latest interest rate.

Fees

1 % of the loan amount plus applicable service tax and cess.

Security for the Loan

Security for the loan is a first mortgage of property to be financed,
normally by way of deposit of title deeds and/or such other collateral security
as may be necessary. Interim security may be required, if the property is under
construction.

HDFC Land Purchase Loan

Features

• Maximum loan
  
  85% of cost of the land and based on the repayment capacity of the customer.
  


• Maximum Term
  
  15 years subject to your retirement age.
  


• Applicant and Co- Applicant to the loan
  
  Home Loans can be applied for either individually or jointly. Proposed owners of the property, will have to be co-applicants. However, the co-applicants need not be co-owners.
  


• Adjustable Rate Home Loan
  
  Loan under Adjustable Rate is linked to HDFC's Retail Prime Lending Rate (RPLR). The rate on your loan will be revised every three months from the date of first disbursement, if there is a change in RPLR, the interest rate on your loan may change. However, the EMI on the home loan disbursed will not change*. If the interest rate increases, the interest component in an EMI will increase and the principal component will reduce resulting in an extension of term of the loan, and vice versa when the interest rate decreases.
  


• Fixed Rate

Interest Rate

Please get in touch with HDFC Home Line for the latest interest rate.

Fees

1% of the loan amount applied plus applicable service taxes and cess.

No Charges for

• Part or Full Prepayment of loan under Adjustable Rate (except in case of prepayment through a refinance from other bank or institutions prepayment charges will be applicable)


• Fixed Rate - Part prepayment upto 25% of opening loan outstanding in a financial year


• Replacement of cheques


• Income Tax Certificates


• Accelerated Repayment Option

How to apply

It's simple! You can choose any of the following ways to get in touch with us!

• Call the HDFC Home Line in your city – Our sales representatives will reach out to
  you for assistance
  


• HDFC Office Locator
  
  We have over 200 offices with flexible timings keeping in mind your work timings. The offices are conveniently located at a place closer to you.
  


• SMS HDFCHOME to 6767
  


• Apply Online

Short-Term Bridging loan in HDFC

Short-Term Bridging loan makes you realise your dream of buying a bigger and better home and gives you time to sell your existing property to pay off the loan.

This is a short term loan to help customers with the interim period between the sale of your old home and the purchase of a new home. You can take the loan even if you are an existing customer of HDFC.

Features

• Maximum loan
  
  90% of cost of new property


• Maximum Term
  
  2 years


• Applicant and Co- Applicant to the loan
  
  Home Loans can be applied for either individually or jointly. Proposed owners of the property, will have to be co-applicants. However, the co-applicants need not be co-owners.


• Fixed Rate

Loan Repayment

Customers repay the loan by paying the monthly installment or pay the interest on the loan with a lumpsum payment within 2 years. Hence the customer gets 2 years to sell the property and prepay the loan.

Fees

0.50% of the loan amount plus applicable service tax and cess.

Interest Rates

Please call HDFC Home Link for the latest interest rate.

Security

Security for the loan is a first mortgage of the new property to be financed, normally by way of deposit of title deeds and/or such other collateral security as may be necessary. You would also have to give an irrevocable Power of Attorney authorising HDFC to sell your existing home. Moreover, both the proposed and existing homes would have to be insured against fire and other appropriate hazards. Interim security may be required, if the new property is under construction.

How to apply
It's simple! You can choose any of the following ways to get in touch with us!

• Call the HDFC Home Line in your city – Our sales representatives will reach out to you for assistance
  


• HDFC Office Locator
  
  We have over 200 offices with flexible timings keeping in mind your work timings. The offices are conveniently located at a place closer to you.


• SMS HDFCHOME to 6767


• Apply Online
  

HDFC Home Extension Loans

Features

Purpose

HDFC Home Extension Loan makes it convenient for you to extend or add space to your home.
Be it an additional room, a larger bathroom, or even enclosing an open balcony.

Maximum loan

85% of the cost of extension

Maximum Term

20 years subject to your retirement age

Applicant and Co- Applicant to the loan

Home Loans can be applied for either individually or jointly. Proposed owners of the property,
will have to be co-applicants. However, the co-applicants need not be co- owners.

Adjustable Rate Home Loan

Loan under Adjustable Rate is linked to HDFC's Retail Prime Lending Rate (RPLR). The rate on
your loan will be revised every three months from the date of first disbursement, if there
is a change in RPLR, the interest rate on your loan may change. However, the EMI on the home loan disbursed will not change*. If the interest rate increases, the interest component in an EMI will increase and the principal component will reduce resulting in an extension of term of the loan, and vice versa when the interest rate decreases.

Fixed Rate

*Conditions Apply

Interest Rate

Please call HDFC Home Line for the latest interest rates

Fees

1% of the loan amount applied plus applicable service taxes and cess.

No Charges for

• Part or Full Prepayment of loan under Adjustable Rate (except in case of prepayment through a refinance from other bank or institutions prepayment charges will be applicable)


• Fixed Rate - Part prepayment upto 25% of opening loan outstanding in a financial year


• Replacement of cheques


• Income Tax Certificates


• Accelerated Repayment Option

How to apply

It's simple! You can choose any of the following ways to get in touch with us!

• HDFC Office Locator
  
  We have over 200 offices with flexible timings keeping in mind your work timings. The offices are conveniently located at a place closer to you.


• Call the HDFC Home Line in your city – Our sales representatives will reach out to you for assistance


• SMS HDFCHOME to 6767