HDFC Ltd Products

Home Loans A new home brings with it new hopes, joys and emotions. At HDFC, we have shared new hopes, joys and emotions with over 4.3 million customers. Every customer has a specific and unique concern. Having earned an experience of over 34 years in home loans, Our home loan product is customised to provide you solutions for your unique concern.

Features

Maximum loan 80% of the cost of the property (including the cost of the land) and based on the repayment capacity of the customer. Maximum Term The maximum period of repayment of a loan shall be upto 30 years (Telescopic Repayment option) under the Adjustable Rate Home Loan product, depending upon the specific repayment scheme as may be opted (*). The maximum period of a loan shall be upto 20 years under the Fixed Rate Home Loan product. Repayment will not ordinarily extend beyond your age of retirement if you are employed or on reaching 70 years of age, whichever is earlier. However, HDFC will endeavour to determine the repayment period to suit your convenience. (*) For more information, you are requested to visit HDFC’s nearest office or Check our various repayment schemes 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 coowners. 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. * Conditions Apply Interest Rate Wef : 6th Feb 2013 RPLR: 16.40% Loan Slabs Applicable Variable rates % ( Monthly Rest Basis ) Basis : RPLR minus Spread Upto and including Rs 30 lacs 10.15% to 10.65% RPLR - 6.25 to - 5.75 Over Rs. 30 lacs 10.40% to 10.90% RPLR - 6.00 to - 5.50 The above rates are subject to change without notice. TruFixed Home Loan  Under this product the customer has the option to choose a Fixed Interest Rate Period (FIRP) between 3 to 10 years . Post the fixed rate period the loan will automatically convert to a variable rate product. The customer also has the option, subject to our eligibility norms to take a complete fixed rate term product for a fixed term of 3 to 10 years. Or, he can avail a long term loan of 15 to 20 years with a part fixed and part floating for the entire tenor of the loan. The full disbursement of the loan, irrespective of the fixed period chosen, shall have been availed within the first 3 years from the date of first disbursement of the loan. Post the fixed rate period the interest rates applicable on the loan shall be the then applicable HDFC RPLR minus the spread as applicable currently on the loan amount being availed under this product. The applicable interest rates in the Fixed Interest Rate Period (FIRP) are linked to sanctioned loan amount and as per details given below: Loan Slabs Interest Rates during the Fixed Interest Rate Period ( % ) Upto and including Rs 10 lacs 10.75 Rs.10.01 lacs to Rs.75 lacs 11.00 Over Rs.75 lacs 11.25 Eligibility The product is available to salaried and self-employed customers subject to file being logged in on or before June 30th, 2013 with an end date for the first disbursement on or before July 31st, 2013. Purpose Purchase of Flat, row house, bungalow from developers Existing freehold properties Properties in an existing or proposed co-operative housing society or apartment owner's association First Power of Attorney purchases in Delhi for DDA flats allotted before 1992. Refinance (balance transfer) of an existing home loan from another financial institution. Loan Against Property HDFC's Loan Against Property helps you encash the present market value of the property by taking a loan by mortgaging the property. Features of Loan Against Property Purpose Loan can be for any purpose. However, the funds should not be used for speculation or any illegal purposes.  Customers have benefited by taking loans to meet the following funding requirements Marriage Expenses Medical Expenses Business Expansion Property Residential Non Residential  - Should be Fully Constructed  - Should be a Freehold property having a clear and marketable title. 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 reviewed 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 equity 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. * Conditions Apply Maximum Loan Existing Customers  - Balance of 60% of the market value and present loan outstanding New Customers  - 50% of the market value of the property (including the cost of the land) Subject to  - Minimum Market Value of the property being Rs.5,00,000 for Residential property and Rs.7.50 Lacs for Non Residential Property  - Repayment Capacity of the customer Maximum Term Property Type Repayment Option No. of Years* Residential EMI Based 15 Non Residential EMI Based 15 Residential and Non Residential Simple Interest 2 * Subject to retirement age of the customer Interest Rate Wef : 6th Feb 2013 RPLR: 16.40% Loan Slabs Applicable Variable rates % ( Monthly Rest Basis ) Basis : RPLR minus Spread Any Loan Amount 12.65% to 12.90% RPLR - 3.75 to - 3.50 The above rates are subject to change without notice.