HDFC Housing Loans Low Interest Rates

HDFC housing loans is a popular home loan option in India. The HDFC bank helps a large number of people to secure their homes every year with the help of the housing loans offered by HDFC. The reason behind the popularity of the HDFC housing loans is the amazingly affordable HDFC interest rate.
The HDFC interest rate usually comes up to be 11.25 percent for the standard housing loans from HDFC. The minimum tenure for the HDFC housing loans and the subsequent HDFC interest rate is usually 5 years and the maximum tenure comes out to be 20 years.
Also, the minimum amount offered under the HDFC housing loan scheme is Rs. 100,000 and the maximum amount offered under the HDFC housing loans is Rs. 10,000,000. The amount has to be then repaid in the respective repayment period of the loan which could be anywhere between 5 years and 20 years.
For the HDFC housing loans that are offered for the tenure of 1 to 5 years at a fixed HDFC interest rate of 12.5 percent. The fixed interest rate remains the same for the tenures of 5 to 10 years, 10 years to 15 years and 15 to 20 years.
The floating HDFC interest rate for the housing loans tenures of 1 – 5 years, 5 – 10 years, 10 – 15 years and 15 – 20 years comes up to be 10.5 percent.
The housing loans are processed in just 7 days at a processing fee of 1 percent and a pre-payment charge of just 2 percent. The EMI is calculated with the help of the HDFC home loans EMI calculator.
The HDFC housing loans has a specific eligibility criteria meant for the salaried employees. They have to have an annual income of Rs. 1,20,000, a minimum age of 24 years and a maximum age of 55 years.
The applicants for the housing loans have to submit documents like an ID, residence and income proof. They also have to submit a telephone bill, photograph, a bank statement and a signature proof.
Once all the documents are submitted, the bank uses the HDFC home loans EMI calculator. This HDFC home loans EMI calculator is designed to offer a perfect EMI for all the housing loans. HDFC uses the HDFC home loans EMI calculator on all sorts of home loans.
The whole process of securing home loans has become really easy with the help of tools like HDFC home loans EMI calculator and some really attractive plans. In short, getting the HDFC housing loans is the perfect way to buy one’s dream home.
HDFC bank home loan has one of the widest networks and even provide HDFC housing loans right at your doorstep. A cheerful customer care executive is always there to assist the customers online for faster processing of HDFC house loan. One can even dial a toll free HDFC number to get more details about HDFC house loan and the present rate of interest on different HDFC housing loans plans.
Besides HDFC homeloans, customers get the advantage of other HDFC housing loans facilities like Home Improvement HDFC housing loans, Short Term Bridging HDFC home loan, Home Extension HDFC house loan, Home Equity HDFC housing loans and also HDFC homeloans for purchasing land. Special HDFC home loan schemes are also available for NRIs.