“There’s no place like home”. It is the dream of every person to have his own house, but it is a very difficult thing for a common man. As a homeowner, you can curate your space to suit your needs and tastes. Yes, as much peace as you get at your own home, you do not get that much peace even in an expensive hotel. So what are you waiting for, let us tell you today how and from where you can get a home loan to buy your own house. To learn more about what is a Housing Loan and its functions in acquiring fantasised about home, continue reading.
Today we are going to tell you about HDFC HOME LOAN APP
With the help of which you can make your dream of home come true, so let’s know
How you can take HDFC HOME LOAN, for this what documents will you need and you will be given all the information related to it.
WHAT IS HDFC HOME LOAN ?
Home loan is a form of secured loan that is availed by a customer to purchase a house. HDFC Home Loans are generally given for home purchase, construction, innovation and to enhance your property. This loan is given by HDFC Bank, for which this bank takes loan at 6.75% annual interest rate as compared to other banks. You can apply online through the HDFC home loan app. You can avail of the loan by meeting certain Home Loan eligibility criteria for a specific tenure. In addition, you can also search for Home Loans for renovation or repair purposes.
HOW TO APPLY FOR HDFC HOME LOAN?
One of the greatest methods to buy a home, a piece of land, or to make renovations to an existing home is with a home loan. The process of applying for a home loan is much simpler than it formerly was due to greater bank competition.
The process for obtaining a home loan is below.
Each bank has its own loan application process. So let’s talk about how to apply for HDFC Bank Home Loan.
-RESIDENCE PROOF: To take a home loan from HDFC Bank, first of all, you have to prepare your house papers, after that you have to go to your nearest HDFC Bank.
–BANK STATEMENT: Before taking a H-D-F-C home loan, you must have all the necessary documents and the criteria set by the bank.
–IDENTITY PROOF: Aadhaar Card, PAN Card, Ration Card, Driving License etc.
-PROPERTY REGISTRATION PAPERS.
ELIGIBILITY:
1. You must be a citizen of India, if you are NRI then you must have a Person Of Indian Origin (PIO) certificate.
2. Your age should be more than 18 years and less than 70 years.
3. Your credit score should be more than 750.
4. If you do a job, then you must have more than 2 years of job experience.
5. If you are self-employed then your business should be more than 3 years old.
6. Your monthly minimum salary should not be less than 25000.
7. The loan amount is given to you up to 90% of the property.
Note: If you have all the information mentioned above, then you can take this loan very easily, otherwise these people will not help you.
HDFC Home loan Interest Rate-
HDFC Home Loan interest rate can be up to (6.75% – 8.30%), depending on your credit score in the bank and whether you are a new customer of the bank.
Note: To know the interest rate of home loan, you can find out about the interest rate through the website and apps of HDFC Bank / Official Bank and by talking to the customer care.
Loan interest rates depend on several factors such as:
• Credit score of the applicant,
• Loan amount,
• Repayment capacity of the applicant,
• Period of time.
How to take HDFC home loan at home?
To avail HDFC home loan at home, you must first register on the HDFC home loan app and on the official website of HDFC Bank and apply online.
Keep in mind: You should already be a customer of HDFC Bank, if not, then you can open your New Account in HDFC Bank.
Let us know how to apply for HDFC home loan online:
Step 1. First of all you have to install HDFC Bank LOANS from the Play Store. Or you can visit the official website.
Step 2. Next, you have to register with the help of a mobile number.
Step 3. Enter your User Id and Password.
Step 4. Now you have to enter your basic information like loan type, name of the applicant.
Step 5. Only after this the application form will come, here you have to submit the basic details with the help of Aadhaar card and PAN card, through which you will know the eligibility.
Step 6. Next, here you get bank offers.
Keep in mind that you have to choose any one offer as per your convenience and submit it.
Step 7. After the loan is approved, you will have your online e-KYC done by the bank or the representative of any online app. The documents that will be asked from you have to be submitted.
Step 8. You have to submit bank details, you will get an instant home loan.
Note: The Bank does not accept any type of OTP, CVV number or Debit Card PIN.
FAQs-
Q1. HDFC Home Loan Max How Much Mileage?
Ans. Through the digital process, HDFC Home Loan can be availed from Rs 5 lakh to more than Rs. 2 crore. It only depends on the property of the applicant that how much loan will be given to him. And how is the credit score of the applicant?
Q2. How much home loan can I get?
Ans. The repayment period for home loan EMI calculation is considered to be 30 years. When you apply for a home loan, you get to see how much loan you have taken and for how long.
CONCLUSION
HDFC Bank is India’s largest private sector bank, through which more than two crore loans can be taken by taking one lakh rupees. HDFC bank loan related information is given.
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