HDFC Home Loan Interest Rates

When it is a question of purchasing a home with a home loan, the primary objective of the borrowers is to find a cheap interest rate loan. HDFC Bank India home loan rates are one of the cheapest rates that are available in the Indian home loan market.

About HDFC Bank India Home Loan Interest Rates

HDFC Bank India home loan rates are one of the most competitive rates available in the home loan market. The table given below will give you an idea about these rates:

Rates	Fixed Interest Rate	Flexible Interest Rate	Basis% RPLR
Upto and including Rs 30 lacs	12.25%	10.75%	RPLR - 5.75
Rs.30.01 lacs to Rs.75 lacs	12.50%	11.00%	RPLR - 5.50
Rs.75.01 lacs and above	13.00%	11.50%	RPLR - 5.00

 

The rates of HDFC Bank India are effective from 01-Aug-2011
 

Advantages offered by HDFC Bank India home loans

Given below are some important advantages offered by HDFC home loans:

 

 1. HDFC offers flexible loan repayments options like Step Up Repayment Facility,Flexible Loan installements Plan,Tranche based EMI and Accelerated Repayment Structure.

2. Counselling and advisory services for acquiring a property.

3. Get instant home loan approval from HDFC without any wastage of time.

4. Get many home loan products and services like Home Loans,Home Improvement Loans,Home Extension Loans,Loans to professionals for office or clinic, Home Equity Loans(Loan against property),Short term Bridging Loan.

5. One can take loan from any branch of HDFC all over India for purchase of home.

6. Get the approval of loan even before the property is selected.

8. There are over 289 offices of HDFC all over India and also in Singapore,London,Dubai and franchises in Gulf Cooperation Council (GCC region).

9. HDFC ensures the availability of professional and empowered staff that can ensure customer satisfaction and smooth running of the offices.

10. The loan seekers can apply the loan online via Online Loan application facility.

11. There is the guarantee of safe document storage and that too free.

 

Schedule of Charges on HDFC Bank India Home Loans

The table given below will help you understand the various charges associated with HDFC Bank India home loans:

Types of Charges	Ecbop Home Loan
Foreclosure penalties	No prepayments permitted during first 6 months 6 months - 5 years - 1.5% of original loan amount 5 years -10 years - 0.75% of original loan amount Over 10 years - No closure charges eBOP customers : Loan repaid from own funds - no foreclosure penalties Loan repaid from other funds - usual foreclosure penalties. For Gold Category 6 months - 5 years - 2% of original loan amount Over 5 years - No closure charges
Cheque swapping charges	Rs 500/-
Fees for delayed payment of EMI	2% per month
Duplicate Statement Charges (per statement)	Rs 100/- per page subject to a maximum of Rs. 300/-
Bounce Cheque Charges	Rs. 500/-
Issue of Duplicate Interest Certificate	Rs. 300/-
Issue of Duplicate Provisional Interest Certificate	Rs. 300/-
Issue of Amortization Schedule (Duplicate)	Rs. 300/-
Duplicate Balance Certificate	Rs. 300/-
Switch from Fixed to Floating	Not Applicable
Switch from Floating to Fixed	Not Applicable
Photocopy of Documents	Rs. 500/-

You should remember that all the above mentioned services and charges are subject to change. Please see the official site for the same