HDFC Bank Home Loan Features & Benefits

Before you take a home loan, it is important for you to know how much home loan EMI you would need to pay. Magicbricks has a  HDFC Ltd home loan EMI calculator which helps you calculate how much EMI you would have to pay against your required loan amount. All you need to do is enter the loan amount, tenure and interest rate, the home loan calculator will quickly estimate your monthly EMI.

1. Loan Amount: Whether you are planning to purchase a new house or extend/renovate an existing one, you can avail of a loan amount of up to Rs. 10 crores from HDFC Bank home loan

2. Attractive Interest Rate: Starting from 6.7% , the interest rate offered by HDFC Bank on a home loan is affordable

3. Prepayment/Foreclosure Charges: If you avail of HDFC Bank Home loan on the floating interest rate, the prepayment charges are NIL and if you avail of the home loan on a fixed interest rate, the charges can go up to 2% + taxes

4. Processing Fee: The processing fee charged by HDFC Bank on a home loan depends on the nature of the borrower’s work and goes up to 2% of the loan amount + taxes

5. Easy Application Process: HDFC Bank home loan can be applied both online and offline and borrowers can choose the process as per their convenience

6. Flexible Tenure: The flexible tenure to repay HDFC Bank Home Loan goes up to 30 years for stress-free EMIs

7. Balance Transfer Facility: To avail lower interest rates, HDFC Bank all the home loan borrowers to transfer their existing home loan from any bank to HDFC

8. Minimum Documentation: HDFC Bank ensures that the documentation process to avail HDFC Bank Home Loan is not only easy but also requires minimum documentation