HDFC Home Loans

Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating[5/5]Total Votes [ 5 ]  
Rate this page:
Home Loans offered by HDFC Bank encompasses a wide range of loan options which are subject to various parameters like term of loan, financial status of the individual seeking loan and the purpose of loan. Owing to these diversifications, HDFC Home Loans have grown in popularity over the years.

HDFC Bank,India, announced the arrival of the new generation, technology driven commercial banks in India. HDFC Bank in India was set up in August 1994 with the approval of Reserve Bank of India. The bank was promoted by Housing Development Finance Corporation Limited, a premier housing finance company of India (set up in 1977).

The primary subdivision of HDFC Home Loans is loans for:
  • Resident Indian
  • Non Resident Indian
Loans for Resident Indians:

With an HDFC Home Loan, one can buy a self-contained flat in an existing or proposed co-operative society, in an apartment owner's association or even an independent single-family or multi-family bungalow anywhere in India.

HDFC Home Loans are easy to arrange and can be customized according to the individual's needs and repayment capabilities.

This category can be further into subdivided into:
  • Home Loans
  • Home Improvement Loans
  • Home Extension Loans
  • Short Term Bridging Loans
  • Land Purchase Loans
  • Professional Loan or Loan for Non-residential Premises
  • Home Equity Loan
Loans for Non Resident Indians

Like Resident Indians, HDFC Home Loans feature similar categories of loans for Non Resident Indians as well. They include:
  • Home Loan
  • Home Improvement Loan
  • Home Extension Loan
  • Land Purchase Loan
The advantages associated with HDFC Home Loans are:
  • An individual can undergo a Home Loan Counseling where HDFC shares its experiences of providing Home Loans for 29 years.
  • Wide range of products which offers multiple choices to an individual to choose the loan plan that suits him/her the best.
  • Multiple Repayment Options gives a customer a wider scope of repayment according to his/her financial situations.
  • Wide network of financing also enables the individual to get his/her loan sanctioned from a place of his/her choice and also pay the installments duly no matter where he/she is.
Due to all such innovative ideas, HDFC Home Loans have had an edge over others.

>> More Banks in India