Housing Development Finance Corporation Limited (HDFC) which was incorporated in 1977, is the largest home loan lender in India.
HDFC Home Loan Types
- HDFC Home Purchase Loan : Purchase a new or resale property, or to construct a home.
- HDFC Home Improvement Loan : Repair an existing home, or to refurbish it (ex. painting, plumbing,electrical work etc)
- HDFC Home Extension Loan : Extend an existing home by adding additional rooms or storeys.
- HDFC Land Purchase Loan : Purchase land without immediate construction of house
Features & Benefits of HDFC Home Loan
- By automated repayment, customer can repay home loan EMIs directly from their HDFC Bank savings account, saving customer the trouble of procuring, signing and tracking post-dated cheques
- Home loan customers can avail other loans (such as HDFC Personal Loans, HDFC Car Loans, Two-wheeler Loans and Loan against securities) at lower interest rates
- HDFC home loans are one of the lowest interest rates in the market
- Fixed or floating structures are both available. Individual and join home loan are supported
- When home loan interest rates changes, customer can opt to pay same EMI so that their tenure increases/decreases based on interest rate change
- Repayment schemes like 'Step Up Repayment','Accelerated Repayment Scheme' which help customers decide higher EMIs when they get increments
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