HDFC Home loans is one of the most popular options when it comes to fulfilling your dreams of having your own house. It is a blessing to be in your own home today and everyone wants this blessing. No one wants to pay heavy rent charges for living in other’s properties, instead they prefer to pay EMI’s of their own homes. With HDFC Home loan at interest rates starting from just 6.70%, it is becoming easier for people to buy and live in their own houses.
HDFC Bank provides home loans for the purchase of new or secondhand homes, as well as for the construction of your own home. You can apply for one of these loans either singly or jointly as making a combined application boosts your loan eligibility.
Here are some of the reasons why you should opt for HDFC Home loan
● Hassle Free Digital Process
You can apply for HDFC Home loans online through the bank’s website and get instant approval. You can apply for an HDFC bank house loan online at your comfort, at any time and from any location. The online home loan application is a straightforward three-step process that includes easy document upload, online fee payment, and fast loan approval.
● Attractive Interest Rates
HDFC Home Loans offers some of the lowest interest rates available today. In fact, HDFC offers borrowers interest rates as low as 6.70 percent per year, making it a very cost-effective option. Nobody likes to pay exorbitant fees in the name of interest rates. Everyone likes low-interest loans, especially when it comes to home loans, which have a greater loan amount.
● Amount Transfer Facility
If you are a current borrower with an outstanding home loan from another bank, you can transfer your balance to HDFC and benefit from cheaper interest rates and better service. This will save you a lot of money that you would have spent on higher interest.
● Rural Housing Finance for Salaried and Self Employed
The HDFC Bank’s Rural Housing Finance for Salaried and Self-Employed programme offers house loans for rural properties to government and private sector employees. Home loans are also available to merchants and traders who have filed their income tax returns for the previous three years under this plan. There are special offers for government employees in HDFC Home loans.
● HDFC Home Loans are completely transparent.
With HDFC Home loans, borrowers can expect complete openness during the loan process and subsequently. This contains the loan amount that qualifies, the documents, and, most importantly, all fees and charges. You may rest assured that everything will be disclosed to you clearly and concisely, and that there will be no hidden fees. HDFC Home loans include processing fees of 3000 INR plus taxes, which is fairly reasonable.
The Bottom Line
HDFC Home Loans are economical and easy on the wallet because they have a low interest rate. You can choose from a variety of repayment alternatives to fit your needs and budget. There are no hidden fees because the loan processing for HDFC home loan products is totally transparent. Expert legal and technical counsel is available to assist you in making the best option possible for your long-term investment (home purchase). You can tell the bank to deduct your Home Loan EMIs straight from your HDFC Bank Savings Account, avoiding the hassle of signing and tracking cheques every month. The very reasonable HDFC Home loans interest rates are one of the most foremost factors because of which the borrowers can fulfill their desires of living in their own homes. These are some of the unique and attractive features of HDFC Home loans which persuades the borrowers to opt for HDFC home loans.
