What Is Home Loan Up To 10 Lakh by HDFC Bank?
Nothing can be more disheartening in life than your big plans getting stuck due to minor issues. Similar is the case with buying a home. Due to overshooting costs, any deferment of plans to purchase a new property or construct a new house can be heart-breaking. Fret not, HDFC Bank offers you a range of Home Loans as a solution to this problem. One such financial aid is the Rs 10-Lakh Home Loan.
Let us understand this loan better.
What is the Rs 10 Lakh Home Loan?
As mentioned above, this loan is financial aid provided by HDFC Bank to help you purchase your dream home. You can apply for a Rs 10 Lakh Home Loan with HDFC Bank and use it to buy an under-construction or a ready-to-move property from a developer. With this loan, you can also buy a resale property or construct a housing unit on a plot of land.
This loan can come in handy, even when you want to renovate your old home. It can help you cover various renovation expenses such as:
- New tiling
- Internal/external repair
- Plumbing, and so on
You can avail of a Rs 10 Lakh Home Extension Loan to extend or add space to your existing house, such as additional rooms or floors.
Things do not end here; HDFC Bank allows you to apply for Rs 10 Lakh Home Loan, either individually or jointly. Your income and repayment capacity will largely determine your eligibility for the Home Loan.
HDFC Bank also offers unique features and benefits for agriculturists, planters, horticulturists, or dairy farmers. These benefits are designed keeping in mind the special requirements of these professionals.
For salaried and self-employed, HDFC Bank also offers a unique Rural Housing Finance Scheme. This scheme helps you purchase properties specifically in rural residential areas.
In short, HDFC Bank range of Home Loans has something for everyone. You only have to apply for this loan either online or offline and enjoy the attractive benefits of it along with pocket-friendly EMI options.
Once you have submitted your verification details along with required documents and income proofs, your Home Loan will be sanctioned in the quickest possible time with minimal hassles.
Not just loan disbursal, but the loan repayment process has also been kept equally simple at HDFC Bank. We offer various modes for repayment for the sake of your convenience. You may issue standing instructions to your bank to pay the instalments through the Electronic Clearing System (ECS), opt for direct deduction of monthly instalments by your employer or issue post-dated cheques from your salary account.
If you are an existing customer of the bank, you can give us standing instructions to repay your Home Loan EMIs directly from your HDFC Bank Savings Account. This will save you the hassle of procuring, signing, and tracking post-dated cheques.
Individual Home Loan borrowers can also prepay the Rs 10 Lakh Home Loan fully or partially to HDFC bank without paying prepayment charges.
To know more about your Rs 10 Lakh EMIs, you can use the HDFC Bank Home Loan EMI Calculator. It will help you calculate Rs 10-Lakh Home Loan EMIs for 5 years or more.
With such features and benefits, Rs 10 Lakh Home Loan from HDFC Bank can truly prove to be a game-changer for your stalled home-purchase plans. So, be wise and save money by grabbing the best Home Loan product in the market.
To apply for a Home Loan from HDFC Bank, click here to get started!
Read more about floating and fixed Home Loan interest rates here.
*Terms and conditions apply. Home Loan at the sole discretion of HDFC Bank Limited. Loan disbursal is subject to documentation and verification as per Banks requirement.