What Should You Know About The Home Loan Up To 15 Lakh

Buying a house is a dream-come-true moment for most of us. Everyone wants to live under a roof that they can call their own. But the rising real estate prices can sometimes make this dream look a distant possibility to many prospective buyers. If you are one among them, we are here to help.

You can apply for a Rs 15 Lakh Home Loan with HDFC Bank without any hassles and in the quickest possible time. The loan can fund the financial shortfall that you face while buying a new house.

Here is more about this loan. 

What is the Rs 15 Lakh Home Loan? 

The Rs 15 Lakh Home Loan by HDFC Bank is essentially a financial aid that helps you buy your house. You can use this loan for purchasing both an under-construction or a ready-to-move-in property from a developer. You can also avail of the Rs 15 Lakh Home Loan if you buy a resale property or construct your housing unit on a plot of land.

If you are not planning to buy a new house but want to renovate your existing home, you can do so with the Home Improvement Loan from HDFC Bank.

Or you can even opt for a Home Extension Loan for adding more space to your existing house. 
For instance, if you have a large family, and a room or two is required, the Rs 15 Lakh Home Loan from HDFC Bank can serve the purpose for you. You can even utilise this loan to build small personal office space in your house.

The best part about availing Rs 15 Lakh Home Loan from HDFC Bank is that you can apply for it online. The online application requires minimal documentation, and the entire process will only take a few minutes to complete. 

Applying for an HDFC Bank Home Loan from an online medium comes with many added advantages, such as attractive interest rates and quick processing of your application.

What is the repayment schedule?

The Rs 15 Lakh Home Loan from HDFC Bank also offers you flexible repayment tenures. This gives you the benefit of customising your repayment options to suit your needs and comfort. So, you can either repay the loan within a year, pay your 15 Lakh Home Loan EMIs for 10 years, or more. 

You can use the HDFC Bank 15 Lakh Home Loan EMI Calculator to get an idea of your monthly instalments. You have to enter your loan amount and your desired tenure (ranging from 1 to 30 years). Once you fill in this information, your tentative EMI amount will be displayed on your screen.

The repayment process of Rs 15 Lakh Home Loan has also been kept extremely simple for the convenience of customers. HDFC Bank offers various modes for repayment. 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 HDFC Bank customer, you can give us standing instructions to repay your Home Loan EMIs directly from your HDFC Bank Savings Account. This will help you save you the trouble of procuring, signing, and tracking post-dated cheques.

So, now that you know how easy it is to apply for Rs 15 Lakh Home Loan with HDFC Bank, what are you waiting for? Reach out to your nearest HDFC Bank and take a step further towards the house of your dream.

Looking to apply for a smaller Home Loan? Click here to read more on how to apply for a 10 Lakh Home Loan 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.