HDFC Bank Home Loan Up To 20 Lakh: How To Apply For It?

Money is a key factor when you are buying a house. As you set out to buy a home, the first thing you do is decide on a budget and then look for a property accordingly. Many times, people compromise on specific aspects of the house they buy because of budgetary constraints. 

The compromise could be the location, the area of the property, one extra room, front balcony, terrace rights, construction quality, modern amenities, and so on.

If you, too, are giving up on your “first choice” due to financial reasons, then maybe it is time to apply for the Rs 20 Lakh Home Loan by HDFC Bank. The loan is thoughtfully designed to help you with funds to buy your dream home and beautify it further with some spare cash to spend.

More about this loan:

You can avail of the Rs 20 Lakh Home Loan from HDFC Bank to purchase a new or resale house. With this loan, you can also build your home on a plot of land.

HDFC Bank allows you to apply for a pre-approved Rs 20 Lakh Home Loan that you can get sanctioned before selecting the property. The pre-approved loan is given on the basis of your:

  • Income 

  • Creditworthiness 

  • Financial position

It is valid for 6 months from the date of sanction of the loan. Once your loan is approved, you can purchase a house, flat or a plot of land within the timeframe of 6 months.

HDFC Bank offers attractive interest rates on Rs 20 Lakh Home Loan along with flexible repayment options. With the help of the HDFC Bank Home Loan EMI calculator, you can set pocket friendly EMIs on your Home Loan that you can comfortably pay month after month.

You can also calculate the Rs 20 Lakh Home Loan EMI for 10 years or select your tenure as per your repayment capacity.

HDFC Bank also offers the benefit of low processing charges, with special concessional fees for government employees. The bank will mention all the charges upfront while giving you the Rs 20 Lakh Home Loan quote. So, you do not have to worry about any hidden costs as well.

How to apply for this Home Loan?

Follow these simple steps:

  1. Visit the official HDFC Bank website to apply for Rs 20 Lakh Home Loan. 

  2. Key in your verification details. 

  3. Upload the required documents. 

  4. Pay the processing fees. 

Once these steps are completed, the bank will verify your details and sanction the loan. The digital application process is seamless; however, if you are not comfortable with the online process, you can also opt for a call-back from an HDFC Bank sales representative.

At our bank, you will get expert advice and unmatched service at every step, with minimal and hassle-free documentation and quick processing of your Home Loan.

If you have already availed of a Home Loan but are not happy with your current lender, you can apply for a loan balance transfer of Rs 20 Lakh at HDFC Bank. Balance loan transfer means you can transfer your outstanding Home Loan amount from another financial institution or bank to HDFC Bank. Generally, this option is opted to take advantage of lower interest rates or better services offered by the latter bank.

So, what are you waiting for? Contact HDFC Bank to apply for your Home Loan now and set the ball rolling for your new abode.

Looking to apply for a 10 Lakh Home Loan? Click here to read more! Read more on how to apply for a 25 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.