Home Loan Up To 25 Lakh By HDFC Bank: How To Apply For It?

Many of us prioritise buying a physical financial asset such as a house over everything else. But with limited savings, it can be challenging to pay a considerable sum upfront while purchasing your dream home, especially in urban areas. This is when Home Loans come in handy.

If you are also planning to buy a house but arranging for sufficient financial corpus is a task, you can apply for Rs 25 Lakh Home Loan from HDFC Bank.

More about this loan:

The Rs 25 Lakh Home Loan by HDFC Bank allows you to:

  • Buy an under-construction/ready property from a developer. 

  • Buy a resale property. 

  • Construct a bungalow on a plot of land. 

  • Make improvements and extensions to an already existing house.

The Home Improvement Loan from HDFC Bank can facilitate structural improvements to your existing house, such as:  

  • Painting 

  • Waterproofing and roofing

  • Plumbing and electrical works 

  • Tiling and flooring 

  • Window grills 

  • Aluminium windows 

  • Compound walls

You can also avail of a Home Extension Loan offered by HDFC Bank. This loan helps you with funds to add more space to your existing house to meet the growing needs of your family. For instance, you can use the loan proceeds to add one more floor, a room or a small office and extend your home as per your requirements.

HDFC Bank also provides numerous benefits to its Home Loan customers, some of them are:  

  • Seamless online application process. 

  • Quick loan processing. 

  • Attractive interest rates. 

  • Customised repayment options. 

  • Hassle-free documentation.

How to apply for this loan?

You can make a loan application either individually or jointly. Just visit the official HDFC Bank website and apply for Rs 25 Lakh Home Loan, or else you can also visit your nearest HDFC Bank branch. You will have to submit your contact and verification details along with all the required documents while submitting your loan application.

HDFC Bank will determine your Home Loan eligibility by considering factors such as:  

  • Your income. 

  • Your repayment capacity. 

  • Your age. 

  • Your qualification. 

  • The number of your dependents. 

  • The income of your spouse (if any). 

  • Your assets and liabilities.

  • Your savings history. 

  • The stability and continuity of your occupation.

If all the above factors are satisfactory, the bank will sanction and disburse your loan in the quickest possible time. Along with this, you will also get the flexibility to select your repayment tenure. 

Before signing the loan agreement, you can take the help of the HDFC Bank Home Loan EMI Calculator to get a better estimate of your monthly instalment amount. Once you enter your loan amount there, you can adjust the Rs 25 Lakh Home Loan EMI tenure to 5 years, 10 years, 15 years, 30 years or the timeframe (within 30 years) that best suits your repayment capacity. Enter the interest rate, and the screen will display your EMI amount.

Repaying the Rs 25 Lakh Home Loan will prove to be equally simple. You can issue standing instructions to your bank to pay the instalments through the Electronic Clearing System (ECS), or you can 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.

So, fast-track your home-buying plans by applying for the Rs 25 Lakh Home Loan from HDFC Bank.         

Looking for a 20 Lakh Home Loan or a 30 Lakh Home Loan? Click here to read more!

*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.