NRI (Non Resident Indian) Home Loans

Features

Maximum loan
80% of the cost of the property (including the cost of the land) and based on the repayment capacity of the customer.
Maximum Term
Certain Professionals - 20 years
Others - 7 years
Applicant and Co- Applicant to the loan
Home Loans can be applied for either individually or jointly. Proposed owners of the property, will have to be co-applicants. However, the co-applicants need not be co- owners.
Adjustable Rate Home Loan
Loan under Adjustable Rate is linked to HDFC's Retail Prime Lending Rate (RPLR). The rate on your loan will be revised every three months from the date of first disbursement, if there is a change in RPLR, the interest rate on your loan may change. However, the EMI on the home loan disbursed will not change*. If the interest rate increases, the interest component in an EMI will increase and the principal component will reduce resulting in an extension of term of the loan, and vice versa when the interest rate decreases.
* Conditions Apply

Interest Rate


Wef : 6th Feb 2013	RPLR: 16.40%

Loan Slabs	Applicable Variable rates % ( Monthly Rest Basis )	Basis : RPLR minus Spread
Upto and including Rs 30 lacs	10.15% to 10.65%	RPLR - 6.25 to - 5.75
Over Rs. 30 lacs	10.40% to 10.90%	RPLR - 6.00 to - 5.50

The above rates are subject to change without notice.

TruFixed Home Loan
Under this product the customer has the option to choose a Fixed Interest Rate Period (FIRP) between 3 to 10 years . Post the fixed rate period the loan will automatically convert to a variable rate product. The customer also has the option, subject to our eligibility norms to take a complete fixed rate term product for a fixed term of 3 to 10 years. Or, he can avail a long term loan of 15 to 20 years with a part fixed and part floating for the entire tenor of the loan. The full disbursement of the loan, irrespective of the fixed period chosen, shall have been availed within the first 3 years from the date of first disbursement of the loan. Post the fixed rate period the interest rates applicable on the loan shall be the then applicable HDFC RPLR minus the spread as applicable currently on the loan amount being availed under this product.

The applicable interest rates in the Fixed Interest Rate Period (FIRP) are linked to sanctioned loan amount and as per details given below:

Loan Slabs	Interest Rates during the Fixed Interest Rate Period ( % )
Upto and including Rs 10 lacs	10.75
Rs.10.01 lacs to Rs.75 lacs	11.00
Over Rs.75 lacs	11.25

Eligibility
The product is available to salaried and self-employed customers subject to file being logged in on or before April 30th, 2013 with an end date for the first disbursement on or before May 31st, 2013.

Purpose

Purchase of
- Flat, row house, bungalow from developers
- Existing freehold properties
- Properties in an existing or proposed co-operative housing society or apartment owner's association
- First Power of Attorney purchases in Delhi for DDA flats allotted before 1992.