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Home > Home Loans > Rural Housing Finance - Features

Rural Housing Finance Features
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HDFC offers home loans in rural areas for:
  • Construction of Houses on plot owned by you
  • Addition of more rooms or floors to your existing house
  • Renovation & Improvement of your house
  • Purchase of a new house
Features

For Agriculturists:

If you are a farmer/planter/horticulturist/dairy farmer etc. having your own land and looking to have your own home, get in touch with us.

  • Specially Designed Housing Loans for Agriculturists.
  • Loan eligibility on the basis of land owned by you and the crops being cultivated.
  • Housing Loan in residential area of your own village
  • Loans for buying house or flat in city of your choice
  • ...and many more.

For Salaried & Self Employed:

Everyone wants a place to call home, and then what better place than your village or town to own one.

  • Housing Loans for homes in rural areas for Salaried persons
  • Housing Loans for homes in rural areas for Self Employed Businessmen or Self Employed Professional.

  • 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.