SYNOPSIS

  • It is super easy and convenient to Apply for Home Loan online.
  • In addition to the prevailing benefits of availing a home loan, there are 3 Key Benefits of becoming a homeowner in present times.
    1. Multiple options for homebuyers in the affordable home segment.
    2. GST rates on home purchase have been reduced significantly.
    3. Home loans have become very affordable today with low interest rates.
  • Now’s a good time to become a homeowner; take the first step today.

‘Home’ brings to mind comfort, joy, pride and family time. Every homeowner will tell you that her home gives her a sense of identity and its ownership is sacrosanct; this is one asset she would never trade for anything in the world.

To experience this sense of ownership, pride and joy, now would be a good time to plan your home purchase. Becoming a homeowner needn’t be hard on your pocket. You can Apply for Home Loan and bring alive your dream of owning a home. There are numerous benefits of availing a home loan; you get tax benefits on interest paid and loan amount repaid; with a Home Loan Apply to achieve homeownership today instead of in future; the home loan provider assists you in terms of assessing the builder’s credibility and track record and the legal documents pertaining to the building.

In addition to these benefits, there are 3 key benefits of becoming a homeowner in present times:

1. Low property prices: Now homebuyers have multiple options in the affordable home segment. This has a two-pronged benefit for a home buyer – on one end, she can afford a larger home or purchase a home for a lower amount than she had budgeted. On the other end, she can enjoy other benefits of buying a home with a home loan such as tax benefits, paying a small amount as down payment and using a home loan to pay the rest, longer loan repayment tenure of up to 30 years etc.

2. Reduction in GST rates on home purchase: GST (Goods and Services Tax) rates on home purchase have been reduced significantly. Currently, GST rate levied on purchase of residential homes is 5 per cent (1 per cent for affordable homes) without the benefit of input tax credit (ITC). Purchasing a home today will give you the benefit of these low rates.

3. Low interest rates: Home loans have become very affordable today with interest rates moving downward in the recent past. Lower interest rates result in lower EMI amounts which makes home loans more attractive and affordable.

The key benefit of a home loan is that you can become a homeowner today and you needn’t wait to accumulate sufficient capital to make your home purchase. Additionally, your home loan repayment tenure can extend up to 30 years depending on your loan eligibility and other norms of the home loan provider (the longer your loan tenure, lower is the EMI amount). This gives you the comfort of repayment over a long period without putting pressure on your finances.

While you may be convinced about the need to consider becoming a homeowner today, you may wonder how to go about availing a home loan, which is one of the first steps to your home purchase. One of the simplest ways to avail a Home Loan, Apply Online. When you Apply for Home Loan Online, you can make your application with a few simple steps. For instance, HDFC’s online application for a home loan is quick and easy. All it requires you to do is visit www.hdfc.com, check your loan eligibility, fill in the property details (if you have made your selection), fill the loan application form with your personal details (name, age, income details, etc.), upload your documents (identity proof, address proof, income tax returns, etc.) and submit. On receiving your loan application, HDFC instantly initiates the processing of your loan and reverts with the loan approval and other terms.

To reiterate, now’s a good time to make the big decision of becoming a homeowner; take the first step today.

Also Read - Home Loan Process

YOU MAY ALSO LIKE

property and real estate

Stamp Duty and Property Registration in Mumbai

A home loan, which is also sometimes known as a house loan or a housing loan, is an amount of money

property and real estate

The ultimate guide to MahaRERA Registration

The Real Estate (Regulation and Development) Act, 2016 has been in force since May 20171. This…

property and real estate

Reduction in GST Rate on Housing

The Goods and Services Tax (GST) Council, in its 33 rd meeting, announced reduction of GST rates for

Popular Blogs

The benefits of applying for a home loan in present times

Home brings to mind comfort, joy, pride and family time. Every homeowner will tell you that her...

Applying for a home loan - online vs offline

Advances in technology have resulted in so many benefits – one needn’t step out to buy groceries or

How to apply for home loan online

Using the online route to make your purchases, make payments, do your banking and other tasks is con

Stamp Duty and Property Registration in Mumbai

A home loan, which is also sometimes known as a house loan or a housing loan, is an amount of money

The ultimate guide to MahaRERA Registration

The Real Estate (Regulation and Development) Act, 2016 has been in force since May 20171. This law w

Reduction in GST Rate on Housing

The Goods and Services Tax (GST) Council, in its 33 rd meeting, announced reduction of GST rates for

Choosing The Right Blinds!

With so many options available, where does one start shopping for the perfect set of...

Evaluating An Interior Designer

Sonika Das is an Architect and Interior Designer with several years of experience. She shares her id

5 Stunning Staircases to Fall in Love With!

Now here’s a home feature that has a surprising amount of potential to be creative with. If you’re l

5 mistakes to avoid while taking a Loan Against Property

All of us could face cash flow challenges at some point in life – some may need cash for personal us

All you wanted to know about Loan Against Property

Loan against property gives you access to immediate funds by placing your property as collateral...

Housing Finance Companies Offer a Lot More Than Just Home Loans

Most of us think of a housing finance company when we want a home loan – and it’s only logical to...

Please share your details to get a call from our Loan Expert!

Thank you!

Thank you!

Our Loan Expert will call you soon!

OK

Something Went Wrong!

Please Try Again

Ok

LOOKING FOR A NEW HOME LOAN?

Just give us a Missed Call on

Phone icon

+91-9289200017

PAY FAST

LOAN TENURE

15 Years

Interest Rate

8.50% p.a.

MOST POPULAR

LOAN TENURE

20 Years

INTEREST RATE

8.50% p.a.

TAKE IT EASY

LOAN TENURE

30 Years

INTEREST RATE

8.50% p.a.

For credit score of 800 and above*

* These rates are as on today,

Not sure what's right for you?

Banner
"Appreciate the quick service and understanding at HDFC Housing Finance"
- Avinashkumar Rajpurohit,Mumbai

Thank you for sharing your details

198341
198341
198341
198341
View Amortization Schedule

EMI break-down chart