At HDFC, we understand the amount of hard work you have put in and the number of hardships and challenges you may have had to defy on your way to be able to reach so far in life. Now it’s time to create your own home, a warm little corner in the world that is yours, tailored by your tastes and needs. There is no place like ‘home’ and with HDFC Reach Home Loans you can gather hopes, achieve your dreams and create memories in your own space.
You can apply individually or jointly for Home and Plot Loans. All proposed owners of the property will have to be co-applicants. However, all co-applicants need not be co-owners. Generally co-applicants are close family members.
| Loan Amount | Maximum Funding* |
|---|---|
| Up to Rs.35 lacs |
Salaried Individuals, for Reach Home loans - 80% of the property cost Non Residential Premises Loans and Plot Loans - 60% of the property cost |
| Up to Rs.35 lacs |
Self-Employed Professionals & Non Professionals, for Reach Home Loans - 80% of the property cost Non Residential Premises Loans ans Plot Loans - 60% of the property cost |
*Subject to market value of the property and repayment capacity of the customer, as assessed by HDFC.
RPLR: 16.30%
| Loan Slab | Interest Rates (% p.a.) | RPLR minus Spread |
|---|---|---|
| Up to Rs. 35 lacs | 11.55 or 12.55 | RPLR - (4.75 or 3.75) |
RPLR: 16.30%
| Loan Slab | Interest Rates (% p.a.)* | RPLR minus Spread |
|---|---|---|
| Up to Rs. 35 lacs | 11.55 or 12.55 | RPLR - (4.75 or 3.75) |
RPLR: 16.30%
| Loan Slab | Interest Rates (% p.a.) | RPLR minus Spread |
|---|---|---|
| Up to Rs. 35 lacs | 14.50 | RPLR - (1.80) |
RPLR: 16.30%
| Loan Slab | Interest Rates (% p.a.) | RPLR minus Spread |
|---|---|---|
| Up to Rs. 35 lacs | 14.50 | RPLR - (1.80) |
The above rates are subject to change without notice.
Following are the documents you would need to submit for all applicants / co-applicants along with the completed and signed Application Form for loan approval:
| Purpose | Documents for Salaried | Documents for Self-Employed |
|---|---|---|
| Proof of both identity and residence (any 1) |
For the complete list of KYC documents click here |
For the complete list of KYC documents click here |
| Proof of income (If Available) |
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| Other documents (If Available) |
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All documents to be self attested.
The above list is indicative in nature and additional documents can be asked for.
The following is an indicative list of fees / other charges / outgoings that are payable depending on the nature of the loan availed (*):
For Reach Home loans and Reach Plot Loans
For Salaried, Self-Employed Professionals & Non Professionals
Up to 1.50% of the loan amount, plus applicable taxes.
For Reach Non Residential Premises Loans
For Salaried, Self-Employed Professionals & Non Professionals
2% of the loan amount, plus applicable taxes.
No prepayment charges shall be payable on account of part or full prepayments.
No prepayment charges shall be payable for part or full payments made from own sources. The expression ‘own sources’ for this purpose means any source other than borrowing from a Bank / Housing Finance Company (HFC) / Non Banking Financial Company (NBFC) or Financial Institution. The prepayment charge shall be 2%, plus applicable taxes, of the outstanding amounts being so prepaid through refinance from any Bank / HFC / NBFC or Financial Institution (such amounts shall include all amounts prepaid during the given financial year).
You shall be required to submit a Prepayment Request Letter along with copies of your Bank Statement or any other document that HDFC deems necessary to ascertain the source of funds used for the prepayment.
We offer our existing customer the option to reduce the applicable rate of interest on the Reach Home Loan/Plot Loan/NRP Loan (by changing the spread or switching between schemes) through our Conversion Facility. You can take advantage of this facility by paying a nominal fee and opt for either reducing your monthly instalment (EMI) or loan tenure. Terms and conditions apply. The following options of conversion are available to an existing customer of HDFC:
The fee payable to avail the conversion shall be 0.25% plus applicable taxes of the principal outstanding
Rs. 200**
Fees on account of external opinion from advocates / technical valuers, as the case may be, is payable on an actual basis as applicable to a given case. Such fees is payable directly to the concerned advocate / technical valuer for the nature of assistance so rendered.
The customer shall pay the premium amounts directly to the insurance provider, promptly and regularly so as to keep the policy / policies alive at all times during the pendency of the loan.
Delayed payment of interest or EMI shall render the customer liable to pay additional interest up to 24% per annum.
Incidental charges & expenses are levied to cover the costs, charges, expenses and other monies that may have been expended in connection with recovery of dues from a defaulting customer. A copy of the policy can be obtained by customers from the concerned branch on request.
All applicable charges on account of Stamp Duty / MOD / MOE / Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) or such other statutory / regulatory bodies and applicable taxes shall be borne and paid (or refunded as the case may be) solely by the customer. You may visit the website of CERSAI for all such charges at www.cersai.org.in
Up to Rs.500
Up to Rs.500
Up to Rs.200
Up to Rs.200
Up to Rs.2,000 plus applicable taxes
Up to Rs.500 plus applicable taxes
(*) the contents of the above are subject to change from time to time and the levy of the same shall be at such rates as may be applicable as on the date of such charge.
**Conditions apply.
Security of the loan would generally be security interest on the property being financed and / or any other collateral / interim security as may be required by HDFC.
