How HDFC Home Loan Can Help You Build Your Dream House!

1. How HDFC Home Loan Can Help You Build Your Dream House! It is close to impossible to finance your dream house by yourself. This is because purchasing or constructing a house is a capital intensive process. You do need financial support to build the house of your dreams. There’s a profusion of home loan options in the market, but not every home loan is an affordable option for financing your house. In terms of affordable loan, HDFC home loan has emerged as a promising player. HDFC, one of the leading private sector banks, provides attractive customized home loan packages for people of different professions. It provides loan amount at low interest rates so that repaying the loan doesn’t feel like much of a burden Let’s get to know what it is about HDFC home loan that makes it such an attractive loan option. What are the Features of HDFC home loan? Loans For Every Need: ​Where other banks and NBFCs are offering home loans only for constructing a new house or purchasing a new one, HDFC is being innovative in its approach by launching various types of home loans for every need. Apart from the regular ​home loan​ option for purchasing or constructing, HDFC Banks provides Home Improvement Loans and Home Extension Loans.​​These loans help you to renovate your existing house to a whole brand new house and by availing extension loans you can make your existing house bigger. Affordable Interest Rates:​ Unlike other lending institutions whose interest rates are skyrocketing so much that it is restricting the customer from living his present life peacefully. As stated earlier, ​HDFC home loan​ is a friendly option, it offers support to realize your dreams as soon as possible. It offers home loans at interest rates starting from 8.25% onwards to 9.30% per annum. There’s an additional provision for women through which HDFC Bank offers them a lower rate of interest than others. Customized loan for different Occupations​: HDFC Bank has different home loan packages for different occupations. There is a special home loan scheme for agriculturists, horticulturists, planters and daily farmers. By availing this loan, farmers can purchase or construct a home of their choice in any city or town. And the farmer can avail the loan without mortgaging his agricultural land.

2. Transparency in Charges: ​Some lending institutions may try to be evasive about some of the charges in relation to home loans. These charges can disrupt all your plans to build or purchase your new home. But, HDFC home loan likes to keep all the fees and charges on the table, whether it’s a matter of processing fee or pre-payment charges. Once these charges are in front of you, the call is yours to take. Counselling and Advisory Services: ​There’s a team of skilled professionals set up by HDFC Bank to assist customers with any doubts related to HDFC Bank home loan. Whether it is something you want to know about the interest rate or how much loan amount you’ll get based on your salary, the counselling and advisory team answers everything. Advisors also assist you with the property you are going to buy by disseminating valuable information about them. Repayment Through Automated EMIs: ​It’s like HDFC is on a mission to serve its customer holistically. To give a 360 degree experience to the customer​​in regards to their home​​loans, HDFC bank provides automated repayment of EMIs facility wherein the customer can give standing instructions to the Bank to deduct certain amount of funds every month from the customer’s account towards the repayment of loan.