Loan Details
Bank Name
HDFC Bank
Maximum Loan Tenure
Up to 30 years.
Maximum Loan Amount
Not specified by the bank.
Interest Rate
9.40% to 10.75% per annum.
Type
Floating
Down Payment
Loans up to and including ₹30 lacs: 90% of the property cost.
Loans from ₹30.01 lacs to ₹75 lacs: 80% of the property cost.
Loans above ₹75 lacs: 75% of the property cost.
Fees and Charges
Processing fees- For salaried, self-employed professionals: Upto 0.50% of the loan amount or Rs. 3000 whichever is higher, For self-employed non-professionals: Upto 1.50 % of the Loan amount or Rs. 4500 whichever is higher.
Pre-payment charges: NIL for floating interest rate.
Late payment charges: A maximum of 18% per annum on overdue instalment amounts.
Legal charges: At actuals.
Stamp Duty and registration charges: At actuals.
Minimum CIBIL Score
Not specified by the bank.
Down Payment and Fees
Rural Housing Loan
Special Features
No requirements for Income Tax Returns for Agriculturists.
Eligibility Criteria
Age: 18-70 years.
Profession: Salaried/Self-Employed/Agriculturists(Farmers, Horticulturists, Planters, Dairy Farmers, Fish Farmers etc.)
Nationality: Resident Indian.
Special Concession
No
Home Saver Option
No
Features, Eligibility and Concession
Pros
Available for Agriculturists.
Loan tenure of up to 30 years.
Cons
Low LTV ratio.
No Home Saver option.
Pros & Cons
Application Procedure
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