Nothing beats the joy of having your own home, which is why we help you find the perfect one. If you are an agriculturist looking for a dream home in the rural or in urban areas, we make it easy to fulfill your dream. Based on the agricultural land you own and the crops you cultivate, HDFC Bank's Rural Housing Finance provides you with the Home Loan perfectly suited to fit your needs. We also offer Home Loans to salaried and self-employed individuals wishing for a space of their own in their home town or village.
18-70 years
Salaried / Self Employed / Agriculturists
Resident Indian
Up to 30 years
Higher loan eligibility with an earning co-applicant.
HDFC Bank will determine your Home Loan Eligibility largely by your income and repayment capacity. Other important factors include your age, qualification, number of dependants, your spouse's income (if any), assets & liabilities, savings history and the stability & continuity of occupation.
EMI refers to the ‘Equated Monthly Installment’ which is the amount you will pay to us on a specific date each month till the loan is repaid in full. The EMI comprises of the principal and interest components which are structured in a way that in the initial years of your loan, the interest component is much larger than the principal component, while towards the latter half of the loan, the principal component is much larger.
You can apply for a Home Loan at any time once you have decided to purchase or construct a property, even if you have not selected the property or the construction has not commenced.
‘Own Contribution’ is the total cost of the property less HDFC Bank home loan.
For your convenience, HDFC Bank offers various modes for repayment of your house loan. You may issue standing instructions to your banker to pay the installments through ECS (Electronic Clearing System), opt for direct deduction of monthly installments by your employer or issue post-dated cheques from your salary account.
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 Bank.
All the information contained herein above is for awareness and customer convenience and is intended to only act as an indicative guide about HDFC Bank's products and services. For detailed information about HDFC Bank's products and services kindly visit the nearest HDFC Bank branch.
Click here for the Most Important Terms and Conditions pertaining to your loan.
