HDFC Bank Best Home Loan Rate of Interest 8.35% 2024 – Low Rates

Solution4Finance is a leading independent mortgage broker, specializing in matching home buyers with the best home loan interest rates. We offer rates as low as 8.40% (May 2023) with instant approval, fast disbursement, and minimum interest rates. HDFC Bank offers a home loan interest rate of 8.35% for 2024.

HDFC Bank Best Home Loan Services

The HDFC Bank Best Home Loan process begins with the applicant filling out an application form online or at a branch, followed by a preliminary eligibility check based on factors like credit score and income. If eligible, the applicant submits necessary documents for verification, including identity, address, income proof, and property details. Upon successful verification, the loan is sanctioned with specified terms and conditions, and the final step is the disbursement of the loan amount, ensuring a smooth and transparent experience for the borrower.

Solution4Finance provides you with the best home loan services in Gurgaon, Delhi, Faridabad, Noida, and Ghaziabad. We ensure you get the minimum interest rate compared to the market.

Free Advice and Eligibility Check

You can take free advice through Solution4Finance, where you can check home loan eligibility and criteria. We offer multiple bank and NBFC options to choose the best deal. Our expert team will suggest the best options according to your profile, income, and property.

Home Loan Eligibility

Home loan interest rates primarily depend on the individual’s income and repayment capacity. Other factors include age, financial position, credit history, credit score, and other financial obligations.

Available Home Loan Options:

1.Purchase
2.Construction Loan
3.Home Loan Balance Transfer
4.Home Loan Top-Up
4.Home Loan Interest Rates

Interest Rate Types:

Regular interest rate (for salaried borrowers): 8.35% to 8.55%
Regular interest rate (for self-employed borrowers): 8.50% to 8.65%

Home Loan Charges

Processing fees (for salaried borrowers): Up to 0.20%
Processing fees (for self-employed borrowers): Up to 0.25%
Stamp duty: Depends on the bank
Part payment charges: Nil
EMI bounce charges: Depends on the bank

Home Loan Eligibility Criteria

Home Loan eligibility depends on factors such as monthly income, current age, credit score, fixed monthly financial obligations, credit history, and retirement age.
Eligibility Criteria:

For salaried applicants:

Nationality: Indian
Age: 23 to 62 years
Minimum work experience: 2 years
Minimum monthly salary: Rs. 25,000
Minimum property value: Rs. 10 lakh

For self-employed applicants:

Nationality: Indian
Age: 25 to 70 years
Minimum business continuity: 3 years

Calculate hdfc bank Home Loan EMI

Determine how much EMI you can comfortably pay and choose your loan amount accordingly. Use our EMI Calculator to check EMI by selecting the loan duration and interest rate.

Documents Required for Home Loan

General Documents:
KYC documents
Identity proof
Address proof

Business proof (if self-employed)>/h4>
Bank account statements of the past 6 months
Latest salary slips or Form 16
Photograph

For Salaried Applicants:

One passport-size photo
Identity proof (PAN card and Aadhar card)
Current address proof
Company ID card and last 2 years Form 16
6 months bank statement
Last 3 months salary slips

How to Apply for a Home Loan

Provide necessary information about your employment, financial, and personal details.
Submit property-related documents.
Our team will upload all documents online and get sanction within 3 to 5 working days.
For loan disbursement, pay the margin money to the seller and submit documents to the bank to issue the cheque.