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Hdfc home loan Gurgaon-Delhi/Faridabad/Sohna

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Hdfc bank home loan

We are pleased to announce that Home Loans Sales team can now start sourcing Plot Loans.
Enclosed below are the product features and important information on Plot Loans.
Very Important: HDFC Bank Home Loans Sales Team will not source Balance Transfer Cases of Plot Loans.
Product : Plot Loan in Gurgaon , Delhi , Faridabad , Sohna and Nuh,

Max. Term : 15 Years
LCR / LTV Norms :
0.00 to 75.00 Lakhs : 80 %
75.00 Lakhs & above : 75 %
( For Resale Plot Loans : If LTV is <= 75 % / 80 %, 90 % LCR can be offered – irrespective of loan amount )
Processing Fee : ( as per prevailing offer )
Employed : Rs 3000 + GST
Self Employed : 0.25 % of the loan amount + GST
Acquiring Mode : Direct Purchase & Resale ( Refinance not allowed for loans sourced by HDFC Bank Ltd )
Product available for : Both Resident / Non Resident Indians & Residential / NRP ( Commercial ) Plots
Minimum Plot Area Allowed : 100 metres ( But even smaller Plot areas can be considered with approval from Technical Department )

Product : Plot Equity Loan

# Variant 1 :
Plot Equity Loan with Plot Purchase ( Simultaneous Application )
Max. Term : 15 Years
LTV Norms : 70 % of the property Value ( irrespective of loan amount )
Processing Fee : ( as per prevailing offer ) – Employed / Self Employed : 0.50 % of the loan amount + GST
Acquiring Mode : Direct Purchase & Resale ( Refinance not allowed for loans sourced by HDFC Bank Ltd )
Product available for : Resident Indians Only & Residential Plots Only
Rate of Interest : 0.10 % higher than the simultaneous Plot Loan Rate.

Illustration :
Market Value of the Property : Rs 1.00 Cr. ( As appraised by HDFC Technical Department )
Documented / Registered Value of the Property : Rs 50.00 Lakhs
Plot Loan Possible : 80 % of Documented / Registered Value ( Rs 50.00 Lakhs ) = Rs 40.00 Lakhs
Plot Equity Loan Possible ( With Plot Purchase ) : 70 % of the Market Value ( Rs 70.00 Lakhs ) Minus ( – ) Plot Loan Amount ( Rs 40.00 Lakhs ) = Rs 30.00 Lakhs

Variant 2 :

Plot Equity Loan ( On a Pre-owned Peice of Land – Residential / NRP )
Max. Term : 15 Years
LTV Norms : 40 % of the Property Value ( irrespective of loan amount )
Processing Fee : ( as per prevailing offer ) – Employed / Self Employed : 0.50 % of the loan amount + GST
Product available for : Resident Indians Only & Residential / NRP ( Commercial ) Plots
Plot Type : Plot should be identifiable, Marketable & Should be a part of residential township developed by good developer / development authority. # Refinance of Plot Equity Loans is also not allowed for HDFC Bank Ltd. .

Plot Loan Rates are same as Home Loan Rates and documentation is also almost the same.

Hdfc home loan Gurgaon-Delhi/Faridabad/Sohna

Contact for More Info 9718948002//9953727702

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