HDFC Home Loan

Buying your dream homes was never so easier

Want to realize your long-cherished dream of buying a home? Choose HDFC Bank Home Loan and see it finding life. Home loans are available at 7.55*% P.A

Apply Now Contact Us
HDFC Home Loan

 

Eligibility & Documentation


If you are looking to avail HDFC home loan, it is necessary for you to be aware of its eligibility criteria and required documents. This would help you avoid unnecessary waste of time and effort. The eligibility criteria for HDFC bank home loans are quite similar to that of other home loans available in the market. Let’s have a look at it below.

 

HDFC Bank Home Loan Eligibility Criteria

 

· Present Age and Remaining Working Years: The age of the applicant plays a major role in determining home loan eligibility. The maximum loan term is generally capped at 30 years.

 

· Age Limit for Salaried Individuals: 21 to 65 years.

 

· Age Limit for Self-Employed Individuals: 21 to 65 years.

 

· Minimum Salary: ₹10,000 p.m.

 

· Minimum business income: ₹2 lac p.a.

 

· Maximum Loan Term: 30 years.

 

· Financial Position: The present and the future income of the applicant(s) has a major impact on ascertaining the loan amount.

 

· Past and Present Credit History and Credit Score: A clean repayment record is considered positive.

 

· Other Financial Obligations: Existing liabilities such as a car loan, credit card debt, etc.

 

 

Documents Required To Avail HDFC Bank Home Loan

 

 

Salaried Individuals

Self-Employed Individuals

 

Identity Papers

PAN Card

PAN Card

 

 

Aadhaar Card

Aadhaar Card

 

 

Passport (Valid)

Passport (Valid)

 

 

Driving License with Photo

Driving License with Photo

 

 

Voter’s Identity card issued by the Election Commission of India

Voter’s Identity card issued by the Election Commission of India

 

 

Job Card issued by NREGA duly signed by an officer of the State Government

Job Card issued by NREGA duly signed by an officer of the State Government

 

Address Proof

Aadhaar Card

Aadhaar Card

 

 

Passport (Valid)

Passport (Valid)

 

 

Driving License with Photo

Driving License with Photo

 

 

Voter’s Identity card issued by the Election Commission of India

Voter’s Identity card issued by the Election Commission of India

 

 

Job Card issued by NREGA duly signed by an officer of the State Government

Job Card issued by NREGA duly signed by an officer of the State Government

 

 

Letter issued by the National Population Register containing details of name and address

Letter issued by the National Population Register containing details of name and address

 

Income Documents

Salary slip for the past 3 months

Income Tax Returns for latest 2 years

 

 

Form 16

Profit/Loss statement and balance sheet for the past 2 years

 

 

 

 

 

Bank Account Statement

Latest 6 months’ bank statement showcasing salary deposits.

Operative bank account statement for the latest 6 months.

 

 

*The aforementioned list of documents for an HDFC Bank home loan is suggestive. Extra documents may be needed at the time of loan processing.

eligibility

How to improve your HDFC Home Loan Eligibility?

Follow these tips to improve your HDFC Home Loan Eligibility –

Get Rid of Debts

Maintain a good repayment history by paying off your existing loans and liabilities on time without defaulting

Maintain a good CIBIL Score

Try to build a CIBIL score above 750

Do not apply for multiple loans simultaneously

Apply for a loan that fits your needs, raising multiple loan applications can decrease your credit worthiness

Choose a longer loan tenure

Opt for a longer repayment tenure that will allow you to disburse the overall due amount over a longer time span. This will also help in reducing the EMI amount.

Add Co-applicants

A co-borrower (a spouse, or parent) with a good income and credit score will boost your eligibility for a bigger loan amount.

improve-eligibility

Here's what our customer have been saying about us

Our partners from across the industry

We collaborate with the best and biggest in the banking & financial world to get you relevant products at great rates.

Apply Now
indiabulls city-bankidfc-bank poonawala-fincorp
standard-charted bajaj indusind kotak chola lending-kart fullerton-india icici axis
partner-mobile

Your Data Is Secure With Us.

We employ best-in-class security practices and procedures to keep your information secure every time.

security-icon-1

Security

From taking regular backups to using stronger passwords, we strictly prohibit any kind of unauthorized access of your crucial data, corruption, or theft throughout its life cycle.

security-icon-2

Privacy

We identify all the different ways your privacy could be at risk and have prepared safeguards to help you protect yourself online with us. Your privacy is important to us.

security-icon-3

Compliance

We are ISO 27001:2013 and SOC2 Type 2 compliant which instills trust into the hearts of our customers. We are secured with SSL and a certified GSP (GST Suvidha Provider).

Recent Blogs

See More

Our blogs are where you get the latest news along with insights from industry experts.

Business Finance
Insurance

Business Finance

By My mudra

02-08-2022

Personal Loan
Insurance

Personal Loan

By My mudra

02-08-2022

loan against property
Insurance

loan against propert...

By My mudra

02-08-2022

Home Loan and Home Renovation Loan
Insurance

Home Loan and Home R...

By My mudra

20-07-2022

Teaching Personal finance to our kids 
Insurance

Teaching Personal fi...

By My mudra

07-06-2022