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User reviews
  • This HDFC LTD is not something which is new for me. I had taken a housing loan with HDFC LTD previously. That is why I have chosen this one. The way they responded attracted me towards them. For documents they will come to my door steps I am regularly getting my correspondence and there is no need for me to visit their office.
    06:42 PM - Dec 20, 2014

    , mumbai
    0.5 5.0/5 "Blown Away!"
  • HDFC Ltd is exceptionally very good and rate is competitive where offered 10.5% for home loan. Officers took ownership in all the aspects so satisfied with customer service. Actually for legal clearance HDFC asked me to give cheque in favor of 12,500, which is non refundable so I not interested to move further.
    05:41 PM - Dec 20, 2014

    , bangalore
    0.5 5.0/5 "Blown Away!"
  • Federal bank did offer 8 lakhs for the home loan. Rate of interest is 11% fixed and I chose this bank as the interest rate is fixed.I am not much satisfied with the customer service team as they don't provide proper solution for the queries.
    02:32 PM - Dec 20, 2014

    , chennai
    0.5 4.0/5 "Great!"
  • Rate of interest offered by HDFC LTD housing loan is reasonable. Happy with the service provided by them. Benefits offered by them was really good. It was a hassle free process and nothing is required to be done from my side and the entire thing was processed by HDFC LTD.
    02:51 PM - Dec 19, 2014

    , mumbai
    0.5 5.0/5 "Blown Away!"
  • Documentation process was smooth and executives collected all documents in one attempt. For home loan, including all charges ICICI bank has collected around 7500 and interest rate is 10.25%. They asked me to maintain adequate balance on my account 5th of every month for EMI.
    04:56 PM - Dec 18, 2014

    , pune
    0.5 4.0/5 "Great!"
  • HDFC LTD Housing finance is really good. They are very much helpful. They have given me a very good interest rate. The rate of interest offered by them is 10.15% and it is the least in the market. As of now I am unable to comment much about that as I have not used their services much.
    06:40 PM - Dec 20, 2014

    , mumbai
    0.5 5.0/5 "Blown Away!"
  • The quoted loan amount was 22lakhs and as per my expectation Axis bank delivered. Interest rate is good and the paper works were easier. Verification part was smooth for home loan process and charges are normal. Whole process was smooth and the interest rate is 10.15%.
    04:28 PM - Dec 20, 2014

    , chennai
    0.5 5.0/5 "Blown Away!"
  • AXIS bank home loan services was quite ok however documentation process kept on dragging. They had kept on calling and was asking the documents which was not a single shot. Rate of interest is as per the market rate. It would be better if the documentation process happens at a single point of time.
    12:36 PM - Dec 20, 2014

    , new delhi
    0.5 3.0/5 "Satisfactory"
  • I opted for home loan from SBI bank as the provided me with a loan for purchasing land as well. The loan policy is that if the house is not constructed in 2 years then the loan is considered as a personal loan. The customer support is not so good which needs to be improved. They provide all the procedures to be followed in the online portal which is really good. I feel that there were regular follow ups I made for the approval of the loan but after which the process is relax-able.
    06:44 PM - Dec 18, 2014

    , noida
    0.5 4.0/5 "Great!"
  • Quite normal services from dhfl where I got my home loan So far I havent got any good kind of experience. They approved me to get flat for me . The best part was they will provide all types of loan from them . Rate of interest was quite high when compared with other banks
    04:19 PM - Dec 18, 2014

    , secunderabad
    0.5 3.0/5 "Satisfactory"
  • Online when I applied for HDFC LTD I was initially told that I am eligible for 24 lakhs. After collecting all my documents and after doing necessary checks . They have confirmed the sanction amount was 19 lakhs . Which I am not happy with . Had they informed me in advance I would taken necessary checks accordingly.
    06:36 PM - Dec 20, 2014

    , chennai
    0.5 2.0/5 "Expected more"
  • Interest rate that HDFC Limited told was just correct because they told 10.15%. In terms of service I have no issues. HDFC LTD asked to pay initial amount of 20% from the quoted loan amount, I felt it as high thus I did not take home loan. HDFC have to reduce the initial payment as all cannot pay it.
    04:26 PM - Dec 20, 2014

    , chennai
    0.5 2.0/5 "Expected more"
  • Approach was nice and all descriptions were mentioned by the executive clearly but actually I did not find the property so I unable to take home loan. Interest rate they said as 12% but Axis bank needs to improve their communication as it lacks.
    05:42 PM - Dec 19, 2014

    , ghaziabad
    0.5 4.5/5 "Excellent!"
  • I have taken a housing loan with HDFC LTD. I am sure that the rate of interest offered by them is in line with the market price. The loan was disbursed on time, however the process was a bit lengthy and I would say post servicing part is not that good.
    06:39 PM - Dec 18, 2014

    , ahmedabad
    0.5 4.0/5 "Great!"
  • I have taken a housing loan with HDFC LTD. The executive who helped me at the time of disbursing the loan was very good. They are very much transparent. It took about 3 to 5 days for the loan amount to get disbursed. I have got all my doubts clarified with in a short span of time.
    04:11 PM - Dec 18, 2014

    , mumbai
    0.5 4.0/5 "Great!"
  • At the time of availing home loan from LIC Housing Finance, I did feel good and happy about the services. One of the impressive scheme is rate of interest is fixed for 3 years and floating for the remaining years. However there are few pre closure charges which could be made 0%.
    06:33 PM - Dec 20, 2014

    , bangalore
    0.5 5.0/5 "Blown Away!"
  • I have taken a home loan at SBI. Ultimately, when I applied, they took around rs 4500 as a processing fee, the rate of interest charged by them is 10.1%. I have to visit the Branch to get my work done as they were not co-operative. They dont render proper service as well. So I have planned to get rid of them .
    04:18 PM - Dec 20, 2014

    , hyderabad
    0.5 2.0/5 "Expected more"
  • I am holding a housing loan with HDFC LTD. The time taken to process the loan was very less. I am really happy about that. There is no need for one to go various bank sites and I can might as well find the information at Bankbazaar website in one go.
    02:54 PM - Dec 19, 2014

    , ahmedabad
    0.5 3.0/5 "Satisfactory"
  • It was a pre approved home loan which I got in the year 2008. I felt comfortable with ICICI and one advantage is there is no pre payment charges. Its floating interest rate where I have a flexible option of making it as fixed interest rate after 3 years of time.
    05:39 PM - Dec 18, 2014

    , chennai
    0.5 4.0/5 "Great!"
  • I am very much delighted to leave my comments about HDFC LTD. I am very much happy with their service and response provided by them. Services comes to my desk that is the best part about HDFC LTD. Everything was fine and I am happy with the way they function.
    04:11 PM - Dec 18, 2014

    , lucknow
    0.5 4.0/5 "Great!"
BankBazaar Home Loan is Rated as " Great!" by 2516 Users
 4.0 / 5.0   by 2516 users
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Fees & Charges

Promised Interest Rate

Customer Service



You're eligible for a Home Loan if you:

That's 21 years old, same time that everything besides milk becomes legal too

Are legally adult enough to handle it

Less than 65 years of age, because sanguine golden years are for playing golf

Have still got it

Salaried or self-employed - whatever puts food on your table

Get a regular pay check

There's a minimum amount for that regular pay check

Make more than a basic buck

Your eligibility depends on

So you'll have enough for life's other goodies

EMI limited to about 50%
of monthly income

So you have something to call your very own from the get go

Loan capped @ 75% - 85% on property value

So you don't bite off more than you can chew. Trust us, it's less painful this way

EMIs of other loans lower
your eligibility

Boost your eligibility by

Her income will bolster your eligibility and make good on your wedding vows of sharing, caring and avoiding doing the dishes.

Making your spouse a co-applicant

We've all learned that haste makes waste

Choose longer tenure loans of up to 20 - 30 years

They will always remain older, wiser and more credible than their offspring.

Alternatively add your parents as co-applicants

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Processing fee cheque
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Home Loan Interest RatesUpdated on 20 Dec 2014

Home Loan Details
Interest Rate (Monthly reducing balance) 10% - 10.5%
Processing Fees 0.5% of Loan
Loan Tenure 1 year to 20-30 years
Partial pre-payment Charges Nil
Pre-closure Chargest Nil

Wondering What a Home Loan is? – An Overview:

Home or housing loans are advances made to borrowers who require funds to purchase houses/flats/land. They can also be availed of for construction, extension and renovation of houses. Lenders can be banking or non-banking financial institutions.

Features of Home Loan:

The salient features are outlined below:
  • They are secured advances.
  • Collateral is usually the property that is being funded. Existing property can also be put up as security.
  • Interest rates are flexible being either Fixed, Floating or a combination of fixed and floating.
  • Home loan interest rates are lower when compared to unsecured personal advances.
  • The advance can be used to fund property for residential or investment purposes.
  • Amounts offered are higher than under other types of loans; up to 85% of the property value.
  • Repayments are made in EMIs (Equated Monthly Instalments).
  • Pre-payments are allowed, to reduce liability.
  • They are long-term in nature; tenors usually vary between 5 - 30 years
  • Non-interest charges include processing fees, pre-payment charges, inspection fees, documentation fees etc.
  • Co-applicants/joint-applicants are allowed.
  • They qualify for tax benefits as per provisions of the IT Act, 1961 (subject to changes).

Home Loan Eligibility - Getting In On the Deal:

Every lender assesses a customer differently but, by and large, the basic criteria a borrower should satisfy to be eligible for a home loan are outlined below:
  • Age: The minimum age at the time of application should be 21 years. Repayments have to be completed before the age of 60 or 65.
  • Employment: Ability to service interest charges, as reflected in the borrower’s earning capacity, is important. Borrowers should:
    • Be salaried employees or self-employed persons (professional/non-professional)
    • Have been in employment/business for at least 3 years of which current employment should account for at least 1 year.
  • Income: A minimum income varying between Rs.5 - 7 lakhs would be required. This depends on the nature of employment i.e. salaried or self-employed.
  • Residence: At least one year of stay at the current residence is required to display stability.
  • Credit Rating: A good credit score is required (a score of 750-900 from CIBIL is considered good). Besides this, a healthy financial background is vital for approval and to determine the interest rate and loan amount.

Documents Required for Home Loan - For the file!

Documents to be submitted differ according to the eligibility requirements. The following, however, are commonly requested for:
  • The application form which has to be signed and affixed with the specified number and size of photographs.
  • Proof of identity, address, employment, income and tax paid as per KYC requirements. This usually includes:
    • Passport/Voter ID//Driving License/Ration Card/Utility Bills/Lease Agreements/Property Deeds/Salary Slips (3 most recent months)/Salary Certificate/Bank Statements (3-6 most recent months)/Audited financial statements/Form 16/ITR/Business deeds e.g. MOA, Partnership Agreement etc./Appointment Letter
  • Documentary evidence of the property to be funded.
  • Cheques for payment of fees charged to process the application.
In case of a joint application, the co-applicant will also be required to furnish similar paperwork.

Beat the Heat - Apply Online:

The trials and tribulations one has to go through in order to figure out where to get the best offer from can be truly taxing to the mind, body and spirit.
Performing the age-old task of going to each financier, finding out what offers are available, collating the information, calculating EMIs, submitting the required documents and following up on applications can take a toll on any potential borrower.
The best way to save on time, money and effort is to go online. Applying for home loans online is gaining popularity in India and fast becoming the mode of choice for many borrowers.

Why BankBazaar? Check it out!

BankBazaar is India’s leading portal for financial services where different home loan offers can be compared at one place and applied for without having to visit any lending institution.
Here’s what users can do:
  • Define loan parameters to receive free quotes, instantaneously, in an easy-to-understand manner.
  • Compare offers to identify the right lender to deal with.
  • Make real-time home loan comparisons to find the lowest rates in the market. At BankBazaar, interest rates are constantly monitored and updated to reflect the latest changes made by financiers.
  • Avail exclusive discounts and deals for huge savings through BankBazaar’s active collaboration with leading financial institutions.
  • Check eligibility online using BankBazaar’s home loan eligibility calculator and get immediate e-approvals.
  • Determine repayments using BankBazaar’s home loan EMI calculator which also provides amortization tables.
  • Browse user reviews to gain insights on service provided by various institutions.
  • Apply online for the chosen product directly through the site.
  • Receive end to end guidance from a dedicated customer care team for smoother processing leading to quick disbursal of money.
  • Get regular status updates.
Obtaining the right home loan is crucial to proper financial planning. It all begins with a successful search process that facilitates quick receipt of funds and guarantees peace of mind.

rated 4.0 /5.0
by 2516 users
Over 5,00,000 Happy Customers with loans & cards
Compare multiple options and choose the one that best suits you

Compare the best home loan offers in town and locate the lowest rates!

Offers to Compare
Over 25 offers to compare!

This is our forte- helping you compare the finest deals. Additionally, we'll handpick offers that suit your profile and present the best rates from several banks, so you can make a thoroughly-informed decision.

Breaking Down Offers
Breaking down offers

We're obsessed with giving you a 365 degree view of offers. So, we'll break it down for you - EMIs, eligibility, maximum amount that can be borrowed, fees, hidden charges... no more getting fooled by the fine print!

Why Apply Online
Preferred over builder

There's a good reason by thousands of customers choose BankBazaar - we support you in many more ways than a builder would through the process - multiple options & timely handheld support.

Cheaper then Dealer
Why apply online?

You don't have to fight for parking space! Jokes apart, applying online will help you save time and money; plus, you'll be able to use the services of our super-friendly customer service team at anytime and get all your queries answered.

Comparing Best Loans
Done comparing! Now what?

We showcase the best loan offers and help you compare them... what next? Well, we'll aid you in applying to the bank of your choice and work with you right up to the delivery of the loan!

Still have a gazillion questions?
Still have a gazillion questions?

Think of BankBazaar as your loan-savvy buddy! Our customer support team is at your service to clear doubts on eligibility, offers, procedures and documentation, and help you apply. They'll even co-ordinate with the bank to get you your loan on time.

Connect to the Bank
We'll connect you to the bank

We know the bank guys really well! So, if you want to talk to a bank representative or get help on your loan application, we won't just connect you to them; we'll also do the follow-up on your behalf.

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