If you're planning to buy a home, HDFC Home Loans can help by covering 90% of the property's value. This means you only need to pay 10% of the cost, making homeownership easier and more affordable. see the complete benefits and process for HDFC Home Loan
Low Processing Fees (HDFC Home Loan)
HDFC keeps the cost of getting a loan low with minimal processing fees, which helps you save money when applying.
Simple Online Process
Applying for an HDFC Home Loan is very easy thanks to their fully digital process. You can apply online, submit your documents, and track the status of your loan right from your phone or computer. No need to visit the bank!
Fast Approval and Doorstep Service HDFC Home Loan
With HDFC, you don’t have to wait long for loan approval. They offer a quick approval process and even provide doorstep service, where a representative can come to your home to help with any paperwork or queries.
How to Apply for an HDFC Home Loan?
Applying for an HDFC Home Loan is simple. To get started, you can visit LoanYatra and check out the options. If you have any questions or need help, you can easily contact LoanYatra by visiting the contact page on the website. Our team is here to assist you with the application process and ensure you get the best loan deal.
Rate of Interest & Charges HDFC Home Loan
- Interest Rate: Typically starts from 8.50% per annum (this may vary based on your profile).
- Processing Fees: 0.25% to 0.50% of the loan amount (subject to a minimum amount, usually around ₹3,000 – ₹10,000).
EMI Calculation for ₹20 Lakhs Loan (30 Years)
| Loan Amount | Interest Rate | Tenure (Years) | EMI (₹) | Total Interest Payable (₹) | Total Payment (Principal + Interest) (₹) |
|---|---|---|---|---|---|
| ₹20,00,000 | 8.50% | 30 | ₹15,378 | ₹35,36,106 | ₹55,36,106 |
| ₹20,00,000 | 9.00% | 30 | ₹16,093 | ₹37,93,624 | ₹57,93,624 |
| ₹20,00,000 | 9.50% | 30 | ₹16,831 | ₹40,61,165 | ₹60,61,165 |
Here is the EMI schedule for a ₹20 lakh loan over 30 years at an 8.50% interest rate:
| Month | EMI (₹) | Principal (₹) | Interest (₹) | Balance (₹) |
|---|---|---|---|---|
| 1 | 15,378 | 1,211 | 14,167 | 19,98,788 |
| 2 | 15,378 | 1,220 | 14,158 | 19,97,568 |
| 3 | 15,378 | 1,229 | 14,149 | 19,96,339 |
| 4 | 15,378 | 1,238 | 14,141 | 19,95,102 |
| 5 | 15,378 | 1,246 | 14,132 | 19,93,856 |
| … | … | … | … | … |
| 356 | 15,378 | 14,845 | 533 | 60,439 |
| 357 | 15,378 | 14,950 | 428 | 45,489 |
| 358 | 15,378 | 15,056 | 322 | 30,433 |
| 359 | 15,378 | 15,163 | 216 | 15,270 |
| 360 | 15,378 | 15,270 | 108 | 0 |
This table shows the EMI payments broken down into principal and interest, as well as the remaining balance each month for the full 30-year term.
Need Help with Your Loan?
If you have any questions about taking a loan or need assistance throughout the process, LoanYatra is here to help! Our team of experts can guide you through every step, from understanding your eligibility to selecting the right loan options tailored to your needs.
Whether you’re looking for home loans, personal loans, or business loans, we provide comprehensive advice to ensure you make informed decisions. Don’t hesitate to reach out to us for a full guide on loans and to explore the best deals available.
Contact us today at LoanYatra to get started on your journey to financial success!
Explore Different Types of Loans
At LoanYatra, we offer HDFC Home Loan and a wide range of loan options to suit your financial needs:
- Personal Loan: Get funds for any personal expenses like travel, medical emergencies, or home renovations with minimal documentation and quick approval.
- Home Loan: Purchase your dream home with attractive interest rates and flexible repayment options. Our experts can help you navigate the best deals available.
- Mortgage Loan: Leverage the equity in your property to access funds for various needs, including home improvements or consolidating debt.
- Car Loan: Drive home your dream car with easy financing options, competitive rates, and personalized support throughout the application process.
- Education Loan: Invest in your future by financing your education. We provide tailored solutions to help you pursue your academic goals without financial stress.
For more information about these loans or to get personalized assistance, please contact us at LoanYatra Our contact details are available on our Contact Page. Our team is ready to assist you in finding the best loan solutions tailored to your needs!
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