- Maximum Term
15
years subject to your retirement age
- Applicant and Co- Applicant to the loan
Home Loans can be applied for either individually
or jointly. Proposed owners of the property, will
have to be co-applicants. However, the co-applicants
need not be co- owners.
- Adjustable Rate Home Loan
Loan under Adjustable Rate is linked to HDFC's Retail
Prime Lending Rate (RPLR). The rate on your loan will
be revised every three months from the date of first
disbursement, if there is a change in RPLR, the interest
rate on your loan may change. However, the EMI on
the home loan disbursed will not change*. If the interest
rate increases, the interest component in an EMI will
increase and the principal component will reduce resulting
in an extension of term of the loan, and vice versa
when the interest rate decreases.
* Conditions Apply
| |
|
|
| Wef : 1st Aug 2011 |
RPLR: 16.50% |
|
| |
Applicable Rates
(Monthly Rest Basis) |
Fixed rates% |
Variable rates% |
Basis%
RPLR |
| Upto and including Rs 30 lacs |
12.25 |
10.75 |
RPLR - 5.75 |
| Rs.30.01 lacs to Rs.75 lacs |
12.50 |
11.00 |
RPLR -5.50 |
| Over Rs.75 lacs |
13.00 |
11.50 |
RPLR - 5.00 |
The above rates are subject to change without notice. |
