- Maximum loan
Direct Allotment from Development authority - 85% of cost of the land
First Purchase from developers, Resale plots - 70% of cost of the land
The above is subject to repayment capacity of the customer.
You may apply for land purchase and construction of loans simultaneously. In such cases we offer upto 85% of the cost of land and construction.
- 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
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| Wef : 1st Aug 2011 |
RPLR: 16.50% |
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| Land loans |
Fixed rates% |
Variable rates% |
Basis% |
| Upto and including Rs 30 lacs |
12.50 |
11.00 |
RPLR - 5.50 |
| Rs.30.01 lacs to Rs.75 lacs |
12.75 |
11.25 |
RPLR - 5.25 |
| Over Rs.75 lacs |
13.25 |
11.75 |
RPLR -4.75 |
(ONLY for plots being purchased from development authorities and good developers within city limits) |
