- Purpose
Purchase, Construction, Improvement of Office, Clinic
- Eligible
- Doctors
- Chartered Accountants
- Lawyers
- Other self-employed professional
- Maximum loan
85%
of cost of the property
- Maximum Term
10
years
Improvement 5
years
- Applicant and Co- Applicant to the loan
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 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 rate% |
Basis% |
| Upto Rs. 1 cr |
14.00 |
13.25 |
RPLR - 3.25% |
| Rs. 1.01 cr and above |
14.00 |
13.00 |
RPLR - 3.50% |
The above rates are subject to change without notice. |
