HDFC's Dual Rate Home Loan (DRHL) Product is a flexible interest rate product offering dual rates. Under this product, the loan will be split into two parts - an initial rate period* and a subsequent rate period. The interest rate during the initial period* is fixed. The interest rate during the subsequent period will be a floating rate.
Eligibility:
The DRHL plan applies to all the customer segments - Resident as well as Non-Resident Indians and all the employment segments - Employed, Self-employed Professionals and Self-employed Non-Professionals.
The customer's loan eligibility will be assessed at the Floating Rate for the subsequent period.
* Initial Rate Period / Initial Period:
Upto 31 Mar, 2011
Fixed
Apr 1, 2011 to Mar 31, 2012
Fixed
Apr 1, 2012 Onwards
Adjustable**
** *linked to HDFC-RPLR with spread
For latest rates and terms under DRHL please contact our offices or call on our Home Line Numbers.
Kindly note: The DRHL-5 will be available to all new loan applications received at the HDFC branch between October 19, 2010 and November 30, 2010, subject to availing the first disbursement on or before Friday the Dec 31, 2010.