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Home / Finance / Home Loan / How to calculate home loan eligibility in HDFC ?
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How to calculate home loan eligibility in HDFC ?

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0 2022-04-25T12:19:00+00:00
A friend of mine was struggling with poor credit score and hence was not getting home loan approval easily from banks. NoBroker helped her out avail home loan at a good rate of interest. Check your home loan eligibility today to avail low interest home loans. [widget_homeLoan_checkEligibility_form]
0 2022-04-05T18:04:49+00:00

Hey friend,

I see you are looking to know HDFC bank home loan eligibility. HDFC is one of the most popular private banks in the country. Their position as customer’s favorite can be traced to their loan services, easy banking and great credit. Take a look below to know more.

HDFC home loan eligibility depends on different parameters like employment status, age, credit score, and monthly/annual income etc. Most banks have their own eligibility criteria.

Take a look at the table to know HDFC Home Loan Eligibility Criteria :

Age

21 – 65 years

Employment Type

Salaried and Self-employed professional and non-professional

Minimum Salary for Salaried

Rs.10,000 per month

Minimum Salary for Non-Salaried

Rs.2 lakh per annum

Determining the loan amount is difficult, you need to know your repayment tenure years, existing EMIs , interest rate , value of property, credit score etc.

To further help you with HDFC Home Loan, you can check the table given below to get an idea on

loan based on Value of Property. 

Property Value

LTV Ratio

Up to Rs.30 lakh

90% of the property cost

From Rs.30 lakh to Rs.75 lakh

80% of the property cost

Above Rs.75 lakh

75% of the property cost

  How to calculate home loan eligibility in HDFC ?

You can make the calculation by using the official HDFC home loan calculator on the official bank website.

The link for which is 

https://www.hdfc.com/home-loan-eligibility-calculator

According to my research, the current interest rate being offered to customers is 6.7 % onwards p.a. You can check out their offers right here.

Take a look at the table to know the loan slab and its interest rate.
Loan Slab     Interest Rates (% p.a.)
For Women* (Upto 30 Lakh)    6.75% to 7.25%
For Others* (Upto 30 Lakh)   6.80% to 7.30%
For Women* (30.01 Lakhs to 75 Lakhs) 7.00% to 7.50%
For Others* (30.01 Lakhs to 75 Lakhs)     7.05% to 7.55%
For Women* (75.01 Lakhs & Above)  7.10% to 7.60%

This is all from my end on how to check home loan eligibility in HDFC. Since I was exploring home loan options, I checked the loan amount available to me online. The process was simple and easy. You should do the same. [widget_homeLoan_checkEligibility_form]

If you are exploring home loan options and looking for best deals, check out NoBroker Home Loan services

Read more :

Can I get home loan without ITR?

How to check home loan eligibility in ICICI bank

How to transfer HDFC home loan to SBI?    

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