The HDFC Bank home loan interest rate for NRI ranges from 8.75% to 9.95% per annum. Moreover, it depends on the loan type and the applicant's eligibility. The rate may also vary based on whether the loan is a fixed or floating-rate loan.
HDFC provides loans with floating interest rates, which are linked to their benchmark rate (e.g., HDFC's Reference Rate or MCLR). This means the rate may change periodically based on market conditions.
In some cases, fixed-rate loans are also offered, which remain the same for the entire loan tenure.
The maximum tenure for NRI home loans is typically up to 20 years or until the borrower reaches 60 years of age, whichever is earlier. A longer tenure can help reduce the EMI burden, but it may increase the total interest paid over the loan’s life.
NRIs need to meet HDFC’s eligibility criteria, including proof of income, credit history, and property details. The borrower’s age, income, and job stability are key factors influencing loan approval and interest rates.
HDFC charges a processing fee of approximately 0.5% to 1% of the loan amount, which may vary based on the loan amount and location.
For floating rate loans, HDFC rarely charges prepayment fees, making it flexible for NRIs to repay loans early without penalties.
This is all about the HDFC home loan rates for NRI.
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The HDFC NRI home loan interest rate is quite low compared to other banks. It is around 8.40%. I learned about the HDFC home loan interest rate on their
official websiteonly so you can either visit it online or visit the bank and ask the officials about it.
What is the HDFC Bank home loan interest rate for NRI?
The HDFC housing loan interest rate for NRI stands at
8.50% to 9.15% for Special Home Loan Rates that Salaried and Self Employed (Professionals and Non-Professionals) can avail of and
8.75% to 9.40% for Standard Home Loan that Salaried and Self Employed (Professionals and Non-Professionals) can opt for
I hope you have understood what is the NRI home loan hdfc interest rate.
If you want to apply for a HDFC home loan online as an NRI, you will need to
Visit the
NRI portal of HDFCEnter your name, country, mobile number and email
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So these are the HDFC NRI loan interest rates and application process I am aware of.
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Authors Of The Question
What is HDFC NRI Home Loan Interest Rate?
Oindrila
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11 months
2023-12-31T19:38:22+00:00 2023-12-31T20:05:00+00:00Comment
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