HDFC Bank Home Loan Calculator

on September 16th, 2011 in Home Loans tagged

Any prospective buyer of a new house is most anxious over the budget; whether the house will fit in the budget or not. HDFC Bank home loan calculator is just the key to all your queries at that time. You can easily determine how much your monthly payments would be or how much you could afford to borrow without any financial difficulty.

HDFC is one of the largest banks in India and is the preferred choice for many consumers. They offer a wide range of home loan products keeping in mind the different needs of today’s consumer. In comparison to the home loan products offered by various public sector and private sector banks, HDFC Bank home loan stands a winner owing much to its exciting features. A flexible repayment plan and speedy approval allows you to achieve your dream of having a house of your own.

HDFC bank offers home loans at flexible rate of interest that are within the reach of a wide segment of consumers. They offer home loans, home extension loans, home improvement loans as well as land purchase loans. In the Indian home loan market, consumers are primarily concerned about finding the cheapest interest rate.  HDFC offers variable interest rates of 10.75% p.a. to 11.50% p.a. and fixed interest rates of 12.25% p.a. to 13% p.a. depending on the amount of loan availed. You have the option to choose between the variable and fixed interest rates as per your requirement. All home loans from HDFC also have flexible repayment terms and you can choose the one that best suits your needs. In addition, to make your life simpler there are automated repayment facilities available for the installments.

HDFC offers home loans of up to 85% of the property’s value along with flexible tenures for the different segment of consumers. The home loans are available for a maximum tenure of 20 years; subject to the date of retirement for employed individuals, and up to the age of 65 years for self employed individuals. They also extend home loans to NRIs for a maximum period of 7 years, which can be extended up to 20 years for professionals. In case of home extension and home improvement loans, HDFC offers finance for up to 85% of the cost to new customers and up to 100% for existing ones.

As an extension to their superb customer service and in order to implement fast approval of home loans, the HDFC Bank home loan calculator to the right proves to be a very smart and handy tool. To get an estimation of your home loan cost and affordability is just a matter of a few seconds. All you need to do is enter the desired loan amount, rate of interest and tenure. The calculator will instantly provide you the EMI amount and the amortization schedule. You may change the values of your inputs to compare the results and choose the best deal that suits your needs. Once you have decided on getting a home loan, give us a call on +91 9716147450 or fill the loan application form to the right to help us get back to you with the best home loan deals.

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