60 Lakh HDFC Home Loan

The HDFC Home Loan of 60 lakh stands as a financial gateway to turn dreams of homeownership into tangible reality. Tailored to meet the diverse needs of aspiring homeowners, HDFC's home loan offering at 60 lakh opens the door to a world of possibilities in the housing market. With a substantial loan amount, prospective buyers can navigate the property landscape with confidence, whether it's for purchasing a spacious family home or investing in a property for future returns. This financial instrument not only reflects HDFC's commitment to fostering home ownership but also underscores the institution's understanding of the evolving needs of modern families.

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Table of Content

1. 60 Lakh Home Loan HDFC Bank- Highlights

2. HDFC Bank 60 Lakh Home Loan EMI for 10 years

3. 60 Lakh HDFC Bank Home Loan EMI for 20 years

4. HDFC Bank 60 Lakh Home Loan Fees & Charges

5. Documents Required for HDFC Bank 60 Lakh Home Loan

6. HDFC Bank 60 Lakh Home loan Eligibility Criteria

Written By

Amrita Sinha

Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal finance.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

60 Lakh Home Loan HDFC Bank- Highlights

Here are the highlights of 60 lakh HDFC home loans.

Maximum Loan Amount	60 Lakh
Interest Rate (p.a.)	8.75% – 9.40%
Loan Tenure	Up to 30 Years
Loan-to-Value Ratio (LTV)	Up to 80% of the property’s value

HDFC Bank 60 Lakh Home Loan EMI for 10 years

Here is the EMI requirement for a 60 lakh home loan.

Loan Amount	60 lakh
Rate of Interest (p.a.)	8.75 %
Loan Tenure	10 Years
EMI	₹73,911

60 Lakh HDFC Bank Home Loan EMI for 20 years

For a 60 lakh HDFC home loan, you will need to pay the following amount in EMI.

Loan Amount	60 lakh
Rate of Interest (p.a.)	8.75 %
Loan Tenure	10 Years
EMI	₹51,501

HDFC Bank 60 Lakh Home Loan – Fees & Charges

Following are the fees required for HDFC Bank’s 60 lakh home loan.

Processing Fee for HDFC home loan: Depending upon the scheme, the applicant will need to pay upto 2% of the loan amount plus GST
GST: 18%
Other Charges: Stamp duty charged, incidental costs, third-party fees, etc.

Documents Required for HDFC Bank 60 Lakh Home Loan

Following are the documents required to apply for an HDFC Bank 60 lakh home loan.

Loan Application and PAN Card
KYC Documents: Aadhar Card, Voter’s ID, Utility Bills like electricity and water bill
Income Proofs: Last three months’ salary slips, two years income tax returns, along with two years’ Balance Sheet and P&L account
Property Documents: Title deed, Sales agreement, Allotment letter, etc.

HDFC Bank 60 Lakh Home loan – Eligibility Criteria

The 60 lakh HDFC Bank home loan eligibility criteria are as follows:

Age limit for salaried individuals: 21 to 65 years
Age limit for self-employed individuals: 21 to 65 years.
Minimum salary: ₹10,000 p.m.
Minimum business income: ₹2 lac p.a.
Maximum loan term: 30 years.
An individual should have a good credit score

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Frequently Asked Question (FAQs)

What is the EMI for a 60 lakh home loan for 20 years at HDFC Bank?

As per the interest rate of 8.75%, an individual will need to pay monthly installments of INR 51,501.

Who is eligible for a 60 lakh home loan in HDFC Bank?

Any individual who is between 21 and 65 years of age and is earning INR 10,000 as a salary or INR 2 lakhs in business income can apply for a 60 lakh home loan at HDFC Bank.

What is the monthly interest rate on a 60 lakh home loan in HDFC Bank?

The monthly interest rates for HDFC home loans start at 8.50%.