HDFC Sales Home Construction Loan

HDFC Bank, a prominent private bank in India, provides a host of financial solutions to address various customer needs. Among its offerings is the HDFC Sales Construction Loan, which meets the financial requirements for constructing homes. This loan has attractive features and benefits, making it a preferred option for those planning to build their dream homes.

HDFC Sales Construction Loan Interest Rates 

HDFC Sales offers competitive interest rates on its construction loans:

HDFC Sales Construction Loan Fees and Charges

HDFC Sales Construction Loans include certain fees and charges, which are detailed below:

HDFC Sales Construction Loan Eligibility Criteria for Salaried

To qualify for an HDFC Sales Construction Loan, salaried individuals must meet the following criteria:

HDFC Sales Construction Loan Eligibility Criteria for Self-employed

Self-employed individuals must meet similar criteria to be eligible for the loan:

HDFC Sales Construction Loan Documents Required for Salaried

When applying for an HDFC Sales Construction Loan, salaried individuals need to submit the following documents:

Mandatory Documents: PAN Card or Form 60 (if PAN Card is not available)

Identity and Address Proof: (Any one of the following)

Income Proof:

• Last 3 months’ salary slips
• The last 6 months’ bank statements showing salary credits
• Latest Form-16 and IT Return

Property Documents

HDFC Sales Construction Loan Documents Required for Self-Employed

Self-employed individuals must provide the following documents:

Mandatory Documents : PAN Card or Form 60 (if PAN Card is not available)

Identity Proof: (Any one of the following)

Income Proof:

• Income tax returns with computation of income for the last 2 assessment years (individual and business entity, attested by a CA)
• Balance sheet and profit & loss account statements for the last 2 years (individual and business entity, attested by a CA)
• The last 12 months current account statements of the business entity and savings account statements of the individual

Property Documents:

• Title deeds of the plot
• Proof of no encumbrances on the property
• Copy of plans approved by local authorities
• Construction estimate by an architect or civil engineer

Other Documents:

• Own contribution proof
• Business Profile
• Latest Form 26 AS
• List of directors and shareholders with individual shareholding certified by a CA/CS (for companies)
• Memorandum and articles of association (for companies)
• Partnership deed (for partnership firms)
• Details of ongoing loans to individuals and business entities

Features of HDFC Sales Construction Loans

HDFC Sales Construction Loans come with several features that simplify the loan process for customers:

• End-to-End Digital Process: Get your home loan approved in four simple steps.
• Customised Repayment Options: Home loans are designed to meet your specific needs.
• Easy Documentation: Minimal paperwork is required, saving you time and effort.
• 24×7 Assistance: Connect with HDFC via Chat or WhatsApp anytime, anywhere.
• Online Loan Account: Manage your loan conveniently through an online account.