HDFC Ltd Home Loan for Bank Employees

Housing Development Finance Corporation offers attractive home loan schemes to bank employees seeking funding to purchase or invest in a home. With interest rates starting from only 8.75% per annum, the bank employees can avail of a home loan up to 90% of the property’s value. Borrowers can repay their home loan EMIs up to a tenure of 30 years, making the EMIs very flexible and affordable. Applicants can also include an earning co-applicant to become eligible for higher loan amounts and additional features. By reading further, check the eligibility and key highlights of the HDFC home loan for bank employees.

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Table of Content

1. HDFC Home Loan For Bank Employees Highlights

2. HDFC Home Loan For Bank Employees Fees & Charges

3. HDFC Home Loan For Bank Employees Documents Required

4. HDFC Home Loan For Bank Employees Eligibility Criteria

Written By

Kirti Bansal

Kirti Bansal is an esteemed financial expert and accomplished writer, specializing in a range of financial topics, including Financial Services, Investments, Loan Assessments, Mutual Funds, and Banking. With a wealth of experience in the financial industry, she has earned a reputation as a trusted voice! Her expertise serves as a beacon for those navigating the intricacies of finance.

Reviewed By

Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

HDFC Home Loan For Bank Employees – Highlights

What makes HDFC home loans for bank employees an ideal choice for a home loan? Check the key highlights below:

Interest rate	8.75% p.a. onwards
Loan Amount	Amounts up to 90% of the property’s value
Loan Tenure	Up to 30 years
Eligibility	Bank employees having a steady source of income

HDFC Home Loan For Bank Employees – Fees & Charges

Here are the important fees and charges that are applicable when a bank employee is availing of an HDFC home loan:

Processing Fees – Up to 1% of the loan amount
Delayed Payment Charges – Maximum of 18% per annum

HDFC Home Loan For Bank Employees – Documents Required

Ensure to have the following documents with yourself when applying for an HDFC home loan for bank employees:

Identity Card issued by the government
Income Documents include the Last three months’ Salary Slips, the Last six months’ Bank Statements, salary credits, the Latest Form-16, and IT returns.
Property Documents

HDFC Home Loan For Bank Employees – Eligibility Criteria

Make sure you fit into the eligibility criteria of the HDFC home loan for bank employees:

Age – Between 18 to 70 years
Salaried bank employee
Indian Resident

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Bank Wise Home Loan Eligibility Calculator

Frequently Asked Questions (FAQs)

Can we avail of a PMAY subsidy with an HDFC staff home loan?

You can avail yourself of a PMAY subsidy with an HDFC staff home loan; just ensure you meet the eligibility criteria.

Who is eligible for an HDFC staff home loan?

Bank employees above 18 qualify for an HDFC staff home loan.

What are the benefits of an HDFC employee home loan?

Bank employees can benefit from lower interest rates on instant home loans, extended repayment terms of up to 30 years, and higher loan amounts of up to 90% of the property value. Additionally, women borrowers receive special interest rate discounts, enhancing affordability.