HDFC Ltd Home Loan for Salaried Person

HDFC Bank home loan for salaried persons is designed to make homeownership more affordable and accessible. The financial institution guarantees that the borrowers will receive attractive interest rates, reduced processing fees, and personalised repayment options, offering the most cost-effective credit option. This loan further features moderate eligibility criteria, minimal documentation, a digital application process, and quick fund disbursement, making home loans more accessible and hassle-free. To take you to your new home as soon as possible, Urban Money offers a detailed and comprehensive overview of the HDFC Bank home loan for salaried employees. We will explain the applicable interest rates, eligibility, documentation, associated fees, and more. Let’s dive in!

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Table of Content

1. HDFC Ltd Home Loan for Salaried Person Highlights

2. HDFC Ltd Home Loan for Salaried Person Fees and Charges

3. HDFC Ltd Home Loan for Salaried Person Documents Required

4. HDFC Ltd Home Loan for Salaried Person Eligibility Criteria

Written By

Utsah Sharma

Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything 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.

HDFC Ltd Home Loan for Salaried Person – Highlights

Below are the HDFC Ltd home loan criteria for salaried persons:

Interest rate	8.75% to 9.95% p.a.
Loan Amount	15 Crore*
Loan-to-Value (LTV) ratio	Up to 90% of the property price, subject to the loan amount
Loan Tenure	25 years or up to 70 years, whichever comes earlier
Eligibility	Applicants must receive a minimum monthly salary of ₹10,000

HDFC Ltd Home Loan for Salaried Person – Fees and Charges

Below are the pertinent fees and charges of the HDFC Ltd home loan for salaried employees:

Fee/Charge	Amount
Processing Fees	Upto 0.50% of the loan amount
Prepayment Charges	Nil
Late Payment Penalty	18% per annum on the delayed EMIs
Stamp Duty/ MOD/ MOE/ Registration	As applicable in the respective States
Legal and Valuation Charges	As per actual

HDFC Ltd Home Loan for Salaried Person – Documents Required

Below are the expected HDFC Ltd home loan documents for salaried persons:

Proof of Identity	Aadhaar card, PAN card, passport, identification card, driving license, ration card, utility bills.
Proof of Income	Last 3 months’ salary slips, 6 months’ bank statements, 1 year’s Form-16, and income tax returns
Proof of Property	Copy of the allotment letter, payment receipt, title deeds, sale agreement, no encumbrance certificate, etc.

HDFC Ltd Home Loan for Salaried Person – Eligibility Criteria

Below are the expected HDFC Ltd home loan eligibility for self-employed:

Age	18 – 70 years old
Income	Above ₹10,000 per month
Credit Score	700 or higher
Nationality	Resident Indian

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Frequently Asked Questions (FAQs)

What is the repayment term for an HDFC Bank home loan for a salaried person?

The repayment term for an HDFC Bank home loan for a salaried person ranges from 1 to 30 years.

What is the minimum age for an HDFC Bank home loan to a salaried person?

The minimum age for a salaried person to apply for an HDFC Bank home loan is 18 years.

What is the minimum and maximum HDFC Bank home loan amount for a salaried person?

The maximum HDFC Bank home loan amount for a salaried person is ₹15 crores, while the minimum amount depends on the bank’s discretion.