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Eligibility for an HDFC Home Loan

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HDFC Limited is regarded as one of the industry’s pioneers in the field of HDFC home loans. Interest rates are as low as 9.40 percent in certain cases. The loan application and approval procedure are quite straightforward and rigorous. Paying back your home loan is a breeze thanks to a generous payback period that may last up to thirty years. Even if you are under the age of 21, you may apply for an HDFC Home Loan. The greatest thing is that you may acquire a loan for up to 90 percent of the value of your home.

Eligibility for an HDFC Home Loan

HDFC provides house loans to qualified consumers at competitive interest rates, with rates as low as 6.90 percent per year. Repayment of the house loan might be spread out over a 30-year period. You will, however, only be granted a loan if the bank determines that you are qualified. There are a variety of factors that determine your eligibility for a house loan, including your work status, age, credit score, and monthly or yearly income, to mention a few. The bank will finalise the loan amount and choose whether or not to accept your application based on your eligibility.

Eligibility for an HDFC Home Loan for a Woman

HDFC’s qualifying requirements for house loan applicants who are women are the same as those for males who are applying for a home loan. Women, on the other hand, are entitled for a 0.05 percentage point interest rate reduction on the loan.

Home loan from HDFC Co-Applicant Eligibility and Requirements

In the event that you are applying for a house loan with a co-applicant, the co-applicant will also be required to meet the eligibility requirements established by the bank. The following are the eligibility requirements:

  • The applicant’s age should be between 21 and 65 years old.
  • It is necessary to be an Indian citizen who resides in the area.
  • Should be engaged on a paid or self-employed basis
  • Co-applicants should not be co-owners of the business.

Factors Influencing Eligibility for an HDFC Home Loan

  • The applicant’s age is specified in the application.
  • Position of the applicant’s financial resources
  • Having an excellent track record of payback
  • Having a good credit score
  • To determine the extra burden of the new loan, existing obligations must be considered.
  • The applicant’s personal profile

Apply for a Home Loan and Calculate Your Home Loan Eligibility

  • Once you have determined your eligibility and EMI amount by using the calculator, you can quickly apply for a house loan online from the comfort of your own home with online home loans from HDFC from the comfort of your own home.
  • To submit an online application for a house loan with HDFC, please visit their website.
  • HDFC also provides the option of obtaining a pre-approval for a house loan even before you have found your ideal property to purchase.

These calculators are given only for the purpose of assisting you in your planning efforts. The outcomes are dependent on a variety of circumstances, including the assumptions you make. We make no representations as to their correctness or relevance to your particular situation.


The majority of those who reviewed the HDFC home loan agreed that the interest rates were competitive with those offered by other prominent leaders. Despite the fact that several consumers expressed dissatisfaction with the length of time it took to complete the loan procedure, the vast majority expressed appreciation for the customer care offered. Many of the reviewers expressed their satisfaction with the reasonableness of the processing fees.

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