Under
this Trufixed Home Loan product the house buyer has the option to choose a
Fixed Interest Rate Period (FIRP) between 3 to 10 years .
Post
the fixed rate period the loan will automatically convert to a variable
(Floating) rate product. The home buyer also has the option, subject to HDFC's
eligibility norms to take a complete fixed rate term product for a fixed term
of 3 to 10 years. Or, he or / she can avail a long term loan of 15 to 20 years
with a part fixed and part floating for the entire tenor of the loan.
The
full disbursement of the loan, irrespective of the fixed period chosen, shall
have been availed within the first three (3 years) from the date of first
disbursement of the loan. Post the fixed rate period the interest rates
applicable on the loan shall be the then applicable HDFC RPLR minus the spread
as applicable currently on the loan amount being availed under Trufixed
product.
The
applicable interest rates in the FIRP are linked to sanctioned loan amount and
as per details given below..!:
Home Loan Slabs Interest Rates during
the
Fixed Interest Rate Period (%)
Upto and including Rs 10
lacs 10.75 ( % )
Rs.10.01 lacs to Rs.75 lacs 11.00 ( % )
Over Rs.75 lacs 11.25 ( % )
The
product is available to salaried & self-employed customers (home buyer)
subject to file being logged in on or before October 31st 2012 with an end date
for the first disbursement on or before November 30th 2012.
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