HDFC: Rural Housing Finance Features..!

HDFC offers housing loans in rural areas for:

* Construction of Houses on plot owned by you

*  Addition of more rooms or floors to your existing house

*  Renovation & Improvement of your house

*  Purchase of a new house

*  Refinance of Rural Plot loan

Features..!

For Agriculturists:

If you are a farmer / planter / horticulturist / dairy farmer etc. having your own land and looking to have your own house, get in touch with HDFC.

Specially Designed Housing Loans for Agriculturists.

* Loan eligibility on the basis of land owned by you and the crops being cultivated.

* Home Loan in residential area of your own village

* Loans for buying house or flat in city of your choice

...and many more.

For Salaried and Self Employed..!

* Everyone wants a place to call home, and then what better place than your village or town to own one.

*  Housing Loans for homes in rural areas for Salaried persons

*  Housing Loans for homes in rural areas for Self Employed Businessmen or / Self Employed Professional.

Adjustable Rate Home Loan..!

Loan under Adjustable Rate is linked to HDFC's Retail Prime Lending Rate (RPLR). The rate on your loan will be revised every three months from the date of first disbursement, if there is a change in RPLR, the interest rate on your loan may change.

However, the EMI on the housing loan disbursed will not change #. If the interest rate increases, the interest component in an EMI will increase & the principal component will reduce resulting in an extension of term of the loan, and vice versa when the interest rate decreases.

# Conditions Apply

 

Interest Rate..!

                         

Wef : 1st Oct 2012        RPLR: 16.50 % 

Loan Slabs                                  Applicable Variable rates  %

( Monthly Rest Basis )   Basis : RPLR minus Spread

Upto and including Rs 30 lacs       10.25 % to 10.75 %    RPLR - 6.25 % to  5.75 %

Over Rs. 30 lacs                           10.50 % to 11.50 %    RPLR - 6.00 % to  5.00 %

The above rates are subject to change without notice.

TruFixed Home Loan

Under this product the customer 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 rate product. The customer also has the option, subject to our eligibility norms to take a complete fixed rate term product for a fixed term of 3 to 10 years. Or, he / 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 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 this product.

The applicable interest rates in the Fixed Interest Rate Period (FIRP) are linked to sanctioned loan amount & as per details given below:

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%

Eligibility.!

The product is available to salaried & self-employed customers subject to file being logged in on or / before January 31st 2013 with an end date for the first disbursement on or / before February 28th 2013.

Src: http://www.hdfc.com/rural/rural_housing_finance_features.asp

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