Table of Content
You can get real time updates of the status on the app or on the website. You can also call the customer care number given in the section above and get your details with a missed call or SMS. You must be aware of the status of your loan application after submitting it. There are several ways to accomplish this and for your convenience, this article explains the ways you can check your HDFC home loan application status. For home loan approval, you need to submit the following documents for all applicants / co-applicants along with the completed and signed home loan application form. You can apply for a pre approved home loan which is an in-principal approval for a loan given on the basis of your income, creditworthiness and financial position.
They will update you about your HL status as soon as possible. Pay the processing fee to complete the application process. These articles, the information therein and their other contents are for information purposes only. All views and/or recommendations are those of the concerned author personally and made purely for information purposes. Nothing contained in the articles should be construed as business, legal, tax, accounting, investment or other advice or as an advertisement or promotion of any project or developer or locality.
Home Loan Key Features
Every installment disbursed is known as a 'part' or a 'subsequent' disbursement. For home loans and balance transfer loans, the maximum tenure is 30 years or till the age of retirement, whichever is lower. HDFC will determine your Home Loan Eligibility largely by your income and repayment capacity. Other important factors include your age, qualification, number of dependants, your spouse's income , assets & liabilities, savings history and the stability & continuity of occupation. You can take disbursement of your home loan once the property has been technically appraised, all legal documentation has been completed, and you have made your down payment.
Know the type of loans that can be availed online. You can now apply for a home loan online conveniently from anywhere and at anytime. So start the process of owning your dream home from the comfort of your home.
Home Loans Interest Rate
FLIP offers a customized solution to suit your repayment capacity which is likely to alter during the term of the loan. The loan is structured in such a way that the EMI is higher during the initial years and subsequently decreases in proportion to the income. The Borrower will be required to submit such documents that HDFC may deem fit & proper to ascertain the source of funds at the time of prepayment of the loan. The customer shall pay the premium amounts directly to the insurance provider, promptly and regularly so as to keep the policy / policies alive at all times during the pendency of the loan. Up to 0.50% of the loan amount or ₹3,000 whichever is higher, plus applicable taxes. Check with the lender if the property that you have shortlisted will be considered for a housing loan.
It is up to HDFC to assess your eligibility and ability to repay the EMIs for two home loans. Repayment of home loans is done through Equated Monthly Installments , which is a combination of interest and principal. In the case of loans for resale homes, EMI begins from the month subsequent to the month in which disbursement of the loan is done. In the case of loans for under-construction properties, EMI usually begins once the construction is complete and the house loan is fully disbursed.
Checking HDFC Home Loan Application Status
When the applicant wants to borrow an amount that is beyond their eligibility. It is a loan to extend or add space to your home such as additional rooms and floors etc. Transferring your outstanding home loan availed from another Bank / Financial Institution to HDFC is known as a balance transfer loan. To choose the right home loan for one’s self, the following points should be kept in mind. Please click here to go to English version of the same page.
You only have to get in touch with the bank on the numbers given above and you will receive assistance for the same. The next step is to register on the mobile app with your mobile number that is registered with HDFC Bank. You will then be prompted to create a 6-digit app password. Once this is done, you can start using the app. This will direct you to the page after that.
The reset can be according to the financial calendar, or they can be unique to each customer, depending on the first date of disbursement. HDFC may at its sole discretion, at any point during the subsistence of the loan agreement, alter the interest rate reset cycle on a prospective basis. You are required to pay 10-25% of the total property cost as ‘own contribution depending upon the loan amount. 75 to 90% of the property cost is what can be availed as a housing loan. In case of construction, home improvement and home extension loans, 75 to 90% of the construction/improvement/extension estimate can be funded.
Interest rates may differ depending upon the loan amount, profession (salaried or self- employed) and your credit score among other factors. You can track the status of your HDFC Bank personal loan by providing the reference number you have received at the time of application. You will receive this number in an SMS from the bank. It is necessary to save this number for future reference. You must also provide your registered mobile number to receive the application status. HDFC bank personal loan applicants can check the status of their personal loan on the website of the bank by using either their application name, application reference number and date of birth and mobile number.
You may also choose to log in to the site with your Google ID or Facebook ID and then track the personal loan application status. The reference number is a unique number assigned by HDFC bank to you during loan application. This number is mandatory to check your HDFC home loan status online or on the bank’s mobile app. Call the HDFC Ltd. customer service line to inquire about the status of your home loan.
The phone number to contact HDFC Ltd. is shown below for your convenience. Keep your application ID or reference number close at hand at all times to check the status of your home loan application. To contact HDFC Ltd., dial one of the numbers provided below. The documentation needed to be submitted along with your home loan application form is available here. This link provides a detailed checklist of KYC, Income and property related documents required for the processing of your home loan application. The checklist is indicative and additional documents could be asked for during the home loan sanction process.
Loans for construction on a freehold / lease hold plot or on a plot allotted by a Development Authority. At HDFC, we understand that a home is not just a place to stay. It is a warm little corner in the world that is yours, tailored by your tastes and needs. It is the place where you celebrate the joys and enjoy the journey called life. There is no place like 'home' and with HDFC Home Loans you can gather hopes, achieve your dreams and create memories in your own space. However, it is advisable that you buy insurance for protection against any unforeseeable circumstances.
Obtain your credit report periodically, say once or twice in a year, verify the same for errors and get them rectified as and when required. If you are self-employed, in addition to the above information, we also assess the sustainability of business, and stability of cash flow. You can call on these numbers between 8 a.m. On all days including Sundays and bank holidays. You need to enter your mobile number to receive the verification code sent by the bank.
No comments:
Post a Comment