hdfc-home-loan

a. Age: 21 to 65 years

b. Credit score: No credit score requirement is specified; however, a higher credit score can lower the rate
of interest charged.

c. Employment type: Home loans are provided to salaried individuals, self-employed professionals, and
self-employed non-professionals.

d. Minimum net income (monthly): Not specified, but factors like income level, interest rate, tenure, and
existing liabilities influence the eligibility.

e. Work experience: Not specified; however, income proof of three to six months is sought from salaried
applicants and three years in the case of self-employed professionals. Also, the retirement age has an
influence on home loan eligibility

All borrowers have to submit the following documents:

· Duly filled home loan application form.

· Proof of identity and residence (KYC documents) such as Aadhar Card, Passport, Voters ID, etc.

· Proof of income such as salary slips or ITR for last 3 years.

· Property related documents such as allotment letter, title deeds of the plot etc.

· Other documents like own contribution proof, employment contract, bank statement for last 6 months showing repayment of any ongoing loans, passport size photograph and cheque for the processing fee etc.

All borrowers have to submit the following documents:

· Duly filled home loan application form.

· Proof of identity and residence (KYC documents) such as Aadhar Card, Passport, Voters ID, etc.

· Proof of income such as salary slips or ITR for last 3 years.

· Property related documents such as allotment letter, title deeds of the plot etc.

· Other documents like own contribution proof, employment contract, bank statement for last 6 months showing repayment of any ongoing loans, passport size photograph and cheque for the processing fee etc.

Special adjustable home loan rates of 8.40% onwards per annum. Interest rates are subject to change depending on HDFC’s RPLR.