Our tailor made home loans caters to customers of all age groups and employment category. We provide longer tenure loans of up to 30 years, telescopic repayment option, under adjustable rate option that specifically caters to younger customers to become home owners at an early stage of their life.
With our experience of providing home finance for over 4 decades, we are able to understand the diverse needs of our customers and fulfill their dream of owning a home .
How to use HDFC Bank's Home Loan EMI Calculator?All you need to do is input the following to arrive at your EMI:
Loan Amount: Input the desired loan amount that you wish to ail Loan Tenure (In Years): Input the desired loan term for which you wish to ail the housing loan. A longer tenure helps in enhancing the eligibility Interest Rate (% P.A.): Input interest rate. 'Click Here to Know the Prevailing Home Loan Interest Rates' What is Home Loan Amortization Schedule?Loan amortization is the process of reducing the debt with regular payments over the loan period. A home loan amortization schedule is a table giving the details of the repayment amount, principal and interest component.
HDFC Bank’s EMI calculators give a fair understanding about the ratio of the principal amount to the interest due, based on the loan tenure and interest rates. EMI calculator also provides an amortization table elucidating the repayment schedule. HDFC Bank’s home loan calculator provides a complete break-up of the interest and principal amount.
HDFC Bank offers various Repayment Plans enhancing Home Loan Eligibility:HDFC Bank offers various repayment plans for maximizing home loan eligibility to suit diverse needs.
Step Up Repayment Facility (SURF)SURF offers an option where the repayment schedule is linked to the expected growth in your income. You can ail a higher amount of loan and pay lower EMIs in the initial years. Subsequently, the repayment is accelerated proportionately with the assumed increase in your income.
Flexible Loan Installments Plan (FLIP)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.
Tranche Based EMIIf you purchase an under construction property you are generally required to service only the interest on the loan amount drawn till the final disbursement of the loan and pay EMIs thereafter. In case you wish to start principal repayment immediately you may opt to tranche the loan and start paying EMIs on the cumulative amounts disbursed.
Accelerated Repayment SchemeThis option provides you the flexibility to increase the EMIs every year in proportion to the increase in your income which will result in you repaying the loan much faster.
Telescopic Repayment OptionWith this option you get a longer repayment tenure of up to 30 years. This means an enhanced loan amount eligibility and smaller EMIs.
Estimate EMIs of your housing loan by using our feature rich EMI calculator, now!
After getting an estimate of EMI using the calculator, you can apply for a home loan online from the comfort of your living room easily with Online Home Loans by HDFC Bank.
What is a Pre-Approved Home Loan?HDFC Bank also offers a facility of a pre-approved home loan even before you he identified your dream home. A pre-approved home loan is an in-principal approval for a loan given on the basis of your income, creditworthiness and financial position.
Apply for a home loan online with HDFC Bank, click Apply Online
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