How to apply for HDFC home loan on Paisabazaar.com

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Every middle class Indian family dreams of buying a home, but can seldom afford to do so based completely on their savings. Most home buyers depend on home loans for buying property. The popularity of home loans is also on the rise due to easy availability and affordable interest rates. A home loan is a secured loan and hence the rate of interest on it is low compared to unsecured loans like personal loans. At the same time, all banks and financial institutions provide various home loan products to their customers.

hdfc-home-loan

HDFC bank is a private sector bank and has quite a formidable reputation as far as banks go. HDFC has come up with various home loan products for its customers and you can even apply for an HDFC home loan online. This can be done on the official website of HDFC bank and also on the websites like paisabazaar.com. The added benefit of applying for home loans on paisabazaar.com is that you can compare the home loan products offered by different banks and financial institutions and choose the one that suits you the best. HDFC home loans are quite popular among home buyers due to competitive interest rates and customer friendly terms and conditions.

How to apply for HDFC home loan on paisabazaar.com

When you open the official website of paisabazaar.com, you need to go to the home loan section. On this page you will find general information about home loans and what you should bear in mind before opting for them. There is also an online form which asks for some personal and financial details and by filling out and submitting this form, you will get information about the different home loan products suitable to you. If you want to apply for the home loan from any particular bank like HDFC then you should click on the ‘HDFC bank home loan’ link provided on the right hand side of the page. This will lead you to another page on which specific information about the HDFC home loan products is given. On this page you will also find an online form asking for your full name, email address and phone number. When you fill out this form and submit it, you will be contacted by an HDFC bank home loan executive in a couple of days. You can discuss your home loan requirement with him or her and apply for the loan.

Why you should opt for HDFC bank home loan

There are different types of home loan products offered by HDFC bank which are as follows:

  • HDFC home loan to construct a house or purchase a house
  • HDFC home improvement loan
  • HDFC home extension loan
  • HDFC limited home loan for farmers and rural areas
  • HDFC home loan for agriculturists
  • HDFC rural housing finance for salaried and self employed

HDFC home loans are available with the minimum hassle and the personal and financial information shared with the bank is kept confidential. With HDFC bank home loans you have the option of having partly fixed and partly floating rate of interest, which is like having best of both worlds. You can make monthly payments of EMI through post dated cheques, ECS and Auto debit facility.

Eligibility criteria for HDFC bank home loan

An applicant who wants to avail HDFC home loan should meet some eligibility criteria as required by the bank. Checking your eligibility is quite simple, because you can simply log on to the official bank website or paisabazaar.com and check the eligibility criteria published there. As mentioned above, the bank offers different types of home loan products and the eligibility criteria for all of them are different. You can also study the information regarding the documents that you need to submit at the time of application for the loan. This information is also published on the bank official website and paisabazaar.com

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