HDFC Bank Home Loans

HDFC home loans are the most favorite finance option of Indian borrowers after considering the ICICI Housing Finance schemes.

Housing Development Finance Corporation Limited of India has many schemes open for funding the hosuing loan needs of its customers.

HDFC has automatic EMI collection method through which the savings account of the customer is debited every month.

This is an easy process for the borrower , who only has to deposit money in his savings account.

The correct EMI amount will be withdrawn every month to the loan account.

So there is no need of submitting cheques to the bank and there are no worries of the cheques getting returned.

HDFC home loans are given at attractive fixed and floating interest rates.

Special repayment schemes can be decided bythe customers through facilities provided by HDFC like Step Up Repayment and Accelerated Repayment Schemes.

Currently till 2011 March , the interest rates on HDFC home loans is 8.50 % and from April 2011 to March 2012 the interest rates on loans will increase to about 9.25%.

Customers who have taken Home loans from HDFC has the option to easily take other loans from this bank. 

May such loans that are offered to existing customers are Personal Loans, Car finance Loans, 2 wheeler Loans .etc at cheap interest rates.

Various types of HDFC Home loans are ,

HDFC Home Purchase Loan - With this loan a customer can purchase new or old houses and build homes.

HDFC Home Improvement Loan - With the help of Home Improvement Loans , it is possible to do repairs or maintenance of houses.

HDFC Home Extension Loan - These loans are useful for the extension works of a house , like adding new rooms , bathrooms or levels to an existing house.

HDFC Land Purchase Loan - Finance given for the purchasing of land or site for the construction of house or property in future.