HDFC NRI
HDFC NRI Home Loan: Get Details on Home loans For NRI from HDFC Ltd. Check Interest Rates, Documents, EMI, Eligibility and Other Fee & charges charged by Bank.
Security for the loan is a first mortgage of the property to be financed, normally by way of deposit of title deeds and/or such other collateral security as may be necessary. Interim security may be required, if the property is under construction.
| Interest Rates Upto 75Lac | 8.65% - 8.70% |
| Interest Rates Above 75Lac | 8.70% - 8.75% |
| Min. EMI per 1 Lakh | Rs.779 (women), Rs.783 (others) |
| Processing Fees | 1.25% or Max. Rs.3000 |
| Max. loan amount abv 30 lakh | 75 - 80% |
| Min. Income per month | 12000 |
Maximum loan
80% of the cost of the property (including the cost of the land) and based on the repayment capacity of the customer.
Maximum Term
Certain Professionals – 20 years Others – 7 years
Applicant and Co- Applicant to the loan
Home Loans can be applied for either individually or jointly. Proposed owners of the property, will have to be co-applicants. However, the co-applicants need not be co- owners.
Adjustable Rate Home Loan
Loan under Adjustable Rate is linked to HDFC’s Retail Prime Lending Rate (RPLR). The rate on your loan will be revised every three months from the date of first disbursement, if there is a change in RPLR, the interest rate on your loan may change. However, the EMI on the home loan disbursed will not change*. If the interest rate increases, the interest component in an EMI will increase and the principal component will reduce resulting in an extension of term of the loan, and vice versa when the interest rate decreases.
Documents
Application form with photograph
Photocopy of the Employment Contract or Labour Contract and English translation countersigned by your employer
Latest salary certificate (in English) specifying the following
Name (as it appears in the passport)
Date of joining
Passport Number
Designation
Perquisites and salary
Photocopy of Identity card / Labour card
Photocopy of latest work permit
Photocopy of valid resident visa stamped on the passport
Overseas Bank Account and NRE/NRO statement for the last six months.
Continuous Discharge Certificate (CDC)- if applicable
Latest Credit Bureau Report [Applicable to customers residing in countries where Credit Bureaus exists. eg. USA, UK etc.]
Property related documents
Processing fee cheque
Purpose
No Charges for
Multiple Repayment Option
Security for the loans