Thank You
For Your Request.
HDFC Sales representative will get in touch with you soon.
Follow Us:
I am
A home is usually said to be a reflection of its owner. You can now spruce up your home and make renovation a milestone as memorable and enjoyable as home buying. With HDFC's Home Renovation Loans you can upgrade your existing home to a contemporary design and a more comfortable living space.
Step 1: Visit the website of the online home loan provider – https://www.hdfc.com
Step 2: Click on ‘Apply for Home Loan’
Step 3: To find out the home loan amount you are eligible for, click on ‘Check Eligibility’.
Step 4: Under the ‘Basic information’ tab, select the type of housing loan you are looking for (home loan, house renovation loans, plot loans, etc.). You can click on the link beside the loan type for more information.
Step 5: If you have shortlisted a property, click on ‘yes’ in the next question and provide the property details (state, city and estimated cost of property); if you haven’t yet decided on the property, select ‘no’. Fill in your name under ‘Applicant’s Name’. If you want to add a co-applicant to your home loan application, select the number of co-applicants (you can have a maximum of 8 co-applicants).
Step 6: Under the ‘Applicants’ tab, select your residential status (Indian / NRI), provide the state and city you are currently residing in, provide your gender, age, occupation, retirement age, email ID and mobile number, gross/total monthly income, and EMI paid each month for all existing outstanding loans.
Step 7: You will then be taken to the ‘Offers’ tab where you will see home loan products that you can avail of, the maximum loan amount you are eligible for, the EMI payable and the loan tenure, interest rate and whether the interest is fixed or floating.
Step 8: Select the loan product you would like to apply for. You will be taken to the home loan application form where the details you have already provided (such as your name, email ID, etc) will be prefilled. Fill in the balance details – your date of birth and password and click on ‘Submit’.
Step 9: You will then be required to upload all the documents.
Step 10: Now all you have to do is pay the processing fees and your online housing loan application is complete.
HDFC is India’s premier housing finance company offering a wide range of home loan products that are customized to your needs and can be comfortably repaid over a longer tenure. HDFC’s end-to-end digital home loan application process, integrated branch network across the county and 24X7 online assistance can make your home owning journey a memorable one.
You can now apply for a home loan online in 4 simple steps with HDFC’s quick and easy apply online module.
The following points need to be kept in mind before applying for a home loan
| Do’s | Don’ts |
|---|---|
|
Check your housing loan eligibility before starting your home loan application |
Avoid making an application for an adhoc loan amount without checking your eligibility |
|
Go through the list of documents required and keep them ready before starting your online application process |
Don’t leave out submitting important documents. |
|
Be clear about the type of loan you need (home loan, home improvement loan, plot loan, etc.) |
Don’t ignore you CIBIL score while making your loan application (your score has an impact on your loan application) |
|
Read the FAQs before starting your loan application process |
|
|
You could use the online chat facility if you have any queries. |
|
|
Make sure you provide all the details that the home loan provider will need to process your application. |
|
A home is usually said to be a reflection of its owner. You can now spruce up your home and make renovation a milestone as memorable and enjoyable as home buying. With HDFC's House Renovation Loans you can upgrade your existing home to a contemporary design and a more comfortable living space.
21-65 years
Salaried / Self Employed
Resident Indian
All Genders
Adding Co-Applicant helps in maximizing the loan amount.
Adding Women Co-Owner helps in getting better interest rate.
All co-applicants need not be co-owners. Generally co-applicants are close family members.
It is a loan for renovating(without altering the structure/carpet area) your home in ways like tiling ,flooring, internal / external plaster and painting etc.
Any person who wishes to carry out renovation in their Apartment/Floor/Row house. Existing home loan customers can also avail a House Renovation Loans.
You can avail a House Renovation Loans for a maximum term of 15 years or till your age of retirement ,whichever is lower.
Interest rates applicable on house renovation loans do not differ from the interest rates of home loans.
House Renovation Loans can only be used to fund the purchase of immovable furnitures and fixtures
Yes. You are eligible for tax benefits on the principal components of your house renovation loan under the Income Tax Act, 1961. As the benefits could vary each year, please do check with our Loan Counselor about the tax benefits which you could avail on your loan.
Security of the loan would generally be security interest on the property being financed by us and / or any other collateral / interim security as may be required by us.
You can take disbursement of the loan once the property has been technically appraised, all legal documentation has been completed and you have invested your own contribution in full.
We will disburse your loan in installments based on the progress of construction/renovation as assessed by HDFC.
