HDFC Home Loan Eligibility Criteria, Apply, Age Limit, Eligibility Calculation
In a country like India which has a huge population it is like a dream for most of the middle class people to have their own house. Having an own house will have its own satisfaction and there is no burden of paying monthly rents. One can instead pay monthly installments than paying rents. The housing development finance corporation has been emerged with such thought. One can get home loan from the HDFC bank and fulfill their dream of own house.
HDFC Home Loan Eligibility Criteria
Now let us see some of the basic criteria one should have to be eligible for the HDFC home loan.
- One should not be less than 24 years old age and also to the maximum of 60 years of years for the employees and 65 years for the self employed persons.
- A person can take a repayment period of up to 30 years and a maximum amount of 10cr.
Also make a note that your financial position also plays a major role in decision. A regular and stable income is always preferred so that the banker will have an opinion that you can repay your loan periodically without any trouble. The credit score and the credit history do impact your chances of getting home loan. If you are guarantor for any of your friends or family member’s loans, make sure there are no defaults in those loans for showcasing your clean financial profile.
Keep following this site at net-banking.co.in for more updates and any information about the home loans and the bank policies about the changes in the interest rate.