HDFC Home Loan Interest Rates April 2020, How to Get HDFC Home Loans Easily..,
The housing development finance corporation which is more known to us as HDFC is one of the largest private sector financial services providing various services to its customers and stakeholders.
The inception of this financial institution has been done in August in the year 1995 and has been running successfully throughout the country with headquarters in the city of Mumbai. With a employee base of around one lakh serving the needs of the customers, the bank serves the customers to the highest point possible and struggles towards the satisfaction of the changing needs of the customers. The key products of the Housing development finance corporation includes debit cards, credit cards, loan facilities, banking services, insurance services and also investment management and many more facilities to help the customers meet their expectations.
Since its inception the finance institution took various measures and kept improving itself to withstand the competition in the market and from one branch in 1995 the bank grown up to a stage where it has now branches all over the country in every corner the country counting to around 5000 branches spread over 3000 areas rendering various services to its customers.
The interest rate provided by any financial institution is always the main base for the customers, customer does look for the trust and the service provided by the institutions but then customers do look for good interest rate which is beneficial for them and is within their budget.
In this article let us have a clear idea of the most important basic things an individual should understand about housing loan and the various aspects of home loan which includes HDFC home loan interest rate in April 2020 and also how to get HDFC home loans easily.
HDFC home loan Interest Rate April 2020
The housing development finance corporation does make sure to pin their interest rate at a level that meets the requirements of the customers as well as that is beneficial for the institution too and to maintain themselves in the competitive environment. The HDFC home loan interest rate for the month of April month 2020 stood in between 8.10 to 9.20 percent.
However there are loan slabs that once need to keep in mind while calculating their interest rate. For women up to 30 lakhs the interest rate is 7.85 to 8.35 and for others loan amount up to 30 lakhs the interest rate is 7.85 to 8.35.
For women from 30 lakhs to 75 lakhs the interest rate that is offered is 8.00 to 8.50. For men loan amount from 30 lakhs to 75 lakhs the interest rate that is offered is 8.00 to 8.50. For both men and women any loan above 75 lakhs the interest rate will be in between 8.10 to 8.60.
Keep in mind that the interest rates keeps changing as per the company policies and also based on the external environment and also on the other changing factors and also basing on the interest rate of the competitors in the market.