Hdfc Home Loan Interest Rates 2012

Recent orders issued by the RBI to exclude stamp duty

, registration and other duty charges from the home loan amount extended by the bank has delivered a severe blow to the customers seeking financial assistance.

Much to their sorrows and agony, the new RBI regulation translates into customers shelling out more to cover the above mentioned expenses. However, with HDFC Bank customers can be sure of acquiring their dream home with a thumping confidence. With over 33 years of lending experience in the arena of housing finance in India, HDFC bank stands true to its name when it comes to housing development helping millions achieve their much envisaged dream shelter.

Housing finance, an area where even well-established lenders are jostling among themselves to provide the best home loan packages with attractive features given the home loans getting more expensive, HDFC Bank boasts of its customized, customer-friendly home loan deals. With over 3 decades of lending experience, the banks delivery of product and services is marked by quality, care and guidance.

With housing finance markets buzzing with the best home loan deals promoted by various bank, customers can safely rely on HDFC without much ado.HDFC Home Loan comes with easy loan processing, pre and/or repayment options, EMIs and other such features which are generally customized based on the applicants eligibility as determined by the bank.

Apart from the regular purpose, loan can be procured for renovation, conversion, extension etc based on the customers need. Having a vast network of well-connected branches, the bank provides professional services to its customers with a personal touch, in the form of step-by-step counseling and guidance.

No matter howsoever easy or convenient the process appears to be, the interest rates are always a point of concern for the customers. However, it is the HDFC Home Loan that sets itself aside from its competitors. HDFC Home Finance Rates are one of the most competitive in the industry, making it hard for the customers to ignore. It is based either on fixed interest Rate or floating rates.

Fixed rates, as the name suggests, remains fixed although it can be revised by the bank after a few years. However, floating interest rates comes with variable interest rate depending on the macroeconomic policies of the RBI.

Applicable Rates

(Monthly Rest Basis)

Upto and including Rs 30 lacs

Rs.30.01 lacs to Rs.75 lacs

Over Rs.75 lacs

Fixed rates%

12.25

12.50

13.00

Variable rates%

10.75

11.00

11.50

Basis%

RPLR

RPLR - 5.75

RPLR -5.50

RPLR - 5.00

Afterwards, an interest rate of 10.50% or the one applicable at the time will be charged. Along with the interest rates, a processing fee of 0.5% or a maximum of Rs 10,000/- is charged plus a service tax of 10.30 % is levied. Along with the interest rates, customer may have to incur processing charges and other miscellaneous expenses. With HDFC Home Loan Interest Rate being the most competitive, the bank is bound to enjoy tremendous customer patronage.

by: Money Laxmi

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