Home is where the heart is and if you have set your heart on buying a home for yourself, HDFC is there to fulfill your dreams.

Even though the price of homes has been rising steadily for the past four years from about Rs 25 lakh in 2008-09 to over 45 lakh in 2012-13, more and more people now find it affordable to buy a new home or repair existing homes, due to a corresponding rise in monthly incomes, as well as several home loan options with lower interest rates and various tax incentives.

According to HDFC, where the home buyer had to spend almost 22 times his annual income to own a house in 1994-95, the ratio has fallen to a mere 4.7 in 2012-13 and may decline even further in the coming years. This affordability ratio certainly is encouraging, especially for the aspiring young home owner.

That is where HDFC can step in. The bank has over 30 years’ experience in Home Loans. The EMIs are affordable and they have a range of products that you can choose from, depending on your requirement.

The HDFC Housing Finance Suite includes:

Home Loan

This is for an individual who wishes to buy a house, either new or on resale or construct one. HDFC can finance up to 80% of the cost, depending on what your capacity for repayment is. You can apply either as an individual or jointly for the loan.

Home Improvement Loan

Home Improvement Loans enable you to keep up with the latest trends as far as interior designing goes. Changing the looks of your home every now and then was never so easy. This loan covers all internal and external repairs and upkeep, including plumbing, electrical works, roofing and waterproofing. Aesthetic improvements like tiling and flooring, painting, windows etc. HDFC can finance upto 85% of the cost subject to 80% of the market value, the assessment of which will be done by them.

Home Extension Loan

As your family grows, you can extend your existing home by adding rooms for your children or create private space for yourself where you can spend your time of leisure, be it a reading room and a cozy corner or even a room where the family can spend some fun time together. Here too, HDFC can finance upto 85% of the cost subject to 80% of the market value, the assessment of which will be done by them.

Automated Repayment of Home loan EMI

HDFC offers a facility whereby your Home Loan EMI can be debited directly from your HDFC savings account, if you so instruct. This saves you the trouble of keeping a track of your post-dated cheques.

HDFC can also analyze your Property documents,if you so wish.

HDFC Home Loan Protection Plan

This plan is to ensure that your family is protected from the liabilities of your loan in the event of your untimely demise. The plan safeguards the repayment of your housing loan by ensuring that a sum of money is available for your family to do so.

Advantanges for HDFC Home Loan Customers

An existing HDFC home loan customer can easily avail other loans (such as Personal Loans, Car Loans, Two-wheeler Loans and Loan against securities) at lower interest rates.

With all the facilities and schemes that are on the offer by HDFC, you can bid adieu to all your worries about financing your dream home. Buying a home has become as easy as walking into a showroom and driving out with a new car!