Different Types of Housing Loans
1 Loans for Purchasing Home
- Loan is provided for buying new home.
- Eligibility Criteria –
Age between 18–65 years
Minimum employment of 2 years (If salaried)
Minimum employment of 5 years (If self-employed)
Credit score of 750 or above
2 Plot Loans
- Loan is provided to buy land required for house construction.
- Eligible for Salaried and Self-Employed professionals between 18–65 years of age.
3 Rural Housing Loans
- Specially designed for Agriculturists, Planters, Horticulturists, and Dairy Farmers to buy houses in the rural or urban areas.
- Loans are available for Salaried and Self-Employed who want to buy property in their village.
- Eligible for people between 21–65 years of age
- Loan is provided to finance an applicant’s home renovation and repairs.
- Eligible for people between 18–65 years of age.
5 Home Extension Loans
- Loan is provided for construction of new rooms or expansion of the existing house.
- Eligible for Salaried and Self-Employed professionals between 18–65 years of age.
- Customers with an existing Home Loan, Home Improvement Loan or a Home Extension Loan can apply for a Top Up Loan.
- Eligible after 12 months of the final disbursement of your existing Home Loan.
- Eligible for people between 21–65 years of age.
Summary
- Banks and NBFCs provide loans for different stages like land purchase, construction, extension, etc.
- We recommend employing a Home Loan EMI Calculator and Home Loan Eligibility Calculator to enable better financial planning.
Visit https://www.hdfcsales.com/housing-loans for more information.
HDFC home loan
HDFC home loan eligibility calculator
HDFC home loan EMI calculator
HDFC home loan calculator
Home loan eligibility
Home loan eligibility criteria
Check home loan eligibility
home loan eligibility
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