HOME IMPROVEMENT LOANS

Resident Indians
External repairs, internal repairs… need to get your house back in shape? Losing sleep over how much the repairs are going to cost।


Purpose
External repairs
Tiling and flooring
Internal and external painting
Plumbing and electrical work
Waterproofing and roofing
Grills and aluminum windows
Waterproofing on terrace
Construction of underground/overhead water tank
Paving of compound wall (with stone/tile/etc.)
Borewell
Maximum loan
Existing Customer 100% of the cost of improvement
New Customer 85% of the cost of improvement
Subject to market value of the property
Maximum Term15 years subject to your retirement age
Applicant and Co- Applicant to the loanHome Loans can be applied for either individually or jointly. Proposed owners of the property, will have to be co-applicants. However, the co-applicants need not be co- owners.
Adjustable Rate Home LoanLoan under Adjustable Rate is linked to HDFC's Retail Prime Lending Rate (RPLR). The rate on your loan will be revised every three months from the date of first disbursement, if there is a change in RPLR, the interest rate on your loan may change. However, the EMI on the home loan disbursed will not change*. If the interest rate increases, the interest component in an EMI will increase and the principal component will reduce resulting in an extension of term of the loan, and vice versa when the interest rate decreases.