Home Loans

You can buy a self-contained flat in an existing or proposed co-operative society, in an apartment owner's association or even an independent single-family or multi-family bungalow or row house as well as a house that you like anywhere in India.

Adjustable Rate Home Loan

Few banks have introduced an Adjustable Rate Home Loan facility to enable a well informed, market savvy customer to take benefit of the interest rate movements.

Land Purchase Loan

Land Purchase Loan is a convenient loan facility to purchase your land. Be it the land for your dream house, or just an investment for the future.

Home Improvement Loan

Few banks have "Home Improvement Loan", will provide you loans to finance any improvements that will increase the value of your home, contribute to a better living environment and add value to your house. Some of the home improvements you could undertake Home Improvement Loans: External repairs, Waterproofing and roofing, Internal and external painting, Plumbing and electrical work, Tiling and flooring, Grills and aluminum windows, Waterproofing on terrace, Construction of underground/overhead water tank, Paving of compound wall (with stone/tile/etc.), Borewell etc

Home Extension Loan

HDFC Home Extension Loan is a convenient loan facility to extend or add space to your house. Be it an additional room on the same floor or the terrace, a larger bathroom, or even enclosing an open balcony, the Home Extension loan will facilitate your home extension plans.

Short-Term Bridging Loan

With Short-Term Bridging loan, you can plan to move out of your present house and buy a bigger and better house. The Short-Term Bridging loan will help you in the interim period between the sale of your old house and the purchase of a new house.

Non-Residential Premises Loan

This Non-Residential Premises Loan facilitates professionals to purchase or construct their own office premises, or even renovate their existing office premises. Professionals who are eligible for this loan: Doctors, Chartered Accountants, Lawyers and Other self-employed professionals.

Home Equity Loans

Encash your investment in a dwelling unit without having to dispose it off with the Home Equity Loan.

Do not lock into a fixed rate loan

In an falling interest rate scenario you would be better of taking a Floating rate loan as the interest rate will get reset to a lower rate periodically. Even if you must take a fixed rate loan due to an attractive interest rate offer, take it from a bank that has no prepayment penalty. Most lenders charges up to 2% of the loan amount as a prepayment penalty for a FULL repayment of the loan. (Others permit part payment of the loan with no penalty).

Further, please check with the bank as to how frequently they pass on the benefit of falling interest rates to old customers. Some public sector banks do so only once in 12 months while some private sector lenders do it as frequently as a quarter. Though the current interest rate quotes maybe lower, over the life of the loan, you will save more in the case of a lender who resets your floating rate more frequently.

If you think that rates will increase at any point of time in the future, you can always use our refinance module to prepay the old loan and lock into a fixed rate loan. Please check with this website frequently to decide when to refinance an earlier loan.