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There are many reasons why your loan application could be rejected. The most common reason is poor credit history. If you have defaulted on your loan earlier, you are likely to have a low credit score. In this case, your loan application will be rejected by the bank.
Loans for construction on a freehold / lease hold plot or on a plot allotted by a Development Authority. At HDFC, we understand that a home is not just a place to stay. It is a warm little corner in the world that is yours, tailored by your tastes and needs. It is the place where you celebrate the joys and enjoy the journey called life. There is no place like 'home' and with HDFC Home Loans you can gather hopes, achieve your dreams and create memories in your own space. However, it is advisable that you buy insurance for protection against any unforeseeable circumstances.
Home Loan FAQs
HDFC is India’s premier housing finance company offering a wide range of home loan products that are customized to your needs and can be comfortably repaid over a longer tenure. HDFC’s end-to-end digital home loan application process, integrated branch network across the county and 24X7 online assistance can make your home owning journey a memorable one. Home loans have one of the lowest interest rates as compared to other loan products such as auto loans and personal loans. Opt for a home loan provider who offers longer tenure loans, flexible repayment options etc.
Select the loan product you would like to apply for. You will be taken to the loan application form where the details you have already provided will be prefilled. Fill in the balance details – your date of birth and password and click on ‘Submit’. What details do you require to check the status of your home loan application?
HDFC LTDHome Loan
I hereby authorize HDFC Ltd. and its affiliates to call, email, send a text through the Short messaging Service and/or Whatsapp me in relation to any of their products. The consent herein shall override any registration for DNC/NDNC. A GST rate of 18% will be applicable on banking services and products from 01 July, 2017. The status of your loan will be displayed immediately after you enter the necessary details and click on the track application button. You will then have the option of checking the status of your personal loan.
Choose a home loan provider who is transparent w.r.t. processing fee and other related charges. Improve your credit score by creating a reasonable track record of timely repayments so that you achieve a high credit score which would improve your prospects of getting a home loan. Interest rates on home loan are lower than other types of loans. Availing a housing loan has become very affordable today.
Home Loan Application Process
Applicants can check the status of their personal loan using their reference number and mobile number. If the application has been made offline, can it then be tracked offline? Yes, even if you have made your HDFC Bank home loan application directly through one of the bank’s branches, you can still track the status of your application online through the website or the mobile app. You can check the HDFC home loan application status using the HDFC bank website and the HDFC mobile app. Home loan is a form of secured loan that is availed by a customer to purchase a house. A housing loan is repaid through equated monthly installments which consists of a portion of the principal borrowed and the interest accrued on the same.
Download the app ‘Loan Assist – HDFC Bank Loans’ either on the Google Play Store for Android phones or on the App Store for iPhones. On the next page, you will see the ‘Track Your Application’ section. Here, there are two fields to enter your User ID and password which would be given to you at the time of application. The status of your home loan application will be displayed on the next page. You can avail two home loans at the same time. However, the approval of your loan depends on your repayment capacity.
You may be eligible for tax benefits on repayment of the principal and interest components of your Home Loan as per sections 80C, 24 and 80EEA of the Income Tax Act, 1961. Since the benefits may vary each year, please do consult your chartered accountant/ tax expert for the latest information. With this option you get a longer repayment tenure of up to 30 years. This means an enhanced loan amount eligibility and smaller EMIs.
Here, you will find two fields where you can enter your User ID and password which would be given to you at the time of application. After applying for the loan, you want to know the status of your application. Check your credit score regularly to identify errors and get the same rectified.
Before proceeding further you should have verified that the laws of your country/jurisdiction applicable to you permit the usage of this website from the country that you are accessing the website from. Potential IDBI Bank bidders have asked the government for tax benefits from the accumulated ₹45,000 crore losses to accrue to the acquiring entity in case the lender is merged with another bank. Details of ongoing loans of the individual and the business entity including the outstanding amount, instalments, security, purpose, balance loan term, etc. The Pradhan Mantri Awas Yojana -Housing for All was a mission that was launched by the Government of India with the aim of boosting home ownership. The PMAY scheme caters to Economical Weaker Section /Lower Income Group and Middle Income Groups of the society, given the projected growth of urbanization & the consequent housing demands in India. For Home Renovation and Top-Up Loans, the maximum tenure is 15 years or till the age of retirement, whichever is lower.
To get the number, you can refer below to know the phone number to contact HDFC Ltd. As always, keep your application ID/reference number handy to ascertain the status of your home loan application. Once you have applied for a home loan through HDFC Bank, you would want to know what the status of your application is. This can be checked online as well as offline, on your mobile device as well as on a personal computer. If you have applied for HDFC Bank home loan through BankBazaar, you can track your application status on the BankBazaar website too by clicking on ‘Track Application’ on the top right-hand corner of the site.
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