Applicant and Co- Applicant to the loan
Home 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 coowners.

Adjustable (Variable) Rate Home Loan
Loan 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.

Fixed Rate
The rate of interest will be fixed in this case.

Purpose of Home Loans
Purchase of Villa, Flat, row house, bungalow from developers
Existing freehold properties
Properties in an existing or proposed co-operative housing society or apartment owner's association

Documents Required for NRi
Application form with photograph
Photocopy of the Employment Contract or Labour Contract and English translation countersigned by your employer
Latest salary certificate (in English) specifying the following:
Photocopy of Identity card / Labour card
Photocopy of latest work permit
Photocopy of valid resident visa stamped on the passport
Overseas Bank Account statement for the last six months.
Latest Credit Bureau Report [Applicable to customers residing in countries where Credit Bureaus exists. eg. USA, UK etc. Not Applicable for Gulf Countries]
Processing fee cheque

Documents Required for Others