The HDFC Bank Rs 40 Lakh Home Loan helps you take the first step towards creating your own space. You can use the Home Loan funds to:
Purchase an under-construction or ready property from a developer.
Buy a resale property.
Build a housing unit on a plot of land.
Make improvements and extensions to your existing house.
What are the benefits of this Home Loan?
HDFC Bank offers you multiple benefits with the Rs 40 Lakh Home Loan such as:
Competitive interest rates
Flexible tenure
Easy repayment options
Pocket friendly EMIs
Doorstep service for loan application
You have to pay 10-25% of the total property cost as your contribution depending upon the loan amount. HDFC Bank Home Loan helps you with 75-90% of the property cost.
How to apply for a Rs 40 Lakh Home Loan with HDFC Bank?
The loan application process is simple. You can apply for a Rs 40 Lakh Home Loan online with these steps:
Step 1: Visit the official HDFC Bank website
Step 2: Navigate to the loan application tab.
Step 3: Key in your verification details such as Aadhaar card, proof of income, and so on.
Step 4: Upload the required documents
Step 5: Pay the processing fees.
The bank will verify your information and check your credit score. If this information is satisfactory, your loan application will be approved, and the disbursal of your loan will be done shortly.
You can also request a call back from our representatives via our official website. HDFC Bank provides you with legal and technical counselling services to help you make a wise home-buying decision.
What is the EMI for Rs 40 Lakh Home Loan?
The Equated Monthly Instalment (EMI) for your loan will depend on three factors:
Loan Amount
Loan Tenure
Interest Rate (% P.A)
You can use the HDFC Bank EMI Calculator to get a better picture of your Home Loan with our bank. This calculator is designed to help you plan your cashflows for servicing your home loan and make an informed decision. Follow these simple steps to get an estimate of your EMI:
Step 1: Enter the desired loan amount.
Step 2: Select the desired loan term you wish to avail the Home Loan for. A long tenure helps in enhancing the eligibility.
Step 3: Enter the prevailing interest rate.
Your estimated EMI will be displayed on the screen. You can either apply for the loan immediately or send a request to contact you. To know the best amount that suits your pocket, you can try different variations of interest rate and tenure. For example, you can check the EMI for Rs 40 Lakh Home Loan for 10 years, 20 years and so on. The maximum repayment tenure for Home Loan is 30 years.
What are the various repayment options?
HDFC Bank offers you a host of repayment options, some of which are:
You can issue standing instructions to the bank to pay the instalments through the Electronic Clearing System (ECS).
You can opt for direct deduction of monthly instalments by your employer.
You can issue post-dated cheques from your salary account.
Existing HDFC Bank customers can give us standing instructions to repay their Home Loan EMIs directly from their HDFC Bank Savings Account.
HDFC Bank offers complete transparency when it comes to dealing with its customers. Our website and representatives mention all charges while giving you the loan quote, thereby eliminating any last-minute hidden charges.
Click here to apply for HDFC Bank Rs 40 Lakh today!
Looking to apply for a 30 Lakh Home Loan? Click here to read more! If you’re looking for a 50 Lakh Home Loan, click here to read more.
*Terms and conditions apply. Home Loan at the sole discretion of HDFC Bank Limited. Loan disbursal is subject to documentation and verification as per Banks requirement.
