Home loans are the best way to purchase your dream living-spaces that you can personalize & customize according to your needs and requirements. Home loans can be availed for renovations as well.<\/p>\n
Home loan application process<\/strong> Loan Interest Rates<\/strong> HDFC bank has instituted floating interests based on credit scores of various customers. This opportunity allows consumers to avail their dream homes based on their salary grade as well as credit scores. The bank has agreed upon a floor rate as well that benefits the consumers who avail of home loans.<\/p>\n If the loan amount is up to 30 lakhs, the floating interest instituted is 6.95% (women) and 7.00% (others) for those with a credit score of 780 & above. For credit score 700 to 779, the floating interest is 7.15% (women) and 7.20% (others). If the credit score is in the range of 650 to 699, the floating interest is 7.30& (women) and 7.35% (others). When the credit score is below 650 and includes NTB\/NTC, the floating interest rate becomes 7.35% (women) and 7.40% (others). The fixed floor rate for this category is 7.15%.<\/p>\n When the loan amount is in the range of 30 to 75 lakhs, the floating interest rates for those with a credit score above 780 is 7.20% (women) & 7.25% (others). For those with credit score in the range of 700 to 799, the floating interest rates include 7.30% (women) and 7.35% (others). If the credit score is in the range of 650 to 699, the floating interest rates are 7.45% (women) and 7.50% (others). When the credit score is below 650 and includes NTB\/NTC, the floating interest rates become 7.50% (women) & 7.55% (others). The fixed floor rate for this category is 7.30%.<\/p>\n When the loan amount is above 75 lakhs, the floating interest rates for those with a credit score above 780 are 7.30% (women) and 7.35% (others). For those with credit scores in the range of 700 to 799, the floating rate interest rates are 7.40% (women) and 7.45% (others). If the credit score is in the range of 650 to 699, the floating interest rates are 7.55% (women) and 7.60% (others). When the credit score is below 650 and includes NTB\/NTC, the floating interest rates are 7.60% (women) and 7.65% (others). The fixed floor rate for this category is 7.40%.<\/p>\n Wrapping Up <\/strong> Home loans are the best way to purchase your dream living-spaces that you can personalize & customize according to your needs and requirements. Home loans… <\/p>\n","protected":false},"author":1,"featured_media":370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t
\nChecking eligibility to avail of home loans is the first step and it depends on the repaying capacity. The repayment capacity gets determined by your monthly salary, expenses, and other liabilities. It is a no-brainer that the basic requirement includes the ability to pay back your loan installments on time.<\/p>\n
\nHDFC bank offers two types of interest rates, fixed as well as floating. The fixed interest does not change during the loan tenure. Floating interest rates keep changing according to changes made by banks from time-to-time.<\/p>\n
\nWith the HDFC bank offering good floating interest rates along with floor rates, it would be wise to avail their home loans. Be aware of this information at hand and we at Dreamflower will guide you through the best team we have for housing loan. So why waiting for buying your dream home, while Dreamflower can fulfill your dreams.<\/p>\n","protected":false},"excerpt":{"rendered":"