HDFC Home Loan: Has your loan eligibility increased after rate cut? Check calculator now
While leading mortgage lender HDFC has slashed its lending rate by 15 basis, which are effective from today, making home loans cheaper, are you still worried about your eligibility for home loans? HDFC makes it easier for you to know how much loan you can get from the lender
While leading mortgage lender HDFC has slashed its lending rate by 15 basis, which are effective from today, making home loans cheaper, are you still worried about your eligibility for home loans? HDFC makes it easier for you to know how much loan you can get from the lender.
There are a number of factors which would determine your loan eligibility like for instance your monthly income, current age, credit score, fixed monthly financial obligations, credit history, retirement age.
How to use HDFC’s Eligibility Calculator?
HDFC’s Eligibility Calculator facilitates checking eligibility for housing loans online.
-- Gross Income (Monthly) in Rs: Input gross monthly income. NRI should input net income.
-- Loan Tenure (In Years): Input the desired loan term for which you wish to avail the loan. A longer tenure helps in enhancing the eligibility.
-- Interest Rate: Input HDFC’s prevailing housing loan interest rate. Visit website to know rates Click here to know the prevailing interest rates.
-- Other EMIs (Monthly): Input the EMIs of the other loans you may have
Once you get an indication of your eligibility and EMI amount by using the calculator, you can apply for a home loan online.
How to enhance Home Loan eligibility?
You can enhance your loan eligibility by following these simple tips:
-- You can add an earning family member as co-applicant
-- Availing a structured repayment plan
-- Declaring your additional income sources
-- Clearing your existing loans or short term debts
See Zee Business Live TV Streaming Below:
-- Keeping a tab on your credit score and improving it
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 10 PSU Stocks in 1 Year: Rs 1 lakh investment in top stock has given Rs 5.55 lakh post-tax returns
Gold and Silver rate today (May 23, 2024): Precious metal futures trade under pressure, yellow met below Rs 72,650, white metal near Rs 91,200
Gold and Silver rate today (May 21, 2024): Precious metal futures trade lower; yellow metal futures below Rs 73,750, white metal futures slips over 1%
SIP Investment, 15x20x12 Formula: How investing Rs 20K monthly can build a corpus of Rs 1 crore in 15 yrs | Know Calculation
SBI state bank of india Tax Saver FD With 80C Benefits: Rs inr 500000 investment in 5-year fixed deposit interest rate 2024 reward benefit guaranteed return income tax act nbfc
09:23 PM IST