HDFC Bank Home Loan in Indore

About HDFC Bank Home Loan in Indore

Indore is one of the prime cities of Madhya Pradesh. People of the state wish to settle in the city because of better educational and job facilities. It is not a cakewalk to buy a house in one go. HDFC bank offers eligible applicants in the city a home loan for purchase, repair or construction of a home. The bank has opened up more than 20 branches in Indore for a smooth disbursal of all the products.

HDFC Bank Home Loan Indore at a glance

The important details about a home loan offered by HDFC bank in the city have been given below.

ParticularDetails
Interest rate8.70% - 9.40%
Loan amount₹ 75 Lakhs and above in selected cases
TenureUp to 30 years
Processing feeUp to 1.50 % of the amount sanctioned plus the service taxes
Pre-payment chargeNo prepayment is allowed for the starting six months
6 months- 5 years: 1.5% of the original amount
5- 10 years- 0.75% of the original amount
After 10 years- no closure fee as such

Eligibility criteria for HDFC Bank Home Loan Indore

The norms of eligibility for a personal loan offered by HDFC bank have been given below. An applicant has to ensure that he/she is able to meet the given criteria.

  • The bank decides the eligibility of the applicant from certain factors like Income, Educational qualifications, Age, CIBIL score, Income of the spouse, Number of dependents, Stability of employment, Saving history and Business, Liability & Assets.
  • The applicant should fall into the age group of 18 to 60 years.
  • Salaried employees need to be working with their current company for a period of at least one year.
  • In case of businessmen, the business should be stable for a minimum of three years.

Documents required for HDFC Bank Home Loan Indore

The list of all the essential documents required to avail a home loan from HDFC bank has been mentioned below. Do check them out.

Salaried employee

  • Fully filled application form along with photographs of passport size
  • Proof of Identity- Passport/PAN card/Voter ID card/Aadhar card/Driving license
  • Proof of Address- PAN card/Passport/Electricity bill/Telephone bill/Rent agreement
  • Processing fee cheque
  • Bank statement of the past six months
  • Proof of Income- Form 16 and latest salary slip
  • Other property related documents- Buyer agreement/Allotment letter copy and a receipt of payment made to the developer

Self-employed (businessmen and professionals)

  • Fully filled application form along with photographs of passport size
  • Proof of Address- PAN card/Passport/Electricity bill/Telephone bill/Rent agreement
  • Proof of Identity- Passport/PAN card/Voter ID card/Aadhar card/Driving license
  • Processing fee cheque
  • Proof of Income- Income Tax returns of the previous three years and Audited Balance Sheet & Profit and Loss account statement of the past three financial years
  • Proof of Business
  • Educational qualification certificates (For professionals)
  • Business profile
  • Other property related documents- Buyer agreement/Allotment letter copy and a receipt of payment made to the developer
  • Bank statement of the past six months

Agriculturists

  • Fully filled application form along with photographs of passport size
  • Proof of Identity- Passport/PAN card/Voter ID card/Aadhar card/Driving license
  • Proof of Address- PAN card/Passport/Electricity bill/Telephone bill/Rent agreement
  • Processing fee cheque
  • Copies of the Title documents of the agricultural land which can depict land holding
  • Statement of the loans availed in the past two years
  • Other property related documents-
  • Bank statement of the past six months
  • Copies of the Title documents of the agricultural land which can show that crops are being cultivated

For more details refer to Home Loan Indore.

Address of HDFC bank branches in Indore

The complete list of HDFC bank branches in the city has been given below with the address, contact details and IFSC & MICR codes.

BranchAddressIFSCMICRContact details
Indore Main BranchUG 1 & 2, Trade House, 14 / 3 South Tukoganj, Indore - 452001, Madhya PradeshHDFC00000364522400029893603333
Cloth MarketCloth Market, Jawahar Marg, Rajmohalla, Indore - 452004, Madhya PradeshHDFC00002814522400039893603333
Vijay Nagar91 A/A, Ankur Alley, Scheme 54, Vijay Nagar, Indore - 452010, Madhya PradeshHDFC00004044522400049893603333
Commerce House7 Race Course Road, , Commerce House, Near 56 Shops, Indore - 452001, Madhya PradeshHDFC00012404522400059893603333
AB RoadUg 1 Bcm City, Navlakha Square, A B Road, Indore - 452001, Madhya PradeshHDFC00014054522400069893603333
ShennaiSHOP No - 9, 10, 11, Shehnai 2, Kanadia Road, Indore - 452016, Madhya PradeshHDFC00017724522400089893603333
Annapurna Road6 A, sector- A, Bhawanipur Colony, Annapurna Road, Indore - 452009, Madhya PradeshHDFC00017714522400099893603333
Palsikar squareAditya Regency, Manik Bagh Road, Palsikar Square., Indore - 452007, Madhya PradeshHDFC00020004522400109893603333
RajgarhOpp. Govt. Hospital, Chandra Shekhar Azad Marg, Indore - Ahmedabad Road, Rajgarh, - Dhar - 454116, Madhya PradeshHDFC00021384542405019893603333
Rau1514 Sai Vihar Colony, Rau, Indore - 453331, Madhya PradeshHDFC00021404522405019893603333
Airport RoadHop No. 11, Sita Shree Apartment, Mota Bag, Airport Road Indore Madhya Pradesh 452005HDFC00024874522400119893603333
SukhliyaC 602 Pandit Dindayal Upadhyay Nag Sukhliya Main Road Indore Madhya Pradesh 452001HDFC00036604522400159893603333

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