HDFC HOME IMPROVEMENT LOANS

Features

Purpose External repairs Tiling and flooring Internal and external painting Plumbing and electrical work Waterproofing and roofing Grills and aluminum windows Waterproofing on terrace Construction of underground/overhead water tank Paving of compound wall (with stone/tile/etc.) Borewell Maximum loan Existing Customer 100% of the cost of improvement New Customer 85% of the cost of improvement Subject to market value of the property Maximum Term 15 years subject to your retirement age 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 co- owners. Adjustable 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 *Conditions Apply

Interest Rate

Please call HDFC Home Line for the latest interest rates.

Fees 1% of the loan amount applied plus applicable service taxes and cess. No Charges for Part or Full Prepayment of loan under Adjustable Rate (except in case of prepayment through a refinance from other bank or institutions prepayment charges will be applicable) Fixed Rate - Part prepayment upto 25% of opening loan outstanding in a financial year Replacement of cheques Income Tax Certificates Accelerated Repayment Option

How to apply

It's simple! You can choose any of the following ways to get in touch with us! HDFC Office Locator We have over 200 offices with flexible timings keeping in mind your work timings. The offices are conveniently located at a place closer to you. Call the HDFC Home Line in your city – Our sales representatives will reach out to you for assistance SMS HDFCHOME to 6767 Apply Online

Documents

You can download the Application Form and submit alongwith the following documents for an approval of loan. Salaried Customers Self Employed Professionals Self Employed Businessman Application form with photograph Application form with photograph Application form with photograph Identity and Residence Proof Identity and Residence Proof Identity and Residence Proof Latest Salary-slip Education Qualifications Certificate and Proof of business existence Education Qualifications Certificate and Proof of business existence Form 16 Last 3 years Income Tax returns (self and business) Business profile Last 6 months bank statements Last 3 years Profit /Loss and Balance Sheet Last 3 years Income Tax returns (self and business) Last 3 years Profit /Loss and Balance Sheet Processing fee cheque Last 6 months bank statements Last 6 months bank statements (self and business) Processing fee cheque Processing fee cheque Detailed cost estimate from architect/engineer for the property to be constructed/ renovated.

Security

Existing customer - Extension of the mortgage already created on the property financed and/or other security as may be required by HDFC. New Customer - For others, security for the loan is a mortgage on the entire property being improved and/or other security as may be required by HDFC.