Documents Required

For Salaried Individuals

• Identity proof (Aadhaar, PAN, Passport)
• Address proof (Utility bills, Aadhaar)
• Income proof (Salary slips, Form 16)
• Bank statements (Last 6 months)
• Property documents

For Self-Employed Individuals

• Identity proof (Aadhaar, PAN, Passport)
• Address proof
• Proof of business (IT returns, GST filings, balance sheets)
• Bank statements (Last 12 months)
• Property documents

• Check Eligibility: Ensure you meet the basic criteria such as age, income, and credit score.
• Gather Required Documents: Collect essential documents, including identity proof, income proof, property documents, and bank statements.
• Submit Application: Apply online on the HDFC website or visit the nearest HDFC Bank branch to fill out the loan application form.
• Verification and Approval: HDFC will review your documents and verify your details. Approval is usually quick with minimal documentation.
• Loan Disbursement: Once approved, sign the loan agreement, and the funds will be disbursed to your account.

• Income Stability: Regular and stable income is a primary criterion for lenders.
  Salaried individuals with consistent monthly earnings and self-employed individuals with profitable business operations are preferred.
• Age: Younger applicants have higher eligibility due to longer repayment capacity.
  Most lenders prefer borrowers aged 21 to 65 years.
• Credit Score: A credit score of 750 or above significantly boosts your eligibility.
  It reflects your repayment history and financial discipline.
• Employment/Business Continuity: For salaried individuals, a minimum of 1 year in their current job is required.
  Self-employed individuals need to show at least 3 years of consistent business operations.
• Loan-to-Value (LTV) Ratio: Lenders typically finance up to 80-90% of the property value.
  A higher down payment improves loan approval chances.
• Existing Financial Obligations: High debts, such as ongoing loans or credit card dues, can reduce your eligibility.
  A lower debt-to-income ratio is favorable.
• Property Details: The location, type, and market value of the property influence eligibility.
  Properties with clear titles and approved layouts are preferred.
• Co-Applicant’s Income: Adding a co-applicant, such as a spouse, increases combined income and improves eligibility.
  Co-applicants with good credit scores further enhance approval chances.