HFFC Home Loan Interest Rate Starting @ 11.90% p.a.

Get a home loan of up to ₹40 Lakhs at HFFC home loan interest rate starting at 11.90% p.a. Note that the HFFC interest rate applicable to you will depend on factors such as your employment status, your credit score, and your creditworthiness. In addition to the HFFC interest rate, you will have to pay a nominal processing fee. Moreover, if you want to repay your HFFC home loan before the loan repayment tenure, you can do it for no extra charge.

HFFC Home Loan Processing Fees and Other Charges

The other kinds of charges associated with a HFFC home loan are as follows:

Illustration of HFFC Home Loan Interest Rates

Example: Let us assume that you have taken a home loan of ₹2,00,000 from HFFC at an interest rate of 18% p.a and your loan repayment tenure is 5 years. Simultaneously, your friend has taken the same amount, but his interest rate is 12% p.a. and he has to repay it over 25 years. Let us now take a look at the applicable charges and the final amount that you both will pay by the end of your respective repayment tenures.

HFFC Loan Scheme Interest Rates

HFFC has several schemes available for people from all walks of life. Their respective interest rates are as follows:

HFFC Home Loan Interest Rates for Self-Employed and Salaried Individuals

The HFFC home loan interest rates which will be applicable to salaried and self-employed people are:

HFFC Home Loan Interest Rates for Women and Government Employees

The applicable HFFC home loan interest rates are as follows:

HFFC Home Loan Balance Transfer Interest Rates

Balance transfer facilities allow you to transfer the remainder of your home loan to a different lender. You may want to make such a switch to enjoy the lower interest rates at which the other lender is allowing you to pay off your remaining dues. But, before you go ahead and make the switch, you must check the foreclosing charges and applicable processing fees with both lenders. As of now, the HFFC home loan balance transfer interest rate starts from 12%.

Compare HFFC Home Loan Interest Rates With That of the Top Banks

The interest rates at which other leading lending institutions are providing home loans are as follows:

Factors that Affect HFFC Home Loan Interest Rates

The factors that could affect HFFC loan interest rate applicable to you are as follows:

• Your CIBIL Score: A CIBIL score of 750 or above will get you a HFFC loan at a lower interest rate. On the other hand, you may be charged a higher interest rate if your CIBIL score is below 750.

• Your Monthly Income: Your monthly pay will determine your loan repayment capacity. The higher your monthly cash inflow, the lower your interest rate will be and vice-versa.

• Your Loan Amount: If you take a high loan amount, you may get to repay it at a higher home loan interest rate. The opposite may be true if your HFFC home loan amount is low.

• Down Payment: If you have paid a large sum of money upfront as down payment, you may get HFFC home loan at a low interest rate.

Conclusion 

The main concept behind housing loans is to bring dream homes into the affordablity bracket of an individual. Home loans ensure that your dream house does not disturb your monthly budget or exhaust your savings. After purchasing a residential property, the customers can apply for HFFC home loans via Bajaj Markets at just 11.90% without any hassle.