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Housing and Urban Development Corporation Limited (HUDCO) is an Indian public sector corporation engaged in housing finance and infrastructure project finance, HUDCO has played a major role in the housing sector in the past five decades of operations.
HUDCO provides term loans for the construction of roads and other transport sectors like airports, railways, ports, metro trains, bridges and flyovers, railway overbridges, subways, bypasses, bus terminals, parking complexes, purchase of public transport vehicles.
HUDCO Home Loan, हुडको होम लोन,
Hudco Niwas offers a retail home loan product aimed at individual home loan applicants, Hudco Niwas loans to individuals with verifiable income are available only in clearly identified municipal areas, for personal home loan applicants up to Rs. For loan amounts up to 1 crore and tenor of 25 years
The loan amount depends on the repayment capacity of the borrower, which depends on age, income, assets, liabilities, spouse’s income, career stability and continuity, bank account details, savings history, to know more about Housing and Urban Development Corporation Limited Home Loans below Read on.
HUDCO Home Loan Eligibility, हुडको होम लोन पात्रता,
| Government or Private Employee Self Employee | Resident Indians / Non-Resident Indians |
| Age Limit | Minimum Age 23 years Maximum Age 65 years |
| Eligibility | Governament or Private Employee Self Employee |
Hudco Home Loan Processing Fee, हुडको होम लोन प्रोसेसिंग शुल्क,
Applicants for home loan from HUDCO have to submit the necessary documents without any hassle, bank will definitely consider these documents while approving your home loan application, documents for HUDCO home loan are one of the most important requirements, but many times applicants face difficulties as to which documents to provide while submitting documents for home loan.
Before applying for HUDCO, you must have all the necessary documents ready, if such documents are not correct, the lender may deny you the loan, HUDCO makes the home loan documents process very orderly and transparent from the very beginning, see what documents are required to pass your HUDCO housing loan application in detail.
| Processing Charges | NIL |
| Administrative Charges | 0.25% of loan amount + GST |
| Prepayment Charges | NIL |
| Penalty Charges | 1% per month |
| Conversion Charges | Based on the date of the change. |
| Cheque Bounce Charges | Rs 100 + GST + Applicable Bank Charges |
| Valuation Report Charges | Charges as per actuals |
| Incidental Charges | Expenses associated with collecting dues from a customer who has defaulted. |
| other Charges | As per actuals |
| Legal Charges | As per actuals |
Documents Required for HUDCO Home Loan
Applicants for home loan from HUDCO have to submit necessary documents without any hassles, bank will strictly check the required documents while approving your HUDCO loan application, documents are one of the most important requirements for home loan, HUDCO takes home loan documents process is very serious, but many times applicants for home loan Difficulties are faced while submitting the documents as they do not know which documents to provide.
Before applying for HUDCO, you must have all the necessary documents ready, if such documents are not correct, the lender may deny you the loan, HUDCO makes the home loan documents process very orderly and transparent from the very beginning, see what documents are required to pass your home loan application in detail.
- Identity Proof – Aadhaar Card, Voter ID, Passport, Driving License.
- Age Proof – PAN Card, Voter ID, Aadhaar Card, Passport, Driving License.
- Address Proof – Aadhaar Card, Passport, Voter ID, Driving License.
- Photographs – 3 passport size photograph
- Proof of Income – Last 3 years Income Tax Returns, Form 16, Bank Statement, Salary Slip.
- Property Documents – Sale Deed / Agreement Document / Encumbrance Statement / House Tax / House Approved Copy etc.
HUDCO Home Loan EMI Calculator, हुडको होम लोन ईएमआई कैलकुलेटर,
| Interest Rate | Up to Rs. 8 lakh | Rs. 8-50 lakh | Rs. 50-100 lakh |
|---|---|---|---|
| Floating | 9.25% | 9.25% | 9.25% |
| Fixed | 9.35% | 9.35% | 9.35% |
Click Here When you want to take HUDCO Home Loan Housing Loan, take an informed decision with HUDCO Home Loan EMI Calculator which helps you know HUDCO Housing Loan Amount and Home Loan Interest Rates, Home Loan Tenure and more important details.
CIBIL Score for HUDCO Home Loan, हुडको होम लोन सिबिल स्कोर,
Having a good CIBIL score is important if you want to apply for a HUDCO housing loan to buy a home, many lenders consider CIBIL score a key factor while reviewing your home loan application, CIBIL score is a metric used by lenders to assess your ability to repay the loan.
While applying for a HUDCO home loan, it is generally expected that you have a CIBIL score of at least 650, your CIBIL score is a three-digit number between 300 and 900 and is determined by evaluating your payment history, credit management. Habits and current banking practices.
To be eligible for HUDCO Home Loan, a minimum IBIL score of 750 is required, however, if your score is between 650 to 750, you can still apply for HUDCO Home Loan, to check your CIBIL score, you can click the link for HUDCO Home Loan.
HUDCO Home Loan Interest Rate, हुडको होम लोन की ब्याज दरें,
It is very important to know the interest rate when you apply for HUDCO home loan, HUDCO housing loan interest rate affects how much home loan you take and the total EMI you have to pay, so it is better to keep the interest rate the same When you apply for HUDCO housing loan, HUDCO home loan interest rate 8.60% p.a. You can get attractive interest rate, see more home loan interest rates here.
| HUDCO Niwas borrowers | Quarter Oct’22 to Dec’22 |
|---|---|
| Interest Rate Range of Contracted Loan for different category of advances granted to individual borrowers | 8.45% to 8.85% |
| Mean Interest Rate | 8.60% |
| Annual Percentage Rate – In addition to interest rate, HUDCO charges administrative fees @ 0.10% which is amortized over a period of loan. | Thus, for 10 year loan period, if RoI is 8.45%, the effective rate would be 8.46%, considering administrative fee. |
| HUDCO Niwas borrowers | Quarter July’22 to September’22 |
|---|---|
| Interest Rate Range of Contracted Loan for different category of advances granted to individual borrowers | 8.35% to 9.05% |
| Mean Interest Rate | 9.05% |
| Annual Percentage Rate – In addition to interest rate, HUDCO charges administrative fees @ 0.10% which is amortized over a period of loan. | Thus, for 10 year loan period, if RoI is 8.35%, the effective rate would be 8.36%, considering administrative fee. |
| HUDCO Niwas borrowers | Quarter April’22 to June’22 |
|---|---|
| Interest Rate Range of Contracted Loan for different category of advances granted to individual borrowers | 8.35% to 9.05% |
| Mean Interest Rate | 8.73% |
| Annual Percentage Rate – In addition to interest rate, HUDCO charges administrative fee @ 0.10% which is amortized over a period of loan. | Thus, for 10 year loan period, if RoI is 8.35%, the effective rate would be 8.36%, considering administrative fee. |
Note – HUDCO Home Loan rate may change at the discretion of the bank, the information given here is only the current interest rates given by HUDCO, when you want to apply for a home loan in HUDCO you should visit https://hudco.org.in/index.aspx on the official website of the bank And confirm.