VBHC is privileged to partner with HDFC Ltd. to bring home loans to our customers

HDFC Ltd.,is India's leading provider of home loans. Over the last 33 years, HDFC has pioneered the development of the home loan market in India. They have a very deep understanding of the requirements of customers, particularly those who are buying a home for the first time. Buyers of homes in Vaibhava are eligible for home loans from HDFC Ltd., subject to them fulfilling the HDFC lending norms.

Ease and convenience in the total buying experience

HDFC's home loan counselors will be based at the VBHC project site, so that our customers can process the purchase of the property and apply for their home loans at the same time. Home loan counselors will advise customers on the appropriate home loan product, documentation requirements and provide any other information they may need related to their home loan. VBHC's sales team is also trained to guide customers to complete HDFC's home loan documentation process.

Documentation

In order to facilitate the home loan process and thereby early completion of the loan, customers are required to bring with them the following documents:

• Identity proof (usually one of the following: Passport, driving license, ration card, pan card, voters identification),







• Address proof (one of the following: Passport, electricity bill, telephone bill, ration card, letter from employer in original, bank statement in original attested by banker, lease agreement







• Income documentation (Latest 3 months salary slips, latest Form 16 and latest ITR for salaried customers and last 3 years IT Returns, along with computation of income statements and profit and loss account and balance sheets of the firm for self-employed customers)







• Copies of bank statement for the last 6 months







• Any further documents as required by HDFC to process the loan.

  
  

VBHC will fix appointments for customers with HDFC's home loan counselors to complete the home loan application process.

Loan Quantum

The amount of loan is usually the lower of the following: Property price, loan eligibility or the amount of loan required by the customers. HDFC will finance upto a maximum of 85% of the cost of the home (subject to HDFC's norms and policies from at the time).

Loan Tenure

HDFC provides for maximum flexibility of loans for various tenors, with a maximum period of 20 years or up to the retirement age of the borrower, whichever is lower. There is also flexibility for pre-payment of part of the loan, subject to HDFC's policies on pre-payment from time to time, aided by annual bonus or other lumpsum earnings of the customer. With longer tenor loans, customers can reduce their burden of monthly payment.

Processing Fee

HDFC charges a one-time processing fee of 0.5% of the loan amount.