1. What is HDFC Home Loan Maximum Amount?

The HDFC Home Loan Maximum Amount calculator determines how much you can borrow based on your repayment capacity, interest rate, and loan term. HDFC typically offers up to 90% of the property value as a home loan.

2. How Does the Calculator Work?

The calculator uses the loan principal formula:

Where:

• \( P \) — Maximum loan amount (INR)
• \( PMT \) — Affordable monthly payment (INR)
• \( r \) — Monthly interest rate (annual rate ÷ 12)
• \( n \) — Loan term in months (years × 12)

Explanation: The formula calculates the present value of an annuity (the loan amount) based on regular payments, interest rate, and duration.

3. Importance of Loan Amount Calculation

Details: Knowing your maximum eligible loan amount helps in property selection and financial planning. HDFC typically finances up to 90% of the property value for home loans.

4. Using the Calculator

Tips: Enter your comfortable monthly payment, current HDFC interest rate (starting at 8.45% p.a.), and desired loan term (up to 30 years). The calculator shows maximum loan amount and corresponding property value at 90% LTV.

5. Frequently Asked Questions (FAQ)

Q1: What is HDFC's typical Loan-to-Value (LTV) ratio?
A: HDFC generally offers up to 90% of the property value for home loans, though this may vary based on property type and applicant profile.

Q2: What are HDFC's current interest rates?
A: Rates typically start at 8.45% p.a. (as of 2023) but vary based on loan amount, applicant profile, and market conditions.

Q3: What factors affect my maximum loan amount?
A: Key factors include your income, existing obligations, credit score, property value, and current interest rates.

Q4: How does loan term affect the maximum amount?
A: Longer terms allow higher loan amounts for the same EMI, but increase total interest paid over the loan life.

Q5: Are there additional costs to consider?
A: Yes, include processing fees (0.5-1% of loan amount), insurance, registration charges, and GST in your budget.