pocketful logo light
pocketful logo light

Hdfc,Housing Development Finance Corporation

calender iconUpdated on September 28, 2023
banking
personal finance

HDFC Housing Development Finance Corporation (HDFC)

The Housing Development Finance Corporation (HDFC) is a leading mortgage lender in India, offering a wide range of housing loan products for both individuals and commercial purposes. Established in 1948, it is a fully owned subsidiary of the Housing Development Finance Corporation Limited (HDFC Ltd.).

Key Highlights:

  • Market Leader: HDFC is the largest mortgage lender in India, with a market share of over 25%.
  • Affordable Housing: HDFC offers various affordable housing schemes, including the Pradhan Mantri Awas Yojana (PMAY) and the Indira Paryavas Yojana (IPY).
  • Wide Range of Products: HDFC offers a comprehensive range of housing loans, covering both purchase and construction, for various income groups and property types.
  • Strong Customer Service: HDFC has a strong customer service network with a wide reach across the country.
  • Digitization: HDFC is constantly investing in digitalization to improve its service offering and customer experience.

Some key products offered by HDFC:

  • Home Purchase Loan: Covers purchase of new or existing homes, with various schemes like Pradhan Mantri Awas Yojana (PMAY) and Home Loan Lite.
  • Home Construction Loan: Covers construction of new homes, with loans for both plotted and non-plotted land.
  • Loan Against Property: Secured loan against your property, with flexible repayment options.
  • Rental Income Loan: Tailored loan for property investors.
  • Affordable Housing Schemes: Various schemes for affordable housing, including PMAY and IPY.

Additional Resources:

  • HDFC Website: hdfc.com/
  • HDFC Mobile App: hdfc.co.in/mobile-app
  • HDFC Twitter: twitter.com/hdfc_hfg
  • HDFC Facebook: facebook.com/hdfc.hfg

Overall, HDFC is a strong and trusted brand in the Indian housing finance market, offering a wide range of products and services to meet various needs.

Categories