HDFC's TRUFIXED Home Loan

Under this Trufixed Home Loan product the house buyer has the option to choose a Fixed Interest Rate Period (FIRP) between 3 to 10 years .

Post the fixed rate period the loan will automatically convert to a variable (Floating) rate product. The home buyer also has the option, subject to HDFC's eligibility norms to take a complete fixed rate term product for a fixed term of 3 to 10 years. Or, he or / she can avail a long term loan of 15 to 20 years with a part fixed and part floating for the entire tenor of the loan.

The full disbursement of the loan, irrespective of the fixed period chosen, shall have been availed within the first three (3 years) from the date of first disbursement of the loan. Post the fixed rate period the interest rates applicable on the loan shall be the then applicable HDFC RPLR minus the spread as applicable currently on the loan amount being availed under Trufixed product.

The applicable interest rates in the FIRP are linked to sanctioned loan amount and as per details given below..!:

Home Loan Slabs                                   Interest Rates during the                                                                                   

                                                                 Fixed Interest Rate Period (%)

Upto and including  Rs 10 lacs               10.75 ( % )

Rs.10.01 lacs to Rs.75 lacs                     11.00  ( % )

Over Rs.75 lacs                                        11.25   ( % )

The product is available to salaried & self-employed customers (home buyer) subject to file being logged in on or before October 31st 2012 with an end date for the first disbursement on or before November 30th 2012. 

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